Press release
Advanced Glass Market Set to Reach $102.81 Billion by 2029 with 7.7% Yearly Growth
Advanced Glass Market Size
The advanced glass market is set to benefit from an anticipated surge in green buildings. These structures, which are designed and constructed with the environment in mind, can deliver a better quality of life for their surroundings. The use of advanced architectural glass can not only achieve Leadership in Energy and Environmental Design (LEED) credits in as many as six categories but also support green buildings in energy saving for heating, cooling, and artificial light. In a demonstration of this trend, the US Green Building Council reported in January 2023 that it had approved 100,000 LEED-certified projects covering over 11 billion gross square feet globally. Additionally, over 5,000 US projects were LEED-certified in the third quarter of 2022 alone, with 8,800 new registrations happening that year. With this in mind, the rise of green buildings is pushing the advanced glass market forward. Advanced Glass Market Driver: Boom in Automotive Industry Boosting Advanced Glass Market
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How will the growth rate of the advanced glass market shape industry trends by 2034?
In the past few years, the advanced glass market has seen a solid expansion. The market is anticipated to increase from $70.46 billion in 2024 to $76.5 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 8.6%. The market's growth in the historical period is linked to heightened attention to energy efficiency, expansion in the automotive industry, use of solar energy, government rules and standards, aesthetic preferences among consumers, and concerns about safety and security.
The market size for advanced glass is predicted to experience significant growth in the upcoming years. By the year 2029, the market is projected to expand to $102.81 billion, with a compound annual growth rate (CAGR) of 7.7%. The projected increase during this period can be traced back to factors such as increased popularity of electric cars, worldwide push for conserving energy, concerns regarding health and safety in public areas, high demand for high-efficiency displays, and initiatives for a circular economy. Key trends expected during the forecast period encompass advancements in coated glass technology, lightweight automotive glazing, sustainable and reusable glass solutions, implementation of augmented reality into glass production, and progress in glass nanotechnology.
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What trends are poised to drive the future success of the advanced glass market?
The advanced glass market is seeing a trend of leading corporations concentrating on pioneering developments such as scratch resistance, which offers twice as much protection against scratching as other types of lithium aluminosilicate cover glasses. Scratch-resistant materials are those that can withstand surface damage, which could alter their look, feel, or performance. As an illustration, Corning Inc., a technological company in the US, brought to market the Gorilla Glass 7i in June 2024, which was crafted explicitly for mid-range and cost-effective smartphones. This fresh glass technology ensures superior drop safeguarding and boasts double the scratch resistance in comparison to its counterparts. This was created especially for mid-range smartphones, providing them with the resilience associated with higher-end devices. In addition to being developed with sustainability in mind, it meets the requirements of contemporary displays such as OLED screens. Ultimately, this innovative breakthrough introduces top-tier protection to a broader consumer base.
Which primary segments of the advanced glass market are driving growth and industry transformations?
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
Subsegments:
1) By Laminated Glass: Safety Glass, Soundproof Glass
2) By Tempered Glass: Heat-Strengthened Glass, Float Glass
3) By Ceramic Glass: Glass-Ceramic Cooktops, High-Temperature Applications
4) By Other Types: Coated Glass, Smart Glass, Reflective Glass
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Which geographical regions are pioneering growth in the advanced glass market?
North America was the largest region in the advanced glass market in 2024. The regions covered in the advanced glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the advanced glass market 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
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What Is Covered In The Advanced Glass Global Market Report?
• Market Size Forecast: Examine the advanced glass market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the advanced glass market for a structured understanding.
• Key Players Overview: Analyze major players in the advanced glass market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the advanced glass market.
• Segment Contributions: Evaluate how different segments drive overall growth in the advanced glass market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the advanced glass market.
• Industry Challenges: Identify potential risks and obstacles affecting the advanced glass market.
• Competitive Landscape: Review strategic developments in the advanced glass market, including expansions, agreements, and new product launches.
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