Global Glass Ceramics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Glass Ceramics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global Glass Ceramics market report has been segmented on the basis of product type, voltage range, rated strength, current, application, and region.
Global Glass Ceramics Market: Overview
Glass-ceramics can be either consist of one or more glass phases, or one or more crystalline phases, which can be manufactured by controlled crystallization of base glass. Glass ceramics can possess properties of both glasses and those of polycrystalline materials. It can be used for numerous applications such as glass-ceramic for cooktop, stoves, microwave, fireplaces door, telescope mirrors etc., for its excellent characteristics such as high strength, zero porosity, toughness, opacity, low thermal expansion, pigmentation, high chemical durability, high temperature stability, machinability, fluorescence, ferromagnetism, biocompatibility, superconductivity, high resistivity and break-down voltage. In additions, these materials are used expansively in the commercial and industrial sectors as it helps in reducing sound and comparatively less expensive.
Global Glass Ceramics Market: Dynamics
The global market is mainly driven by the enormous usage of glass ceramic in the housing and construction sector. Increasing construction activities in various developing economies for numerous uses such as glass doors, glazing systems, curtain walls, shower cubicles, partitions in architectural exterior as well as interiors, along with rising purchasing power of the people are expected to drive the global market. Additionally, product developments and innovations such as technological advancement, low cost, etc. are one of the major factors which are expected to drive the global market. On the other hand, the high cost of energy associated with the manufacturing of glass ceramic can be considered as a restraint of the global market.
Global Glass Ceramics Market: Segment Analysis
Among product type segments, the cookware, bakeware and cooktops segment is projected to witness a significant growth rate over the forecast period, owing to the increasing demand for the target product in housing sector over the forecast period.
The housing segment, followed by construction segment are the largest consumers of glass ceramics and is anticipated to grow at a substantial CAGR during the forecast period. The raw materials that are used for manufacturing glass ceramic from a variety of sources and are easily available. Furthermore, the most common products are ceramic abrasives and ceramic tiles, both of them are broadly used by the construction industry for exterior and interior applications. This is the reason which is expected to support the target product demand in the construction industry.
Global Glass Ceramics Market: Regional Analysis
The market in the Asia Pacific is expected to register a significant rate of growth over the forecast period, followed by the Middle East & Africa market and North America market. This is attributable to increasing activities of building and construction in commercial, residential, and industrial sectors in various aforesaid regions. In addition, the market in the Middle East & Africa region is estimated to witness high growth in the near future. The government in the region, especially economies such as Saudi Arabia and the UAE, are focusing on the construction of multistoried hotels, skyscrapers, and hospitals in order to enhance the tourism and standards of living of citizens, which will fuel the growth of the regional market. On the other hand, mature markets such as North America market and Europe market are expected to witness sluggish rate of growth during the forecast period.
Global Glass Ceramics Market Segmentation:
Segmentation by Product type:
- Cookware, bakeware and cooktops
- Telescopic mirrors
- Bioactive glass
- Fireplace doors
- Engineering components
Segmentation by End-use Industry:
- Electrical & Electronics
- Energy & Power
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- SCHOTT AG
- Corning Incorporated
- Nippon Electric Glass
- ILVA Glass SpA
- Ohara Corporation
- Kanger Glass-ceramic Co., Ltd.,
- Huzhou Tahsiang
- Kedi Glass-Ceramic Industry Co., Ltd,
- Peninsula Glass Co.
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