Press release
Advanced Glass Market is expected to grow at a CAGR of 7.07% during the forecasted period | Evolve Business Intelligence
• The global Advanced Glass market size is expected to reach $66.57 Billion by 2028 growing at a CAGR of 7.07% from 2021 to 2028.
• North America dominated the market in 2021
• Asia Pacific is expected to grow at the highest CAGR from 2021 to 2028
As per the study initiated by Evolve Business Intelligence, The global Advanced Glass market size is expected to reach $66.57 Billion by 2028 growing at a CAGR of 7.07% from 2021 to 2028. Advanced glass refers to a class of highly engineered glass materials that exhibit specialized properties and enhanced performance characteristics beyond those of traditional glass. These glasses are designed through innovative manufacturing processes, incorporating various additives and coatings to achieve specific functionalities such as improved strength, durability, transparency, thermal resistance, or unique optical properties. Advanced glass finds applications in a wide range of industries, including electronics, construction, automotive, and healthcare, where its tailored features contribute to the development of cutting-edge technologies and products.
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The Advanced Glass market is primarily driven by growing demand for energy-efficient solutions in the construction and automotive industries, coupled with advancements in electronics and display technologies, fostering the adoption of specialized glass for enhanced performance and functionality.
Key Players
Some of the major Advanced Glass Market players holding high market shares include Advanced Glass & Mirror Inc., Asahi Glass Co., Corning Inc., Fuyao Glass Industry Group Co. Ltd., and Huihua Glass Co. Limited. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Koch Industries, Nippon Sheet Glass Co. Ltd., Saint Gobain, Sisecam Group, and Tyneside Safety Glass.
Report Description: https://evolvebi.com/report/advanced-glass-market-analysis/
Segmental Analysis
Based on Product Type, the Advanced Glass market is segmented into Coated Glass, Laminated Glass, Toughened Glass, Ceramic Glass, and Others. The dominance of the Coated Glass segment in the Advanced Glass market is attributed to its ability to provide enhanced functionalities such as improved insulation, solar control, and durability through specialized coatings, catering to diverse industry needs.
Based on Function, the Advanced Glass market is Safety & security, Solar Control, Optics & Lighting, High Performance, and Others. The Advanced Glass market's projected high CAGR in the Safety & security segment is attributed to the increasing focus on public safety and stringent regulations, driving the demand for advanced glass technologies that offer superior impact resistance, shatterproof capabilities, and enhanced protection against security threats.
Based on End-User, the Advanced Glass market is segmented into Building & Construction, Aerospace & Defense, Automotive, Electronics, Sports & Leisure, and Others. The Building & Construction segment's dominance in the Advanced Glass market is attributed to the escalating global demand for energy-efficient and sustainable construction materials, with advanced glass offering superior thermal insulation, soundproofing, and aesthetic qualities, thereby driving its widespread adoption in architectural applications.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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