Press release
Glass Additives Market Research Report 2022-2030 | Segmentation By Application (Building & Construction, Packaging, Automotive & Transportation, Electronics & Appliances)
Glass Additives Market 2022-2030
The global glass additives market is examined in full detail in the latest research report from Market Research Future (MRFR). The glass additives market is mainly driven by the growing demand for coated, weather-resistant glass in the packaging, automotive, marine, aerospace, and construction industries. The report provides a thorough breakdown of the major drivers and restraints affecting the global glass additives market and also provides context for the same with the help of economic analysis designed to explain the economic background of the global market. The leading players in the global glass additives market are also profiled in the report.
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Glass additives are applied to enhance various properties of glass, including durability, weather resistance, scratch resistance, and others. Various types of glass additives, such as pyrolytic, magnetron sputtering, and sol-gel coatings, can be applied to glasses to enhance specific properties. The increasing demand for stronger glasses in various end-use industries has driven the demand from the glass additives market. The growing automotive industry is likely to be a major driver for the global glass additives market over the forecast period. Automotive glass needs to be strong enough to resist breaking and scratches. Automotive glass also needs to maintain an attractive appearance, as glass is a large part of the construction of the automobile and plays a key role in enhancing the appearance of the vehicle. Automotive windows, windscreens, and lighting also needs to be temperature resistant. This has driven the demand for glass additives in the automotive industry.
The marine and aerospace industries are also a major end user of glass additives. The marine sector uses glass in large quantities in shipbuilding, whereas airplanes also consume a large amount of glass in windows and windscreens. The glass used in the aerospace industry has to cope with high wind pressures and thus needs to be stronger than regular glass to withstand the high pressures encountered in the air. This has been a major driver for the global glass additives market.
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Competitive Analysis:
Leading players in the global glass additives market growth include Hammond Group Inc., Ardagh Group, Metall Rare Earth Limited, Gillinder Glass, DuPont, Schott AG, Potters Industries LLC, Torrecid Group, Lynas Corporation Ltd., and Namibia Rare Earths Inc.
Segmentation:
The global glass additives market is segmented on the basis of product, application, and region.
By product, the global glass additives market is segmented into metal oxides, nanoparticles, and polymers and rare earth metals.
By application, the global glass additives market is segmented into building and construction, packaging, automotive and transportation, electronics and appliances, and others. The packaging industry holds a dominant 48% share in the global glass additives market and is likely to be a major application segment over the forecast period. The growing use of glass in packaging is likely to be a major driver for the glass additives market, as packaging glass needs to hold up to the highest standards in build quality and durability.
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Regional Analysis:
Europe is the largest regional market for glass additives, followed by Asia Pacific and North America. The growing use of glass for packaging in Europe is likely to be a major driver for the Europe market for glass additives. Glass is usually used for packaging premium objects, as glass represents the premium lifestyle represented by the premium objects. The growing demand for premium, luxury consumer products in Europe is likely to drive the demand for glass in packaging applications over the forecast period. The growing automotive industry in Europe is also a major driver for the glass additives market.
Asia Pacific is the second largest regional market for glass additives and is likely to exhibit the fastest growth over the forecast period. The growing electronics and automotive industries in Asia Pacific are likely to be a major driver for the global glass additives market over the forecast period.
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Industry News
In November 2019, MetaShield launched NANOPRINT, a nanotech-based glass coating that reduces the accumulation of fingerprints on glass surfaces. These coatings are highly useful in the automotive and electronics sectors.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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