Glass and ceramics are major materials used across various sectors, especially in construction industry. Glass is an inorganic compound manufactured by melting mixture of three minerals namely silica, soda and lime. Glass products have broad applications across wide array of industries such as construction, household, laboratories, packaging and consumer goods. Global glass industry consists flat glass, container & hollow wares, fibre glass & laboratory glass and specialty glass. Of these, specialty glasses contribute more than half of total revenue generated in global glass industry.
Global glass industry is highly concentrated with top four companies accounting more than half of global glass production. Typically, large manufacturers compete in the market through economies of scale whereas smaller players serve the market through production of specialty of products.
Smart glasses is the emerging trend in the glass industry. Demand for smart glasses is increasing primarily owing to their energy saving properties, elegant 3D designs and acoustic & thermal qualities. The demand for smart glasses is growing across automotive, construction, and architecture sector.
Ceramic is a non-metallic and inorganic material essentially made of clay solidified by subjecting to heat. Ceramics include various products such as refractories, tiles & sanitary ware, earthenware, abrasives, bricks, roof tiles and pipes. Global ceramics market is categorized into traditional and advanced ceramics. Traditional ceramic products are produced from cements and clays hardened by heat treatment, whereas advanced ceramics consist carbides, oxides, nitrates and other materials processed through modern techniques.
Global ceramics market is expected to grow tremendously, owing to continuous technological advancements in crystallography & ceramics, monolithic ceramics in electronics and emergence of new applications for engineered ceramics. In addition, application of ceramics in medical market is expected to grow further due to rising demand of ceramics in artificial implant technology. However, factors like low availability of raw materials, high energy cost and stringent environmental regulations are expected to restrain ceramics market growth.
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