Industry Overview of Advanced Glass Market
Advanced glass is a superior grade of glass produced by blending various components, including soda ash, pure silica (SiO2), fused quartz, natural gas, and sodium carbonate (Na2CO3). Unlike traditional glass, it undergoes specific chemical and mechanical processes that enhance its strength and durability, making it suitable for an extensive range of applications. Advanced glass is commercially available in numerous forms, such as coated, toughened, laminated, and ceramic glass types. It exhibits a high-performance index, offering protection against ultraviolet (UV) radiation, improved soundproofing capabilities, and resistance to acid erosion, providing security and durability. Advanced glass is used in screen protectors for multiple consumer electronics, flat panel displays, lenses, and windscreens. Consequently, it finds extensive utilization across several sectors, including building and construction, aerospace, defense, automotive, electronics, sports, optical, etc.
How Big Is the Advanced Glass Market?
The global advanced glassmarket size reached US$ 69.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 97.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Global Industry Trends and Drivers:
The advanced glass market is primarily driven by the expanding construction activities across the globe and the elevating requirement for value-added renovation in both commercial and residential complexes. Additionally, the inflating investments in infrastructural projects and the growing usage of the product by original equipment manufacturers (OEMs) and automobile companies to manufacture easy-to-install vehicle windows, owing to their ability to reduce heat release, minimize the air conditioning load, and thereby improve fuel efficiency, are also positively influencing the global market. Moreover, rapid technological advancements in the manufacturing process and the introduction of smart, thin, safe crystal, nano canal, and self-cleaning glass variants are further catalyzing the market growth. Besides this, the rising employment of advanced glass in laptops, desktops, and smartphones and the escalating number of strategic collaborations among key players to enhance product performance and effectiveness are expected to fuel the advanced glass market in the coming years.
Advanced Glass Market Growth and Trends
The advanced glass market is experiencing significant growth and witnessing several noteworthy trends. One of the key drivers behind this growth is the increasing demand for energy-efficient and sustainable building materials. Advanced glass products, such as low-emissivity (low-e) glass and smart glass, offer enhanced thermal insulation properties, reducing the need for heating and cooling systems in buildings and resulting in energy savings. As sustainability becomes a priority for construction and architectural projects, the adoption of advanced glass solutions is on the rise. Another trend driving the market is the growing focus on safety and security in various industries. Advanced glass products, like laminated glass and tempered glass, provide increased resistance to impact, breakage, and forced entry, making them ideal for applications in automotive, aerospace, and infrastructure sectors. As safety regulations become more stringent, the demand for advanced glass with improved durability and protective features is expected to increase.
Types of Advanced Glass
Advanced glass encompasses various types of specialized glass products that offer unique functionalities and properties beyond traditional glass. Some of the common types of advanced glass include low-emissivity (low-e) glass, which has a thin metallic coating that reflects heat while allowing visible light to pass through, making it energy-efficient for buildings. Smart glass, another type, can change its transparency or opacity with the application of an electric current, providing privacy, glare reduction, and energy-saving benefits in windows and partitions. Laminated glass is composed of multiple layers with an interlayer, offering enhanced safety and security by holding the glass together when shattered. Tempered glass, known for its high strength and resistance to breakage, is commonly used in automotive and architectural applications. Other advanced glass types include self-cleaning glass, which has a hydrophilic coating that breaks down dirt when exposed to sunlight, and electrochromic glass, which changes its tint and light transmission properties based on an electric charge. These innovative glass types are revolutionizing various industries, from construction and automotive to electronics and aerospace, by providing superior performance, safety, and energy efficiency.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Product Type:
- Coated Glass
- Laminated Glass
- Toughened Glass
- Ceramic Glass
Breakup by Function:
- Safety and Security
- Solar Control
- Optics and Lighting
- High Performance
End Use Industry:
- Building and Construction
- Aerospace and Defense
- Automotive
- Electronics
- Sports and Leisure
- Optical
- Others
Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
AGC Inc., Compagnie de Saint-Gobain S.A., Corning Incorporated, Fuyao Glass Industry Group Co. Ltd., Gentex Corporation, Koch Industries Inc., Nippon Sheet Glass Co. Ltd., Schott AG, Sisecam (Türkiye Is Bankasi A.S.), Tyneside Safety Glass and Xinyi Glass Holdings Limited.
