Glass Ceramics Market Outlook - 2030
The global glass ceramics market size was valued at $1.3 billion in 2020, and is projected to reach $2.4 billion by 2030, growing at a CAGR of 6.0% from 2021 to 2030. The glass ceramics market growth is driven by rise in its demand in electronics, healthcare, and renewable energy sectors. In electronics, glass ceramics are valued for their thermal stability and insulation properties, essential in high-performance devices. Healthcare applications benefit from their biocompatibility, particularly in dental and orthopedic implants. In addition, its use in solar panels and other renewable technologies supports the push for sustainable energy solutions, further fueling market growth.
Introduction
Glass ceramics refer to polycrystalline materials that are made by crystallizing base glass under regulated conditions. The most significant facet of the global glass ceramics market is the rise in demand for glass ceramics owing to growth of the construction industry. This substance is widely utilized in the industrial as well as commercial sectors since it minimizes noise and is less expensive than other options. The high cost of energy utilized in production restrains the growth of the global glass ceramics market. The manufacturing of these materials is affected by price changes in essential energy supplies such as crude oil.
Report Key Highlighters
⦁ The report provides competitive dynamics by evaluating business segments, product portfolios, target market revenue, geographical presence, and key strategic developments by prominent manufacturers.
⦁ The glass ceramics market is fragmented in nature among prominent companies such as Kyocera Corporation, Kanger Glass-ceramic Co., Ltd., Schott AG, Nippon Electric Glass Co., Ltd., CoorsTek Inc., Corning Inc., Morgan Advanced Materials plc, Saint Gobain, Ohara Corporation, Kedi Glass-Ceramic Industrial Co. Ltd.
⦁ The study contains qualitative information such as the market dynamics (drivers, restraints, challenges, and opportunities), key regulation analysis, pricing analysis, and Porter’s Five Force Analysis across North America, Europe, Asia-Pacific, LAMEA regions. Moreover, the report covers sub-segments that are studied across all the regions.
⦁ Latest trends in global glass ceramics market such as undergoing R&D activities, regulatory guidelines, and government initiatives are analyzed across 16 countries in 4 different regions.
⦁ More than 3,500 glass ceramics-related product literatures, industry releases, annual reports, and other such documents of key industry participants along with authentic industry journals and government websites have been reviewed for generating high-value industry insights for global glass ceramics market.
Market Dynamics
The glass ceramics market has expanded due to surge in its applications in electronics, healthcare, and renewable energy sectors. Government initiatives such as Make in India and National Policy on Electronics encourage domestic production of high-performance electronic devices, boosting demand for glass ceramics with advanced thermal and electrical properties. In healthcare, the Indian government's Ayushman Bharat scheme promotes medical infrastructure development, boosting demand for bio-compatible glass ceramics in dental and orthopedic implants. The focus on affordable healthcare contributes to market growth in medical applications.
Moreover, government policies promoting renewable energy, such as the National Solar Mission, drive the use of glass ceramics in solar panels. By 2030, India aims to install 500 GW of renewable energy capacity, which directly supports the market for high-temperature-resistant materials. Innovations encouraged by governmental research grants further enhance the quality and scope of glass ceramics, positioning the market for robust growth in coming years.
Furthermore, the surge in production of antennas for Wi-Fi applications and mobile phones in the electronics industry is anticipated to boost the demand for glass ceramics. Antennas with glass ceramics and copper exhibit a high response to frequencies and offer improved performance. Glass ceramics are surveyed to be choice materials for the semiconductor sector as well. This is due to their outstanding conducting and insulating properties.
However, the glass ceramics market faces several restraints, including high production costs and complex manufacturing processes. Producing glass ceramics requires advanced technologies and precise control over thermal treatments, leading to increased capital and operational expenses. This limits accessibility for smaller manufacturers and contributes to higher product costs, slowing widespread adoption. In addition, availability and price fluctuations of raw materials, such as silica and alumina, affect the supply chain and market stability.
Government regulations and environmental concerns pose challenges. For instance, the Ministry of Environment, Forest and Climate Change (MoEFCC) in India enforces strict emission standards for industries dealing with materials such as silica. The European Union’s REACH regulations impose restrictions on hazardous substances, adding compliance costs to manufacturers. These regulatory pressures, combined with a push for sustainability, make it challenging for companies to maintain profitability while meeting environmental requirements. As a result, market growth is hindered in regions with stringent regulations.
Segments Overview
The glass ceramics market is segmented into composition, application, and region. By composition, the market is segregated into lithium-aluminum-silicate (LAS), zinc-aluminum-silicon oxides (ZAS), magnesium-aluminum-silicon oxides (MAS), and others. By application, it is fragmented into building & construction, electrical & electronics, healthcare, aerospace, optical, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Global Glass Ceramics Market, By Composition
Glass Ceramics Market
By Composition Lithium-Aluminium-Silicate is projected as the most lucrative segment.
By Composition
Lithium-Aluminium-Silicate is projected as the most lucrative segment.
By type, the lithium-aluminium-silicate (LAS) segment accounted for around 51.2% of the glass ceramics market share in 2020, due to its widespread use on account of its outstanding set of properties. The continuous research and development in this field has led to achieving better efficiencies.
