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Advanced Glass Market 2019 By Key Players Saint-Gobain, Guardian Industries, Sisecam Group, PPG Industries, Schott AG and NSG Co.
Advanced Glass Market
In fact, currently, many of the electronics and smartphone manufacturers preferably choosing Gorilla glass for their devices. This product offers numerous benefits over other materials like plastic and metal. The increasing adoption of advanced versions of glass by consumer electronics manufacturers is indeed poised to boost advanced glass industry share over the years ahead.
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Encompassing a widespread application spectrum including construction, electronics, and automotive sectors, advanced glass market size has been witnessing an extensive upsurge in recent years. Advanced glass is essentially normal glass that has been reinforced to suit the needs of a certain type of application or to simply be more resistant to external forces.
The demand for this type of glass has been increasing exponentially on account of its aesthetic appeal, pushing advanced glass market growth. In 2016 alone, this business space was worth more than $60 billion. Endowed with a favorable product portfolio, advanced glass market is projected to witness remarkably profitable growth over 2017-2024, with a target valuation of 10.5 billion square meters of consumption by 2024.
Speaking along similar lines, a few years ago, the Internet behemoth Google developed augmented reality (AR) based glasses, which garnered mass popularity no sooner than its release. Currently, the large-scale deployment of AR in everyday activities has also considerably transformed advanced glass market outlook.
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The American audio equipment manufacturer, Bose Incorporation has recently unveiled its plan to develop AR based glasses as well, and has launched its prototype of AR wearables, which comprise motion sensors. In another instance, the American multinational technology company, Vuzix has also developed smart glasses and is looking forward to launching advanced version of wearables for future generation. Initiatives such as the aforementioned are certain to augment advanced glass market size.
The shifting trends toward miniaturization of several electronics equipment are fueling the requirement for highly precise structured glass. In this regard, many players in advanced glass market are adopting new innovative technologies to develop versatile and highly accurate glass wafers.
Moreover, some of the companies are focusing on inventions of light solutions for interiors of automobiles and aircraft. For instance, glass manufacturing company, AGC Glass Europe has developed an innovative solution for luxury car roofs.
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Despite the introduction of humongous numbers of raw material, glass still stands as one of the most pivotal elements on account of its aesthetic beauty and its transparency. With the product finding increased applications in the construction and automotive industries, advanced glass market size is certain to witness a massive upsurge.
As the application scope for glass increases further in the ensuing years, advanced glass industry is projected to experience an exponential growth rate, with a target revenue estimation of more than $110 billion by 2024.
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