ID: MRFR/CnM/7301-CR | 160 Pages | Author: Anshula Mandaokar | February 2020
Glass-Ceramics Market Overview
Glass-ceramics are a combination of both glass and polycrystalline ceramics. It is a polycrystalline solid material with controlled crystallization of glass. The wide growth of the building industry in different regions is propelling the demand of the Glass-Ceramics Market. It is less expensive than other materials; therefore, the end-users highly prefer it. It also helps a major role in noise reduction, aid in the reduction of noise and is used in industrial and commercial sectors. In the aviation industry, glass ceramics are used in high-end aircraft and missiles. Glass-ceramics can withstand harsh conditions which result from erosion and rain. Hence, it is highly valued in the aerospace industry due to its combination of properties such as abrasion resistance and high mechanical strength. These advantages are accelerating the Glass-Ceramics Market Size.
The growth factors are driving the market at the global level, such as the rise in the application of glass-ceramics for manufacturing household utensils such as cooktops, stoves, microwave and fireplace doors, cookware, and bakeware, among others. Increased demand for the product in the building and construction industry is the major driving factor of the Glass-Ceramics Market Revenue. Moreover, the higher investment in research and development and further clinical trials in the medical industry is helping the market value to grow with new opportunities.
The surge in antennas for mobiles and Wi-Fi applications in the electronics industry is likely to boost the demand for glass-ceramics. Glass ceramics are considered the best materials for semiconductor appliances due to their outstanding properties. These applications are fueling up the Glass-Ceramics Market Size. The increased rate of per-capita income, consumer purchasing rate, changes in lifestyles, and rising awareness are the crucial factors that are accelerating the adoption of glass-ceramics across the globe. The Glass-Ceramics Market Value has registered a value of USD 779,413.3 in 2018 and is expected to register a compound annual growth rate (CAGR) of 5.86 % and will reach USD 779.4 Million by 2030.
The Covid-19 pandemic has negatively impacted the Glass Ceramics Market With the industries. Due to lockdown and social distancing norms, major companies have suspended their operations in different locations. Post pandemic, the industry expects many requirements and demands due to the rapid urbanization and growing need for wise use of area present. The Glass-Ceramics Industry faced challenging situations due to the strict lockdown rules. The import and export and other transportation activities were stopped, and the raw material supply was halted, which hampered the Glass-Ceramics Market Growth. The manufacturers even faced an economic crisis due to revenue loss and the closure of industrial units. But the rising demand for glass-ceramics in different sectors will help the market reach its CAGR during the review period.
Chief Factors Existing In The Market
Key Market Drivers
The rise in growth from building and construction is driving the Glass-Ceramics Market globally. Building and construction sector is considered to remain the largest application for glass-ceramics in the forecast period. The higher rate of per-capita disposable income, growth of consumer purchasing rate, changes in lifestyles, and rising awareness are the crucial factors accelerating the rise in the adoption of glass-ceramics across the globe. These are acting as major drivers of the Glass-Ceramics Market.
The Glass-Ceramics Market faces different challenging factors while progressing, and the pandemic period was a bad fit for the market, which hampered its growth. Other challenging factors like the lack of raw material sources are trying to be the obstacle during the growth period.
The huge demand for glass-ceramics among the end-users is a wide opportunity for the market. The adoption of glass-ceramics in household utensils is fueling up the market.
The major market constraint is the high cost of energy because the high heating requirements in the manufacturing process of glass-ceramics is a restraining factor of the market, which is hampering its growth rate in the evaluation period.
Cumulative Evaluation Of The Market
The cumulative evaluation of the Glass-Ceramics Market shows the overall market’s performance. The chief factors of the market, such as the market drivers and the opportunities, are enhancing the market and driving its demand at the global level. The growth limiting factors like the challenges and restraints are hampering the Glass-Ceramics Market. The industrial player's strategies to help the market overcome the limiting factors and issues. Amid the COVID-19 effect, the Aircraft Battery Market Forecast will reach its CAGR successfully.
Global Glass-Ceramics Market, by Composition, 2018
Sources: MRFR Analysis
Market SegmentationThe Glass-Ceramics Market is classified into two major segments: composition and application, further divided into various types.
The composition section of the global market is categorized into LAS, ZAS, MAS, and others. The LAS segment is considered the largest shareholding region in past years due to its widespread usage and outstanding properties.
The application section of the global market is fragmented into household appliances, building and construction, medical, and others. The household appliances segment has captured the maximum share of the Glass-Ceramics Marketfor past years due to the greater demand for glass-ceramics-based kitchen items such as cooktops; induction stoves; and cookware, bakeware, and containers because of its excellent aesthetic look, thermal stability, low heat conduction, machinability, higher strength, and ease in cleaning characteristics. This segment is estimated to account for the highest CAGR of more than 5% during the forecast period.
