New York, 17,
Oct 2019: The global advanced
glass market size is expected to reach USD 95,369.5 million by
2026 according to a new study by Polaris Market Research. The report “Advanced
Glass Market Share, Size, Trends, Industry Analysis Report By Function (Safety
& Security, Solar Control, Optics & Lighting, High Performance),
Product Type (Laminated, Coated, Toughened, Ceramic), By Application
(Construction, Automotive, Aerospace, Electronics, Sports, Others) );
By Regions, and Segments Forecast, 2019 – 2026” gives a
detailed insight into current market dynamics and provides analysis on future
market growth.
Advanced glass is made by using
advanced substances like soda ash, natural gas and silica sand and cutting-edge
technologies. The advanced glass is available in various types such as
laminated, toughened, coated and ceramic glass among others. These are used
because of its various benefits such as protection from ultraviolet lights,
anti-shattering, and sound control among others. They are used in wide range of
applications such as automotive, aerospace, construction, electronics, sports
and others.
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One of the major factors driving
the demand for advanced glass in the global market is the development of
building and construction industry. Rapid urbanization coupled with increase in
population has led to augment in demand for infrastructures, which in turn has
propelled the demand in the global industry. Advanced glass offers heat and
solar control, thus making it the perfect option for infrastructure. However,
high costs associated with them Are expected to hamper the growth in demand in
the forthcoming years. The increase in demand for renewable resources coupled
with stringent regulations regarding usage of energy efficient materials is
anticipated to bring in new opportunities for the key players in this market.
Laminated glass segment holds a
major share in the global market. Increasing demand for aesthetics and
infrastructure across the globe has propelled the growth in demand for this
segment. Coated glass is also expected to exhibit rapid growth in the overall
market. Asia Pacific is expected to witness exponential growth over the
forecast period. Rapidly growing construction market in this region is
projected to fuel the growth in demand for advanced glass. Automotive sector is
anticipated to exhibit exponential growth over the forecast period. The
increase in use as windshields in automotive sector is also expected to fuel
the growth in demand for advanced glass across the globe.
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Some of the leading players
in the global market include Saint-Gobain, PPG Industries,
Huihua Glass Co. Ltd., Guardian Industries, Sisecam Group, Glaze-Tech
Industries, Nippon Sheet Glass Co., Ltd., AGC, Fuyao Glass Industry Group Co.,
Ltd., Sangalli Vetro Manfredonia, American Precision Glass Corp, Gentex
Corporation, Schott AG, NSG Group, Xinyi Glass Holdings Limited, Occipital Inc,
Abrisa Technologies, Murata Manufacturing Co Ltd, and CoorsTek, Inc., among
others. The key players in this market have adopted the strategy of mergers and
acquisitions as a major developmental strategy in order to gain competitive
share in the global market. In addition to this, providing application specific
advanced glasses is also expected to bring in new opportunities for the major
players in this market.
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