Glass Ceramics Market Size, Share, Trends, Growth and Forecast 2030

Glass Ceramics Industry Prospective:

The global glass ceramics market size was worth around USD 1460 million in 2022 and is predicted to grow to around USD 2410 million by 2030 with a compound annual growth rate (CAGR) of roughly 6.51% between 2023 and 2030.

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The report delves deeper into several crucial aspects of the global glass ceramics market. It includes a detailed discussion of existing growth factors and restraints. Future growth opportunities and challenges that impact the glass ceramics industry are comprehensively addressed in the report.

Glass Ceramics Market: Overview

Glass ceramics are polycrystalline materials and were first developed at the Corning Glass Works, owned by Corning Incorporated and specializing in ceramics, glass, and other related materials. Glass ceramics exhibit properties of polycrystalline materials along with the parent glass material. The main difference between normal glasses and glass ceramics is that the latter are generally 95-98% crystalline in terms of volume. They are vitreous in a small percentage. The crystals in glass ceramics are typically less than 1µm and showcase size uniformity. Additionally, since the grains in glass ceramics are crystalline, they are not transparent, which is conventionally the basic attribute of glass. Some of the main characteristics of glass ceramics include high impact resistance and strength, a wide range of optical properties, good thermal shock resistance, and a low thermal expansion coefficient. The production of glass ceramics is similar to glass components however they have to be devitrified or heat treated to convert them into crystalline glass ceramic material.

Key Insights:

• As per the analysis shared by our research analyst, the global glass ceramics market is estimated to grow annually at a CAGR of around 6.51% over the forecast period (2023-2030)
• In terms of revenue, the global glass ceramics market size was valued at around USD 1460 million in 2022 and is predicted to grow to around USD 2410 million, by 2030.
• The glass ceramics market is projected to grow at a significant rate due to the growing application in home development projects
• Based on composition segmentation, lithium-aluminum-silicon oxides was predicted to show maximum market share in the year 2022
• Based on application segmentation, building & construction was the leading application in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

Glass Ceramics Market: Growth Drivers

Increasing application in home development projects to drive market growth

The global glass ceramics market is projected to grow owing to the increasing application and use of glass ceramics in home development projects. These polycrystalline materials are used in the production of several types of cooktops along with the manufacturing of bakeware and cookware. With rising disposable income and growing migration of people to urban cities or adoption of the modern lifestyle in rural homes, there is a significant growth in the spending capacity of people especially directed toward home or kitchen renovation. For instance, glass ceramic cooktops offer more cooking power when compared to electric coils. Moreover, they also have a low-profile and sleek look which adds to the overall physical. In 2022, the National Association of Realtors conducted a survey on home renovation projects during the pandemic. The result concluded that nearly 25% of the people who undertook the kitchen renovation project wanted to do it to add more features and improve living conditions. 94% of the respondents claimed that they wanted to spend more time in their homes after renovation.

Growing demand for mirror substrates in telescope production to fuel further expansion

Another key market growth propeller is in terms of the growing demand for special mirror substrates for the production of telescopes. One of the main reasons for higher demand in the segment is due to stability and rigidity offered by glass ceramics. It helps in maintaining one of the crucial attributes of telescopes, which is surface quality. In December 2021, the National Aeronautics and Space Administration launched the James Webb Space Telescope, a successor to the otherwise popular Hubble telescope. The new device is made of beryllium-beryllium oxide composite and the total investment around the telescope production is more than USD 1 billion.

Glass Ceramics Market: Restraints

High cost of production to restrict the market growth

The glass ceramics industry is expected to register restricted growth owing to the high cost of production of glass ceramics. The manufacturing process is extremely complex which adds to the total cost of producing glass ceramics. Moreover, since the steps involved rely heavily on several key resources, it makes the production process highly resource intensive as there is the involvement of high-temperature treatments and controlled crystallization. Given the higher amount of energy consumed, producing glass ceramics puts severe pressure on the environment. Additionally, certain components such as beryllium are considered toxic as well as skin irritants. Overexposure can lead to conditions such as chronic pulmonary disease, acute pneumonitis, and dermatitis.

