Segmentation by Material (Alumina, Zirconate, and Ferrite); by Product (Binder, Dispersant, Monolithic, Matrix, and Coatings); and by Application (Architecture, Automotive, and Industrial) – Global Demand Analysis & Opportunity Outlook 2031
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Regionally, the global advanced ceramic additives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness noteworthy growth over the forecast period on the back of higher investment in infrastructure in the region. Also, the region has a population with a high disposable income who are capable to spend more on interior decoration. Additionally, the expanding hospitability sector and rapid urbanization are also estimated to support the growth of the global advanced ceramic additives market over the forecast period.
The market in the Asia Pacific region is expected to acquire a prominent share over the forecast period on account of the evolving construction sector. The governments of developing nations, such as India, Japan, and China, are focusing on infrastructural development. According to data published by the Press Information Bureau of India, government policies, such as, Swachh Bharat Abhiyan in India led to the construction of 10.9 crore household washrooms in rural areas by the end of 2021. This increased the demand for sanitary wares in the whole region. Moreover, it is estimated that in 2020, Asia was the largest consumer of ceramic tiles with net consumption of around 11 billion square meters. On the back of these factors, the global advanced ceramic additives market is expected to grow exponentially over the forecast period.
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The global advanced ceramic additives market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in the future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, which accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour, as well as government subsidies and relaxed environmental norms, have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for investment in businesses in Asia Pacific countries in the upcoming years.
Our in-depth analysis of the global advanced ceramic additives market includes the following segments:
By Material
By Product
By Application
Growth Drivers
Challenges
February 22, 2022: Solvay ventures partners with Richland Capital to develop advance materials and manufacturing innovation with technology start-ups in China.
June 11, 2019: Kyocera Corporation to acquire the advanced ceramics business of Germany-based Friatec GmbH
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: The major factor for driving the growth of the global advanced ceramic additives market is the rise of the construction sector and medical industry.
Ans: The global advanced ceramic additives market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 - 2031.
Ans: Adverse environmental impact and increasing tariffs are estimated to hamper the market growth.
Ans: The North America region is estimated to provide more business opportunities for the growth of the global advanced ceramic additives market in future owing to the increasing real-estate sector.
Ans: The major players in the market are Morgan Advanced Material plc, SANYO CHEMICAL INDUSTRIES, LTD., Giovanni Bozzetto S.p.A., KYOCERA Corporation and Solvay SA.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by material, product, application, and by region.
Ans: The architecture segment is anticipated to hold the largest market size over the forecast period and display significant growth opportunities.
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