SandlerResearch.org added Global Glass Ceramics Market 2016-2020 a new research reports in its store. Nanophase materials are increasingly being used for the production of high-strength compact composite coatings for advanced implants. Manufacturers in the market are investing substantially in developing advanced nanophase ceramics for use in diagnostic devices and implantable electronic devices. The analysts forecast global glass ceramics market to grow at a CAGR of 6.1% during the period 2016-2020.
Complete report on glass ceramics market spread across 56 pages, analyzing 5 major companies and provides 31 data exhibits is now available at http://www.sandlerresearch.org/global-glass-ceramics-market-2016-2020.html .
Ceramic materials are widely used in building projects in commercial and industrial sectors as these materials effectively help reduce sound and are cost-effective compared to other materials. The glass ceramics of the CaO-Al2O3-SiO2 system show promise as construction materials. They are used for abrasion and chemically resistant parts or floor and wall tile in the chemical, mechanical, construction as well as heavy industries.
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.
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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.
Main players in the Global Glass Ceramics Market are Corning, ILVA Glass, NEG, OHARA, and Schott. Other Prominent Vendors in the market are: Dongguan Hongtai Glass Products, Far East Cable Co., Hehe Science and Technology Group, Jingniu Glass Ceramic Group, KEDI Glass-ceramic Industrial, and Tahsiang.
Further, the report states that glass ceramics are prepared using sol-gel technology. However, the cost associated with sol-gel technology is high because of the high cost of precursors.
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