Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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 the 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.
Please Choose One of them.