Advanced Glass Market by Glass Type (Laminated Glass, Coated Glass, Toughened Glass, Others), Function (Safety & Security, High Performance, Solar Control, Optics & Lighting, Others), Verticals (Construction, Electronics, Aerospace & Defense, Automot

SKU ID : NMS- 18649537

Publishing Date : 01-Feb-2020

No. of pages : 365


  • "Market Definition:
    The Global Advanced Glass Market was valued at USD 57.66 billion in 2019 and is projected to reach USD 110.26 billion by 2030, expanding at a CAGR of 5.98% during the forecast period from 2020 to 2030.
    Advanced glass is manufactured using natural gas, soda-ash, and silica sand. The glass undergoes various chemical and mechanical procedures, depending on its application. This type of glass has numerous advantages including resistance to ultra-violet rays, sound reduction, UV protection, high durability and thus provides improved safety and security. Advanced glasses are widely employed in different industries such as aerospace & defence, automotive, construction, electronics, lighting, optics, and sports.
    Market Dynamics and Trends
    Surge in urbanization have been increasing the need for the construction of residential, commercial, and industrial infrastructures. Also, growing demand for advanced infrastructures and modern architectures is boosting the market growth. Moreover, increasing adoption of advanced glass in optics, lighting, electronic gadgets, home appliances, and other cutting-edge technologies are propelling the market.
    However, high cost of raw materials and less accessibility of the glass are expected to hinder the global advanced glass market during the forecast period. Conversely, factors such as rising demand for value-added materials in infrastructure development, stringent building & automobile safety codes, and high investments in R&D activities are creating lucrative opportunities in the market.
    Market Segmentations and Scope of the Study:
    The advanced glass market has been segmented in terms of type, function, end user vertical, and geography. Based on product type, the market is segmented into laminated glass, coated glass, toughened glass, and others. The other types of advanced glass include chemically strengthened glass, ceramic glass, and filter glass. On the basis of function, the market is divided into optics & lighting, high performance, safety & security, solar control, and others. In terms of verticals, the market is classified as construction, electronics, aerospace & defense, automotive, sports & leisure, and others. The construction segment is sub-segmented into residential & commercial construction, infrastructure construction, and industrial construction. Based on geography, the global advanced glass market is segregated into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
    Geographical Analysis
    North America is the leading consumer of advanced glass, and hence it is expected to hold a dominant share of the market throughout the forecast period. Growth in the construction of energy efficient buildings, high R&D investments, increasing consumer awareness and technological advancements fuel the market growth in the region.
    The market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period due to rising infrastructure expenditure, increasing demand for highly precise structured glasses, proliferating automobile sales, and growing vehicle manufacturing capacities.

    Competitive Landscape

    Key players in the global advanced glass market are Asahi Glass Co., Ltd., Saint Gobain S.A., Nippon Sheet Glass Co., Ltd., Corning Inc., GrayGlass Company, Schott AG, Advanced Glass & Mirror, Inc., Guardian Industries, Sisecam Group, PPG Industries, Inc., Abrisa Technologies, Central Glass Co., Ltd., and Euroglas GmbH.
    In January 2020, Corning Inc. announced the launch of its first auto-grade solution by showcasing its technical glass innovations at the 2020 Consumer Electronics Show. The showcase featured the latest vehicles that were adopted auto-grade gorilla glass with Corning’s patented cold-form technology that enables an immersive experience for drivers by providing smartphone-like touch sensitivity.
    • Global Advanced Glass Market – By Product Type
    o Laminated Glass
    o Coated Glass
    o Toughened Glass
    o Ceramic Glass
    • Global Advanced Glass Market – By Function
    o Safety & Security
    o Solar Control
    o Optics & Lighting
    o High Performance
    o Others
    • Global Advanced Glass Market – By Verticals
    o Construction
    o Electronics
    o Aerospace & Defense
    o Automotive
    o Sports & Leisure
    o Other
    • Global Advanced glass Market – By Geography
    o North America
     U.S.
     Canada
     Mexico
    o Europe
     UK
     Germany
     France
     Spain
     Italy
     Rest of Europe
    o Asia-Pacific
     China
     Japan
     India
     South Korea
     Australia
     Rest of Asia-Pacific
    o RoW
     UAE
     Saudi Arabia
     South Africa
     Brazil
     Remaining Countries
    • Asahi Glass Co., Ltd.
    • Saint Gobain S.A.
    • Nippon Sheet Glass Co., Ltd.
    • Corning Inc.
    • GrayGlass Company
    • Schott AG
    • Advanced Glass & Mirror, Inc.
    • Guardian Industries
    • Sisecam Group
    • PPG Industries, Inc.
    • Abrisa Technologies
    • Central Glass Co., Ltd.

    Frequently Asked Questions

    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
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    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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