Advanced Glass Market Size, Opportunities, Share, Key Development Analysis, Top Suppliers, Growth, Regional Trends

Posted by Jack Martin on May 16th, 2024

Advanced glass refers to a category of high-performance glass products that have been engineered with specific characteristics to meet the demands of modern industries and applications. These glasses typically possess enhanced properties such as strength, durability, thermal insulation, optical clarity, and resistance to environmental factors.

The report “Advanced Glass Market by Type (Laminated Glass, Coated Glass, and Toughened Glass), End Use Sector (Commercial Construction, Residential Construction, Infrastructure, Automobiles, Electronics, Sports & Leisure), & by End Use Application (Safety & Security, Solar Control, Optics & Lighting, and High Performance) - Trends & Forecasts” defines and segments the advanced glass market with analyses and projection of the size and trends, in terms of value as well as volume. It also identifies the driving and restraining factors for the market with analyses of opportunities, burning issues, and challenges. The market has been segmented into key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW); their market in terms of value and volume has been projected. The size of the markets in key countries has also been covered and projected.

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Key features of advanced glass include:

1. Energy Efficiency: Advanced glass often incorporates technologies like low-emissivity coatings and insulated glazing systems to improve thermal insulation, thereby reducing heating and cooling costs in buildings and vehicles.

2. Safety and Security: Some advanced glass variants are designed to withstand impacts, breakage, and extreme weather conditions, offering increased safety and security for occupants.

3. Optical Clarity: Advanced glass can be formulated to maintain high optical clarity, making it suitable for applications such as high-resolution displays, optics, and lenses.

4. Chemical Resistance: Certain types of advanced glass exhibit resistance to chemicals, corrosion, and abrasion, making them suitable for use in harsh environments such as laboratories and industrial facilities.

5. Specialized Functions: Advanced glass can be tailored to provide specific functionalities, such as self-cleaning properties, anti-fogging coatings, and UV protection, catering to diverse industry needs. 

The advanced glass market was projected to reach .57 Billion by 2020, growing at a CAGR of around 9.6% from 2015 and 2020. Factors such as improving economic conditions in countries and increasing end-use applications are the major drivers of the advance glass market. Advanced glass is one of the special grades of glass, which has specific characteristics and properties and is designed for some particular end use. Advanced glass is segmented on the basis of type into laminated glass, coated glass, and toughened glass. In terms of application, the market for advanced glass is classified into commercial construction, residential construction, infrastructure, automobiles, electronics, sports, and leisure. Laminated glass dominated the advanced glass market with ~ 39% market shares in 2014. In terms of volume, the advanced glass market is estimated to be 4912.36 Million sq. ft. by 2020.

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Applications of advanced glass span across various sectors, including:

• Construction: Used in windows, facades, skylights, and partitions to enhance energy efficiency, aesthetics, and occupant comfort.

• Automotive: Employed in windshields, windows, and sunroofs to improve safety, reduce glare, and enhance vehicle aesthetics.

• Electronics: Utilized in displays, touchscreens, and optical components for consumer electronics, smartphones, tablets, and automotive displays.

• Healthcare: Applied in medical devices, laboratory equipment, and pharmaceutical packaging due to its hygienic, sterilizable, and chemical-resistant properties.

Emerging countries such as China, India, Brazil & Argentina are transforming into key markets for advanced glass, due to extensive development of automobile and construction sector in these countries. The emergence of China as global electronics manufacturing hub makes it a lucrative market for advanced glass manufacturers. The increasing demand for advanced glass in research & development as well as medical applications, has created new opportunities for advanced glass manufacturers. Considering the extensive investment in aerospace and defense sector in Asia-Pacific and North American region, the demand for advanced glass is bound to increase in forthcoming years.

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The advanced glass market was witnessing significant growth, driven by various factors such as increasing demand for energy-efficient glass solutions, advancements in technology, and growing applications across industries like construction, automotive, electronics, and healthcare. Some of the top players in the advanced glass market include:

1. Corning Incorporated
2. Asahi Glass Co., Ltd. (AGC)
3. Saint-Gobain S.A.
4. SCHOTT AG
5. Nippon Sheet Glass Co., Ltd. (NSG Group)
6. Guardian Industries
7. Sisecam Group
8. Fuyao Glass Industry Group Co., Ltd.
9. PPG Industries, Inc.
10. Xinyi Glass Holdings Limited
11. Ohers.