Global Construction Ceramics Market: Diverse Applications to Pave Way for Steady Growth, finds TMR
The global construction ceramics market is expected to witness substantial growth in the coming years owing to large-scale employment in the building and construction industry, states Transparency Market Research (TMR) in a new research report. The report is titled “Construction Ceramics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024.” The study presents an overview of the growth trajectory of and the trends prevalent in the global construction ceramics market. An evaluation of the factors that are expected to hinder or drive the growth of the market has also been presented in the research report. The competitive landscape of the global construction ceramics market has been analyzed using Porter’s five forces analysis, along with the shares, market strategies, and products of the key players operating in the market.
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Ceramic materials are obtained from nonmetallic and metallic compounds in the form of inorganic and nonmetallic materials. These materials are partly crystalline or crystalline in nature. The global market for construction ceramics has been classified into three categories. The first category comprises silicon nitride, alumina, and silicon carbide, which are high performing ceramics. The second class includes lithium aluminosilicate, soda glass, and borosilicate glass. The last category consists materials such as warm pressed cement, MDF cement, high pressure cement, DSP cement, cement, and concrete.
The construction industry is a steady consumer of materials such as sewer pipes, glass, cement brick, gypsum, and wall tiles. These materials are employed across several industries such as electronics, aerospace, and construction, thus increasing the demand for construction ceramics across these sectors. The growth of the global construction ceramics market is also driven by the increasing government expenditure on infrastructural development.
The progress of the sanitary ware sector is further expected to bode well for the market, as these materials are employed in bathrooms for mechanical and chemical resistance. The primary advantages of these products are durability, cost-effectiveness, high resistance towards harsh environmental conditions, and low maintenance requirements. However, implementation of improved strategies is required to enable hindrance-free growth of the market. The market is expected to register a strong CAGR over the forthcoming years. Nevertheless, the high initial cost of construction ceramics is likely to act as a barrier to the growth of the market.
Geographically, Asia Pacific dominates the global construction ceramics market at present due to the increasing number of construction activities in China and India. The market for construction ceramics in Europe is also expected to witness promising growth. The leading companies in the market are Saint Gobain S.A., Koch Industries Inc., Jyoti Ceramic Industries Ltd., and Dong Peng Porcelain.
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