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Glass Ceramics Market and its Future Outlook during the Period of 2022 - 2029
Glass Ceramics Market
Development of Nano-phase ceramics is also an aiding factor for the market growth. Nanophase materials, with their grain sizes or phase dimensions in the nanometer size regime, are now being produced by a wide variety of synthesis and processing methods.
In addition, ongoing R&D and clinical research on the integration of glass ceramics into the medical industry is expected to create favorable growth opportunities for players in the glass ceramic market during the forecast period.
According to Marketlook Consulting's research report "Global Glass Ceramics Market Analysis, 2022", the Global Glass Ceramics market is anticipated to grow at a CAGR of 6.5% during 2023-30 The market would reach USD 2.53 Billion by 2030.
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Based on material, Lithium-aluminum-silicate (LAM) holds a significant market share in 2022 and the segment is anticipated to lead the market in future as well. LAS material is considered to be mechanically strong and ability to sustain repeated and quick temperature changes up to 800-1000 °C. Thus, this factor drives the segment's growth. However, the magnesium-aluminum-silicon oxides (MAS) segment is estimated to manifest the fastest CAGR grwoth, owing to increase in R&D activities in the sector.
Based on end use industry, the cookware segment grabbed an ample share in the Glass Ceramics market in 2022 and the segment is showcasing exponential growth in the last few years. Glass, clay ceramic, and stoneware cookware are grouped together because they have similar cooking and handling characteristics. When ceramic is used for cookware, and sometimes in a form of porcelain. Ceramic holds heat very well so lower temperatures are recommended. Some forms of ceramic cookware are glazed giving it a nearly non-stick surface. These factors propel the segment's growth.
"Global Glass Ceramics Market Analysis, 2022" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Glass Ceramics providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
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Asia Pacific Dominated the Market
Based on Leading regions, Asia Pacific dominated the global Glass Ceramics market in 2022 and is projected to maintain its dominance during the forecasted period 2023-30 due to the Geographical analysis is an essential component of the report's research and development study for market analysis. The regional extent section contains crucial insights into market sales growth at both regional and country levels. This market scope's geographical spectrum analyses and investigates each regional spectrum of the Glass Ceramics Market industry. Each of these major regions is analyzed based on manufacturing, supply, statistics, and import & export. Furthermore, Euro the rising adoption of energy-efficient construction materials, the increasing demand for high-performance electronics and appliances, and the growing trend of using advanced materials in the healthcare industry, which further adds to the growth of this region in the global Glass Ceramics industry as stated in Marketlook Consulting research report "Global Glass Ceramics Market Analysis, 2022".
According to Marketlook Consulting', the key players with a considerable market share in the global Glass Ceramics market are AGC Inc., CoorsTek Inc., Corning Incorporated, Dongguan Hongtai Glass Co. Ltd, Jingniu Glass Ceramics Group Co. Ltd, Kanger Glass-ceramic Co. Ltd, KEDI Glass-ceramic Industrial Co. Ltd, Morgan Advanced Materials PLC, Nippon Electric Glass Co. Ltd, Ohara Corporation, Saint-Gobain, SCHOTT AG apart from others.
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Market Segmentation:
1. By Material • Lithium-aluminium-silicate (LAS), Zinc-aluminium-silicon oxides (ZAS), Magnesium-aluminium-silicon oxides (MAS), Others
2. By End Use Industry Electronics, Healthcare, Housing & Construction, Energy & Power, Aerospace, Optical, Industrial, Others
3. By Region North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
4. By Company AGC Inc., CoorsTek Inc., Corning Incorporated, Dongguan Hongtai Glass Co. Ltd, Jingniu Glass Ceramics Group Co. Ltd, Kanger Glass-ceramic Co. Ltd, KEDI Glass-ceramic Industrial Co. Ltd, Morgan Advanced Materials PLC, Nippon Electric Glass Co. Ltd, Ohara Corporation, Saint-Gobain, SCHOTT AG apart from others.
Key questions answered in the study:
1. What are the current and future trends of the Glass Ceramics industry?
2. How the industry has been evolving in terms of consumer type demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Glass Ceramics industry?
5. What is the customer orientation, purchase behaviour, and expectations from the Glass Ceramics firms across various regions?
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Marketlook Consulting is a world market intelligence and consulting firm that aims to offer business insights and market research reports to large as well as small & medium scale enterprises (SMEs). The company helps its clients to design business strategies and policies and accomplish sustainable growth in their relevant market area.
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