Advanced Glass Market is Forecasted to Reach US$ 112.5 Billion in 2028, Says Stratview Research

The global advanced glass market is projected to witness a growth rate of 9.4% annually from 2023 to 2028, with an anticipated size of US$ 112.5 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global advanced glass market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 112.5 billion
Growth (CAGR): 9.4% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Advanced Glass Market:

The global Advanced Glass market is segmented based on Type, End-Use Industry type, Function type, and Region.

Based on type - The market is segmented as laminated glass, coated glass, toughened glass, and others. The laminated glass segment dominated the market and is expected to maintain its position during the forecast period as well. The expanding construction industry and rising disposable income of consumers are the major factors behind the dominance of the segment.

Based on end-use industry type - The advanced glass market is segmented as commercial construction, residential construction, infrastructure, automotive, electronics, sports, leisure, and others. The commercial construction segment holds the largest share of the market and is also expected to witness healthy growth during the forecast period. Revival of the construction industry from subprime crises and euro-debt crises along with significant economic development in the Asia-Pacific region is the major factor driving the growth of the entire construction industry.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/857/advanced-glass-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The North American market held the highest market share in 2023 and is projected to grow at a healthy CAGR during the forecast period. This is ascribed to the growing adoption of cloud and IoT, rising use of the web, and surging demand for realistic virtual views of 3D products for marketing purposes by small & medium businesses and government bodies, which bolsters the regional market growth during the review period.

Advanced Glass Market Drivers:
Some of the key drivers listed in the report are given below.
• Rising adoption of smart and low-emissivity glass to improve insulation and reduce energy consumption.
• Increased use of lightweight, durable, and UV-protective glass in modern vehicle designs.
• Integration of electrochromic and self-cleaning glass in commercial and residential applications.
• The expanding global construction industry.
• Increasing demand from the automotive industry.
• Increasing use in consumer electronics.

Top Companies in the Advanced Glass Market:
Stratview Research has identified the following companies as the top market players.
• Asahi Glass Co.
• Corning Inc.
• Fuyao Glass Industry Group Co., Ltd.
• Gentex Corporation.
• Guardian Industries
• Nippon Sheet Glass Co., Ltd.
• Pittsburgh Plate Glass Industries
• Saint Gobain
• Sisecam Group
• Xinyi Glass Holdings Limited
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Advanced Glass Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.