Published By : 29 Sep 2016 | Published By : QYRESEARCH
The global ceramic packing market has been exhibiting exponential growth since the last few years. The robust rise in the retail industry and the strong export and import scenario in emerging economies have propelled this market significantly across the world. Apart from this, the consistency that ceramic packing offers under severe conditions is also boosting its sales remarkably.
Extensive Demand for Ceramic Packing in China and India to Drive Asia Pacific Market
Asia Pacific has emerged as the leading market for ceramic packing across the world. The extensive demand for ceramic packing in China and India, thanks to the presence of a large pool of end-use industries, is driving this regional market significantly. Other prominent domestic markets for ceramic packing in Asia Pacific are Japan, Indonesia, the Republic of Korea, Malaysia, Australia, Hong Kong, Macau, and New Zealand.
The markets ceramic packing in Latin America and the Middle East and Africa are also anticipated to witness a healthy rise over the next few years on account of the growing investment to increase research and development activities in ceramic packing.
North America and Europe to Experience Moderate Growth
On the other hand, the markets for ceramic packing in North America and Europe, which already have attained maturation, will grow moderately in the coming years. Germany, France, and the U.K. are likely to surface as the key domestic markets in Europe, whereas, North America is projected to be led by the U.S.
The global market for ceramic packing demonstrates a highly fragmented landscape. Pingxiang Dier Chemical Packing Co. Ltd., Mitsui High-Tec Inc., Hitachi Chemical Co. Ltd., National Porcelain Hitech Manufacturing Co., Kyocera Chemical Co. Ltd., BASF SE, LG Chemical Ltd., Tanaka Holdings Co. Ltd., Les Poteries Malicornaises, and Henkel Ag & Co. are some of the key participants functioning in the market.