Jun 10, 2022   SOURCE: BusinessWire

Global Advanced Glass Market Report (2022 to 2030) - Featuring Advanced Glass & Mirror, Asahi Glass and Corning Among Others - ResearchAndMarkets.com

The "Advanced Glass Market by Glass Type, Function, Verticals - Global Opportunity Analysis and Industry Forecast, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The Global Advanced Glass Market size is valued at USD 65.89 billion in 2021 and is projected to garner USD 117.93 billion by 2030, witnessing a CAGR of 6.7% from 2022 to 2030.

Advanced glasses are superior grade glasses, manufactured using soda-ash, natural gas, and silica sand. Depending on their application, these glasses undergo various chemical and mechanical procedures, hence offering highly technical and technological advancements.

These glasses have numerous advantages such as resistance to ultra-violet rays, solar control, UV protection, sound reduction, durability, safety, and security. Due to the high-performance index, these glasses have wide applications in different industry verticals such as construction, automotive, electronics, sports, optics, lighting, as well as aerospace & defense.

Market Dynamics and Trends

The upsurge in urbanization demands better construction of residential, commercial, and industrial infrastructures. The growing demand for advanced infrastructures and modern architectures is bolstering the global advanced glass market growth. Besides, increasing adoption of advanced glasses in optics, lighting, electronic gadgets, home appliances, and other cutting-edge technologies are to propel the market growth during the forecast period.

However, high-cost raw materials and their accessibility may hinder the growth of the global advanced glass market, during the forecast period. Moreover, factors like rising demands for value-added materials in infrastructural advancements, stringent building & automobile safety codes, emerging economies proceeding to larger markets, and heavy investments in R&D activities, are to create lucrative opportunities in the global advanced glass market in the future.

Market Segmentations and Scope of the Study:

The advanced glass market share analysis is based on application, end-user, and geography. Based on glass type, the market is segmented into laminated glass, coated glass, toughened glass, and others. Other types of advanced glass are chemically strengthened glass, ceramic glass, and filter glass. Based on function, the market covers optics & lighting, high performance, safety & security, solar control, and others.

Based on verticals, the market is classified into construction, electronics, aerospace & defense, automotive, sports & leisure, and others. The construction segment is segmented into residential & commercial construction, infrastructure construction, and industrial construction. Geographic breakdown and analysis of each of the previously mentioned segments are included for the regions including North America, Europe, Asia-Pacific, and LAMEA.

Geographical Analysis

North America denotes a higher adoption of advanced glass, hence it is expected to hold the highest advanced glass market share during the forecast period. This is attributable to the factors like growth in energy-efficient building projects, high R&D investments, high consumer awareness, and technological advancements.

It is expected that the emerging economies, specifically the Asia-Pacific region shall witness a growing market size, owing to factors such as a rise in infrastructure expenditure, increasing demand for highly precise structured glasses, proliferating automobile sales, and increasing vehicle manufacturing capacities.

Key Market Segments

Global Advanced Glass Market - By Type

  • Safety & Security
  • Solar Control
  • Optics & Lighting
  • High performance

Global Advanced Glass Market - By Application

  • Building and Construction
  • Aerospace & defense
  • Automotive
  • Electronics
  • Sports and Leisure
  • Optical
  • Others

Global Advanced Glass Market - By Product

  • Coated glass
  • Laminated glass
  • Toughened glass
  • Ceramic glass

Global Advanced Glass Market - By Geography

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Korea
  • Australia
  • Rest of Asia-Pacific
  • RoW
  • Brazil
  • Argentina
  • South Africa
  • Remaining Countries

Companies Mentioned

  • Advanced Glass & Mirror Inc.
  • Asahi Glass Co.
  • Corning Inc.
  • Fuyao Glass Industry Group Co. Ltd.
  • Huihua Glass Co. Limited
  • Koch Industries
  • Nippon Sheet Glass Co. Ltd.
  • Saint Gobain
  • Sisecam Group
  • Tyneside Safety Glass

For more information about this report visit https://www.researchandmarkets.com/r/xbf06c