ASEAN Ceramics Market to Witness Commendable Growth Worth $69.08 Billion By 2025

ASEAN Ceramics Market to Witness Commendable
Growth Worth $69.08 Billion By 2025
“The ASEAN ceramics market size is projected to value at USD 69.08 billion by 2025,
according to a new report published by Million Insights, at a CAGR of 8.2% from 2017 to
2025. "
The ASEAN ceramics market size is projected to value at USD 69.08 billion by 2025, according to a new report published
by Million Insights, at a CAGR of 8.2% from 2017 to 2025. The emerging construction industry and the increasing
government expenditure on infrastructural development are poised to positively impact market growth in the upcoming
years. The growing demand for ceramic tiles in offices, restaurants, resorts, and malls is projected to stimulate product
demand growth in the coming eight years.
The product category of ceramics has been bifurcated into traditional and advance ceramics wherein, the traditional
segment is emerging due to its increasing use in the manufacturing of tableware, porcelain tiles, and clay bricks. The
advance segment is poised to grow during the projected years primarily due to their ability to work under severe
conditions. These materials showcase a higher level of industrial efficiency which has led to the rising product demand
from different industries including automotive, cutting tools, defense, and heavy machinery.
Ceramic tiles held the largest application segment with a share of 25.5% based on revenue in 2016. The number of
construction contracts is rising due to the demand for the renovation of the existing buildings and residential
infrastructure, especially in developing countries like Malaysia and Indonesia thus contributing to the regional market
growth.
Further key findings from the report suggest:
• The ASEAN ceramics market was worth USD 33.98 billion in 2016 and is poised to register a CAGR of 8.2% over the
forecast period. The growth can be attributed to the rising demand for the products in construction, industrial, and
housing applications.
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• The medical division is expected to observe the fastest growth based on revenue with a CAGR of above 8.5% from
2017 to 2025 due to the rising use of ceramics in the medical industry for orthopedic functions.
• The traditional segment held the leading share in 2016 and is expected to register a CAGR of around 8 % over the
forecast period. The advance segment is predicted to observe higher growth due to the rising applications of highperformance
applications.
• Indonesia is expected to witness considerable growth in the next eight years due to substantial growth in the housing
& construction and medical industries. The region is expected to register a CAGR of 10.5% based on revenue over the
forecast years.
• Acquisitions held the highest share among various strategic initiatives adopted by players in the ASEAN ceramics
industry. For example, Saint-Gobain, in July 2017, acquired Kirkson Industrial Reinforcements GmbH, aiming at the
consolidation of their position in the high-performance segment for the housing & construction vertical.
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Million Insights has segmented the ASEAN ceramics market on the basis of product, application, end use, and region:
ASEAN Ceramics Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)
• Traditional
• Advanced
ASEAN Ceramics Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)
• Sanitary ware
• Table & ornamental ware
• Abrasives
• Bricks, roof tiles and pipes
• Refractories
• Ceramic tiles
• Decorative ceramic tiles
• Packaging
• Fine art ceramics
• Others
ASEAN Ceramics End Use Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)
• Housing & construction
• Industrial
• Medical
• Others
ASEAN Ceramics Country Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)
• Indonesia
• Malaysia
• Singapore

• Thailand
• Vietnam
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