Glass Ceramics Market: Opportunities

Introduction of new technologies in glass ceramics production to provide growth opportunities

The global glass ceramics market is expected to grow owing to the increased introduction of new technologies used for the production of advanced glass ceramics. The industry has already witnessed integration with automation by many manufacturers leveraging the benefits of automating certain steps of glass ceramics production. However, they are currently aiming at digitally transforming the industry further with the help of digital tools. Studies indicate that by using advanced digital tools it is possible to reduce operational cost while also reducing production time since the industry is currently filled with time-consuming processes that have to be done manually. Moreover, digitalization is expected to help in improving quality while achieving consistency as the manufacturing process will include precision control over raw and additional materials. With an amalgamation of digitization and automation, human error is bound to drastically reduce.

Glass Ceramics Market: Challenges

Safety issues in glass ceramic manufacturing facilities to challenge the market expansion

Facilities, where glass ceramics are produced, are equipped with extremely heavy machinery. Moreover, these areas are also high in temperature due to the nature of glass ceramic production. Such factors expose workers to high risk in terms of physical safety. Small human or machine errors can lead to catastrophic results. In addition to this, the emission from furnaces and kilns can be toxic thus putting worker health at risk. These gasses include carbon oxide, fluorides, and hydrocarbons among others. A 2016 report stated that thousands of workers in a mine die below the age of 40 years due to a disease called silicosis.

Glass Ceramics Market: Segmentation

The global glass ceramics market is segmented based on application, composition, and region.

Based on application, the global market segments are optical, building & construction, aerospace, healthcare, electrical & electronics, and others. The highest growth is expected to be observed in the building & construction sector due to the extensive application of glass ceramic-based products in modern homes. Factors such as the rising number of dual-income families, product innovation, urbanization, and the growing need to live a comfortable life could act as the driving factors. India's urbanization rate in 2021 was around 1.34% and by 2050, more than 800 million people are expected to live in urban areas.

Based on composite, the glass ceramics industry is divided into magnesium-aluminum-silicon oxides, zinc-aluminum-silicon oxides, lithium-aluminum-silicon oxides, and others. The highest growth was observed in the lithium-aluminum-silicon (LAS) oxides segment in 2022. It dominated over 51.21% of the market share. The addition of lithium helps in improving the glass melt rate while lowering melt temperature and viscosity. Factors including higher thermal and electrical insulation and growing research or development for LAS oxides could trigger segmental revenue.

Glass Ceramics Market: Report Scope

Glass Ceramics Market: Regional Analysis

Asia-Pacific to generate the highest revenue during the projected period

The global glass ceramics market is expected to grow with the highest CAGR in Asia-Pacific mainly led by the presence of an extensive network of glass ceramic production facilities. Regions including China and India have a robust glass and derived-products manufacturing line aided by the government's effort in improving regional revenue along with the presence of skilled labor at reasonable prices. The expected growth CAGR during the projection period is around 7.29%. In addition to the increased export rate of glass ceramic, the countries also have large domestic demand for these products mainly due to the rising construction & building industry along with a surging electronic sector. China’s electronic information industry is over USD 112 billion. In January 2021, the Chinese government announced that it will invest USD 327 million in the domestic electronics market which will include the production of manufacturing equipment, materials, components, and other parts for smartphones and additional technologies.

Glass Ceramics Market: Competitive Analysis

The global glass ceramics market is led by players like:

• Ceradyne Inc. (3M Company)
• Schott AG
• CoorsTek Inc.
• Corning Incorporated
• Ferro Corporation
• Saint-Gobain
• Johnson Matthey
• AGC Inc.
• Morgan Advanced Materials
• Hoya Corporation
• Murata Manufacturing Co. Ltd.
• Ohara Corporation
• Rauschert GmbH
• Nippon Electric Glass Co. Ltd.
• NEG Glass Corporation
• TAM Ceramics
• Cilas
• Iwatani Corporation

The global glass ceramics market is segmented as follows:

By Application

• Optical
• Building & Construction
• Aerospace
• Healthcare
• Electrical & Electronics
• Others

By Composition

• Magnesium-Aluminum-Silicon Oxides
• Zinc-Aluminum-Silicon Oxides
• Lithium-Aluminum-Silicate
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa