Press release
Global Glass Ceramics Market Expected to Reach USD 2.39 Bn by 2029, Driven by Increasing Demand and Technological Advancements. The market size was valued at USD 1.58 Bn in 2022, exhibiting a CAGR of 6.1 Percent during the forecast period (2023-2029).
Glass Ceramics Market
The glass ceramics market is witnessing several trends that shape its future. The demand for high-strength and lightweight glass ceramics is rising, particularly in the aerospace and automotive industries. Hybrid glass ceramics, which combine glass and ceramics properties, are gaining popularity in electronics, aerospace, and defense sectors. Self-healing glass ceramics, capable of repairing cracks and damage on their own, offer promising opportunities in healthcare, construction, and automotive industries. Moreover, the market is experiencing increased use of glass ceramics in energy-efficient products, such as cooktops and ovens, to improve thermal insulation and reduce energy consumption. Furthermore, customization of glass ceramic products to meet specific needs and preferences of customers is becoming a prominent trend, particularly in the construction and interior design sectors.
Key players in the glass ceramics market are adopting various strategies to maintain their market position. Expansion of product portfolios, mergers and acquisitions, geographical expansion, and collaborations are among the strategies employed by major players. Scott AG, for example, introduced its new glass ceramic material, NEXTREMA, which offers high-temperature stability and mechanical strength for industrial, automotive, and energy applications.
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Glass Ceramics Market Dynamics:
The demand for glass ceramics is being driven by various factors. Firstly, the construction industry's increasing demand for durable, high-strength materials has led to the widespread use of glass ceramics in building facades, flooring, and interior walls. Additionally, the rising demand for consumer electronics, such as smartphones and tablets, which require scratch resistance and high-temperature resistance, contributes to the growth of the glass ceramics market. Furthermore, the healthcare industry's need for glass ceramics in applications like dental restorations, orthopedic implants, and bone substitutes is also a significant driver for market growth.
However, the glass ceramics market faces certain challenges. The high production cost of glass ceramics due to complex manufacturing processes limits its adoption in some industries. Moreover, competition from alternative materials and limited availability of specific raw materials in certain regions hinder the market's potential growth. Environmental concerns related to the high energy consumption during the manufacturing process and the material's fragility in high-stress applications are also factors restraining market expansion.
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Glass Ceramics Market Regional Insights:
Geographically, the Asia Pacific region dominated the glass ceramics market in 2022 and is expected to continue its dominance throughout the forecast period. The region's booming construction industry, growing consumer electronics market, and expanding healthcare sector are driving the demand for glass ceramics. North America is also experiencing market growth due to the increasing demand for energy-efficient and sustainable products, where glass ceramics play a significant role.
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Glass Ceramics Market Segmentation:
By Material:
1.Lithium-aluminium-silicate
2.Zinc-aluminium-silicon oxides
3.Magnesium-aluminium-silicon oxides
By End-user:
1.Building and Construction
2.Electrical and Electronics
3.Healthcare
4.Aerospace
5.Optical
6.Industrial
By Application:
1.Microwave
2.Telescopic mirror
3.Building Decoration Materials
4.Cook tops
5.Insulators
6.Fireplace doors
7.Engineering components
By Thickness:
1.3mm
2.3-4mm
3.4-5mm
4.5-8mm
5.8-10mm
6.Above 10mm
By Color:
1.Black
2.White
3.Special Colors
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Glass Ceramics Market Key Competitors include:
1.Kanger Glass-ceramic Co
2.Kyocera Corporation
3.Ohara Corporation
4.Elan Technology
5. Huzhou Tianshi Glass Products Co. Ltd
6.EuroKera
7.Jingniu Glass Ceramics Group Co., Ltd
8.Ohara Corporation
9. Ilva Glass spa
10.Kanger Enterprise
11.Corning Incorporated
12. SCHOTT
13. China Glass Ceramic Inc.
14. Advanced Glass industries
15. Ceramic Glass Ltd
16. Guangzhou KAHO SPECIAL GLASS Co., Ltd
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Table of Content for Glass Ceramics Market
1. Global Glass Ceramics Market: Research Methodology
2. Global Glass Ceramics Market: Executive Summary
• Market Overview and Definitions
• Introduction to Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Glass Ceramics Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Glass Ceramics Market Segmentation
• Global Market, by Material (2021-2029)
• Global Market, by End-user (2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by Thickness (2021-2029)
• Global Market, by Color (2021-2029)
5. Regional Glass Ceramics Market (2021-2029)
• Regional Market, by Material (2021-2029)
• Regional Market, by End-user (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Thickness (2021-2029)
• Regional Market, by Color (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Material, End-user, Application, Thickness and Color
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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