Fior Markets launched a study titled “Global Glass Ceramics Market by Type (Flat, Concave, Other), Material (Aluminum, Silicon, Lithium, Zirconium), End User,Region” and Global Forecast 2018-2025.
The global glass ceramics market is expected to grow from USD 1,405.42 million in 2017 to USD 2,228.31 million by 2025 at a CAGR of 5.43% during the forecast period from 2018-2025. The key contributing factor for the market growth are increasing demand from housing & construction sector, aerospace uses glass ceramics in nosecones of high-end aircrafts and missiles, and growing government spending on infrastructural development.
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Flat segment held highest market share of 56.18% over the forecast period
Type segment is divided into flat, concave, and other. Flat segment held highest market share of 56.18% over the forecast period owing to ease of use. The flat type of glass ceramic cooktops are simple to clean and used in construction applications.
Aluminum segment held highest market share of 32.39% in 2017
Material segment is segmented into aluminum, silicon, lithium, and zirconium. Aluminum segment held highest market share of 32.39% in 2017. Aluminum glass ceramic is also known as AIP3O9 glass-ceramics that are prepared by crystallization of glasses at 750–1100°C. Aluminum based nitride is used with ceramic in electronics industry.
Housing & construction segment valued around USD 393.24 million in 2017
End user segment is categorized into housing & construction, aerospace, medical, electrical, optical, energy & power, and industrial. Housing & construction segment valued around USD 393.24 million in 2017. The ceramic tiles and ceramic abrasives are extensively used in housing & construction for interior and exterior applications.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa.Asia Pacificregion segment dominated the global glass ceramicsmarket with USD 467.02 million in 2017. Asia Pacific is fastest growing region due to modernizing infrastructure in developing countries such as China and India, massive consumption of implantable devices, and growth in geriatric population are creating opportunity for the growth of the market.
The major players ofmarketinclude are Corning , Schott, Nippon Electric Glass, ILVA Glass SpA, Ohara Corporation, Wenzhou Kanger Glass Glass-ceramic, HuzhouTahsiang, Puning KEDI Glass-ceramic lndustrial, Fast East Opto, Jingniu Crystallite, Dongguan Hongtai, and others. For instance, in 2018, SCHOTT entered into partnership with Smart Skin Technologies to improve pharmaceutical glass packaging.
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