Glass Ceramics Market - By Material, By Application, By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030
Glass Ceramics Market Overview
The Glass Ceramics market size is forecast to reach USD 2.45 billion by 2030, after growing at a CAGR of 6.57% during 2024-2030. The glass ceramics market is witnessing robust growth, primarily driven by advancements across various industries, including construction, electronics, and aerospace. Glass ceramics are celebrated for their exceptional properties, such as high thermal resistance, durability, and aesthetic versatility, making them indispensable in a wide range of applications. One of the key growth drivers is the increasing use of glass ceramics in the building and construction sector. These materials are favored for their ability to combine functionality with design, offering both strength and visual appeal. Glass ceramics are widely used in kitchen countertops, wall claddings, and flooring, particularly in luxury residential and commercial projects. As urbanization continues to accelerate in emerging economies, the demand for innovative construction materials like glass ceramics is on the rise. Another significant factor contributing to market growth is the proliferation of glass ceramics in the consumer electronics sector. Their resistance to scratches and high thermal stability makes them ideal for use in electronic devices, such as smartphone screens, tablet covers, and wearable devices. Leading electronics manufacturers are increasingly incorporating glass ceramics to enhance the durability and aesthetic appeal of their products, reflecting a growing consumer preference for high-performance materials.
Report Coverage
The report “Glass Ceramics Market– Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Glass Ceramics market.
By Material: Aluminiun, Silicon, Lithium, Zirconium
By Application: Radomes, Cookware, Bakeware, Cooktops, mirrors, Insulators, biomaterials, components, and Others
By Geography: North America, South America, Europe, Asia-Pacific, RoW
Key Takeaways
- The construction industry is increasingly adopting glass ceramics due to their durability, aesthetic appeal, and versatility. These materials are used in applications such as countertops, wall claddings, and flooring. The growing urbanization and infrastructure development, particularly in emerging economies, are propelling the demand for glass ceramics in this sector.
- Glass ceramics are being extensively used in the consumer electronics industry, especially for manufacturing components like smartphone screens and protective covers. Their superior properties, such as high resistance to thermal shock and mechanical strength, make them ideal for electronic devices. The increasing demand for durable and high-performance electronic gadgets is boosting the utilization of glass ceramics.
- In the aerospace industry, glass ceramics are utilized for their lightweight and high-temperature resistance properties. They are employed in components such as thermal protection systems and structural parts of spacecraft and aircraft. The expanding aerospace sector, with increasing investments in space exploration and commercial aviation, is contributing to the rising demand for glass ceramics.
By Material - Segment Analysis
Aluminium dominated the Glass Ceramics market in 2024. Aluminium is the major material type in the global glass ceramics market with a market share of 32% in 2023. Aluminum-based glass ceramics are favored for their excellent thermal stability, mechanical strength, and resistance to corrosion. These properties make them suitable for a wide range of industrial and consumer applications. The demand for aluminum in the glass ceramics market is driven by the increasing need for advanced materials in high-tech applications. For instance, in 2024, researchers explored the use of lithium-aluminum-silicate systems to create transparent glass ceramics. These materials are notable for their high mechanical strength, wear resistance, and chemical resistance, combined with high transparency. They are being used in applications ranging from household appliances to high-precision optics and electronics. The rise in electronics manufacturing, renewable energy projects, and the development of new technologies in the automotive contribute to this segment growth.
By Application – Segment Analysis
Bakeware dominated the dominated the Glass Ceramics market in 2024. The durability of glass ceramics makes them a preferred choice for bakeware. They can handle thermal shock better than conventional materials, reducing the risk of cracking or breaking during use. Additionally, its ease of cleaning and maintenance makes it a favored choice among both home cooks and professional chefs. Rubbermaid Incorporated, a renowned name in food storage and organization has made its debut in the baking category with the introduction of Rubbermaid® DuraLite™ Bakeware on March 21, 2022. This premium line of baking dishes blends the superior qualities of glass and ceramic bakeware. Rubbermaid DuraLite Bakeware is crafted for exceptional heat tolerance and durability, featuring broiler and oven safety up to 550°F—100°F higher than any other glass or ceramic bakeware on the market. According to the December 2022 National Online Consumer Survey, 31% of consumers bake at home regularly, doing so at least once a week. Additionally, 24% of respondents bake often, typically once or twice a month, indicating that a significant majority of consumers engage in home baking on a frequent basis.
