Ceramics Off the Ground and Flying High

    According to Markets & Markets, the ceramic matrix composites market is projected to reach USD7.5 billion by 2026, growing at a CAGR of 9.65% from 2016 to 2026. The demand for lightweight and high-performance ceramic matrix composites in automotive, aerospace and defense applications is propelled by regulatory norms emphasizing the use of lightweight and fuel-efficient materials.

    The Carbon/carbon (C/C) ceramic matrix composites segment has the largest market share with high demand for it in wide body commercial aircraft as a material of choice for braking systems in aerospace and the automotive industries due to their low weight, high friction, and temperature resisting properties.  
    Owing to their high strength and lightweight, the majority of the ceramic matrix composites are used to make exterior aerospace & defense components such as exhaust nozzle, nose cap, and engines. North America accounted for the largest share of the ceramic matrix composites market, globally, in 2015, driven mainly by the growing aerospace & defense industry. General Electric has orders for more than 6,000 new LEAP gas turbine engine units which are made from C/C. Rolls-Royce and Boeing/ATK-COIC are also anticipating similar investments in the U.S. for production of gas turbine engines.  
    Other key global players in the aerospace composites market are Rolls-Royce Plc. (U.S.), SGL Group (Germany), COI Ceramics (U.S.), United Technologies (U.S.), CeramTec (Germany), and others.  

    “…an upswing in construction activities is boosting the demand for ceramic tiles significantly across the world.”

    According to Transparency Research, an upswing in construction activities is boosting the demand for ceramic tiles significantly across the world. The global market for ceramic tiles attained a value of USD76.8 bn in 2015. Expanding at a CAGR of 9.80% from 2016 to 2024, it is poised to reach USD$178 bn by 2024. Sales of ceramic tiles are also expected to witness a substantial thrust in various economies, such as Turkey, Brazil, and the GCC. In 2015, the majority share of the overall consumption volume of ceramic tiles was held by the floor tiles segment. Flooring holds importance in a number of applications ranging from commercial and residential constructions such as hospitals and educational institutes to transport infrastructures such as railway stations and airports. On account of this, the demand for floor tiles is projected to remain highest in the near future.
    The worldwide ceramic tiles market is spread across Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Currently, the highest consumption of ceramic tiles is reported in Asia Pacific. In 2015, the region accounted for a share of 65.6% of the overall demand for these tiles in the world. The rapid urbanization has given significant rise to construction activities in emerging Asian economies such as South Korea, China, and India, drawing an immense demand for these tiles in this region over the last few years.
    The shift in the preference for ceramic tiles over marble floors, metal slabs, and other decorative products is also anticipated to boost their consumption.
    Europe accounted for the second-highest consumption of ceramic tiles around the world in 2015, owing to a sudden rise in the residential replacement activities. The trend is likely to remain continuous over the next few years.  In 2015, the top five players, namely, Kajaria Ceramics, Mohawk Industries Inc., Ras Al Khaimah Ceramics, Siam Cement Group, and Lamosa Grupo, jointly held a meager share of 7.7% in the overall market. Crossville Inc., Florida Tile Inc., Ceramiche Atlas Concorde S.P.A, China Ceramics Co. Ltd., Saloni Ceramics, Gruppo Ceramiche Ricchetti S.p.A, and Porcelanosa Grupo are some of the other major international manufacturers of ceramic tiles.
    Technavio’s market research analysts have predicted the global ceramic sanitary market to grow at a CAGR of more than 7% to 2020. The increasing sales and construction of housing projects across the US, China, India, South Korea, and the Middle Eastern countries is spurring the growth of construction sector, which will, in turn, to fuel the demand for ceramic sanitary ware. Moreover, the increasing number of privately owned housing units in the US and the increasing sales of housing units in APAC countries will also drive this market’s growth. Furthermore, growth in home renovation projects and growing interest in interior designing will also significantly contribute to this market’s growth until the end of 2020.

    "ceramic sanitary ware manufacturers are increasingly focusing on developing innovative products to maintain their market share"

    The introduction and adoption of technologically advanced ceramic sanitary ware will aid in the growth of this market over the predicted period. Several technological advancements in the recent years have helped the sanitary ware industry to increase functionality, reduce human intervention, and help save natural resources. Ceramic sanitary ware manufacturers are increasingly focusing on developing innovative products to maintain their market share.  
    During 2015, the washbasins segment dominated the ceramic sanitary ware market and accounted for a close to 32% of the market share. Since the installation of washbasins is essential in most construction projects, this market segment is expected to grow steadily over the forecast period. The washbasin segment is projected to reach close to 195 million units by 2020.
    During 2015, the Americas was estimated to be the fastest growing market for ceramic sanitary ware. The ceramic sanitary ware market in the region is driven by the growth in the residential construction sector. Also, construction of new offices, increase in public transportation infrastructure projects, and investments in sports infrastructure are envisaged to fuel the demand for ceramic sanitary ware in the Americas until the end of 2020. 
    Key vendors in the market are Kohler, LIXIL, Masco, TOTO, and Villeroy & Boch. 

    ACW Staff