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Green Building Boom Ignites Growth In The Advanced Glass Market: A Significant Driver Propelling The Advanced Glass Market In 2025
Advanced Glass Market Growth
What Is the Advanced Glass Market Size and Projected Growth Rate?
In the past few years, the size of the advanced glass market has shown significant growth. It is projected to increase from $70.46 billion in 2024 to a whopping $76.5 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this growth during the historical period include increased attention to energy efficiency, expansion in the automotive industry, the use of solar energy, government rules and standards, consumer inclination towards aesthetics, as well as concerns around safety and security.
The market size for advanced glass is projected to experience substantial expansion in the upcoming years. It is predicted to escalate to $102.81 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.7%. The expansion during the forecasted duration can be associated with the increasing demand for electric vehicles, global initiatives aimed at energy preservation, health and safety considerations in public domains, the need for advanced display technologies, and initiatives for a circular economy. Key trends during the prediction period include developments in coated glass technologies, automotive glazing that is lightweight, sustainable and reusable glass solutions, the incorporation of augmented reality in glass production, and progress in glass nanotechnology.
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What Are the Major Segments in the Advanced Glass Market?
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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What Are The Driving Advanced Glass Market Evolution?
The advancement of green construction is anticipated to catalyze the rise of the advanced glass market. Green structures, through their design and construction, can maintain or enhance the quality of life in their vicinity. Advanced architectural glass is instrumental in achieving credit points in six Leadership in Energy and Environmental Design (LEED) categories of a building project. It enables green buildings to lessen the energy used for heating, cooling, and artificial light. For example, in January 2023, the US Green Building Council (USGBC), a US-based global non-profit, reported that 100,000 LEED certified projects spanning over 11 billion gross square feet were approved. Moreover, in Q3 2022, more than 5,000 additional US projects achieved LEED certification, and in 2022, 8,800 further project registrations were noted. Thus, the growth in green buildings is propelling the expansion of the advanced glass market. The advanced glass market is predicted to grow, driven by the escalating expansion of the automotive industry. The automotive industry consists of multiple organizations and firms dedicated to the design, development, production, marketing, sales, and upkeep of vehicles. Advanced glass plays a significant role in this industry by enhancing safety, comfort, and overall vehicle performance. For example, the European Automobile Manufacturers' Association (ACEA) released a report in May 2023 stating that there was a 5.7% increase in worldwide vehicle production in 2022, with 85.4 million motor vehicles produced. Furthermore, the International Organization of Motor Vehicle Manufacturers noted that vehicle production rose from 80,145,988 in 2021 to 85,016,728 in 2022. Consequently, the expansion of the automotive industry is fueling the growth of the test and measurement equipment market.
Which Firms Dominate The Advanced Glass Market Segments?
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
What Trends Are Expected to Dominate the Advanced Glass Market in the Next 5 Years?
Leading firms in the advanced glass sector are concentrating on introducing novel features, such as enhanced scratch resistance that surpasses the performance of other lithium aluminosilicate cover glasses. The term "scratch resistance" pertains to a material's resilience against superficial scratches or any abrasions that might mar its look, texture, or functionality. For instance, Corning Inc., an American tech firm, unveiled Gorilla Glass 7i in June 2024. This product, specially designed for budget and mid-range smartphones, is equipped with a novel glass technology that affords double the scratch resistance and enhanced drop protection compared to similar market offerings. Developed with sustainability in mind, it caters to the requirements of up-to-date display technologies like OLED screens and brings the quality and durability associated with premium devices to customers across various price points.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Advanced Glass Market?
2. What is the CAGR expected in the Advanced Glass Market?
3. What Are the Key Innovations Transforming the Advanced Glass Industry?
4. Which Region Is Leading the Advanced Glass Market?
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