Pune, May 15, 2023 (GLOBE NEWSWIRE) -- A global Material & Chemical research and business consulting firm, Maximize Market Research, has published a market intelligence report on the “Glass Ceramics Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Glass Ceramics Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects the market to grow from USD 1.58 Bn in 2022 to USD 2.39 Bn in 2029 at a CAGR of 6.1 percent.
Glass Ceramics Market Report Scope and Research Methodology
| Market Size in 2022 | USD 1.58 Bn. |
| Market Size in 2029 | USD 2.39 Bn. |
| CAGR | 6.1 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Material, End User, Application, Thickness and Color |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report provides a detailed analysis of the data through segments: material, end-user, application, thickness, and color and their multiple sub-segments. The bottom-up approach is used to estimate the size of the Glass Ceramics Market by value and volume. The report involves investment feasibility, growth drivers, opportunities, and competitive landscape in major geographic regions such as North America, Asia Pacific, Europe, the Middle East and Africa, and South America. The report analyses the Glass Ceramics Key Competitors through their market size and share, mergers and acquisitions and collaborations happening in the market. The report helps new and existing Glass Ceramics Market Key Players to develop their strategies based on competitive benchmarking included in the report. The data has been collected through primary and secondary research methods. Primary data were gathered from interviews with market leaders and opinions from senior research analysts. Whereas, secondary data were collected from annual reports from the organizations and public records. The Glass Ceramics Market data were later analyzed by SWOT analysis, PORTER’s five force model, and PESTLE analysis.
Glass Ceramics Market Overview
Glass-ceramics are materials with the properties of both the parent glass material and polycrystalline materials. Glass ceramic materials have the same chemical compositions as glasses but differ from them in that they are typically 95-98% crystalline by volume, with only a small percentage vitreous. The glass-ceramics possess some properties such as high strength, high impact resistance, good resistance to thermal shock, low coefficient of thermal expansion, and a range of optical properties, from translucent to opaque and sometimes opalescence.
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Glass Ceramics Market Dynamics
The growth in infrastructure development such as residential and commercial buildings is expected to drive the Glass Ceramics Market. The use of glass ceramic in the building construction provides strength, high impact resistance, low thermal expansion, and resistance to thermal shock. These factors are driving the popularity of Glass Ceramics Material. The end-user segments of the Glass Ceramic Market include solar collector panels, liquid crystal display screens, high-temperature lamp envelopes, and magnetic disk substances. Due to its high resistance to thermal shock, Glass Ceramic Materials are widely used in household utensils.
The glass-ceramics have a wide range of applications in the construction sector for windows, indoor partitions, skylights, and other decorative applications, which is expected to boost the Glass Ceramics Market. The continuous research and development in the Global Ceramics Market has been driving the Glass Ceramics Market. The high-production cost associated with the manufacturing of glass ceramics is expected to hinder the growth of the Glass Ceramics Market during the forecast period. The growing use of technologies in the production of Glass Ceramics Material and the growing use of glass ceramics in dental restorations are expected to create a lucrative opportunity for Glass ceramic Key Players.
Glass Ceramics Market Regional Insights
Asia Pacific is expected to hold the largest share of the Glass Ceramic Market throughout the forecast period. The increased population growth and infrastructure development in developing economies such as India and China are expected to boost the Glass Ceramics Market Growth. Glass ceramics are used in various medical applications, including dental restorations, orthopedic implants, and bone substitutes, and the growing demand for healthcare services is driving the demand for glass ceramics in the region. Also, the region’s governments are now implementing new and favorable regulations regarding the manufacturing of glass ceramics, which is propelling the growth of the Glass Ceramics Market.
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North America is the second-largest growing region in the global Glass Ceramics Market due to the growing demand for alternative and environmentally friendly products. The use of glass ceramics reduces energy consumption in residential and commercial areas due to its low thermal conductivity. The continuous technological advancements and the penetration of new market entrants are expected to propel the growth of the Glass Ceramic industry.
Glass Ceramics Market Segmentation
By Material:
- Lithium-aluminium-silicate
- Zinc-aluminium-silicon oxides
- Magnesium-aluminum-silicon oxides
The market is segmented by Lithium-aluminium-silicate, Zinc-aluminium-silicon oxides, and Magnesium-aluminium-silicon oxides. Lithium-aluminum-silicate segments held the largest Glass Ceramics Market share in 2022 and are expected to dominate the market over the forecast period. Increasing the use of lithium-based glass ceramics in household cookware is expected to boost the segment growth in the market. Glass–ceramic used in construction as the main crystalline phase.
By End-user:
- Building and Construction
- Electrical and Electronics
- Healthcare
- Aerospace
- Optical
- Industrial
By Application:
- Microwave
- Telescopic mirror
- Building Decoration Materials
- Cook tops
- Insulators
- Fireplace doors
- Engineering components
The market is segmented into Microwave, Telescopic mirrors, Building Decoration Materials, Cook tops, Insulators, Fireplace doors, and Engineering components. Cooktop and Building Decoration Materials dominated the market in 2022 and is expected to continue their dominance over the forecast period. Glass ceramic has domestic and architectural uses, which is used as wall coverings, pavement, and in the aesthetic application.
By Thickness:
- 3mm
- 3-4mm
- 4-5mm
- 5-8mm
- 8-10mm
- Above 10mm
By Color:
- Black
- White
- Special Colors
Glass Ceramics Key Competitors include:
- Kanger Glass-ceramic Co
- Kyocera Corporation
- Ohara Corporation
- Elan Technology
- Huzhou Tianshi Glass Products Co. Ltd
- EuroKera
- Jingniu Glass Ceramics Group Co., Ltd
- Ohara Corporation
- Ilva Glass spa
- Kanger Enterprise
- Corning Incorporated
- SCHOTT
- China Glass Ceramic Inc.
- Advanced Glass industries
- Ceramic Glass Ltd
- Guangzhou KAHO SPECIAL GLASS Co., Ltd
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Key questions answered in the Glass Ceramics Market are:
- What is the Glass Ceramics Market?
- What was the Glass Ceramics Market size in 2021?
- What is the expected Glass Ceramics Market size during the forecast period?
- What are the global trends in the Glass Ceramics Market?
- What are the major restraints for the Glass Ceramics Market?
- Which segment dominated the Glass Ceramics Market growth?
- What is the demand pattern for the Glass Ceramics Market?
- What growth strategies are the players considering to increase their presence in Glass Ceramics Market?
- What are the upcoming industry applications and trends for the Glass Ceramics Market?
- Who are the leading companies and what are their portfolios in Glass Ceramics Market?
- Which region dominates the largest market share in Glass Ceramics Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical
- Market Segmentation – A detailed analysis by Material, End User, Application, Thickness and Color
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:
Automotive Ceramics Market - The market size is expected to reach USD 3573.80 Mn by 2029 at a CAGR of 5.78 percent during the forecast period. The market is expected to be driven by increasing demand for automotive ceramics thanks to the low electrical and thermal conductivity.
Transparent Ceramics Market - The market size is expected to reach USD 1760.31 Mn by 2029 at a CAGR of 17.6 percent during the forecast period. The market is expected to be driven by the escalating demand from the optoelectronic segment.
Ceramics Market - The market size is expected to reach USD 314.71 Bn by 2029 at a CAGR of 8.13 percent during the forecast period. The market is expected to be driven by the increasing demand for ceramics from the automotive and medical Sectors.
Bio Ceramics Market - The market size is expected to reach USD 5.15 Bn by 2029 at a CAGR of 7.30 percent during the forecast period. The market is expected to be driven by rising awareness regarding dental care.
Optical Ceramics Market - The market size is expected to reach USD 542.06 Mn by 2029 at a CAGR of 12.4 percent during the forecast period. The market is expected to be driven by high use of optical ceramics in the aerospace, defense, & security industries.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include Material & Chemical, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
