Ceramic additives market is expected to expand its roots at a promising CAGR of 4.8% during the forecast period. The global market holds an estimate revenue of US$ 818 Mn in 2022 and is likely to cross US$ 1.2 Bn by the end of 2032.
The ceramic additives market is anticipated to show promising growth prospects during the forecast period, expanding the ceramic additives market size.
| Attributes | Details |
| CAGR (2022-2032) | 4.8% |
| Value (2022) | US$ 818 Mn |
| Value (2032) | US$ 1.2 Bn |
Ceramic additives are used in water soaking, flame resistance, anti-slip, and resistance to mechanical/physical pressure. As the ceramic industry develops, the ceramic additives and their quality is also improving frequently. This fuels the sales of ceramic additives.
There are three improving factors that work for ceramic additives: Application range that holds the broader area of ceramic production, more complexity, competency with new innovative technology, and competent functional area, pushing the sales of ceramic additives.
Demand for ceramic additives rises as several organic and inorganic additives along with the rise in the sales of ceramic products and the construction industry, showing the variety and personalized qualities of the market. Companies work on creating diversified ceramic products as they get consumed from multiple markets, from cultural backgrounds to living standards. This fuels the demand for ceramic additives.
The growing housing sector in developing countries such as India, China, and ASEAN countries is a prime factor that drives the ceramic products market. With this increasing demand for ceramic products, demand for ceramic additives is expected to increase to comply with the industry requirements.
The changing consumer preferences and diversified demand for advanced ceramics additives products lead to drive the demand for ceramic additives. Along with this, advancement in the industry is also pushing the sales of ceramic additives.
In the ceramics industry, several manufacturers are focusing on the development of production technology and, adopting new & energy-saving processes, and improving the properties of ceramics products.
To achieve this, the manufacturer is focusing on the use of several ceramic additives to increase productivity, improves product quality, and reduces energy consumption & costs. Apart from this, regulations levied by the European Union under EU Directive 2005/31/EC and US Food and Drug Administration (FDA) regulates wherein limit on the usages of certain chemicals will hamper the growth of ceramic additives market size.
In terms of production and consumption, China alone accounts for the lion’s share of the Ceramic Additives market. This is mainly attributed to the significant growth of the construction sector, especially in the housing and commercial sectors. Along with this, abundant availability of raw materials, low cost of production, and lenient regulation on ceramics are a few factors that provide the impetus for the growth of the ceramic additives market.
Moreover, increasing the production capacity of ceramics coupled with the substantial growth of the chemicals industry in China is expected to stimulate the growth of the ceramic additives market over the forecast period. After China, India is a prominent market for ceramic additives owing to the significant growth of the construction sector.
Rising investment in the housing sector coupled with the growth of commercial sectors in India is likely to drive the demand for ceramic additives. Moreover, North America and Europe ceramic additives market is expected to register steady growth over the forecast period.
The key players of the Ceramic additives market are focusing on variety, price ranges and quality of additives. This fuels the sales of ceramic additives.
Key players in the ceramic additives market include BASF SE, DowDupont Inc, Sanyo Chemical Industries Ltd, Yahska Polymers Private Limited, Wollner GmbH & Co. KG, Bentonite Performance Minerals LLC and Lamberti S.p.A and Cerdec Corporation and Ceramic Additives Manufacturers.
| Report Attribute | Details |
| Growth Rate | CAGR of 4.8% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD Billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Additives Types, End Use, Region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | BASF SE, DowDupont Inc, Sanyo Chemical Industries Ltd, Yahska Polymers Private Limited, Wollner GmbH & Co. KG, Bentonite Performance Minerals LLC and Lamberti S.p.A and Cerdec Corporation and Ceramic Additives Manufacturers. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Asia Pacific is the biggest market in the ceramic additives market. The factors that lead to high growth through this region are increased use of it in multiple industries including construction industry and new manufacturing units opening up as these countries are building their infrastructure frequently. This leads to the high demand for ceramic additives in developed countries like China and India.
Key competitors holding substantial ceramic additives market share include BASF SE, DowDupont Inc, Sanyo Chemical Industries Ltd, Yahska Polymers Private Limited, Wollner GmbH & Co. KG, Bentonite Performance Minerals LLC and Lamberti S.p.A and Cerdec Corporation and Ceramic Additives Manufacturers.
Demand for Ceramic additives is likely to increase with the high demand from polishing and construction industry is driving the sales of ceramic additives.
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