Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Advanced Ceramic Additives Market size was over USD 624.16 million in 2024 and is poised to exceed USD 1.23 billion by 2037, witnessing over 5.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of advanced ceramic additives is evaluated at USD 652.81 million.
The ceramic additives are the materials that are subsumed during the manufacturing of the advanced ceramics to make them sturdy and modify their properties according to the requirement of the end-user. The growth of the market can be attributed to the growing construction sector, especially for commercial and housing purposes. Furthermore, the escalating disposable income of people has promoted the hospitality sector and interior design. It is estimated that there were approximately 185,000 hotels present all across the globe in the year 2018. These hotels require sublime and good-quality basins, tiles, and other ceramic products. Advanced ceramic additives are used to manufacture impeccable basins, sanitary wares, and tableware which is eventually expected to raise the growth of the global market over the forecast period. Similarly, the burgeoning real estate industry is also anticipated to act as a catalyst to escalate market growth. Furthermore, advanced ceramics are utilized in making light-weighted materials in aerospace, automotive, and defence applications. All such factors are projected to raise the growth of the global market over the forecast period. Moreover, advanced ceramic additives have various applications in the healthcare sector in laser surgery, ear implants, pacemakers, femoral head implants for hip replacement, X-ray tubes, pressure sensors, and the dental industry. The proliferating investment in the healthcare sector is also estimated to propel the growth of the global market over the forecast period.
Advanced Ceramic Additives Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Demand for Advanced Ceramic Additives in the Medical Industry
- Globally Burgeoning Real-Estate Industry
Challenges
- Adverse Environmental Impact of Ceramics
- Increasing Tariffs Worldwide
Advanced Ceramic Additives Market: Key Insights
| Report Attribute | Details |
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.4% |
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Base Year Market Size (2024) |
USD 624.16 million |
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Forecast Year Market Size (2037) |
USD 1.23 billion |
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Regional Scope |
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Advanced Ceramic Additives Segmentation
The market is segmented by application into industrial, automotive, and architecture, out of which, the architecture segment is predicted to hold a significant share in the global advanced ceramic additives market over the forecast period on account of the flourishing construction sector and increasing demand for housing and commercial buildings. Moreover, increasing expenditure on interior decoration is also one of the reasons why the global market is projected to grow during the forecast period.
Our in-depth analysis of the global market includes the following segment
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By Material |
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By Product |
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By Application
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Customize this ReportAdvanced Ceramic Additives Industry - Regional Synopsis
North America Market Statistics
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. North America industry is set to dominate majority revenue share by 2037, impelled by 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 market over the forecast period.
APAC Market Analysis
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 market is expected to grow exponentially over the forecast period.
Companies Dominating the Advanced Ceramic Additives Landscape
- KYOCERA Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- The Dow Chemical Company
- CeramTec GmbH
- Morgan Advanced Material plc
- Elan Technology, IncOrtech, Inc.
- SANYO CHEMICAL INDUSTRIES, LTD.
- Giovanni Bozzetto S.p.A.
- Solvay SA
- OC Oerlikon Corporation AG
In the News
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February 22, 2022: Solvay ventures partners with Richland Capital to develop advance materials and manufacturing innovation with technology start-ups in China.
Author Credits: Rajrani Baghel
- Report ID: 4085
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
