Glass Ceramics Market Size (2024 - 2029)

The glass ceramics market is experiencing growth, driven primarily by the building and construction sector, which remains the largest application area. Despite a temporary slowdown due to COVID-19, the market has rebounded as the industry recovered. The increasing use of ceramics in electronics manufacturing presents future opportunities, while the aerospace industry's demand for lightweight materials for thermal protection and enhanced performance is a significant trend influencing the market size.

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Market Size of Glass Ceramics Industry

Glass Ceramics Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Glass Ceramics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Glass Ceramics Market Analysis

The market for glass ceramics is anticipated to register a CAGR of over 6% during the forecast period. Increasing demand from the building and construction sector is driving the market globally.

  • The building and construction sector is expected to remain the largest application base for glass ceramics over the forecast period.
  • Due to COVID-19, there was a slowdown in the building and construction industry in 2020 due to certain rules and regulations being imposed by countries. However, the industry witnessed a recovery in 2021, thus reviving the demand in the market studied.
  • The increasing adoption of ceramics in electronics manufacturing processes is projected to act as an opportunity for the market in the future.
  • Glass-based ceramics have a wide range of use in the aerospace industry as they are light in weight than metals and enable faster speeds and lesser fuel consumption for space vehicles. Thermal protection shield is also an application of glass ceramics in the aerospace industry. This application is considered one of the key trends in the glass ceramics market.

Glass Ceramics Industry Segmentation

Glass ceramics are composed through the crystallization of base glass. They compose properties of both glasses and ceramics. Glass ceramics possess high strength, zero porosity, translucency, and low thermal expansion, which help them achieve high thermal stability. They have an added advantage in kitchen appliances like cooktops. The glass ceramics market is segmented by material, application, and geography. By material, the market is segmented into lithium, magnesium, and zinc. By application, the market is segmented into building and construction, electrical and electronics, healthcare, aerospace, optical, and other applications. The report also covers the market size and forecasts in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Material
Lithium
Mangnesium
Zinc
Application
Building and Construction
Electrical and Electronics
Healthcare
Aerospace
Optical
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa
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Glass Ceramics Market Size Summary

The glass ceramics market is poised for significant growth, driven primarily by the burgeoning demand from the building and construction sector, which remains the largest application area for these materials. Despite a temporary setback due to the COVID-19 pandemic, the industry rebounded, spurring renewed interest and demand for glass ceramics. These materials are increasingly favored in construction due to their superior properties, such as heat resistance and lightweight nature, which make them ideal for tiles and fittings. Additionally, the electronics manufacturing sector presents new opportunities for glass ceramics, further expanding their application scope. In the aerospace industry, the lightweight nature of glass ceramics offers advantages in terms of speed and fuel efficiency, with thermal protection shields being a notable application.

The Asia-Pacific region leads the global glass ceramics market, fueled by robust infrastructure development and a thriving aerospace manufacturing industry. Countries like China and India are at the forefront, with significant investments in construction and infrastructure projects driving demand. The region's dominance is supported by substantial foreign direct investment in infrastructure, particularly in India. The market is characterized by fragmentation, with key players such as Saint Gobain, Nippon Electric Glass Co. Ltd, and Corning Inc. actively expanding their operations and exploring new applications for glass ceramics. Strategic acquisitions and investments in research and development are expected to further enhance the market's growth trajectory.

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Glass Ceramics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Usage in Aerospace Applications

      2. 1.1.2 Increasing Demand from Building and Construction

    2. 1.2 Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material

      1. 2.1.1 Lithium

      2. 2.1.2 Mangnesium

      3. 2.1.3 Zinc

    2. 2.2 Application

      1. 2.2.1 Building and Construction

      2. 2.2.2 Electrical and Electronics

      3. 2.2.3 Healthcare

      4. 2.2.4 Aerospace

      5. 2.2.5 Optical

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 South Africa

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Rest of Middle-East and Africa

Glass Ceramics Market Size FAQs

The Glass Ceramics Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Saint Gobain, Nippon Electric Glass Co.,Ltd., Kedi Glass-Ceramic Industrial Co. Ltd., Corning Inc. and Schott AG are the major companies operating in the Glass Ceramics Market.

Glass Ceramics Market Report Snapshots

Glass Ceramics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)