Latin America Ceramics Market Size & Outlook, 2022-2030
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Latin America ceramics market highlights
- The Latin America ceramics market generated a revenue of USD 13.6 million in 2022.
- The market is expected to grow at a CAGR of 3.8% from 2023 to 2030.
- In terms of segment, traditional was the largest revenue generating product in 2022.
- Advanced is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 13.6 million |
| Market revenue in 2030 | USD 18.3 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Traditional |
| Fastest growing segment | Advanced |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traditional, Advanced |
| Key market players worldwide | 3M Co, AGC Inc, CeramTec, CoorsTek, Mohawk Industries Inc, Morgan Advanced Materials PLC, Compagnie de Saint-Gobain SA |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.7% of the global ceramics market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 159.8 million by 2030.
Traditional was the largest segment with a revenue share of 54.41% in 2022. Horizon Databook has segmented the Latin America ceramics market based on traditional, advanced covering the revenue growth of each sub-segment from 2017 to 2030.
The Central & South American market for ceramics is expected to witness moderate growth on account of rising investments in infrastructure and construction industries by domestic as well as international investors. The substantial rise in the construction and infrastructure activities in the region is expected to boost the demand for ceramics as the product is used in sanitary ware, tiles, and pipes.
Furthermore, the regional ceramics demand is expected to increase on account of increasing construction of hotels and resorts in Argentina and Brazil. According to a publication by TOPHOTEL CONSTRUCTION, in 2021, Argentina was included among the top 10 countries in North and Latin America with 37 hotel projects and 3953 rooms in construction phase.
Hilton, a worldwide hotel chain, has 9 projects for Argentina in its pipeline. The increase in number of first-class, luxury hotels in the region is expected to drive the market for ceramics as it has wide application in the production of decorative tiles, flooring, and sanitary ware products.
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Ceramics Market Scope
Ceramics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CeramTec | View profile | 1001-5000 | Plochingen, Baden-Wurttemberg, Germany, Europe | http://ceramtec.com |
| Morgan Advanced Materials PLC | View profile | 8783 | Sheet Street, York House, Windsor, United Kingdom, SL4 1DD | https://www.morganadvancedmaterials.com |
| Mohawk Industries Inc | View profile | 43300 | 160 South Industrial Boulevard, Calhoun, GA, United States, 30701 | https://www.mohawkind.com |
| CoorsTek | View profile | 10001+ | Golden, Colorado, United States, North America | https://www.coorstek.com |
| AGC Inc | View profile | 61671 | 1-5-1, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8405 | https://www.agc.com |
| Compagnie de Saint-Gobain SA | View profile | 168508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | http://www.saint-gobain.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
Latin America ceramics market size, by country, 2017-2030 (US$M)
Latin America Ceramics Market Outlook Share, 2022 & 2030 (US$M)
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