LAS Systems is Expected to be the Major Segment of the Global Glass-Ceramics Market :

Pune, India, February 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Glass-Ceramics Market.

Market Highlights

Global Glass-Ceramics Market was valued at USD 779,413.3 Thousand in 2018 and is projected to register a CAGR of 5.86% to reach USD 1,376,848.3 Thousand by the end of 2028. Glass-ceramics have a well-defined grain boundary due to the ordered crystalline structure, zero-porosity, and exhibit high impact and crack resistance.

Segmental Analysis

According to MRFR analysis, the global glass-ceramics market has been segmented based on type, application, and region.

Based on composition, the global market has been divided into LAS, ZAS, MAS, and others. The LAS system segment was valued at USD 396,615.3 thousand in 2018 due to its widespread use on account of its excellent properties.

Based on application, the global market has been divided into household appliances, building & construction, medical, and others. The household appliances segment accounted for the largest share in and is expected to register the highest CAGR of over 5% during the forecast period. The segment’s growth is attributed to the excellent aesthetic appeal, high thermal stability, low heat conduction coefficient, high strength, machinability, and ease in cleaning characteristics of glass-ceramics.

Regional Analysis

Geographically, the global glass-ceramics market has been divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. As per the analysis of MRFR, Asia-Pacific was the dominant regional market, accounting for a leading market share of over 38% in 2018. Moreover, the large presence of glass-ceramics manufacturers, distributors, and retailers coupled with high preference for innovative products are driving the demand for glass-ceramics in Europe. The European market held the second-largest share in the year 2018.

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Key Findings of the Study

  • The Global Glass-Ceramics Market reached USD 779,413.3 thousand in 2018 and is projected to reach USD 1,376,848.3 thousand by the end of 2028, at a CAGR of 5.86% during the forecast period.
  • Based on composition, the LAS segment held the largest share of the global glass-ceramics market of around 50.9% in 2018
  • On the basis of application, the household appliances segment is likely to register a CAGR of around 5.54% during the forecast period.
  • Asia-Pacific is likely to register a CAGR of over 6.5% during the review period.

Key Players

Market Research Future (MRFR) identifies the following companies as the Key Players in the Global Glass-Ceramics Market: Corning Incorporated (US), EuroKera (France), Nippon Electric Glass Co., Ltd. (Japan), ILVA Glass SpA (Italy), SCHOTT AG (Germany), Ohara Corporation (Japan), Elan Technology (US), Kanger Holdings (China), Huzhou Tahsiang Glass Products Co., Ltd (China), Jingniu Glass Ceramics Group Co., Ltd (China), Kedi Glass-Ceramic Industry Co., Ltd (China), and Far East Opto-Electronics Co., Ltd (China).