Advanced Ceramic Additives Market Share

North America Market Statistics

Regionally, the global advanced ceramic additives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. North America industry is anticipated to account for largest revenue share by 2036, impelled by higher investment in infrastructure in the region. Also, the region has a population with a high disposable income who are capable to spend more on interior decoration. Additionally, the expanding hospitability sector and rapid urbanization are also estimated to support the growth of the global market over the forecast period.

APAC Market Analysis

The market in the Asia Pacific region is expected to acquire a prominent share over the forecast period on account of the evolving construction sector. The governments of developing nations, such as India, Japan, and China, are focusing on infrastructural development. According to data published by the Press Information Bureau of India, government policies, such as, Swachh Bharat Abhiyan in India led to the construction of 10.9 crore household washrooms in rural areas by the end of 2021. This increased the demand for sanitary wares in the whole region. Moreover, it is estimated that in 2020, Asia was the largest consumer of ceramic tiles with net consumption of around 11 billion square meters. On the back of these factors, the global market is expected to grow exponentially over the forecast period.