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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.
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Advanced Glass MarketSet to Exceed $95,369.5 Million By 2026 | CAGR 7.2% “Advanced Glass Market Share, Size, Trends, Industry Analysis Report; By Function (Safety & Security, Solar Control, Optics & Lighting, High Performance); By Product Type (Laminated Glass, Coated Glass, Toughened Glass, Ceramic Glass); By Application (Construction, Automotive, Aerospace, Electronics, Sports, Others); By Regions, Segment Forecast, 2019 - 2026”
Advanced Glass Market Estimate & Forecast to 2026 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. 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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Advanced Glass Market Estimate & Forecast to 2026 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., SangalliVetroManfredonia, 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. Browse Complete Report
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