Glass Ceramics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Glass Ceramics Market Size and Forecasts (2021 - 2031), Global and Regional Growth Opportunity Analysis, and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00003582
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET ANALYSIS

Glass ceramics are advanced materials that are produced by controlled crystallization of glass. The possess a unique combination of properties that makes them highly desirable in various applications. Glass ceramics exhibits excellent strength, thermal stock resistance, and chemical durability, making them suitable for demanding environments. They also offer aesthetic appeal due to their transparency and can be easily moulded into complex shapes. They find extensive use in industries such as electronics, healthcare, aerospace, and automotive.    

GROWTH DRIVERS AND CHALLENGES

The advancements in manufacturing processes have significantly contributed to the growth of glass ceramics market. These advancements involve the development and implementation of innovative technologies to produce glass ceramics, resulting in improved efficiency, cost effectiveness, and product quality. Manufacturing processes such as controlled crystallization, rapid prototyping, and precise moulding enable the production of glass ceramics with consist composition, desired crystalline structure, and dimensional accuracy. Additionally, the integration of automation and (CAD/CAM) systems has enhanced the precision and speed or production, allowing for customization and meeting specific application requirements. These advancements have not only expanded the range of potential applications for glass ceramics but also made them more accessible and economically viable, there driving glass ceramics market growth.

The glass ceramics market faces competition from alternative materials that can serve as substitutes in specific applications. For instance, in the automotive industry, lightweight composites or advanced metals offer alternative options to glass ceramics for components that require high strength and reduced weight. Similarly, in the healthcare sector, polymers and metals can provide competitive advantages in certain medical devices or implants. The challenge lies in demonstrating the unique benefits and value proposition of glass ceramics over these alternatives, showcasing their specific properties.

REPORT SEGMENTATION AND SCOPE

The "Global Glass Ceramics Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global glass ceramics market trends and growth opportunities. The report aims to provide an overview of the global glass ceramics market with detailed market segmentation by material, application, and geography. The global glass ceramics market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of glass ceramics worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the glass ceramics market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the glass ceramics market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative glass ceramics market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global glass ceramics market, which helps understand the entire supply chain and various factors affecting the market growth.

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SEGMENTAL ANALYSIS

The global glass ceramics market is segmented based on material and application. Based on material, the glass ceramics market is classified as, lithium, aluminum and silicon oxides (LAS), magnesium, aluminum and silicon oxides (MAS), zinc, aluminum and silicon oxides (ZAS), and others. The glass ceramics market is categorized based on application into, electrical and electronics, building and construction, healthcare, aerospace, optical, and others.       

Based on application, the electrical and electronics accounted for a significant glass ceramics market share which can be attributed to extensive use of glass ceramics in this sector. Glass ceramics offers a unique property that makes them highly desirable in electrical and electronics sector. They exhibit excellent electrical insulation properties, high thermal shock resistance, and low dielectric loss, making them ideal for applications such as insulators, circuit substrates, and electronic packaging. Glass ceramics are also used in the production of precision components for electronic devices such as sensors, resistors, and capacitors. Furthermore, the increasing demand for consumer electronics, advancements in telecommunications infrastructure, and the growing adoption of renewable energy technologies are fuelling the need for high-performance materials like glass ceramics in electrical and electronics industry, which is fuelling glass ceramics market.

REGIONAL ANALYSIS

The report provides a detailed overview of the global glass ceramics market with respect to five major regions, namely: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

North America is anticipated to account for a significant revenue share in the global glass ceramics market, attributable to rising demand from the construction and manufacturing sector, the development of nano-phase ceramics, rapid urbanization, and the development of robust and affordable houses equipped with glass ceramics. Moreover, the increasing use of glass ceramics in various end-use industries such as power & energy, optical, medical, and electronics manufacturing and the implementation of stringent regulations regarding certain other construction materials is expected to boost the use of glass ceramics and further drive revenue growth of the glass ceramics market in the region.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnership, acquisitions, and new product launches were found to be the major strategies adopted by the players operating in the global glass ceramics market.

  • In March 2023, Nippon Electric Glass Co., Ltd. has developed a glass-ceramic solid electrolyte that exhibits sodium (Na) ion conductivity surpassing organic electrolytes and a wide operating temperature range.

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Due to prolonged lockdowns in important nations like the United States, China, Japan, India, and Germany, the COVID-19 pandemic resulted in the partial or total shutdown of production facilities that do not fall under essential goods. In most industrial units worldwide, it has resulted in the closure or suspension of their production activities. Due to lockdowns announced in several countries, the construction and infrastructure sectors are among the most severely impacted. Due to supply chain disruptions and a dearth of workers, the lockdown has hampered several infrastructure and construction projects. Since the arrival of the pandemic, the electrical & electronics, healthcare, aerospace, and optical industries witnessed a severe decline, affecting glass ceramics market.  In the year 2022, the resumption of industrial activities, pent-up demand and increase focus on healthcare application has help the glass ceramics market to grow. As economies reopened, the demand of glass ceramic across several sectors regained momentum.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the glass ceramics market include, Quartztec-Europe Ltd, Elan Technology, Inc., SCHOTT AG, EUROKERA Group, Ohara Corporation, Wenzhou Kanger Crystallite Utensils Co.,Ltd., Nippon Electric Glass Co.,Ltd., Corning Incorporated, ILVA Glass SpA, VITRON Spezialwerkstoffe GmbH, KAHO special glass Co., Ltd,  CoorsTek Inc., China Glass Ceramic Inc., Metoxit AG., and AGC Inc. among others.        


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REGIONAL FRAMEWORK
World Geography
Strategic Insights

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MARKET PLAYERS
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Research Criteria
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

The List of Companies

1. Anchor Glass Container Corporation
2. Huntsman International LLC.
3. ILVA Glass SpA
4. Jingniu Glass Ceramics Group Co., Ltd.
5. Kedi Glass-Ceramic Industry Co., Ltd
6. KYOCERA Corporation
7. Nippon Electric Glass Co.,Ltd.
8. Ohara Corporation
9. Saint-Gobain
10. SCHOTT AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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