Global ceramics market is expected to reach USD 287.06 billion by 2022, according to a new report by Grand View Research, Inc. Rising government funding for large-scale infrastructure projects in China, India, Myanmar, Philippines, Malaysia and Indonesia and China is expected to propel construction industry growth which in turn will have a positive on product demand over the next seven years.
Retail industry growth along with increasing acceptance of supermarket culture in emerging economies of Asia Pacific and strong export scenario is expected to have a positive impact on the ceramic packaging market over the forecast period.
Rising investments for innovative product developments, high-quality manufacturing processes, and fast delivery logistic systems are expected to have a positive impact on the industry over the next seven years. Furthermore, strong economic growth coupled with removal of barriers for foreign investments in India is expected to spur construction sector which in turn will propel ceramics demand over the forecast period.
North America and Europe are expected to witness considerable rise in light of rising R&D expenditure for introduction of eco-friendly products. However, raw material price volatility is expected to challenge the industry over the next seven years.
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Further key findings from the report suggest:
For the purpose of this report, Grand View Research has segmented the global ceramics market on the basis of product, application, end-use and region:
Ceramics Product Outlook (Volume, Million Tons, Revenue, USD Billion, 2012 - 2022)
Ceramics Application Outlook (Volume, Million Tons, Revenue, USD Billion, 2012 - 2022)
Ceramics End-Use Outlook (Volume, Million Tons, Revenue, USD Billion, 2012 - 2022)
Ceramics Regional Outlook (Volume, Million Tons, Revenue, USD Billion, 2012 - 2022)
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