The global advanced glass market size valued at $57.6 billion in 2019, and is projected to reach $103.8 billion by 2027, growing at a CAGR of 7.6% from 2020 to 2027.
Advanced glasses are specialized grades of glass. They are designed with unique features, and provide various applications. These glasses are made of ash soda, natural gas, and silica. Depending on their uses, the advanced glasses undergo various processes, such as mechanical and chemical processes. Advanced glasses offer several benefits and applications including safety, UV protection, sound reduction, and security. They are used in various sectors, such as transportation, vehicles, and electronics. In addition, they are also used in laptop and cell phones as a screen protector. Moreover, it can be used as a windscreen, because it provides clear vision, particularly in bad weather conditions.
Growing urbanization is a major factor that fuels the development of the building & design industry, which further drives the growth of the advanced glass sector. In addition, rise in demand for value-added materials in housing fuels the market growth. Furthermore, rise in number of energy-efficient towers and increase in use of mirrors and windscreens in the automotive sector are also expected to boost the demand for advanced glass during the forecast period. However, increased costs of raw materials are expected to hamper the market growth. Whereas, increase in use of advanced glasses in the industrial, automotive, and electrical sectors is anticipated to provide lucrative opportunities for the market expansion.?
The global advanced glass market is segmented on the basis of function, product type, end-user industry, and region. By function, the market is classified into safety & security, solar control, optics & lighting, and high performance. On the basis of product type, it is categorized into coated glass, laminated glass, toughened glass, and ceramic glass. On the basis of end-user industry, the market is divided into building & construction, aerospace & defense, automotive, electronics, sports & leisure, optical, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players operating in the global advanced glass market are Advanced Glass & Mirror Inc., Asahi Glass Co., Corning Inc., Fuyao Glass Industry Group Co. Ltd., Huihua Glass Co. Limited, Koch Industries, Nippon Sheet Glass Co. Ltd., Saint Gobain, Sisecam Group, and Tyneside Safety Glass.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global advanced glass market from 2019 to 2027 to determine the prevailing opportunities.
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
Profiles of leading players operating in the market are provided to understand the global competitive scenario.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
KEY MARKET SEGMENTS
- Safety & Security
- Solar Control
- Optics & Lighting
- High Performance
By Product Type
- Coated Glass
- Laminated Glass
- Toughened Glass
- Ceramic Glass
By End-User Industry
- Building & Construction
- Aerospace & Defense
- Automotive
- Electronics
- Sports & Leisure
- Optical
- Others
- North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Brazil
- Argentina
- Qatar
- UAE
- Rest of LAMEA
Key Market Players
- Advanced Glass & Mirror Inc.
- Asahi Glass Co.
- Corning Inc.
- Fuyao Glass Industry Group Co. Ltd.
- Huihua Glass Co. Limited
- Koch Industries
- Nippon Sheet Glass Co. Ltd.
- Saint Gobain
- Sisecam Group
- Tyneside Safety Glass
US $
Euro €
GBP £