China to Remain High Value–High Volume Region in the Technical Glass Market

The Global Technical Glass market report consists of a detailed overview of the market drivers, trends, value (US$ Mn) and volume (KT) projections, opportunity analysis, parent market overview and recent and ongoing market developments for the study period 2017 to 2026.

The global market was pegged at US$ 22.6 Bn in 2017 & is expected to expand at a CAGR of 6.4% during the forecast period. Technological advancements in manufacturing and design techniques used in the glass industry as well as electronic devices and home and commercial appliances are some of the primary factors to create significant opportunities for the manufactures over the projected period.

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Technical Glass to be Procured Extensively Across the Globe

Technical Glass is a ubiquitous material and an umbrella term for a huge variety of glasses with their own distinct chemical and physical properties, such as better chemical resistance, thermal expansion rate, optical transmission and mechanical strength. Technical glasses are used as a raw material in many end-use applications and are constantly evolving. Often technical glasses are used in combination with other high tech materials for high-tech end use. Technical glass, a highly engineered glass, is expected to become a part of everyday life over the forecast period as prominent companies are committing to improving their product offerings through innovative solutions and integrated technologies.

In the global market, the soda lime glass segment is estimated to lose share, in terms of value, owing to the fact that its demand is already in the mature phase. That apart, soda lime glass is available in abundance and at a low cost in almost all regions. Further, alkali-lead silicate glass is expensive and has better technical properties and thus, is estimated to hold high-value share in the global market. Alkali-lead silicate technical glass has better chemical, corrosive and technical properties. Further, by end use segment, laboratories & pharmaceutical and lighting segments are expected to grow and become 1.4X, in terms of value, during the forecast period.

Technical Glass – a Key Component in the Electronics Industry

Technical glasses are widely adopted in end-use industries, including laboratories & pharmaceutical, lighting, electronic devices and home & commercial appliances. Glass has played a crucial role since the “electronic revolution” hit the industry. Laboratories & pharmaceutical, lighting, electronic devices and home & commercial appliances are primary end-use sectors, representing over one-fourth of the market. Of this, the electronic devices segment accounts for almost half of the global technical glass market. Further, decline in the prices of glass will also contribute to the growth of the electronic devices segment. The segment is anticipated to grow at 8.8% CAGR, by value, during the forecast period. In addition, these segments are expected to account for about 53.9% share in the total incremental $ opportunity created by the technical glass market.

Technical Glass Industry Driven by ‘Triple R’- Reduce, Recycle and Reuse

Manufacturing of technical glass is a high energy consuming process and it produces non-biodegradable waste, which has a catastrophic impact on the environment. Thus, recycling and reusing glass is critical. Recycling of technical glass results in efficient production and offers significant environmental benefits. For instance, for every ton of glass material recycled, over a ton of non-renewable or renewable resource is conserved, including raw materials. Further, including recycled glass (cullet) in the furnace makes it less corrosive, thereby prolonging furnace life. Furthermore, recycling of glass is a closed loop process with no by-products.

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China to Remain High Value–High Volume Region in the Technical Glass Market

The significance of China in the global market has been growing rapidly after the region opened to public, private and foreign investment. China is the leading manufacturer of technical glass and technical glass products account for almost half of the global technical glass market. Further, the adoption of green energy in the region to slow down the depletion of renewable sources will need new installation of solar energy networks, which in turn, will augment the demand for technical glass market. China is expected to grow and become 1.9X, in terms of value, in the technical glass market. Rest of the regions are expected to exhibit moderate to high growth during the same period.

Technical Glass Market – Competitive Landscape

The global Technical Glass market is fairly consolidated, with prominent manufacturers holding substantial market share as of 2017. In the recent past, the market has witnessed compelling advancements from the key players.

In April 2018, Corning Inc. announced its plan to build a high-volume pharmaceutical technical glass packaging manufacturing facility. The facility is expected to be operational by year-end of 2019
In 2017, Corning Inc. announced its plan to invest US$ 500 Mn to develop its Valor Technical Glass manufacturing facility in New York, U.S.
In October 2014, Saint-Gobain Company opened its new manufacturing facility at Bhiwadi, in Rajasthan, for the manufacturing of technical glass with a production capacity of nearly 1,000 Ton glass a day
Some of the prominent players covered in this market study include Schott AG, TAIWAN GLASS IND. CORP., Corning Inc., Heraeus Holding, Asahi Glass Co., Ltd., Nippon Sheet Glass Co., Ltd, Saint-Gobain, Flat Glass Group Co., Ltd., Borosil Glass Works Ltd., Allegion plc, Nippon Electric Glass Co., Ltd, Jhonson Matthey, Guardian Industries, Technical Glass & Aluminium Co. L.L.C, Xinyi Energy Holdings Limited, and Nissink Business Glass B.V.

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