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business and market view A regular column featuring excerpts from BCC Research reports on industry sectors involving the ceramic and glass industry. Glass-ceramics: Global markets to 2026 By BCC Publishing Staff The global glass-ceramics market was valued at $1.4 billion in 2021 and is esti- mated to grow at a compound annual growth rate of 5.8% to reach $1.8 billion by 2026. Glass-ceramics are a polycrystalline sub- stance manufactured through controlled crystallization of base glass, between 30% [m/m] and 90% [m/m]. Factors driving growth of the glass- ceramic market include • Rapid urbanization. Global urbanization is on the rise, mainly in Asia-Pacific, with large rural populations moving to city areas for employment and elevated standards of living. Thus, there is a strong need to develop residential areas, with well-equipped electrical sys- tems/devices and kitchens. • Infrastructure development. Globally, governments are making sub- stantial investment into major infrastruc- ture projects that boost the economy, which is likely to boost glass-ceramic demand in the near future. • Surging pharmaceutical industry. The growing elder population, increas- ing rates of chronic disease, and the pandemic contribute to higher demand for medication. Glass-ceramics generally offer better bioactivity and biocompat- ibility compared to sintered ceramics. • European manufacturing. Europe has witnessed a sharp increase in terms of industrial production and domestic manufacturing capabilities, especially in Germany. With surging manufacturing activities, the need for machinable glass- ceramics has grown. • Electricals and electronics demand. Over the last few years, the electronics industry has gone through a rapid change due to advancements in technology and the increasing buying power of con- sumers. The overall market for glass- ceramics is driven by semiconductors, televisions, computers, optical devices, and sensors. Glass-ceramics also play a crucial role in information processing and electronic technologies. Factors restraining growth in the glass-ceramic market include • High price. The price of glass- ceramics is controlled largely by the cost of ceramic fibers. Generating the glassy matrix also contributes to higher prices because the process requires expensive batch processes at high tem- peratures in a controlled atmosphere. • Customization requirements. Original equipment manufacturers in aerospace and automotive industries prefer customized glass-ceramics for com- ponents. Production of customized com- ponents is not always feasible because it increases production cost and time. North America holds a decent share of the global glass-ceramics market (26.1% in 2020), which is mainly attributed to technological advancements. However, the Asia-Pacific region holds a significant share (40.6% in 2020) and will reach 43.2% by 2026. This region is witnessing high government and private spending in medical, electronics, and building and construction, resulting in new plants/ factories in developing countries. About the author BCC Publishing Staff provides com- prehensive analyses of global market siz- ing, forecasting, and industry intelligence, covering markets where advances in sci- ence and technology are improving the quality, standard, and sustainability of businesses, economies, and lives. Contact the staff at Helia.Jalili@bccresearch.com. Resource BCC Publishing Staff, “Glass ceramics: Global markets to 2026” BCC Research Report AVM220A, November 2021. www.bccresearch.com. n Table 1. Applications of glass-ceramics Subject Application Thermal Cookware, cooktops, hot plates, low thermal expansion glass-ceramics, sealants, fireproof windows and doors Armor Bulletproof and missile-proof components, bulletproof vests Magnetic Magnetic head actuators, magnetic information storage media, substrates for magnetic storage devices Energy Solid oxide fuel cells, LEDs, solar cells Biology Bioactive scaffolds, antimicrobial glass ceramics, anti-inflammatory glass-ceramics, glass-ceramic powders for cosmetics Architecture Decorative substrates, building components Chemical Catalytically active glass-ceramics, photocatalyst supports, corrosion-resistant glass-ceramics, ion-exchanged glass-ceramics, glues Mechanical Abrasives, machinable glass-ceramics, high-strength glass-ceramics Dental Dental restorations, dental prosthetic devices Optical Transparent glass-ceramics, luminescent glass-ceramics, colored glass-ceramics, lasers, lenses, mirrors Electronics Electronic components, substrates for electronic devices, plasma display panels Electrical Solid electrolytes, lithium-ion-conducting glass-ceramics, semiconductor substrates Table 2. Global markets for glass-ceramics, by application, through 2026 ($ millions) Application 2020 2021 2026 CAGR % (2021–2026) Semiconductors and electronics 429.8 456.2 635.7 6.9 Kitchenware 330.7 341.6 414.0 3.9 Optical 152.6 163.3 236.1 7.7 Medical 115.1 124.2 186.7 8.5 Aerospace and military 79.5 83.6 111.3 5.9 Building and construction 51.4 52.8 61.4 3.1 Automobile 32.9 34.2 43.0 4.7 Others 107.9 110.4 126.4 2.7 Total 1,300 1,366.3 1,814.6 5.8 American Ceramic Society Bulletin, Vol. 101, No. 2 | www.ceramics.org 9PDF Image | hydrogen as an alternative fuel
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