Ceramic Market In Usa

The market is witnessing increased mergers and acquisition activity as players are trying to expand their product portfolio by merging with local players.

Ceramic market in usa.

The global ceramic tiles market value in 2019 is estimated at us 97 bn and it is expected to reach us 228 bn by the end of 2029 growing at a cagr of 9 throughout the forecast period. The north america ceramic tiles market is projected to grow at a cagr of 6 50 in terms of revenue and 6 12 in terms of volume during the forecast period 2020 2028. A prominent share of this growth is anticipated to come from increasing construction activities in latin america and asia pacific regions. Consumption of ceramic tiles in thousands of square feet from 2009 to 2019.

The ceramic matrix composites market is projected to register a cagr of 9 5 in terms of value between 2019 and 2029 the ceramic matrix composites market size is estimated to be usd 9 4. Domestic sales of us tile dropped to 84 million sq m while imports rose to 205 million sq m 5 mainly from china spain and brazil. The global ceramics market size was valued at usd 133 20 billion in 2018 and is projected to reach usd 243 12 billion by 2026 exhibiting a cagr of 8 0 during the forecast period. Ceramics manufacturing in the us industry outlook 2020 2025 poll average industry growth 2020 2025.

Increasing government spending on infrastructure and rising construction activities around the world are the key drivers for the market. In that year mexico exported around 360 million square feet of ceramic tiles to the united. This statistic depicts the total u s. This statistic depicts the imports of ceramic tiles into the united states by major countries in 2019.

The factors boosting the market growth are the expanding infrastructure projects and flourishing architectural industry along with rising exports of designer tiles. The us ceramic tableware market is competitive and fragmented with the presence of players such as lifetime brands meyer newell brands lenox and the oneida group. The global ceramics market was valued at usd 229 13 billion in 2018 and is projected to grow at lucrative cagr of 8 6 from 2019 to 2025. In 2019 2 94 billion square feet of ceramic tile were consumed in the united states.