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Global Glass-Ceramics Market Research Report—Forecast till 2028
SKU ID : MRF-15864885 | Publishing Date : 30-Jun-2020 | No. of pages : 160
Global Glass-Ceramics Market Research Report—Forecast till 2028
Global Glass-Ceramics Market is evaluated to exhibit a constant growth at CAGR of 5.86%. Glass-ceramics are produced by the method of controlled crystallization of glass and having properties of both glass and polycrystalline ceramics. They are polycrystalline solid materials available in the form of crystalline, semi-crystalline, or non-crystalline nuclear structures. Owing to the properties such as extreme mechanical strength, sustainability in changing temperatures, low heat conduction coefficient (stays cool outside the cooking area), and wonderful aesthetic appeal causes their utilization in the household utensils sector. Additionally, it is seen that the utensils made up of glass-ceramic are progressively used in the manufacturing of household utensils such as cooktops, stoves, microwave and fireplace doors, cookware, and bakeware, among others.
Global Glass-Ceramics Market was valued at USD 779,413.3 Thousand in 2018 and it is estimated to reach USD 1,376,848.3 Thousand by the end of 2028. The global market growth is been driven by major factors such as rising the application of glass-ceramics in the production of household utensils and rising demand for the product in the building & construction industry. However, the high cost of energy because of the high heating requirements during the glass-ceramics manufacturing process can hinder the growth of the global glass-ceramics market during the assessment period.
Market Segmentation
The Global Glass-Ceramics Market has been categorized based on Composition, Application, and Region.
By the composition segment, the global market has been sub-segmented into LAS, ZAS, MAS, and others. The LAS system segment anticipated the largest share of 50.9% in 2018 owing to its extensive use due to its outstanding set of properties.
Based on application type, the global market has been categorized into household appliances, building & construction, medical, and others. The household appliances segment accounted for the largest share in 2018 and it is estimated to reach the highest CAGR of over 5% during the study period.
Regional Analysis
Geographically, the Global Glass-Ceramics Market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific held the largest market share of the global glass-ceramics market in 2018 and it is estimated to command the market to reach CAGR of over 6.5% during the review period. Countries like China, India, and Japan are witnessing rising requirements for creative household appliances and construction products due to its high population, rising per-capita expenditure, growing consumer spending ability, and expending industrialization & urbanization.
Europe gripped the second-largest market share of the global glass-ceramics market in the year 2018. The largest regional market is contributed by Germany owing to the varying consumer requirements in the country along with a large base of glass-ceramics manufacturers, distributors, and retailers.
Major Players
Some of the major players operating in the Global Glass-Ceramics Market are 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).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market Overview
Global Glass-Ceramics Market is evaluated to exhibit a constant growth at CAGR of 5.86%. Glass-ceramics are produced by the method of controlled crystallization of glass and having properties of both glass and polycrystalline ceramics. They are polycrystalline solid materials available in the form of crystalline, semi-crystalline, or non-crystalline nuclear structures. Owing to the properties such as extreme mechanical strength, sustainability in changing temperatures, low heat conduction coefficient (stays cool outside the cooking area), and wonderful aesthetic appeal causes their utilization in the household utensils sector. Additionally, it is seen that the utensils made up of glass-ceramic are progressively used in the manufacturing of household utensils such as cooktops, stoves, microwave and fireplace doors, cookware, and bakeware, among others.
Global Glass-Ceramics Market was valued at USD 779,413.3 Thousand in 2018 and it is estimated to reach USD 1,376,848.3 Thousand by the end of 2028. The global market growth is been driven by major factors such as rising the application of glass-ceramics in the production of household utensils and rising demand for the product in the building & construction industry. However, the high cost of energy because of the high heating requirements during the glass-ceramics manufacturing process can hinder the growth of the global glass-ceramics market during the assessment period.
Market Segmentation
The Global Glass-Ceramics Market has been categorized based on Composition, Application, and Region.
By the composition segment, the global market has been sub-segmented into LAS, ZAS, MAS, and others. The LAS system segment anticipated the largest share of 50.9% in 2018 owing to its extensive use due to its outstanding set of properties.
Based on application type, the global market has been categorized into household appliances, building & construction, medical, and others. The household appliances segment accounted for the largest share in 2018 and it is estimated to reach the highest CAGR of over 5% during the study period.
Regional Analysis
Geographically, the Global Glass-Ceramics Market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific held the largest market share of the global glass-ceramics market in 2018 and it is estimated to command the market to reach CAGR of over 6.5% during the review period. Countries like China, India, and Japan are witnessing rising requirements for creative household appliances and construction products due to its high population, rising per-capita expenditure, growing consumer spending ability, and expending industrialization & urbanization.
Europe gripped the second-largest market share of the global glass-ceramics market in the year 2018. The largest regional market is contributed by Germany owing to the varying consumer requirements in the country along with a large base of glass-ceramics manufacturers, distributors, and retailers.
Major Players
Some of the major players operating in the Global Glass-Ceramics Market are 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).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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