By Geography - Segment Analysis
APAC dominated the dominated the Glass Ceramics market in 2024. Due to its biocompatibility and capacity to form bonds with soft tissues and bone, bioactive glass ceramics are utilized in various medical and dental applications, such as bone grafting, dental implants, and tissue engineering. Ongoing developments in medical technology and healthcare fuel the use of novel biomaterials. The last ten years have seen double-digit growth in China's healthcare sector. According to a study by investment bank CEC Capital, the healthcare sector generated approximately RMB 10 trillion (almost US$1.5 trillion) in revenue in 2021. Due to its exceptional mechanical qualities, thermal stability, and resistance to wear and corrosion, glass ceramics are employed in various engineering components. These parts are used in heavy machinery, aerospace, and automotive industries. High-performance materials are in high demand for engineering components due to the expansion of China's automotive industry, which includes the manufacture of electric and hybrid automobiles.
According to the IBEF India, In 2023, the Indian healthcare industry maintained its robust development trajectory, with a valuation of US$ 372 billion, fueled by the combined efforts of the government and private sector. The Indian medical tourism market is projected to grow from its 2024 valuation of US$ 7.69 billion to US$ 14.31 billion by 2029. In 2023, around 634,561 foreign visitors—or 6.87% of all foreign visitors to the country—came to India for medical treatment, according to India Tourism Statistics.
Drivers – Glass Ceramics Market
Expansion in Building and Construction Sector
The construction industry is increasingly adopting glass ceramics due to their durability, aesthetic appeal, and versatility. These materials are used in applications such as countertops, wall claddings, and flooring. The growing urbanization and infrastructure development, particularly in emerging economies, are propelling the demand for glass ceramics in this sector.
Advancements in Consumer Electronics
Glass ceramics are being extensively used in the consumer electronics industry, especially for manufacturing components like smartphone screens and protective covers. Their superior properties, such as high resistance to thermal shock and mechanical strength, make them ideal for electronic devices. The increasing demand for durable and high-performance electronic gadgets is boosting the utilization of glass ceramics.
Growth in Aerospace Applications
In the aerospace industry, glass ceramics are utilized for their lightweight and high-temperature resistance properties. They are employed in components such as thermal protection systems and structural parts of spacecraft and aircraft. The expanding aerospace sector, with increasing investments in space exploration and commercial aviation, is contributing to the rising demand for glass ceramics.
Challenges – Glass Ceramics Market
High Production Costs
The manufacturing of glass ceramics involves complex processes and requires advanced technologies, leading to elevated production costs. This financial barrier can deter small and medium-sized enterprises from entering the market and may also result in higher prices for end consumers, potentially limiting widespread adoption.
Competition from Alternative Materials
The glass ceramics market faces competition from alternative materials that can serve as substitutes in specific applications. For instance, in the automotive industry, materials like advanced polymers or metals may be preferred over glass ceramics due to cost considerations or specific performance requirements. This competition can pose challenges to the growth of the glass ceramics market.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Glass Ceramics market. In 2024, the Glass Ceramics market share has been consolidated by the major players accounting for 74.3% of the share. Major players in the Glass Ceramics market are AGC Inc. (16.5%), Saint-Gobain (12.4%), Corning (9.6%) among others.
Developments:
- June 2024, Nippon Electric Glass Co., Ltd. (NEG) has developed a glass-ceramics core substrate GC Core™”, which has promising potential for use in next-generation semiconductor packages. The GC Core™ is a core substrate made from a composite of glass powder and ceramic powder. In addition to the properties of a core substrate made of glass, the new material offers the advantage of being easy to machine when making micro through-holes. NEG successfully developed a 300 mm square substrate and is currently working on development with the aim of enlarging the substrate to 515 × 510 mm by the end of 2024.
- October 2023, Corning, Inc. collaborated with Apple to deliver durable glass with infused color for the back of Apple's iPhone 15 and iPhone 15 Plus devices. These devices also feature Ceramic Shield, a highly transparent, color-free glass ceramic, which offers unparalleled durability and toughness for smartphones.
- 11 August, 2023, Kanger introduced its Shaped Glass-Ceramic series. These premium products, developed entirely by Kanger, offer outstanding features that revolutionize the culinary industry. With remarkable chemical stability, high infrared transmission, and other exceptional attributes, these glass-ceramics set new standards in culinary excellence and add a touch of sophistication to any kitchen.
Comments
Post a Comment