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 glasses offer 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 for manufacturing flat panel display.
Increase in urbanization and industrialization, growth in the automotive industry and their manufacturing bases, and rise in expenditure for infrastructure development are driving the global advanced glass market. Growing 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 mirrors and windscreens in the automotive sector are projected to drive the market during the forecast period. However, rise in costing due to growing gap between supply & 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 next few years. Rise in application for advanced glass in commercial, automotive, and electrics sectors is expected to create lucrative opportunities in the market.
The global advanced glass market can be classified based on raw material, function, product type, end-user industry, and region. In terms of raw material, the market can be segmented into silica sand, soda ash, and natural gas. Based on function, the advanced glass market can be categorized into solar control, safety & security, high-performance, and optics & lighting. 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 gadget (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. In terms of end-user industry, the market can be divided into aerospace & defense, electronics, building & construction, automotive, optical, and sport & leisure. Based on region, the global advanced glass market can be split into North America (the U.S., Canada, and Mexico), Europe (Germany, the U.K., Italy, France, Russia, Poland, and Spain), Asia Pacific (China, Japan, India, South Korea, Australia, Singapore, Malaysia, and Indonesia), Middle East & Africa, and South America.
Major players operating in the global 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, and Thermoseal Industries LLC. Top companies engage in acquisitions & mergers, joint ventures, development of new and innovative products with sustainable designs, and increasing research to enhance their product portfolio and strengthen their presence in the advanced glass market across the globe. Many major players are expanding their R&D facilities to develop durable products and new advanced glass due to increasing competition in the market. This is likely to lead to the introduction of several products in the market during the forecast period.
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