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(MoneyNewsWire.Net, June 04, 2015 ) The global ceramics market was valued at US$296.2 billion and is expected to reach US$502.8 billion by 2020. The report analyzes the global optical transceivers market in terms of sales for the forecasted period, rate of expansion, innovative technologies, and key players who are changing the face of this market.
Ceramics are being used in every building place, which makes it an intrinsic part of construction industry. The global ceramics market is likely to experience massive growth in the coming years due to several reasons. Some of the key growth factors encouraging the growth of global ceramics market are rising construction activity in both, residential and commercial sectors. The rise of disposable income, growing employment opportunities, increasing reconstruction activities, and ever-growing population are also contributing to the demand for ceramics in various housing projects across the globe.
Browse report with table of contents at: http://www.researchmoz.us/ceramics-market-shares-strategies-and-forecasts-worldwide-2014-to-2020-report.html
The global ceramics market has been segmented on the basis of products, their applications, and geography. The product segment is inclusive of floor tiles, roof tiles, ornamental tiles, technical tiles, refractory tiles, and such other tiles that are used for aesthetic reasons. The application segment includes residential replacement, sanitary pottery, ceramic insulation, commercial, new residential, and others such as facades and countertops. On the basis of geography, the global ceramics market has been fragmented into North America, Europe, Asia-Pacific, and the rest of the world.
Despite the strong market drivers, the global ceramics market faces some tough challenges such as fluctuating prices and availability of raw materials and strict environmental laws. The tile manufacturing process requires extremely high temperatures within the range of 2000-25000 C. This temperature is achieved only with usage of large quantities of fuel, which leads to unfortunate emission of CO2 in the atmosphere. Thus, growth of global ceramics market is being tugged at the other end by the environmentalists. To turn this weakness into an opportunity, companies are making heavy investments in environment-friendly manufacturing processes.
The other challenges faced by the global ceramics market are new entrants, cheaper products being imported from emerging economies, and the cut-throat competition from innovating players. The competition is getting stiffer especially in the sub-sectors such as tableware.
comparative low-cost ceramics products being imported from emerging economies is a sign that in some sectors, particularly in the ceramic tableware sub-sector, the local competitive advantage on the basis of cost is diminishing.
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