Global Glass-Ceramics Market Share, by Region, 2018 (%)
Sources: MRFR Analysis
According to the regional status, the Global Glass-Ceramics Market is showing its growth in continents such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Among the above geographical regions, the Asia-Pacific has been the leading continent of the market since 2018. The major countries such as China, Japan, and India are noticing a higher demand for innovative household appliances and construction products due to the growth of high population, rise in per-capita disposable income, growing consumer ability to spend on innovative products, and growing industrialization & urbanization. The regional market of this region will register a strong CAGR during the forecast period.
Europe is accepted as the second dominating region and holds the second-highest share of the Glass-Ceramics Market Share in the past years. The value of the regional market was valued with a good growth rate. A prominent region like Germany holds the largest share due to the various consumer needs in the country with a large base of glass-ceramics manufacturers, retailers and distributors.
Competitive Intensity Within The Industry
The operation of the key players is fueling up the Glass-Ceramics Market. The partnerships and acquisitions among the players are driving at the global level. The recent developments of the players propel the worldwide growth of the market. Industrial developments are necessary to stabilize the market’s growth rate to make it reach its estimated value at the global level. The presence of prominent players in different regions is listed below.
Elan Technology (US)
Huzhou Tahsiang Glass Products Co., Ltd (China)
Jingniu Glass Ceramics Group Co., Ltd (China)
SCHOTT AG (Germany)
Ohara Corporation (Japan)
Kanger Holdings (China)
Kedi Glass-Ceramic Industry Co., Ltd (China)
Far East Opto-Electronics Co., Ltd (China)
Nippon Electric Glass Co., Ltd. (Japan)
Corning Incorporated (US)
ILVA Glass SpA (Italy)
Recent Market DevelopmentsNovember 2021- Snøhetta, a Norwegian studio, collaborated with the Italian manufacturer Fornace Brioni and Belgian designers Studio Plastique to manufacture tiles made of glass from waste ovens and microwaves.At present, the Common Sands project proposes the latest possible use for glass from used electronic goods, which is almost never recycled waste material, according to the project team.The Common Sands Forite tiles possess a nearly terrazzo-like melange of glass pieces, with colors including black, green, and gold mottling the translucent slabs.According to the architecture practice, the e-waste glass was an unused resource that should be recycled due to its low energy use and as sand scarcity is a rising global issue.November 2021- Titomic Limited has signed a non-binding agreement with a prominent US-based product development and technology company, Triton Systems, with over a decade of experience in additive manufacturing. Both the companies teamed up to build applications in the US market with Titomic's patented TKF cold spray manufacturing process (the "TKF Process").The contract offers Titomic one more entry to the US Defense, Energy, Automotive, Aerospace, and Homeland Security sectors via a developed and well-regarded local supplier of exclusively designed and performance-specified components. This signifies a substantial milestone in Triton's commitment to developing an essential competency in cold spray processing of multi-metallic structures to add to its product suite.
The overall report of the Glass-Ceramics Market shows the developmental growth of the market since past years, and it is predicted to reach its tremendous growth rate in the future years. The prominent role and effects of key market dynamics were stated in the report. The segmentation report shows the widespread application of various segments and their sub-segments, further diverse with its usages. The Glass-Ceramics Market covers the major regions across the world. The development of the market in the different regions was also stated with its driving factors—the recent and future developments of the Glass-Ceramics Market to further diversify its value in the upcoming years. Therefore, the Glass-Ceramics Market Valueis estimated to reach its expected CAGR value in the review period.
Key Industrial Segments
Building & Construction
Medical and others
|Market Size||2030: USD 779.4 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Composition, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||SCHOTT AG (Germany), EuroKera (France), Nippon Electric Glass Co., Ltd. (Japan), Corning Incorporated (US), ILVA Glass SpA (Italy), Ohara Corporation (Japan), Kanger Holdings (China), Kedi Glass-Ceramic Industry Co., Ltd (China), Elan Technology (US), Huzhou Tahsiang Glass Products Co., Ltd (China), Jingniu Glass Ceramics Group Co., Ltd (China), and Far East Opto-Electronics Co., Ltd (China)|
|Key Market Opportunities||The massive demand for glass-ceramics from the manufacturing of household utensils is the primary growth inducer of the market.|
|Key Market Drivers||The household appliances segment is slated to mature as the fastest-growing segment.|
The global glass ceramics market is touted to record a substantial market valuation of USD 1.3 million by 2028.
The global glass ceramics market is projected to register a moderate 5.85% CAGR in the forecast period.
The ceramic cooktops cover the heating elements and therefore don’t reveal the temperature of the cooktops for the users, this might lead to severe burns and emergencies. Additionally, the requirement of higher energy for the manufacturing processes is also impacting the overall growth of the Glass-ceramics industry.
• Electronics • Medical • Construction • Energy and power • Optical and industrial
• Saint Gobain • Nippon Electric Glass Co., Ltd. • Kedi Glass-Ceramic Industrial Co. Ltd. • Corning Inc. • Schott AG
• Radomes • Cookware • Bakeware • Cooktops • Telescopic mirrors • Insulators • Bioactive glass for biomaterials • Engineering components
Key Questions Answered
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