Glass Ceramics Market Overview
The global glass ceramics market size was worth USD 1.5 billion in 2021 and is estimated to grow to USD 2.1 billion by 2028, with a CAGR of approximately 5.90 percent over the forecast years.
Glass-ceramics have high compressive strength and are robust and chemically inert. Glass ceramics carry heat more efficiently than regular glasses and are stronger at greater temperatures. They are partially crystallized glasses with a crystalline and an amorphous glass phase. Increased investment in R&D to create bioactive glass ceramics for bone and musculoskeletal tissue engineering, growing glass ceramic use in the construction and aerospace industries, and use in radomes or missile nose cones are anticipated factors that propel market revenue growth over the forecast period. Another aspect that will likely significantly contribute to revenue growth over the forecast period is the clinical usage of glass ceramics in intervertebral spaces in spinal restoration. Furthermore, glass ceramics’ high thermal and mechanical properties, which make them suitable for orthopedic applications, are another factor projected to help market expansion in the future. Glass Ceramics Market Forecast to 2028 Request for Free Sample Report
Due to an extended lockdown in major nations, the COVID-19 pandemic outbreak resulted in the partial or complete shutdown of production facilities that do not fall under the category of critical products. In most industrial units around the world, it has caused the closure or suspension of their manufacturing activity. Due to the lockdown orders issued in numerous nations, the construction and infrastructure sectors are among the most severely impacted. Lockdown has hampered several infrastructure and construction projects due to labor shortages and supply chain snags. The electrical, electronics, healthcare, aerospace, and optical industries have suffered significantly since the pandemic. As a result, the demand for glass ceramics in the construction industry declines, which impacts the market expansion.
Glass Ceramics Market Drivers
Due to their ability to be processed quickly with precise microstructures and compositions that provide several benefits like high mechanical strength and the capacity to directly bond with living tissues, glass ceramics have attracted increasing attention for their applications in dentistry and orthopedics. Glass ceramics can produce stronger materials because of their low thermal coefficient of expansion and controllable grain size. They have a higher tensile strength and are resistant to surface abrasion, which increases their use in coatings, dental restorative implants, and fillers. This major factor is anticipated to fuel market revenue growth over the forecast period.
Glass Ceramics Market Restraints
The adoption of glass ceramic is anticipated to be constrained by its delicate surface, which can crack when a pan strikes it too forcefully, and its difficult-to-control dimensional tolerances during processing. Throughout the forecast period, these key factors may also restrain market growth to some extent. Glass ceramic products are not suitable for use in significant load-bearing implants because they are exceedingly fragile, and mechanical strength cannot be increased due to a limited range of composition. Additionally, the different degradation rates of the amorphous and crystalline phases present in glass ceramics can result in unpredictable degradation rates, which can further restrict their use in the biomedical sector and significantly slow market revenue growth over the forecast period.
Glass Ceramics Market Segmentation
The global glass ceramics market has been segmented into composition and application.
Based on the composition, the market is divided into Las, Mas, and Zas. Among these, the Las segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. The most significant commercial system is lithium-aluminum-silicate (LAS), which is also commonly utilized in residential products, including high-performance reflectors for digital projectors and glass-ceramic cooktops, cookware, and bakeware. Due to their increased mechanical strength and low thermal expansion, these products are widely used. This is a crucial factor anticipated to increase the use of LAS glass ceramics and fuel segment revenue growth. Besides this, the Zas category is expected to grow fastest throughout the forecast period. Although it is far more durable, glass ceramics is required because of aesthetic concerns and aging issues.
Based on application, the market is classified into household appliances, building & construction, and medical. In 2021, the building & construction category dominated the global market owing to the growing usage of glass ceramics in construction projects, which is attributable to their advantages in terms of environmental stability, cost-effective maintenance, increased density and strength, and strong resistance to chemicals and frost. Glass ceramics have a variety of domestic and architectural uses, including use as wall coverings, pavement, and other aesthetic applications. On the other hand, the household appliances category is anticipated to grow significantly over the forecast period. As glass ceramics share comparable cooking and handling characteristics, glass, clay ceramic, and stoneware cookware are classified together. Because ceramic retains heat very well, lower temperatures are advised. Some ceramic cookware is glazed, resulting in a practically nonstick surface. As a result, the household appliances category is expanding.
Glass Ceramics Market: Regional Landscape
In 2021, North America dominated the market for glass ceramics due to the expansion of the industrial and construction industries, the development of nano-phase ceramics, the increased urbanization of the world, and the creation of durable, reasonably priced homes with glass ceramics. In addition, expanding applications for glass ceramics in diverse end-use industries like power & energy, medical, optical, and electronics manufacturing, and implementing stricter regulations for some other construction materials are anticipated to increase their use and propel the regional market’s revenue growth.
Glass Ceramics Market: Competitive Landscape
Some of the main competitors dominating the global glass ceramics market include- Elan Technology, Huzhou Tahsiang Glass Products Co. Ltd, Jingniu Glass Ceramics Group Co. Ltd, SCHOTT AG, EuroKera, Ohara Corporation, and Kanger Holdings.
- January 2022: 3D Glass Solutions, Inc., an Albuquerque-based developer of three-dimensional passive radio frequency devices made of glass, reported raising an extra USD 4 million in an extended Series B1 investment round. Utilizing its unique low-loss photosensitive APEX glass ceramic technology for RF electronics, the business makes a variety of glass-based system-in-package (SiP) devices and components.
- February 2021: To further boost the sale of glass ceramics, glass packaging, glassware, and chemicals in Russia, Saint-Gobain completed the joint acquisition of Trakya Glass Rus ZAO.
Global Glass Ceramics Market is segmented as follows:
- Household Appliances
- Building & Construction
- North America
- The UK
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America