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Advanced Glass Market

Advanced Glass Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2031

Advanced Glass: Introduction

  • Advanced glass is a superior grade of glass. It is designed with specific characteristics and offers various applications. Advanced glass is made from soda ash, natural gas, and silica sand. This glass comes with advanced techniques and technological substances. Advanced glasses undergoes various processes such as mechanical and chemical processes depending on its applications. Advanced glass offers various advantages and applications such as UV control, safety, sound reduction, and security.
  • It can be used in various industries such as infrastructure, automobiles, and electronics. It can be used as a screen protector in laptop and mobile phones. Advanced glass can be utilized as windscreen, as it offers clear vision, especially in bad climate situations. This glass can also be employed in the manufacture of flat panel display.

Key Drivers and Restraints of Advanced Glass Market

  • Increase in urbanization and industrialization, growth of the automotive industry and their manufacturing bases, and rise in expenditure for infrastructure development are driving the global advanced glass market
  • Rise in demand for housing appliances and electronic gadgets is expected to propel the market. This glass is durable, thermal shock resistant, and reliable. Additionally, increase in energy efficient towers and rise in use of mirrors and windscreens in the automotive sector are projected to drive the market during the forecast period.
  • Rise in application of advanced glass in commercial, automotive, and electrics sectors is expected to create lucrative opportunities in the market
  • Increase in cost of advanced glass due to the growing gap between supply and demand, and unstable availability of raw materials are projected to hinder the market. Increase in raw material prices is anticipated to hamper the advanced glass market in the next few years.

Advanced Glass: Raw Material Segment

  • In terms of raw material, the market can be segmented into silica sand, soda ash, and natural gas
  • The silica segment is expected to account for significant share of the advanced glass market during the forecast period. It is anticipated to witness growth owing to excellent homogeneity, bubble & inclusion free, and high working temperature abilities of the product.
  • The soda ash segment is likely to expand at a rapid pace during the forecast period

Advanced Glass: Product Type Segment

  • In terms of product type, the market can be categorized into laminated glass, ceramic glass, tempered glass, and ceramic glass
  • Tempered glass can be used in construction (commercial, residential, and industrial buildings), automotive mirrors & windows (side view and rear view), green houses, home appliances (including microwaves, refrigerators, cookware, and dishwasher), and gadgets (such as computers, tablets, and mobile phones)
  • Laminated glass can be utilized to manufacture windscreens and in the construction of hospitals, offices, and institutions. Coated glass comes with hard coat and low e-coat.

Covid-19 Impact on Advanced Glass Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the advanced glass market.

Asia Pacific to Dominate Advanced Glass Market

  • In terms of region, the advanced glass market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is projected to be the fastest growing region of the global market, owing to rise in demand for advanced glass products and increasing in awareness among people to use advanced glass. Japan and China are concentrating more on building power generation solar panels. This is expected to contribute to the growth of the advanced glass market. Therefore, the advanced glass market in Asia Pacific is expected to expand in end-user industries such as transportation (automotive and aerospace), building, and power generation.
  • North America was the second-largest region of the advanced glass market in 2020. Growth of the market in this region can be ascribed to the rise in application of the glass in building, construction, and infrastructure industries
  • Europe is another substantial region of the global advanced glass market. The use of advanced glass in numerous applications, from electronics to automobile, is majorly driving the demand for advanced glass in the region. Incorporation of vehicle safety films, anti-shattering films, and UV protection films in automobiles is further expected to drive the advanced glass market in Europe during the forecast period.
  • The market in Latin America and Middle East & Africa is expected to witness moderate growth during the forecast period mainly due to the growth of end-use industries such as electronics and automotive manufacturing plants; and rise in demand for advanced glass in the construction sector

Key Manufacturers Operating in Advanced Glass Market

The advanced glass market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the advanced glass market include:

  • SCHOTT AG
  • Guardian Industries
  • Huihua Glass Co. Ltd.
  • Sisecam Group
  • Fuyao Glass Industry Group Co., Ltd.
  • American Precision Glass Corp
  • PPG Industries
  • Gentex Corporation
  • Schott AG and NSG Co
  • Xinyi Glass Holdings Limited
  • Sangalli Vetro Manfredonia
  • Glaze-Tech Industries
  • AGC, Occipital Inc
  • Saint-Gobain
  • Abrisa Technologies
  • Murata Manufacturing Co Ltd
  • CoorsTek, Inc.
  • Nippon Sheet Glass Co., Ltd.
  • Atheer, Inc.
  • Packerland Glass Products Inc.
  • Vurix Corporation
  • Thermoseal Industries LLC.
  • Zeel Product

Advanced Glass Market: Research Scope

Advanced Glass Market, by Raw Material

  • Silica Sand
  • Soda Ash
  • Natural Gas

Advanced Glass Market, by Function

  • Solar Control
  • Safety & Security
  • High Performance
  • Optics & Lighting

Advanced Glass Market, by Product Type

  • Laminated Glass
  • Ceramic Glass
  • Tempered glass
  • Ceramic Glass

Advanced Glass Market, by End-use

  • Aerospace & Defense
  • Electronics
  • Building & Construction
  • Automotive
  • Optical
  • Sports & Leisure

Global Advanced Glass Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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