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 an 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, an increased costs of raw materials are expected to hamper the market growth. Whereas, an 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
KEY MARKET SEGMENTS
By Function
By Product Type
By End-User Industry
By Region
KEY MARKET PLAYERS
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 an 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, an increased costs of raw materials are expected to hamper the market growth. Whereas, an 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
By Function
- 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
By Region
- 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
- LAMEA
- 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
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Advanced Glass Market, by Function
Chapter 5: Advanced Glassmarket, by Product Type
Chapter 6: Advanced Glass Market, by End-Use Industry
Chapter 7: Advanced Glassmarket, by Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles:
Executive Summary
According to the report titled, 'Advanced Glass Market by Type, Technology, End-User Industry, and Region: Opportunity Analysis and Industry Forecast, 2020-2027' 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 glass is a form of superior glass and is made from advanced substances such as soda ash, natural gas, and silica sand and cutting-edge technologies.. These are made from chemical and mechanical methods, depending on their applications for end use.. They have some great advantages, such asanti-graffiti, anti-shattering, and ultraviolet light safety among others.
Building & construction industry held a largest advanced glass market share in the year 2019. Moreover, an increase in demand for value-added products in some end-use industries such as the automotive. In addition, an increase inurbanization fuels the demand for residential & commercial buildings, which is expected to accelerate market growth in the near future. However, uncertainty in the prices of raw material restrains market growth.
The demand for laminated glass market may increase during the forecast period. The change in customer preference related to modern architecture with enhanced aesthetics and infrastructural growth has resulted in expenditure on construction. Additionally, laminated glass blocked UV rays up to 99.9% and it offers high strength which prevents shattering of glass into large, sharp pieces on impact, resulting in increased demand for automotive windshield applications.
The building & construction and automotive end-use industries dominated the global market, owing to stringent regulations in construction and automotive sector pertaining to safety codes.
The global advanced glass market is highly fragmented with major players focusing on agreements, expansions, and product launches. Increase in demand for safety and security is expected to drive the growth of the market in the near future. In addition, the presence of stringent safety codes in the automotive industry is anticipated to fuel the demand for advanced glasses during the analysis period.
The players analyzed and profiled in the report 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 Findings of the Study:
Based on function, the safety & security segment emerged as the global leader with more than 40% share in 2019. This can be highly attributed to high demand of solar control based glass in various end use industries
By product type, coated glass segment dominated the global advanced glass market with around 30% global market share in 2019
Countries such as China, India, and Indonesia are emerging as an investment centric hub due to wide scope in manufacturing sector
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 468 |
| Published | May 2020 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 57.6 billion |
| Forecasted Market Value ( USD | $ 103.8 billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
