Overview of 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 a value of US$ 2.1 Billion by 2028 exhibiting a CAGR of 5.73% during 2023-2028.
Glass ceramics represents polycrystalline materials produced via controlled crystallization of base glass and by heat-treating glasses to a lower energy. In terms of composition, they can be categorized into lithium-aluminum-silicate (LAS), magnesium-aluminum-silicon oxides (MAS), zinc-aluminum-silicon oxides (ZAS), and others. Glass ceramics exhibit excellent abrasion resistance and high mechanical strength and can withstand harsh conditions. They are even chemically inert and thermally stable as compared to their conventional counterparts and ensure efficient transfer of heat. Consequently, glass ceramics find extensive applications across numerous sectors, such as construction, electrical and electronics, healthcare, aerospace, optical, etc.
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Glass Ceramics Market Trends and Drivers:
The expanding construction activities across countries are among the key factors driving the glass ceramics market. In addition to this, the escalating product adoption in the manufacturing of semiconductor appliances and for producing antennas for mobiles and Wi-Fi applications is also positively influencing the global market. Besides this, the rising need for glass ceramics in several orthopedic applications, including spinal restoration in intervertebral spaces and the inflating investments in research and development (R&D) activities by leading players to innovate advanced bioactive glass ceramics for bone and musculoskeletal tissue engineering are acting as another significant growth-inducing factor.
Moreover, the shifting preferences toward glass-ceramics-based stoves, cooktops, bakeware, microwave, and fireplace door are further stimulating the market growth. Apart from this, the elevating product requirement from the aerospace, defense, and automotive to design high-end aircraft, vehicles, and missiles that are lightweight, offer faster speeds, and consume less fuel is expected to propel the glass ceramics market over the forecasted period.
Global Glass Ceramics Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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., etc.
The report segmented the market based on region, composition and application.
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 key regions covered in the market report are Asia Pacific, Europe, North America, Latin America, Middle East and Africa.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
