Advanced Glass Market

Advanced Glass Market Insights

“The global advanced glass market was estimated at US$ 65.38 billion in 2022 and is expected to grow at a CAGR of 9.4% during 2023-2028 to reach US$ 112.5 billion by 2028.”

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Introduction

Advanced glass is special and unique grades of glass having specific characteristics and properties designed for specific end use. To improve durability, strength, and aesthetic appearance these glasses undergo specialized chemical and mechanical processes.

Advanced glass can be categorized into laminated glass, coated glass, toughened glass and others. These glasses find applications in various industries including commercial construction, residential construction, infrastructure, automotive, electronics, sports, and leisure. Based on function type, advance glass can be categorized into safety & security, solar control, optics & lighting, high performance, and others.

Advanced Glass Market Drivers

The prime factors that are driving the advanced glass market are:

• 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.

Advanced Glass Market Segments' Analysis

By Type

“The laminated glass segment dominates the market.”

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.

End-Use Industry Insights

"The commercial construction segment dominates the market."

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.

Regional Insights

"North America accounted for the largest market share."

North America is estimated to be the largest market for advanced glass during the forecast period. Significant demand from various end-use industries and the presence of major players in the region are the major factors behind the dominance of the region in the global advanced glass market. Asia-Pacific is expected to witness the highest growth during the forecast period. China, Japan, South Korea, and India are the driving force of the region’s market.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the advanced glass market (arranged alphabetically).

• 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.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s advanced glass market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players based on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com