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Glass Ceramics Market is predicted to reach USD 85.27 Billion at a CAGR of 5.90% during the forecast period

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


Market Research Future (MRFR) has published a cooked research report on the “Global Glass Ceramics Market” that contains information from 2022 to 2032. The Global Glass Ceramics Market is estimated to register a CAGR of 5.90% during the forecast period of 2022 to 2032.


MRFR recognizes the following companies as the key players in the Global Glass Ceramics Market SCHOTT AG, EuroKera, Nippon Electric Glass Co., Ltd., Corning Incorporated, ILVA Glass SpA , Ohara Corporation, Kanger Holdings, Kedi Glass-Ceramic Industry Co., Ltd, Elan Technology, and Huzhou Tahsiang Glass Products Co., Ltd.


Glass Ceramics Market Highlights


The Global Glass Ceramics Market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 85.27 Billion by 2032.


Glass ceramics are a unique class of materials that combine the properties of both glass and ceramics. They are produced by controlled crystallization of certain glass compositions, resulting in a material with a fine microstructure of crystalline phases embedded within a glassy matrix. This combination of glassy and crystalline phases imparts glass ceramics with a range of desirable properties, including high strength, excellent thermal resistance, low thermal expansion, and optical transparency. Glass ceramics offer superior properties compared to traditional materials like metals and conventional glasses. Their high strength, thermal shock resistance, and low coefficient of thermal expansion make them suitable for various applications in different industries. The rise in demand for electronic devices and the need for high-performance materials in the electronics industry have driven the adoption of glass ceramics in components such as substrates, capacitors, and sensors.


Segment Analysis


The Global Glass Ceramics Market has been segmented based on Composition, and Application.


Based on Composition, the market is segmented into LAS, MAS, ZAS and Others. LAS-based glass ceramics have dominated the market. These glass ceramics exhibit remarkable properties such as high strength, low coefficient of thermal expansion, and excellent thermal shock resistance. Due to these advantageous characteristics, LAS-based glass ceramics find widespread applications in various industries, including cookware, glass-ceramic cooktops, and dental materials.


Based on Application, the Market has been segmented Household, Appliances, Building & Construction, Medical and Others. The building & construction category generated the most income due to the growing usage of glass ceramics in construction projects, which is attributable to their qualities as environmentally stable materials with low maintenance costs, materials with higher density and strength, and materials with strong resistance to chemicals and frost.


Regional Analysis


The Global Glass Ceramics Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Glass Ceramics Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Glass Ceramics Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Glass Ceramics Market comprises of Middle East, Africa, and Latin America.


The Asia-Pacific glass ceramics market is poised to dominate this industry due to several factors. The region's rapid expansion in construction and manufacturing, aerospace manufacturing, and optics and optoelectronics industries are driving the demand for glass ceramics.


The Europe glass ceramics market holds the second-largest market share, driven by the growth in building and construction activities across commercial, residential, and industrial sectors in the region. Additionally, the automotive industry's demand for glass ceramics further contributes to the market's expansion. Germany, France, and the UK are the three major markets for glass ceramics in Europe, with Germany leading in market share and the UK experiencing the fastest growth.


The North America glass ceramics market is anticipated to grow at the fastest CAGR from 2023 to 2032. This growth can be attributed to the expansion of the industrial and construction industries, advancements in nano-phase ceramics, increasing urbanization trends, and the rising preference for durable and cost-effective housing solutions incorporating glass ceramics.


Key Findings of the Study



  • The Global Glass Ceramics Market is expected to reach USD 85.27 Billion by 2032, at a CAGR of 5.90% during the forecast period.

  • The US market holds the largest market share in North America, while the Canadian market is witnessing rapid growth.

  • Based on Application, the Market has been segmented into Household holding the largest market in 2022.

  • SCHOTT AG, EuroKera, Nippon Electric Glass Co., Ltd., Corning Incorporated, ILVA Glass SpA , Ohara Corporation, Kanger Holdings, Kedi Glass-Ceramic Industry Co., Ltd, Elan Technology, and Huzhou Tahsiang Glass Products Co., Ltd.


Get Full Information About This Report: Glass-Ceramics Market Report

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Report details
Base Year 2020
Companies Covered 15
Pages 160
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
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