Advanced Glass Market Tremendous Growth till 2030

Jun 08, 2020

Advanced Glass Market is valued around USD 57.66 Billion in 2019 and expected to reach USD 110.26 Billion by 2030 with the CAGR of 5.98% over the forecast period.

Advanced Glass refers to the production of glass by advanced technology supported by the use of advanced material to serve various functions. As per the name, the advanced glass possesses special properties such as solar control, ultraviolet resistance, durability and many more which makes it of better use in advanced construction activities. These glasses have wide application in different industries to serve different functions such as automotive, construction, aerospace and others.

Global Advanced Glass Market report is segmented on the basis of glass type, function, vertical and by regional. Based upon glass type, the advanced glass market is fragmented into laminated glass, coated glass, toughened glass, and others. On the basis of function, the market is categorized into optics & lighting, high performance, safety & security, solar control, and others. Based on verticals, the market is classified into construction, electronics, aerospace & defense, automotive, sports & leisure, and other. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.

The advanced glass market is mainly driven by the consistent expansion of application in different industries along with increased demand from construction & other industries owing to advanced properties. There has been constant growth in urbanization along with development of infrastructure has raised the demand for advanced glass. In further addition, stringent regulatory policies to ensure the highest safety owing to special properties have augmented the preference of advanced glass. On the other hand, growing demand for consumer electronics along with burgeoning demand for home appliances is likely to fuel the market growth. However, fluctuating cost of raw materials along with high cost as compared to conventional glass is expected to impede the market growth.

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The developed regions such as North America and Europe are expected to hold the major market share owing to the growth in energy efficient buildings in the region followed by high consumer awareness. In addition, rise in technological advancement along with growing research & development investments are expected to enhance the market growth. Asia Pacific is expected to dominate the advanced glass market in terms of growth rate owing to the rapid growth in population base led to the growth in urbanization & industrialization activities. Moreover, rising government initiatives to further promote industrialization as well as wide application in different industries are also likely to contribute the market growth over the forecast period.

The major market players profiled in the advanced glass market includes Asahi Glass Co., Ltd., Saint Gobain S.A., Nippon Sheet Glass Co., Ltd., Corning Inc., GrayGlass Company, Schott AG, Advanced Glass & Mirror, Inc., Guardian Industries, Sisecam Group, PPG Industries, Inc., Abrisa Technologies, Central Glass Co., Ltd., and Euroglas GmbH among others.

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