Borosilicate Glass Market to Hit US$ US$ 4 Billion by 2032 | Future Market Insights

Borosilicate glass sales are anticipated to increase significantly, from US$ 2.03 billion in 2022 to US$ 4 billion in 2032. The industry is anticipated to grow at a CAGR of 7 percent from 2022 to 2032. The expansion of the solar power sector is responsible for the market's expansion.

Borosilicate glass is a type of glass in which silica and boron trioxide are the main constituents in the formulation of glass. Borosilicate glass contains eighty one percent silica, twelve percent boric oxide, five percent soda and two percent alumina.

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Borosilicate glass is manufactured by melting & combining silica sand, boric oxide, alumina and soda ash. The process of manufacturing depends upon the product geometry. Borosilicate glass has various properties, which include low thermal expansion coefficient, high thermal resistance, high chemical corrosion resistance, high mechanical strength and low gas melting temperature, among others. Owing to these diverse properties, borosilicate glass has a variety of applications ranging from cookware to laboratory equipment. In addition, borosilicate glass is widely used in medical implantable devices as well as electronic devices.

Borosilicate glass is also used in solar panels and in rear windshields in certain automotive vehicles. Borosilicate glass is manufactured under several trade names, which include Pyrex, Borosil, Supermax, Endural, etc. Despite high thermal resistance, borosilicate glass can be cracked due to sudden or uneven temperature variations. Moreover, borosilicate glass cannot be heated with strong alkaline solutions or phosphoric acid, and these are some of the drawbacks associated with the usage of borosilicate glass.

Borosilicate Glass Market: Regional Outlook

Rapid growth of population, along with increasing urbanisation and rise in disposable income, has increased the consumption of consumer & home appliances in the Asia Pacific region. In addition, the growth of the electronic and semiconductor industries in countries, such as South Korea, Japan, China and Taiwan, has also boosted the borosilicate glass market in the region. Moreover, government initiatives for the development of solar power stations in countries such as China & India have also contributed to market growth. Owing to the above-mentioned factors, Asia Pacific is estimated to be a prominent market for borosilicate glass.

Despite being mature economies, regions such as North America and Western Europe will be promising markets for borosilicate glass due to its increasing adoption for various applications. The implementation of solar power projects, along with increasing urbanisation and rising spending capacity, is expected to make Latin America a lucrative potential market for borosilicate glass. The Middle East and Africa is expected to collectively become a strong market for borosilicate glass owing to its increasing demand for various end-use applications.

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Borosilicate Glass Market: Key Participants

Examples of some of the market participants operating in the global borosilicate glass market are:
Corning Incorporated, AGC Inc., SCHOTT AG, GVB GmbH, Hangzhou AiJia's glass Products Co., Ltd., Swift Glass, Borosil Glass Works Ltd., Hilgenberg GmbH, Gerresheimer AG, Noble Glass Works Pvt. Ltd. and Kavalierglass of North America, Inc.

The borosilicate glass market research report presents a comprehensive assessment of the borosilicate glass market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the market segments such as geographies, application and industry.

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Borosilicate Glass Market: Segmentation

The global borosilicate glass market can be segmented on the basis of type and end-use industry.
The global borosilicate glass market is segmented on the basis of type as:
• Non-alkaline-earth borosilicate glass
• Alkaline-earth-containing borosilicate glass
• High-borate borosilicate glass

The global borosilicate glass market is segmented on the basis of end-use industry as:
• Laboratories & Pharmaceuticals
• Electronics & Semiconductor
• Lighting
• Home & Commercial Appliances
• Automotive

The borosilicate glass market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Borosilicate glass market attractiveness as per segments. The report also maps the qualitative impact of various market factors on the borosilicate glass market segments and geographies.

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