Global Glass Ceramics Market Report, Industry Analysis and Forecast to 2029

Glass Ceramics Market is estimated to reach $2.53 billion by 2030, growing at a CAGR of 6.5% from 2023-2030.Glass ceramics refer to polycrystalline materials that are made by crystallizing base glass under regulated conditions. Glass ceramics carry heat and more efficiently than regular glasses and are stronger at greater temperature. They are partially crystallized glasses with a crystalline and an amorphous glass plane.

Factors propelling the growth of the glass ceramic market are the upsurge in use of glass ceramics in the production of household goods and the rise in demand for products used in the building & construction industries. However, high energy costs due to augmented heating requirements during the glass-ceramic manufacturing process are predictable to hinder the growth of the glass ceramic market during the forecast period.

Market Snapshot: 

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Glass CeramicsMarket - Report Coverage:

The “Glass CeramicsMarket Report - Forecast (2023-2030)” by Marketlook Consulting, covers an in-depth analysis of the following segments in the Glass Ceramics  Market.

COVID-19 / Ukraine Crisis - Impact Analysis:  

• The pandemic has led to a slowdown in economic activity, disrupted supply chains, and reduced demand for glass ceramic products, particularly in the construction and automotive industries.The construction industry, which is a major end-user of glass ceramic products, has been impacted by the pandemic as many construction projects have been delayed or put on hold due to labor shortages and supply chain disruptions.
• However, the pandemic has also paved way for new opportunities for the glass ceramic market. The healthcare industry, which has seen an upsurge in demand due to the pandemic, requires high-quality glass ceramic materials for a range of applications, including medical devices, laboratory equipment, and pharmaceutical packaging. This has led to increased demand for glass ceramic products in the healthcare sector.
• The ongoing crisis between Russia and Ukraine has the potential to impact the global glass ceramic market in a number of ways. Russia is one of the world's largest producers of raw materials used in the production of glass ceramic products, such as feldspar and quartz. The crisis could lead to disruptions in the supply of these raw materials, which would affect the production of glass ceramic products worldwide. Besides, Ukraine is a major exporter of glass ceramic products, including building materials and tableware, to various countries. The crisis could disrupt these exports and cause shortages of glass ceramic products in certain markets.

Key Takeaways:

Asia Pacific Region Witnessing a High Demand

Geographically, in the global Glass Ceramicsmarketshare, Asia Pacific is analyzed to grow with the highest CAGR of XX% during the forecast period 2023-2030. Asia Pacific is anticipated to dominate the market for Glass Ceramics due attributable to rising demand for glass ceramic materials due to rapid growth of optics and optoelectronics industry, construction and manufacturing industry, and aerospace manufacturing industry. Snowballing investment to accelerate research of glass ceramics in countries such as China and India, presence of major glass ceramic manufacturers, and rising use of glass ceramics in electronics manufacturing processes are some other factors anticipated to drive market revenue growth in the region.

Building and Construction Segment to Register the Fastest Growth

In the Glass CeramicsMarketanalysis, based on the application type the sugarcane yield segment is estimated to grow with the highest CAGR of XX% during the forecast period. The continuous use of glass ceramics in construction activities due to their attributes such as environmentally stable, economical in terms of maintenance costs, greater density, strength, and robust resistance to chemicals and frost. Glass ceramics can be used as pavements, wall-coatings, or in various decorative applications and have several domestic and architectonic applications.

Lithium Aluminum Silicate (LAM) Segment is Driving the Market Growth

to its widespread use on account of its outstanding set of properties. The continuous research and development in this field has led to achieving better efficiencies. LAM is significantly used in are commonly used in residential products, including higher performance reflectors for digital projectors and glass-ceramic cooktops, cookware, and bakeware. Owing to the increased mechanical strength and low thermal expansion, these products are widely used.

High Energy Cost May Hamper the Market Growth

While there are several drivers the market also faces some challenges as well. High energy costs due to amplified heating requirements during the glass-ceramic manufacturing process are expected to hinder the growth of the glass ceramic market during the forecast period. 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.

Glass Ceramics  Market Share (%) By Region, 2022

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Glass Ceramics  Market. The top 10 companies in this industry are listed below:

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.

Scope of Report: