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Advanced Glass Market (Function - Safety & Security, Solar Control, Optics & Lighting, and High Performance; Product Type - Coated Glass, Laminated Glass, Toughened Glass, and Ceramic Glass; End-user - Building & Construction, Aerospace &Defence, Automotive, Electronics, Sports & Leisure, Optical, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : CM0326

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the advanced glass market provides an in-depth analysis of segments and sub-segments in the global as well as regional advanced glass market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional advanced glass market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global advanced glass market. According to the report, the global advanced glass market is projected to grow at a CAGR of 7.5% over the forecast period of 2020-2026.

 

Market Insight

Advanced glass is a specialized and processed glass with unique properties. They are used for numerous purposes such as safety & security, solar control, optics & lighting for commercial and non-commercial level. Advanced glasses offer a wide range of applications such as safety, weight reduction, reduced sound and UV control and are used in end-user industries such as building & construction, aerospace &defence, automotive, electronics, sports & leisure, optical, and others. Additionally, the current concerns over the spread of coronavirus infection are creating a major decline in demand for advanced glasses in the global market. As the coronavirus (COVID-19) continues to spread rapidly, it is severely impacting the automotive and construction industry due to the disruption to the supply chain. Further, lockdowns announced by governments to regulate the spread of the COVID-19 outbreak have also caused a downturn in productivity and affected the production of advanced glass. Additionally, manufacturing industries such as automotive, electronics, aerospace, and defence reduced their production capacity due to the limited availability of workforce, raw material unavailability due to restrictions on transportation of non-essential products. These parameters have also led to a considerable reduction in company revenues, which in turn will also affect the investment planning for R&D and product development. Furthermore, glass manufacturers majorly source their raw material from China which will also affect production and cause supply chain disruption in the market for the short term. Nevertheless, by the mid-term of 2021, the industry is expected to witness stability due to strong intervention from several country governments to improve the manufacturing sector to reduce dependence on China and thus boost the economy.

 

The rapid growth of the construction industry and extensive development of the automobile and automotive sector in emerging countries such as Brazil, China, India, & Argentina is the key driving factor for the growth of the advanced glass market. Rising demand for energy-efficient products will escalate market growth. Further, stringent government regulations on safety will boost the demand for advanced glass market. An increasing need for infrastructure development along with a growing demand for better aesthetics in both residential & non-residential buildings will increase the demand for advanced glasses. However, the high costs associated with advanced glasses may hamper market growth. Furthermore, increasing focus R&D activities by key players and rising application areas in the healthcare sector will offer large opportunities to the advanced glass market in the forecast period. 

 

Geographically, Asia Pacific held the largest share in the advanced glass market in 2019. China and India are the key revenue generators in Asia Pacific advanced glass market. The factors such as rapid growth in electronics and manufacturing industry and rising need for energy-efficient products will increase demand for the advanced glass market in this region. Further, North America will witness rapid growth in the forecast period owing to the increasing focus on R&D activities and increasing infrastructure development projects.

 

Segment Covered

The report on the global advanced glass market covers segments such as function, product type, and end-user. On the basis of function, the sub-markets include safety & security, solar control, optics & lighting, and high performance. On the basis of product type, the sub-markets include coated glass, laminated glass, toughened glass, and ceramic glass. On the basis of end-user, the sub-markets include building & construction, aerospace &defence, automotive, electronics, sports & leisure, optical, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Advanced Glass & Mirror Inc., Asahi Glass Co., Corning Inc., Saint Gobain, Fuyao Glass Industry Group Co. Ltd., Huihua Glass Co. Limited, Koch Industries, Nippon Sheet Glass Co. Ltd., Sisecam Group, and SCHOTT AG.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of advanced glass market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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