The latest research study “Advanced Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global advanced glass market size reached US$ 65.68 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 95.14 Billion by 2027 exhibiting a growth rate (CAGR) of 6.10% during 2022-2027.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Advanced glass represents a superior grade of glass produced by combining several components that consist of fused quartz, soda ash, pure silica (SiO2), natural gas, sodium carbonate (Na2CO3), etc. They are available in numerous types, including coated glass, laminated glass, toughened glass, ceramic glass, etc. Unlike conventional glass, the advanced glass variants undergo specific chemical and mechanical procedures that improve their strength and durability. They have a high-performance index that provides protection from ultraviolet (UV) radiation, improves soundproofing characteristics, and facilitates security and resistance against acid erosion. As a result, advanced glass products find extensive applications across various sectors, such as building and construction, aerospace and defense, automotive, electronics, sports and leisure, etc.
Advanced Glass Market Trends and Drivers:
The expanding construction activities across countries and the escalating need for effective value-added renovation materials in commercial and residential complexes are primarily driving the advanced glass market.
Additionally, the rising investments in multiple infrastructural projects and the increasing utilization of the product by original equipment manufacturers (OEMs) and automobile companies to produce easy-to-install vehicle windows are acting as significant inducing factors. Besides this, the development of advanced technologies in the manufacturing units and the launch of new product categories, including thin, smart, nano canal, safe crystal, and self-cleaning glasses, are also positively influencing the global market.
Moreover, the elevating integration of the product in consumer electronics, that include smartphones, laptops, and desktops, and the growing strategic collaboration among key players to enhance product performance and efficacy are expected to propel the advanced glass market over the forecasted period.
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The report has been segmented the market into following categories:
Breakup by Product Type:
- Coated Glass
- Laminated Glass
- Toughened Glass
- Ceramic Glass
Breakup by Function:
- Safety and Security
- Solar Control
- Optics and Lighting
- High Performance
Breakup by End Use Industry:
- Building and Construction
- Aerospace and Defense
- Sports and Leisure
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
List of Major Key Players:
The major players in the market are
- AGC Inc.
- Compagnie de Saint-Gobain S.A.
- Corning Incorporated
- Fuyao Glass Industry Group Co. Ltd.
- Gentex Corporation
- Koch Industries Inc.
- Nippon Sheet Glass Co. Ltd.
- Schott AG
- Sisecam (Türkiye Is Bankasi A.S.)
- Tyneside Safety Glass
- Xinyi Glass Holdings Limited.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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