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.
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.
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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.
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.
Polaris Market research has segmented the advanced glass market report on the basis of function, product type, application and region
Function Outlook (Revenue, USD Million, 2015 – 2026)
- Safety & Security
- Solar Control
- Optics & Lighting
- High Performance
Product Type Outlook (Revenue, USD Million, 2015 – 2026)
Application Outlook (Revenue, USD Million, 2015 – 2026)
Regional Outlook (Revenue, USD Million, 2015 – 2026)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa