New York, 24, 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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