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Advanced Glass Market 2020 by key players Saint-Gobain, Guardian Industries, Schott, PPG Industries, Inc., Cardinal Glass Industries

03-12-2020 06:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Advanced Glass Market

Advanced Glass Market

The Advanced Glass Market size was estimated at USD 60 billion in 2016 and is projected to surpass USD 110 billion by the year 2024. 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.

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Diverse application of tempered glass to spur advanced glass market trends

Tempered glass is one of the most prominently used types of advanced glass, widely recognized for its high temperature resistance and strength. Driven by its favorable properties, it is increasingly used in the automotive and construction sectors, thus stimulating tempered advanced glass market. Tempered glass in fact, has emerged to become one of the most preferred forms of glass to be used in windshields, thus enabling advanced glass industry to have found a profitable growth avenue in the automotive domain, which is growing at a remarkably fast-paced growth rate lately.

Tempered glass not only has a high strength threshold but also when commendable shatter resistance - that is to say, unlike regular glass, it does not break into long sharp shards but rather disintegrates into small granular pieces which are almost harmless. Naturally, the material is widely used in the construction sector, as buildings require highly resilient glass that can withstand periodic contractions and expansions. Undeniably, tempered advanced glass market has found a viable end-use avenue in the construction sector. Tempered glass also finds uses in various household items like furniture, cookware, microwaves, refrigerators, and washing machines, further expanding its application scope.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o Saint-Gobain S.A.
o Asahi Glass Co. Ltd.
o Guardian Industries
o Pilkington Group Limited
o Shanghai North Glass Technology Industrial Co. Ltd.
o PPG Industries Inc.
o Cardinal Glass Industries Inc.
o Virginia Glass Products Corporation
o Press Glass SA
o FUSO Glass
o Abrisa Technologies
o Sisecam Group
o Shree Rang Glass
o Bulit Glass Ltd.
o Tyneside Safety Glass
o Schott AG
o Nippon Sheet Glass Co. Ltd.
o Xinyi Glass Holdings Limited
o Qingdao Kangdeli Industrial & Trading Co. Ltd
o Novalglass
o Glaze-Tech Industries
o Central Glass Co. Ltd.
o Metro Performance Glass
o Independent Glass Co. Ltd.
o Syracuse Glass Company
o GrayGlass Company
o Scheuten Glas Nederland B.V.
o Euroglas GmbH
o Sangalli Vetro Manfredonia S.p.A.
o Aeon Industries Corporation Ltd.

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Laminated glass comprises structural polymer interlayers, which is a pivotal factor that aids this material to maintain its structure even after breaking, on the grounds of which it has found increased applications in the construction of railings, skylights, and floors. The rising demand for laminated glass on account of its capability to block 99.9% of UV rays has also stimulated advanced glass industry. Laminated advanced glass industry size is estimated to surpass $45 billion by 2024 - a valuation forecast that may have a tremendous impact on the overall market share.

Energy efficiency of coated glass to stimulate advanced glass market outlook

Coated glass, in recent years, has emerged to be significant contributor toward the growth of advanced glass industry, pertaining to its rising demand on the grounds of its special reflective coatings and increased conductivity. Apparently, the coating on glass is made to act like a mirror for long-wave infrared radiation that limits the absorption of infrared radiation in buildings. The coatings also have low emissivity which increases the energy efficiency of buildings. It is estimated that low emissivity coated advanced glass industry will witness a 6.5% CAGR between 2017-2024.

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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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