Global Glass Ceramics Market, By Application
By Application
Building & Construction is projected as the most lucrative segment.
On the basis of application, the building & construction segment is projected to grow at the highest rate during the glass ceramics market forecast period. The global construction sector is growing rapidly owing to the growth in living standards, population, and urbanization in major developing countries globally.
Glass Ceramics Market, By Region
By Region
Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
Region wise, Asia-Pacific is expected to exhibit the highest growth rate during the forecast period, owing to growth in the optics and optoelectronics industry in emerging economies. Asia-Pacific is expected to register the highest CAGR of 7.3%.
Competitive Analysis
The global glass ceramics market profiles leading players that include Kyocera Corporation, Kanger Glass-ceramic Co., Ltd., Schott AG, Nippon Electric Glass Co., Ltd., CoorsTek Inc., Corning Inc., Morgan Advanced Materials plc, Saint Gobain, Ohara Corporation, Kedi Glass-Ceramic Industrial Co. Ltd.
Industry Trends:
- The glass ceramics market has witnessed notable trends, particularly driven by technological advancements and increasing applications across diverse industries. One prominent trend is the surge in demand for glass ceramics in electronics, where their thermal stability and electrical insulation properties make them ideal for use in capacitors, semiconductors, and other high-performance devices. The Government of India, under its “Make in India” initiative, has been promoting local electronics manufacturing, which is expected to boost the demand for glass ceramics in this sector.
- In healthcare, glass ceramics are being increasingly used in dental implants, prosthetics, and bone graft substitutes due to their biocompatibility. The Indian government’s healthcare programs, such as Ayushman Bharat, aim to expand medical services, indirectly supporting the growth of the glass ceramics market through higher demand for advanced medical materials. In Europe, the medical glass ceramics market has grown due to government support for advanced medical technologies, as well as an aging population.
- Sustainability is another driving force, with renewable energy applications becoming more prevalent. Glass ceramics are used in solar panels and energy storage devices, aligning with global and national energy policies. For example, the U.S. Department of Energy has announced funding initiatives to improve the efficiency of solar technologies, which is expected to boost demand for glass ceramics in renewable energy infrastructure.
- The market growth is influenced by regulatory policies focused on environmental standards and manufacturing practices. The European Union’s stringent environmental laws, such as the Emissions Trading Scheme (ETS), require companies to innovate to reduce carbon footprints. Similarly, India’s Bureau of Energy Efficiency (BEE) has introduced energy efficiency norms that impact industries using glass ceramics, encouraging the adoption of energy-efficient manufacturing processes. These evolving regulations are shaping the future of the glass ceramics market globally.
Key Benefits For Stakeholders
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, & glass ceramics market opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
- The report includes the analysis of the regional as well as global glass ceramics market trends, key players, market segments, application areas, and glass ceramics market growth strategies.
Glass Ceramics Market Report Highlights
Aspects | Details |
By Composition |
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By Application |
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By Region |
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Key Market Players | Ohara Corporation, Corning Inc., Schott AG, CoorsTek Inc., Saint Gobain, Nippon Electric Glass Co., Ltd., Kyocera Corporation, Kedi Glass-Ceramic Industrial Co. Ltd., Kanger Glass-ceramic Co., Ltd., Morgan Advanced Materials plc |
Analyst Review
This section provides insights of top-level CXOs. According to CXOs, the glass ceramics market is moving toward growth stabilization phase in its industry life cycle. Factors driving the growth of the market for glass ceramics include rise in demand for building & construction and aerospace and defense & security industry.
Glass-ceramics can be made up of one or more glass phases or one or more crystalline phases made by controlling the crystallization of base glass. These ceramics exhibit properties similar to both glasses and polycrystalline materials. These properties include 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, and can be used in a variety of applications such as glass-ceramic for cooktops, stoves, microwaves, fireplace doors, telescope mirrors, and others. The massive use of glass ceramic in the housing and building sectors drives the global industry. Increase in 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 rise in purchasing power of the people are expected to drive the growth of the global market.
Asia-Pacific is expected to contribute majority of the market share in 2020, in terms of volume, owing to high adoption of glass ceramics across various application industries. High adoption of glass ceramics in building & construction, electrical & electronics, and healthcare industry propels the market growth.
Increasing adoption of ceramics in electronics manufacturing processes, is likely to aid in the market growth of Glass Ceramics.
The global glass ceramics market was valued at $2.4 Billion in 2021-2030
Corning Inc., Kanger Glass-ceramic Co., Ltd., Kedi Glass-Ceramic Industrial Co. Ltd., Kyocera Corporation, Morgan Advanced Compositions plc, Nippon Electric Glass Co.,Ltd. are the top players in glass ceramics market.
Optical industry is projected to increase the demand for glass ceramics market
Composition and application segments are covered in glass ceramics market report
The factors driving the growth of the glass-ceramics market are increasing the application of glass-ceramics in the manufacturing household utensils and growing demand for the product in the building & construction industry.
Building & construction, optical and electrical & electronics applications are expected to drive the adoption of glass ceramics.
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