Press release
Glass Additives Market Share, Demand, Trends, Outlook, Opportunities and Market Forecast 2023-2030
The market for glass additives is a vibrant and quickly developing subset of the larger glass industry. In order to improve the characteristics and uses of glass products, several materials are used into the glass manufacturing process. Features including improved electrical conductivity, stronger materials, better energy efficiency, and improved optical properties can all be brought about by the additions.
The market for glass additives is primarily driven by the construction industry's growing focus on ecologically friendly and energy-efficient building solutions. Low-emissivity (Low-E) coatings are one type of energy-efficient glass additive that is in high demand in order to comply with stringent energy codes and green construction standards. In addition, the automotive industry is gradually using glass additives to produce lightweight, energy-efficient glass for automobiles, in line with the industry's objectives to improve fuel efficiency.
Glass Additives Market Size and Growth Analysis
The Global Glass Additives Market reached US$ 1.1 billion in 2022 and is expected to reach US$ 1.4 billion by 2030, growing with a CAGR of 3.6% during the forecast period 2023-2030.
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Glass Additives Market Dynamics and Trends
Modern architecture uses a lot of high-performance glass because of its superior soundproofing, thermal insulation, and safety features. Urbanization and infrastructural development are major drivers of the worldwide construction sector. According to a worldwide construction research by Oxford Economics and global construction perspectives, the global construction output is expected to expand by a significant 85% by 2030, reaching US$15.5 trillion, which would have a significant impact on the glass additives industry.
High-performance glass plays a critical role in the car industry by improving safety, aesthetics, and energy efficiency. The desire for enhanced features by consumers and rising vehicle production are driving growth in the worldwide automotive glass market. Guardian Glass launched Guardian SunGuard SuperNeutral, a new glass coating, in July 2020 to meet the energy-efficiency standards of modern building.
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Glass Additives Market Segment Analysis
By Product
By Chemical Elements
By Application
By End-User
By Region
Major Companies Covered
Asahi Glass Co., Ltd., Saint-Gobain S.A., Nippon Sheet Glass Co., Ltd., AGC Inc., Guardian Industries, Central Glass Co., Ltd., Pilkington Group Limited, Vitro, S.A.B. de C.V., Schott AG and Sisecam Group.
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