Advanced Glass Market
The Global Advanced Glass Market size valued to USD 57.66 billion in 2019, is projected to garner USD 110.26 billion by 2030, witnessing a CAGR of 5.98% from 2020-2030.
Advanced glasses are superior grade glasses, manufactured using soda-ash, natural gas, and silica sand. Depending on its application, these glasses undergo various chemical and mechanical procedures, hence offering highly technical and technological advancements. These glasses have numerous advantages such as resistance to ultra-violet rays, solar control, UV protection, sound reduction, durability, safety, and security. Due to high performance index, these glasses have wide applications in different industry verticals such as construction, automotive, electronics, sports, optics, lighting, as well as aerospace & defense.
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Top Companies: 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 others.
The advanced glass market share analysis based on application, end user, and geography. Based on glass type, the market is segmented into laminated glass, coated glass, toughened glass, and others. Other types of advanced glass are chemically strengthened glass, ceramic glass, and filter glass. Based on function, the market covers 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 construction segment is segmented into residential & commercial construction, infrastructure construction and industrial construction. Geographic breakdown and analysis of each of the previously mentioned segments are included for the regions including North America, Europe, Asia-Pacific, and LAMEA.
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North America denotes a higher adoption of the advanced glass, hence it is expected to hold the highest advanced glass market share during the forecast period. This is attributable to the factors like growth in energy efficient building projects, high R&D investments, high consumer awareness, and technological advancements. It is expected that the emerging economies, specifically the Asia-Pacific region shall witness a growing market size, owing to factors such as rise in infrastructure expenditure, increasing demand for highly precise structured glasses, proliferating automobile sales and increasing vehicle manufacturing capacities.
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