Press release
Advanced Glass Market 2024 - By Size, Share, Trends, Demand, Global Challenges, Competitive Growth And Outlook By 2033
Advanced Glass Market
The advanced glass market size is expected to see strong growth in the next few years. It will grow to $94.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rising popularity of electric vehicles, global efforts for energy conservation, health and safety concerns in public spaces, demand for high-performance displays, circular economy initiatives.. Major trends in the forecast period include innovations in coated glass technologies, lightweight automotive glazing, sustainable and recyclable glass solutions, integration of augmented reality in glass manufacturing, advancements in glass nanotechnology..
Market Overview -
Advanced glass refers to glass that has been engineered with special properties to make it more robust, more durable, or more energy efficient. It is made from a combination of pure silica (fused quartz, SiO2), natural gas, iron, and sodium carbonate and is used to improve energy efficiency and performance in electronics.
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Green Building Boom Ignites Growth In The Advanced Glass Market
The expansion of green buildings is expected to propel the growth of the advanced glass market going forward. Green buildings can sustain or enhance the quality of life in the surrounding area due to design and construction. Advanced architectural glass can help a building project achieve credit points in six Leadership in Energy and Environmental Design (LEED) categories. It can assist green buildings in reducing the energy consumption for heating, cooling, and artificial lighting all at once. For instance, in January 2023, according to the US Green Building Council (USGBC), a US-based non-profit organization globally, 100,000 Leadership in Energy and Environmental Design (LEED)-certified projects covering more than 11 billion gross square feet- have been approved. Further, over 5,000 additional projects in the US were LEED certified in Q3 2022, and 8,800 additional project registrations were made in 2022. Therefore, the expansion of green buildings is driving the advanced glass market.
Competitive Landscape -
Major companies operating in the advanced glass market report are Saint-Gobain S.A., PPG Industries Inc, Kyocera Corporation, AGC Inc., Corning Inc., Hoya Corporation, Guardian Industries LLC, Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings Limited, Schott AG, Vitro S.A.B. de C.V., Gentex Corporation, Central Glass Co., Ferro Corporation, China Glass Holdings Limited, Cardinal Glass Industries, Sisecam Group, Ohara Corporation, Technical Glass Products Inc., Euroglas GmbH, Abrisa Technologies Inc., Sumita Optical Glass Inc., Tyneside Safety Glass Company Limited, Vuzix Corporation, Accuratus Corporation, Advanced Glass & Mirror Corp, American Precision Glass Corp., Pegasus Glassworks Inc, Nippon Sheet Glass Co., Glaston Corporation
Bullet-Resistant And Forced Entry Protection Glass Revolutionizing Security And Safety
Major companies operating in the advanced glass market are focusing on developing innovative products such as bullet-resistant and forced entry protection glass to better meet the needs of existing consumers. Bullet-resistant and forced entry protection glass is a type of glass that is designed to withstand bullets and forced entry attempts. It is typically made of multiple layers of glass with a plastic interlayer in between. For instance, in October 2021, Thompson Innovative Glass, a US-based provider of premier glass fabrication, launched the Defender line of bullet-resistant and forced entry protection glass. They are uniquely designed glass series that provide various options, eliminate risks, and have been tested to endure intense physical assaults. Through independent testing, the Defender BR-rated items are confirmed to meet and exceed those levels' UL safety code standards. It gives time for people to react and for first responders to get there. When used as an external treatment, it also brings the added benefit of severe weather protection.
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Key Segments -
The advanced glass market covered in this report is segmented -
1) By Type: Laminated Glass, Tempered Glass, Ceramic Glass, Other Types
2) By Application: Solar Control, Safety And Security, Optics And Lighting, High Performance, Other Applications
3) By End-Use: Construction, Infrastructure, Automobiles, Electronics, Other End-Uses
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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