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Global Glass Ceramic Market to reach USD 2.3 billion by the end of 2030.

Global Glass Ceramic Market Size study & Forecast, by Composition (Lithium-Aluminium-Silicate (LAS), Zinc-Aluminium-Silicon Oxides (ZAS), Magnesium-Aluminium-Silicon Oxides (MAS), and Others), by Application (Building & Construction, Electrical & Electronics, Healthcare, Aerospace, Optical, and Others) and Regional Analysis, 2023-2030

Product Code: CMGCN-89152530
Publish Date: 13-07-2023
Page: 200

Global Glass Ceramic Market is valued at approximately USD 1.5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2023-2030. Glass ceramics are a type of material that combines the properties of glass and ceramics. They are made by heat-treating certain glasses to induce crystallization, which results in a material that has the strength and durability of ceramics while retaining the transparency and other properties of glass. The global glass ceramics market is largely driven by the growing demand from the construction industry due to its ability to reduce noise and cost-effectiveness compared to other options. However, one of the biggest challenges facing the market in the coming years is the high cost of energy used in production. The production of glass ceramics requires a significant amount of energy, and fluctuations in the prices of essential energy supplies like crude oil can significantly impact manufacturing costs. As a result, manufacturers may struggle to maintain profitability and competitive pricing in the market.

The construction industry is always in search of innovative materials that can provide strength, durability, and thermal insulation. Glass ceramics are one such material that has gained popularity due to its unique properties. Glass ceramics are a combination of glass and ceramic materials that are heat-treated to induce crystallization. The resulting material has high strength, durability, and thermal resistance, making it an ideal choice for various construction applications.
As per, International Labour Organization, the construction industry is a major employer, with around 7% of the world’s working-age population employed in the sector. Similarly, the demand for sustainable construction materials and practices is on the rise, with a report by the United Nations estimating that the construction sector could reduce global carbon emissions by up to 30% by using more sustainable practices and materials. The production of glass ceramics involves high costs, including the cost of raw materials, energy, and processing. These high production costs can impact the affordability of glass ceramic products, which may restrain their demand in certain applications.

The key regions considered for the Global Glass Ceramic Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia-Pacific region is the fastest-growing construction market, driven by rapid urbanization, population growth, and infrastructure development. Countries like China, India, and Indonesia are investing heavily in construction projects, and the region is expected to account for almost half of global construction output by 2025, according to a report by Global Construction Perspectives and Oxford Economics.
The use of ceramic inks has been in high demand due to China’s booming construction sector. The country’s government has allocated over 7% of its capital expenditure towards construction, which is higher than the previous year. China is currently the largest market for construction and is witnessing substantial growth in this sector. Some of the major construction projects in China include the Beijing International Airport, which is contributing significantly to the demand for ceramic inks.

Major market players included in this report are:
Corning Inc.
Schott AG
Asahi Glass Co., Ltd.
Saint-Gobain S.A.
Nippon Electric Glass Co., Ltd.
CeramTec GmbH
KYOCERA Corporation
Murata Manufacturing Co., Ltd.
Ohara Corporation
Hoya Corporation

Recent Developments in the Market:
Ø In January 2021, SCHOTT AG launched a new glass ceramic material, called NEXTREMA® Pearl, which is designed for high-temperature applications in the home appliance industry. The material offers high thermal shock resistance and a unique pearl-like appearance.
Ø In October 2020, Corning Incorporated announced a partnership with Toyota Motor Corporation to develop glass technologies for the automotive industry, including glass ceramics for headlights and other applications. The companies are focusing on improving safety and design in vehicles.
Ø In July 2020, AGC Inc. launched a new range of glass ceramics, called CLEARER, which offers high transparency and low reflectivity. The material is designed for use in displays, lighting, and other applications where optical performance is critical.
Global Glass Ceramic Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Composition, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Composition:
Lithium-aluminium-silicate (LAS)
Zinc-aluminium-silicon oxides (ZAS)
Magnesium-aluminium-silicon oxides (MAS)
Others

By Application:
Building & construction
Electrical & electronics
Healthcare
Aerospace
Optical
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Glass Ceramicc Market, by Region, 2020-2030 (USD Billion)
1.2.2. Glass Ceramic Market, by Composition, 2020-2030 (USD Billion)
1.2.3. Glass Ceramic Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Glass Ceramic Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Glass Ceramic Market Dynamics
3.1. Glass Ceramic Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Growing demand from the construction industry
3.1.1.2. Growing demand for cookware and kitchenware
3.1.2. Market Challenges
3.1.2.1. High production cost
3.1.3. Market Opportunities
3.1.3.1. Increasing use in medical applications
Chapter 4. Global Glass Ceramic Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Glass Ceramic Market, by Composition
5.1. Market Snapshot
5.2. Global Glass Ceramic Market by Composition, Performance – Potential Analysis
5.3. Global Glass Ceramic Market Estimates & Forecasts by Composition 2020-2030 (USD Billion)
5.4. Glass Ceramic Market, Sub Segment Analysis
5.4.1. Lithium-aluminium-silicate (LAS)
5.4.2. Zinc-aluminium-silicon oxides (ZAS)
5.4.3. Magnesium-aluminium-silicon oxides (MAS)
5.4.4. Others
Chapter 6. Global Glass Ceramic Market, by Application
6.1. Market Snapshot
6.2. Global Glass Ceramic Market by Application, Performance – Potential Analysis
6.3. Global Glass Ceramic Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Glass Ceramic Market, Sub Segment Analysis
6.4.1. Building & construction
6.4.2. Electrical & electronics
6.4.3. Healthcare
6.4.4. Aerospace
6.4.5. Optical
6.4.6. Others
Chapter 7. Global Glass Ceramic Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Glass Ceramic Market, Regional Market Snapshot
7.4. North America Glass Ceramic Market
7.4.1. U.S. Glass Ceramic Market
7.4.1.1. Composition breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Glass Ceramic Market
7.5. Europe Glass Ceramic Market Snapshot
7.5.1. U.K. Glass Ceramic Market
7.5.2. Germany Glass Ceramic Market
7.5.3. France Glass Ceramic Market
7.5.4. Spain Glass Ceramic Market
7.5.5. Italy Glass Ceramic Market
7.5.6. Rest of Europe Glass Ceramic Market
7.6. Asia-Pacific Glass Ceramic Market Snapshot
7.6.1. China Glass Ceramic Market
7.6.2. India Glass Ceramic Market
7.6.3. Japan Glass Ceramic Market
7.6.4. Australia Glass Ceramic Market
7.6.5. South Korea Glass Ceramic Market
7.6.6. Rest of Asia Pacific Glass Ceramic Market
7.7. Latin America Glass Ceramic Market Snapshot
7.7.1. Brazil Glass Ceramic Market
7.7.2. Mexico Glass Ceramic Market
7.8. Middle East & Africa Glass Ceramic Market
7.8.1. Saudi Arabia Glass Ceramic Market
7.8.2. South Africa Glass Ceramic Market
7.8.3. Rest of Middle East & Africa Glass Ceramic Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Corning Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Schott AG
8.3.3. Asahi Glass Co., Ltd.
8.3.4. Saint-Gobain S.A.
8.3.5. Nippon Electric Glass Co., Ltd.
8.3.6. CeramTec GmbH
8.3.7. KYOCERA Corporation
8.3.8. Murata Manufacturing Co., Ltd.
8.3.9. Ohara Corporation
8.3.10. Hoya Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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