Glass Ceramics Market Scope
Glass-ceramics are created by intentionally crystallizing base glass in a controlled manner, leading to the formation of a homogeneous distribution of fine crystals within the entire material. This crystallization process involves subjecting suitable glasses to a precisely regulated schedule of heat treatment, which promotes the initiation and expansion of crystal phases. Initially designed for mirrors and mirror mounts in astronomical telescopes, LAS glass-ceramics have gained recognition and made their way into the consumer market through their utilization in glass-ceramic cooktops, as well as cookware and bakeware, and as superior reflectors in digital projectors. Glass ceramics find application in the medical field because of their distinctive interaction, or absence of interaction, with human body tissue. Increasing investments in research and development activities focused on glass ceramics are being made by governments, research institutions, and private companies. These investments are fostering innovation, resulting in the emergence of novel glass-ceramic compositions and advanced processing techniques, thereby expanding the market's potential.
|Unit||Value (USD Million)|
|Key Companies Profiled||EuroKera (United States), Schott (Europe), Ohara Inc. (Japan), Kanger Enterprise (China), Vitron Spezialwerkstoffe GmbH (Germany), China Glass Ceramic Inc. (China), Kyocera Corporation (Japan), Nippon Electric Glass Co., Ltd. (Japan), Saint Gobain (Germany) and Huzhou Tianshi Glass Products Co. Ltd (China)|
The competitive landscape in the ceramic glass industry is characterized by intense competition among key players who vie for market dominance through various means. These companies compete on multiple fronts, including product quality, innovation, technological advancements, and customer relationships. One crucial aspect of the competition is the development of new ceramic glass formulations. Companies invest significant resources into research and development to create novel compositions that offer enhanced properties such as improved durability, higher resistance to thermal shock, and increased transparency. By introducing innovative formulations, these companies aim to differentiate themselves in the market and attract customers looking for cutting-edge solutions. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Glass Ceramics market throughout the predicted period.
EuroKera (United States), Schott (Europe), Ohara Inc. (Japan), Kanger Enterprise (China), Vitron Spezialwerkstoffe GmbH (Germany), China Glass Ceramic Inc. (China), Kyocera Corporation (Japan), Nippon Electric Glass Co., Ltd. (Japan), Saint Gobain (Germany) and Huzhou Tianshi Glass Products Co. Ltd (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kedi Industrial (China), InI (United States), AGC Inc. (Japan), Specialty Glass (United States) and Ilva Glass spa (Europe).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Glass Ceramics market by Type , by Application (Microwave & Cook Tops, Optical Instruments, Fireplaces Doors, Engineering Components and Others) and Region with country level break-up.
On the basis of geography, the market of Glass Ceramics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn April 2022, Corning Incorporated announced Saint-Gobain's Shielding and Optics business unit. This strategic move encompasses the acquisition of Saint-Gobain Sovis radiation shielding and optics business, located in Jouarre, France, as well as Hot Cell Services based in Kent, Washington, U.S. By acquiring these entities, Corning has expanded its existing radiation shielding business while simultaneously unlocking fresh market prospects. This acquisition also facilitates the manufacturing and distribution of products specifically designed for nuclear power and medical shielding applications, along with optical components. and In April 2022, Saint-Gobain Ceramics acquired Monofrax from the German fund Callista. Monofrax specializes in providing a diverse selection of fused cast refractories across different product chemistries. This acquisition will contribute to accelerating the growth of Saint-Gobain Ceramics in the refractory industry.
In June 2023, Corning Incorporated and SGD Pharma announced a collaborative venture that involves the establishment of a new glass tubing facility in India. It was to enhance pharmaceutical manufacturing capabilities and enable SGD Pharma to adopt Corning's Velocity Vial technology platform. and In December 2022, Corning Incorporated partnered with LG Electronics, a global innovator in technology and vehicle component solutions. The collaboration aimed to deliver environmentally sustainable glass solutions for curved automotive interior displays.
Influencing Trend:Increasing use of windshields, Sunroofs, and Side windows in the automotive industry and Ceramic Glasses are considered as environment friendly as they produced from waste glass or recycled glass
Market Growth Drivers:Increasing Consumer Demand for durable Smartphones because of the tough & rugged ceramic glass, Increasing demands for ceramic cooktops & cookware and Extensive use of Glass Ceramics in the Healthcare Industry
Challenges:The glass ceramic market is competitive, with several players vying for market share. and Ceramic Glass involves a complex production process
Restraints:Comparatively more manufacturing cost than a normal glass and Ceramic glass is heavier in comparison to conventional glass.
Opportunities:Increasing Demands for Energy-Efficient Materials and Defense and aerospace industries necessitate materials capable of withstanding harsh environments.
Key Target AudienceManufacturers/Suppliers, End Use Industry, Potential Investors, Market Research Organizations, Customers and Others