IMARC Group, a leading market research company, has recently releases report titled “Glass Ceramics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global glass ceramics market size, share, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Glass Ceramics Market
Glass ceramics are a specialized material that combines the properties of both glass and ceramics. They are produced by controlled crystallization of certain glass compositions that offer unique characteristics, such as high mechanical strength, enhanced thermal resistance, and improved transparency. They are cost-effective, easy to clean, biocompatible, and chemical and corrosion resistant. They assist in enhancing durability while maintaining the aesthetic appeal of glass. As a result, glass ceramics are widely employed in electronics, healthcare, and aerospace industries across the globe.
How Big Is the Glass Ceramics Market?
The global glass ceramics market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.73% during 2023-2028.
Global Industry Trends and Drivers:
At present, the rising adoption of glass ceramics in the manufacturing of premium cookware, kitchenware, and tabletop products represents one of the primary factors supporting the growth of the market. Besides this, the increasing utilization of glass ceramics in various architectural applications, such as facades, flooring, and interior design elements, is strengthening the growth of the market. Moreover, the growing demand for glass ceramics as a substrate material for electronic components and circuitry is positively influencing the market. Apart from this, the increasing employment of glass ceramics for dental ceramics, prosthetics, and surgical implants due to its biocompatibility is offering lucrative growth opportunities to industry investors. Furthermore, key players are introducing glass ceramics that are recyclable and have a lower environmental impact as compared to traditional materials, which is bolstering the growth of the market.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Composition Insights:
- Lithium-Aluminium-Silicate (LAS)
- Zinc-Aluminium-Silicon Oxides (ZAS)
- Magnesium-Aluminium-Silicon Oxides (MAS)
- Others
Application Insights:
- Building and Construction
- Electrical and Electronics
- Healthcare
- Aerospace
- Optical
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
AGC Inc., CoorsTek Inc., Corning Incorporated, Kyocera Corporation, Morgan Advanced Materials plc, Nippon Electric Glass Co. Ltd., Ohara Corporation, Schott AG, Wenzhou Kanger Crystallite Utensils Co. Ltd.
