Press release
Advanced Glass Market Is Booming Worldwide | Saint-Gobain, Guardian Industries, Şişecam, PPG Industries, Schott, Asahi Glass Co., Ltd., Cardinal Glass Industries, Press Glass, Carlex Glass America, LLC, Metro Performance Glass
Advanced Glass Market
Prominent manufacturers in advanced glass market space include NSG, Guardian Industries, Saint-Gobain, Glaze-Tech Industries, PPG Industries, AGC, and Sisecam Group. Industry participants are focusing on R&D to develop and expand product range and making strategies to size up production capacities to strengthen regional and global presence.
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Global advanced glass market should surpass 85 million tons at end of 2024. Rapid industrialization & urbanization rate in China, Brazil, and India along with favorable government schemes to boost infrastructure development will support growth of housing, construction and automotive industries, thereby stimulating advanced glass market demand. Rising environmental concerns pertaining to carbon emissions and energy efficiency along with shift in consumer preference towards green buildings and safety products should positively influence advanced glass market growth.
- Growth drivers are
• North America: Growth in energy efficient building projects
• Europe:
· Growth in passenger and commercial vehicle production
· Increase use of glass in building facades along with growth in construction projects
• Asia Pacific:
· Increase in infrastructure spending
· Rise in automobile sales along with increase in vehicle manufacturing capacities
• LATAM: Growth Acceleration Program in construction and transportation sectors in Brazil
• MEA: Government support on recycling of used glass
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Laminated glass market demand from automotive windshield application should register gains at over 6.5% by 2024. These products are widely used in the windscreens as they offer improved driver vision during bad climatic conditions such as ice, rain, mud and fog. The products are resistant to impact and shock with the ability to absorb sun rays up to 99.9% and minimize UV transmission. Increasing automotive manufacturing base in China and India, and established transport industry in Europe along with visibility & visual comfort, thermal comfort, acoustic comfort, style and taste of these products in vehicles should positively impact advanced glass market demand.
North America, with steady growth in the U.S. advanced glass market size should surpass 2 billion square meters during the forecast period. Shift in builder’s trends towards environmental protection, safety, natural insulation and security in the buildings along with widespread of usage of recyclable and environmental friendly materials should positively influence regional industry growth. Advanced glass possesses various characteristics such as superior solar control performance, transmission and absorption properties, thereby enhancing the energy effectiveness of the buildings, resulting into increased advanced glass market demand.
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Toughened glass market demand from greenhouse applications should surpass USD 1 billion during the projected timespan. The product is used for both walls and roofs for agricultural greenhouses. Superior properties such as high transparency & high conductivity of light and heat along with allowance to trap energy into greenhouse to warm air, plants & water, should catalyze advanced glass market growth.
UK coated glass market size from non-residential buildings should witness significant gains close to 3% during the foreseeable timeframe. Stringent regulations by EU Commission pertaining to energy savings and CO2 emissions along with enhanced usage of product in hospitals, commercial buildings, offices and institutions to minimize the use of air conditioners and promote renewable energy resources should fuel regional advanced glass market growth.
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