The global glass ceramic market is expected to reach an estimated $1.72 billion by 2028 with a CAGR of 5.5% from 2023 to 2028

New York, June 27, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Glass Ceramic Market: Trends, Opportunities and Competitive Analysis [2023-2028]" - https://www.reportlinker.com/p06470919/?utm_source=GNW

Glass Ceramic Market Trends and Forecast
The future of the global glass ceramic market looks promising with opportunities in the building & construction, electrical & electronic, healthcare, aerospace, and optical applications. The global glass ceramic market is expected to reach an estimated $1.72 billion by 2028 with a CAGR of 5.5% from 2023 to 2028. The major drivers for this market are the expanding usage of glass ceramics in the construction industry for tiles and other fixtures, increasing demand in aerospace for these ceramics for the nosecones of premium aircraft and missiles, and huge household demand for ceramic kitchenware.

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.

Glass Ceramic Market by Segment

The study includes trends and forecast for the global glass ceramic market by composition, application, and region, as follows:

Glass Ceramic Market by Composition [Value ($B) Shipment Analysis from 2017 to 2028]:
• Lithium-Aluminum-Silicate (LAS)
• Zinc-Aluminum-Silicon Oxides (ZAS)
• Magnesium-Aluminum-Silicon Oxides (MAS)
• Others

Glass Ceramic Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
• Building & Construction
• Electrical & Electronics
• Healthcare
• Aerospace
• Optical
• Others

Glass Ceramic Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Glass Ceramic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, glass ceramic companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the glass ceramic companies profiled in this report include-
• CoorsTek
• Corning
• Kanger Glass-ceramic
• Kedi Glass-Ceramic Industrial
• Kyocera
Glass Ceramic Market Insights
• The analyst forecasts that lithium-aluminum-silicate will remain the largest composition segment over the forecast period due to the widespread use of these lithium-based glass ceramics for cookware, bakeware, and cooktops in homes.
• Building & construction is expected to remain the largest application segment due to the increasing use of these ceramics in place of traditional materials as these are lighter in weight, affordable, and ensure better technical qualities, like heat resistance.
• APAC will remain the largest region due to rapid industrialization and urbanisation, rising disposable income among population, and enormous investments in the construction projects in China and India.
Features of the Glass Ceramic Market
• Market Size Estimates: Glass ceramic market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Glass ceramic market size by various segments, such as by composition, application, and region
• Regional Analysis: Glass ceramic market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different by composition, application, and regions for the glass ceramic market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the glass ceramic market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.