Glass Ceramics Market Report

Market Insights

The glass ceramics market was estimated at US$ 1.3 billion in 2021 and is expected to grow at a CAGR of 5.5% during 2022-2028 to reach US$ 1.8 billion by 2028.

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Market Drivers:

The glass ceramics market is a growing industry that is driven by increasing demand from various end-use sectors such as electronics, construction, healthcare, and automotive. Glass ceramics are a type of advanced material that exhibit the properties of both glass and ceramics, making them ideal for a wide range of applications. The market for glass ceramics is expected to grow significantly in the coming years, driven by factors such as the increasing demand for advanced materials with superior properties, the growing use of glass ceramics in the healthcare industry, and the increasing demand for glass ceramics in the electronics industry.

The glass ceramics market is a growing industry that is expected to witness significant growth in the coming years, driven by increasing demand from various end-use sectors, new product development, and technological advancements.

COVID-19 Impact:

The COVID-19 pandemic has had a significant impact on the global glass ceramics market, primarily due to disruptions in supply chains and reduced demand. Here are some specific ways in which COVID-19 has affected the glass ceramics market. The pandemic has resulted in reduced demand for glass ceramics products due to the economic downturn caused by lockdowns and restrictions. With many businesses closed and people staying at home, there has been a decrease in construction activities and overall demand for household goods and appliances that use glass ceramics.

The glass ceramics industry relies on a global supply chain for raw materials and manufacturing equipment. The pandemic has disrupted this supply chain, causing delays and shortages in the production and delivery of glass ceramics products.The pandemic has changed consumer behaviour, with people being more health-conscious and looking for products that are easy to clean and sanitize.

This has increased the demand for glass ceramics products that have antibacterial and antimicrobial properties. Physical stores closed or operating at reduced capacity, there has been a shift to online sales. This has resulted in an increase in e-commerce sales of glass ceramics products, as consumers are looking for easy and convenient ways to purchase goods from the safety of their homes.

Overall, the glass ceramics market has been negatively impacted by the COVID-19 pandemic, but some segments of the market, such as products with antibacterial properties and those sold through e-commerce, have seen growth. The market is expected to recover as the pandemic subsides and economic activity resumes.

Key Players

Some of the key players in the glass ceramics market include:

• AGC
• CoorsTek Inc
• Corning Inc
• EuroKera
• Ferro
• Kanger Glass-ceramic Co., Ltd
• Kedi Glass-Ceramic Industrial Co. Ltd
• Kyocera Corporation
• Morgan Advanced Materials plc
• Nippon Electric Glass Co., Ltd
• Ohara Corporation
• Saint Gobain
• Schott AG

Segment Analysis

Composition Type

The market is segmented into Lithium-Aluminium-Silicate (LAS), Zinc-Aluminium-Silicon Oxides (ZAS), Magnesium-Aluminium-Silicon Oxides (MAS), and Others. The glass ceramics market can be segmented based on the composition of the materials used to produce the glass ceramics products. Here are the major segments in the glass ceramics market based on composition.

LAS-based glass ceramics are known for their excellent thermal shock resistance, high strength, and low coefficient of thermal expansion. They are used in a variety of applications, including cookware, glass-ceramic cooktops, and dental materials. Other compositions of glass ceramics include lithium-magnesium-aluminosilicates, calcium-magnesium-aluminosilicates, and titanium-silicon-oxide glass ceramics.

These glass ceramics have unique properties that make them suitable for a variety of applications. Each segment in the glass ceramics market has its unique set of applications and properties that make it suitable for specific industries. Companies that specialize in glass ceramics often focus on one or more of these segments to cater to specific customer needs. Understanding these segments can help investors identify investment opportunities in the glass ceramics market.

Application Type

The market is segmented into Building & Construction, Electrical & Electronics, Healthcare, Aerospace, Optical, and Others. The glass ceramics market can also be segmented based on the application of the products. Glass ceramics are widely used in the building and construction industry for their properties of high strength, durability, and resistance to thermal shock.

They are used in applications such as cooktops, fireplaces, and architectural panels. Glass ceramics are also used in electrical and electronic applications for their excellent electrical insulation properties and high temperature resistance. They are used in applications such as substrates for electronic components, insulators, and circuit breakers. Other applications of glass ceramics include cookware, automotive components, and industrial machinery.

Each application segment in the glass ceramics market has its unique set of properties that make it suitable for specific industries. Companies that specialize in glass ceramics often focus on one or more of these application segments to cater to specific customer needs. Understanding these segments can help investors identify investment opportunities in the glass ceramics market.

Regional Analysis

The global glass ceramics market can be segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

• North America: The glass ceramics market in North America is driven by the construction, electronics, and healthcare industries. The United States is the largest market for glass ceramics in the region, followed by Canada and Mexico.
• Europe: The glass ceramics market in Europe is driven by the construction and automotive industries. Germany, France, and the United Kingdom are the largest markets for glass ceramics in the region.
• Asia-Pacific: The glass ceramics market in Asia-Pacific is driven by the growing construction and electronics industries in countries such as China, Japan, and India. The region is the largest market for glass ceramics globally.
• Middle East & Africa: The glass ceramics market in the Middle East & Africa is driven by the construction and healthcare industries. The United Arab Emirates, Saudi Arabia, and South Africa are the largest markets for glass ceramics in the region.
• South America: The glass ceramics market in South America is driven by the construction and automotive industries. Brazil and Argentina are the largest markets for glass ceramics in the region.

Each region in the glass ceramics market has its unique set of drivers and challenges. Companies operating in the glass ceramics market often focus on specific regions to cater to specific customer needs. Understanding regional dynamics can help investors identify investment opportunities in the glass ceramics market.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com