Glass Ceramics Market Size to Reach US$ 2.1 Billion by 2028

Industry Overview of Glass Ceramics Market
Glass ceramics refer to materials that result from heat-treating glasses to a crystallized state, possessing fine-grained polycrystalline structures. By combining the properties of glass and polycrystalline ceramics, these substances are created through the crystallization process of the reflector, resulting in a partially crystallized form with distinct amorphous and crystalline phases. Glass ceramics exhibit minimal expansion over a broad temperature range and effectively reduce noise. They also possess desirable characteristics, such as high mechanical strength, abrasion resistance, and the ability to withstand adverse conditions, including erosion, rain, and wind. In addition to this, glass ceramics offer various advantages, such as high strength, zero porosity, transparency, and chemical inertness, making them highly thermally stable and efficient at heat transfer compared to conventional alternatives.

How Big Is the Glass Ceramics Market?
The global glass ceramics market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.73% during 2023-2028.

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Global Industry Trends and Drivers:
The escalating product demand in the building and construction industry, owing to the expanding infrastructural development activities across the globe, is among the primary factors driving the glass ceramics market. Besides this, the elevating requirement for these materials in the manufacturing of semiconductor appliances and the production of antennas for mobile and Wi-Fi applications is further augmenting the market growth. Moreover, the growing popularity of glass ceramics in orthopedic activities, particularly for spinal restoration in intervertebral spaces, and the increasing sales of glass-ceramics-based cooktops, stoves, bakeware, microwave, and fireplace doors are also catalyzing the global market. Apart from this, the extensive product utilization in the aerospace and defense industries for manufacturing high-end aircraft and missiles is acting as another significant growth-inducing factor. Furthermore, the introduction of advanced bioactive materials for bone and musculoskeletal tissue engineering, the ongoing clinical trials in the medical industry, the emerging trend of urbanization and industrialization, the inflating disposable income levels, and continuous innovations in these derivatives are expected to bolster the glass ceramics market in the coming years.

Glass Ceramics Market Growth and Opportunities:
The glass ceramics market is expected to witness significant growth and presents various opportunities for market players. The increasing demand for glass ceramics in various end-use industries, such as healthcare, electronics, aerospace, and consumer goods, is a key driver for market expansion. Glass ceramics offer unique properties such as high strength, thermal stability, chemical resistance, and excellent aesthetics, making them suitable for a wide range of applications. One of the growth opportunities lies in the healthcare sector, where glass ceramics are used in dental restorations, orthopedic implants, and surgical instruments. The growing demand for advanced dental and medical procedures, coupled with the need for biocompatible materials, fuels the adoption of glass ceramics in the healthcare industry.

What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Composition Insights:
Lithium-Aluminium-Silicate (LAS)
Zinc-Aluminium-Silicon Oxides (ZAS)
Magnesium-Aluminium-Silicon Oxides (MAS)
Others

Application Insights:
Building and Construction
Electrical and Electronics
Healthcare
Aerospace
Optical
Others

Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:
AGC Inc., CoorsTek Inc., Corning Incorporated, Kyocera Corporation, Morgan Advanced Materials plc, Nippon Electric Glass Co. Ltd., Ohara Corporation, Schott AG, Wenzhou Kanger Crystallite Utensils Co. Ltd.

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This release was published on openPR.