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Comprehensive 2025 Advanced Glass Market Overview: Trends, Forecasts, and Growth Drivers
Advanced Glass
What Is the Expected CAGR for the Advanced Glass Market Through 2025?
In recent periods, the advanced glass market has exhibited significant growth. Its size is projected to escalate from $70.46 billion in 2024, reaching approximately $76.5 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. This substantial growth trajectory in the historical period largely stems from growing emphasis on energy efficiency, expansion of the automotive industry, applications involving solar energy, government norms and regulations, aesthetic preferences amongst consumers, and factors relating to safety and security.
What's the Projected Size of the Global Advanced Glass Market by 2029?
In the upcoming years, the advanced glass market size is anticipated to witness robust expansion. It's projected to reach $102.81 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 7.7%. The expected hike in the forecast period can be linked to the growing appeal of electric vehicles, worldwide energy-saving undertakings, health and safety issues in shared spaces, demand for high-performance visual displays, and initiatives related to the circular economy. Key trends to watch for during the forecast period encompass developments in coated glass technologies, lightweight glazing solutions for automotive, eco-friendly and recyclable glass options, the incorporation of augmented reality in the production of glass, and breakthroughs in glass nanotechnology.
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Top Growth Drivers in the Advanced Glass Industry: What's Accelerating the Market?
The advanced glass market is poised for growth with the increased emphasis on green constructions. Advanced architectural glass plays an integral role in green buildings, enhancing the quality of life around, due to its design and construction. It helps achieve Leadership in Energy and Environmental Design (LEED) credit points in six different categories, thereby aiding in energy conservation for various processes like heating, cooling and artificial lighting. For instance, a report from January 2023 revealed that the US Green Building Council (USGBC) approved 100,000 LEED-certified projects, equating to over 11 billion gross square feet worldwide. Concurrently, the United States saw an addition of over 5,000 LEED-certified projects in the third quarter of 2022 and received 8,800 new project registrations throughout the year. Hence, the growth in green buildings is fuelling the advanced glass market. The advanced glass market is also gaining momentum with the exponentially growing automotive industry. The industry comprises numerous organizations and businesses engaged in the design, development, production, marketing, sales, and upkeep of motor vehicles. In this regard, advanced glass plays a crucial role as it heightens safety, comfort, and overall performance of the vehicles. As per a report by the European Automobile Manufacturers' Association (ACEA) in May 2023, there was a production of 85.4 million motor vehicles globally in 2022, marking a 5.7% rise from 2021. Similarly, data from the International Organization of Motor Vehicle Manufacturers highlighted an increase in the total production of cars and commercial vehicles from 80,145,988 in 2021 to 85,016,728 in 2022. Thus, the burgeoning automotive industry is propelling the advanced glass market.
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What Trends Will Shape the Advanced Glass Market Through 2029 and Beyond?
Renowned corporations navigating the advanced glass industry are concentrating on procurement of breakthroughs such as double standard scratch resistance, compared to other cover glasses using lithium aluminosilicate. Essentially, scratch resistance is the proficiency of a material to remain immune to surface scratches or abrasions that could potentially alter its aesthetic, texture, or overall functionality. Take for example, in June 2024, the American tech firm, Corning Inc., introduced Gorilla Glass 7i, precisely engineered for mid-range and reasonably priced smartphones. This innovative glass technology presents superior drop protection and double the scratch resistance relative to its counterparts. It is tailored towards mid-tier smartphones, supplying the sturdiness associated with premium-grade devices. It is designed with future sustainability in mind, proving it can meet the requirements of contemporary displays such as OLED screens. This advancement brings elite protection to an expanded pool of consumers.
What Are the Main 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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Which Top Companies are Driving Growth in the Advanced Glass Market?
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
Which Regions Will Dominate the Advanced Glass Market Through 2029?
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
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