Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s market research analyst predicts that the glass ceramics market share will grow at a modest CAGR of just over 6% during the forecast period. Our glass ceramics trends indicate that market demand is driven the electronics industry in manufacturing antennas for mobile phones and Wi-Fi applications. Glass ceramics along with copper offer improved performance in antennas with a high response to frequencies. Since glass ceramics have excellent insulating and conducting properties, they are the materials of choice not just for electronics but in the semiconductor sector as well. Glass ceramics has helped the electronics industry build much smaller and highly efficient transistors, leading to advances in all types of devices.
According to our glass ceramic industry analysis, ceramic devices and implants are also very much in demand by the medical industry. A number of surgeons prefer to use ceramic implants as they are very strong, resistant to corrosion and also bio-compatible. The FDA has approved the use of ceramics in procedures such as knee and hip replacements. Ceramic parts are also used in spinal implants and phalangeal joints. Glass ceramics are also used to make implantable sensors. With an increase in osteoporosis cases worldwide, the demand for glass ceramics in medical applications will grow steadily during the forecast period.
The housing and construction segment is the largest user of glass ceramics and is expected to grow at a CAGR of close to 7% during the forecast period. Raw materials are manufactured from a variety of waste sources and easily available. The most common products are ceramic tiles and ceramic abrasives, both of which are widely used by the construction industry for interior and exterior applications. For instance, Neoparium, a crystallized version of glass ceramic, is impermeable to liquids and can withstand harsh environments easily.
The APAC region dominates the glass ceramics market and will generate revenues of over USD 5 billion by the end of 2020. India and China are the biggest markets, and most of the demand is expected in the construction sector. New opportunities are expected from the healthcare and education sectors as well. Given the rise in the geriatric population, the healthcare industry will be a big consumer of implants and other implantable devices.
The global glass ceramics landscape is very competitive and also highly fragmented due to the presence of many large and small suppliers. The market is dominated by the larger vendors as they have huge production plants and facilities around the world.
Key vendors in the market are -
Other vendors in the market include Dongguan Hongtai Glass Products, Far East Cable Co., Hehe Science and Technology Group, Jingniu Glass Ceramic Group, KEDI Glass-ceramic Industrial, and Tahsiang.
Technavio also offers customization on reports based on specific client requirement.
Glass-ceramics are polycrystalline materials manufactured through controlled crystallization of base glass. This material is used extensively in the commercial and industrial sectors as it helps reduce sound and is less expensive than other materials. Nippon Electric Glass and Saint-Gobain are some of the leading vendors in this market.
The report, global glass ceramics market, is part of Technavio’s chemicals and materials research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as additives, adhesives and sealants, agrochemicals and fertilizers, biochemicals and biomaterials, chemical engineering equipment, glass and ceramics, industrial gases, metals and minerals, olefins, paints, coatings, and pigments, personal protective equipment, plastics, polymers, and elastomers, and specialty chemicals. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end user
PART 07: Market segmentation by geography
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.