Advanced Glass Market Value estimate to reach $70,254 Million by 2022

"The world-class advanced glass market is highly fragmented with major companies focused on contracting, expansion and product launch. As demand for safety and security increases, it is expected to lead the global premium glass market in the near future. In addition, the presence of stringent safety regulations in the automotive industry is expected to drive demand for high-quality glass during the analysis period."

Allied Market Research published a new Report "Advanced Glass Market". AMR forecasts that the global market is expected to garner $70,254 million by 2022, registering a CAGR of 7.0% during the period 2016 - 2022. Asia-Pacific advanced glass market is expected to grow at the highest CAGR during the forecast period.

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Advanced glass is a special grade of glass with properties such as durability, ultraviolet resistance, various designs, security and noise reduction for specific applications. The toughness of these glasses is derived from specialized chemical and mechanical processes.

Growth in the global glass market is driven by increased demand for the construction industry and value-added products. In addition, as urbanization increases, demand for residential and commercial buildings is expected to grow and market growth will be accelerated in the near future. In addition, the design and safety ranges provided by high-quality glass are expected to drive demand during the analysis period. However, volatility in raw material prices is expected to curb market growth. In addition, the European glass industry is expected to be affected by the construction sector crisis.

Coated glass accounts for more than one-third of the total market share in 2015 and is expected to maintain market dominance during the forecast period. This is due to the development of the global construction industry. In addition, the introduction of new product design is expected to drive the growth of this segment in the near future.

Building & construction and automotive end-use industries dominated the global advanced glass market with more than half of the market share, in terms of volume, in 2015. Stringent regulations in construction and automotive sector pertaining to safety codes is anticipated to drive the advanced glass market during the analysis period.

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Key Findings and Scope of the Advanced Glass Market Report

• In terms of value, the solar control segment is expected to grow at a CAGR of 8.3% during the forecast period.
• North America is projected to maintain its lead throughout 2022, and registering a CAGR of 6.2%, in terms of value.
• Building & construction end-use industry approximately occupied more than one-third of the total market in 2015.
• China occupied approximately two-fifths of the total Asia-Pacific advanced glass market in 2015.
• China is expected to grow at the fastest rate, growing at a CAGR of 10.5%, in terms of value.

In 2015, Asia-Pacific and North America collectively accounted for more than half of the total advanced glass market, and are expected to continue this trend, specifically in China, India, and other developing economies. Development in building & construction sector is the major factor for the growth of the market in Asia-Pacific.

The key companies profiled in the report include Asahi Glass Co., Saint Gobain, Advanced Glass & Mirror, Inc., PPG Industries, Nippon Sheet Glass Co., Ltd., Corning Inc., Guardian Industries, and Sisecam Group.

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