Glass Ceramics Market

Building and construction industry's increasing demand will drive the market growth

In terms of revenue, the building and construction industry accounted for the largest portion of all the applications. Glass ceramics are mainly utilised in construction and building for tiles and other fixtures. Glass ceramics are replacing conventional materials in a variety of applications because of their superior technical qualities, such as heat resistance, lightweight, and low price. India, the United States, Israel, and the United Arab Emirates launched a new quadrilateral economic forum in November 2021 to concentrate on regional infrastructure development initiatives.

The amount spent on building in the United States in December 2021 was estimated to be over USD 1639.9 billion, which was a big sum and 9% more than in December 2020. It demonstrates unequivocally the growing trend in structures and construction in the area. The Indian government earmarked USD 32.02 billion to improve the transport infrastructure sector in the Union Budget 2021, according to the India Brand Equity Foundation. The National Infrastructure Pipeline (NIP), now including 7400 projects, was further enlarged by the government.

As of July 2021, the government had spent USD 1.4 trillion through NIP on infrastructure construction. The growth of the building and construction sector is anticipated to be supported in the near future by all of the aforementioned factors. Throughout the projection period, this is anticipated to fuel market CAGR for glass ceramics.

Additionally, there are presently numerous synthesis and processing techniques available for the production of nanophase materials, which have grain sizes or phase dimensions in the nanometer size domain. The unique characteristics of these novel ultrafine-grained materials' diverse physical, chemical, and mechanical properties, as well as the potential for manipulating these features during the synthesis and subsequent processing steps, are what generate the most interest in them.

Nanophase materials should have a significant potential for technological growth in a variety of applications because it is now more and more clear that their properties can be engineered effectively during synthesis and processing and that they can also be generated in large quantities.

Furthermore, the implementation of strict government laws pertaining to infrastructure or construction may soon result in a rise in demand for glass ceramics. The Pradhan Mantri Awas Yojana (Urban) Mission, established by the Indian government on June 25, 2015, aims to provide homes for everyone in urban areas by the year 2022.  The Mission provides Central Assistance to the implementing agencies via States/Union Territories (UTs) and Central Nodal Agencies (CNAs) in order to provide homes to all eligible families and beneficiaries in response to the verified housing need of around 1.12 crore.

According to PMAY(U) regulations, the size of a dwelling for the Economically Weaker Section (EWS) might be up to 30 square metres of carpet space; however, States/UTs have the discretion to increase the size of houses with the Ministry's approval. Thus, driving the glass ceramics market revenue.

The Global Glass Ceramics Market Industry experiences a surge in demand driven by the electronics sector. Glass ceramics are increasingly utilized in the production of high-performance electronic components, including substrates for integrated circuits and insulating materials. This trend is fueled by the ongoing advancements in technology, which require materials that can withstand high temperatures and provide excellent electrical insulation. As the electronics market continues to expand, the demand for glass ceramics is projected to grow significantly, contributing to the industry's estimated value of 57.1 USD Billion in 2024.

Innovations in material science are propelling the Global Glass Ceramics Market Industry forward. Research and development efforts are focused on enhancing the properties of glass ceramics, such as improving thermal stability, mechanical strength, and resistance to chemical corrosion. These advancements enable the use of glass ceramics in more demanding applications, including aerospace and automotive industries. As new formulations and processing techniques emerge, the market is expected to benefit from increased adoption across various sectors, further solidifying its growth trajectory.

The Global Glass Ceramics Market Industry is witnessing a notable increase in applications within the healthcare sector. Glass ceramics are utilized in dental applications, bone grafts, and implants due to their biocompatibility and aesthetic properties. The ongoing innovations in medical technology and the rising prevalence of dental and orthopedic procedures are likely to drive this growth. As healthcare systems worldwide invest in advanced materials for better patient outcomes, the glass ceramics segment is expected to thrive, further enhancing the industry's overall value.

The Global Glass Ceramics Market Industry is experiencing growth due to expanding applications in the construction sector. Glass ceramics are increasingly used in architectural applications, such as facades, tiles, and countertops, owing to their durability and aesthetic appeal. The ongoing urbanization and infrastructure development projects worldwide are likely to drive demand for these materials. As construction standards evolve and the need for high-performance materials rises, glass ceramics are positioned to play a crucial role in meeting these demands, contributing to the industry's anticipated growth.

Sustainability trends are significantly influencing the Global Glass Ceramics Market Industry. The increasing emphasis on eco-friendly materials and processes is prompting manufacturers to adopt glass ceramics, which are often more sustainable than traditional materials. These materials can be produced with lower energy consumption and reduced waste, aligning with global sustainability goals. As industries seek to minimize their environmental impact, the demand for glass ceramics is likely to rise, contributing to the industry's projected CAGR of 5.14% from 2025 to 2035.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific glass ceramics market area will dominate this market as a result of the rapidly expanding construction and manufacturing, aerospace manufacturing, and optics and optoelectronics industries. Other factors that are anticipated to contribute to the market revenue growth in the area include the presence of large glass ceramic producers, increased use of glass ceramics in electronics manufacturing processes, and increasing investment to expedite research of glass ceramics in nations like China and India.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  GLASS CERAMICS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe glass ceramics market accounts for the second-largest market share. This is due to an increase in building and construction activity in the commercial, residential, and industrial sectors in the aforementioned locations. Additionally, the European market for glass ceramics is fueled by the auto industry. The region's three biggest markets for glass ceramics are Germany, France, and the UK. Further, the German glass ceramics market held the largest market share, and the UK glass ceramics market was the fastest growing market in the European region

North America Glass ceramics Market is expected to grow at the fastest CAGR from 2023 to 2032 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. Moreover, US glass ceramics market held the largest market share, and the Canada glass ceramics market was the fastest growing market in the region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the glass ceramics market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, glass ceramics industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  glass ceramics industry to benefit clients and increase the market sector. In recent years, the glass ceramics industry has offered some of the most significant advantages to market.

Major players in the glass ceramics market attempting to increase market demand by investing in research and development operations include SCHOTT AG (Germany), EuroKera (France), Nippon Electric Glass Co., Ltd. (Japan), Corning Incorporated (US), ILVA Glass SpA (Italy), Ohara Corporation (Japan), Kanger Holdings (China), Kedi Glass-Ceramic Industry Co., Ltd (China), Elan Technology (US), Huzhou Tahsiang Glass Products Co., Ltd (China), Jingniu Glass Ceramics Group Co., Ltd (China), and Far East Opto-Electronics Co., Ltd (China).

A technology company called Schott AG is a part of Carl Zeiss Stiftung AG. The company creates, produces, and sells speciality glass products and glass-ceramics. A wide range of speciality materials, components, and systems are available from the company. In addition to other things, its product line includes flat glass, lighting and imaging solutions, pharmaceutical systems, and advanced optics. In September 2021, to grow its diagnostic business and conduct more research on the use of glass ceramic in the healthcare industry, SCHOTT AG signed a contract to purchase Applied Microarrays Inc.

A glass maker is Nippon Electric Glass Co. Ltd. It manufactures, distributes, and sells equipment for creating specialized glass goods. The business sells glasses for flat-panel displays, solar cells, thermos flasks, optical and electronic equipment, liquid crystal displays, and flat-panel displays. Additionally, it offers glasses for use in lighting, solar power production, medicinal and laboratory uses, ceramic building materials, and for use in lighting.