Traditional Ceramics Market, Global Industry Growth Analysis, Recent Developments, Strategies, Market Impact, Segmentation, Size, Growth, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2028
Posted on: 2021-09-22 18:04:16
Global Traditional Ceramics Market: Overview
The global traditional ceramics market size was estimated at US$ XX Billion in 2020 and is projected to grow at a CAGR of XX% over the upcoming years. The key growth factors behind the growth of traditional ceramics market include the growing demand for traditional ceramics in the construction industry along with the increased industrial activities in the emerging countries. Furthermore, the emergence of new technologies along with the growing demand for traditional ceramics in the healthcare industry are some other key factors for the growth of the traditional ceramics market in the upcoming years.
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Global Traditional Ceramics Market: COVID-19 Impact
The COVID-19 pandemic had a huge impact across all the industries including logistics & supply chain, oil & gas, manufacturing, electronics, and others. The partial or full lockdown in the year 2020 and 2021 across numerous countries such as India, the U.S., the U.K., Germany, and others had further impacted the supply of raw materials and finished products across the globe. The demand for automotive parts has decreased during the COVID-19 period due to halt in the manufacturing industry as the demand for raw materials and finished good has been halted during the COVID-19 period. Therefore, the global traditional ceramics market is severely impaced by COVID-19.
Global Traditional Ceramics Market: Application Analysis
On the basis of application, the global traditional ceramics market is categorized into pottery, sanitary ware, tiles, abrasives, bricks & pipes, and others. The tiles category had a major share in 2020. This is mainly due to the increased demand for traditional ceramics tiles in residential as well as non-residential places across the globe. Besides, the sanitary ware category is estimated to witness the substantial growth in the upcoming years.
Global Traditional Ceramics Market: Regional Analysis
Based on the regions, the global traditional ceramics market is segmented into North America, Europe, Asia Pacific, Latin America (LATAM), and Middle East & Africa (MEA). Asia Pacific is estimated to witness fastest growth in the global traditional ceramics market during the forecast period. This is ascribed to the growing manufacturing industry in the region along with the rising demand for traditional ceramics in the building & construction industry in the region. Besides, North America and Europe is estimated to witness substantial growth during the forecast period.
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