Advanced Glass Market is poised to grow at a CAGR of over 6.7% during the forecast period of (2022-2030)
Technological advancement and development of building & construction industry are the major factors which are expected to drive the growth of advanced glass industry during the forecast period of 2022-2030.
The Advanced Glass Market is expected to witness a CAGR of around 6.7% from 2022-2030, as per a new report published by Next Move Strategy Consulting.
According to the report, increase in urbanization and increase in demand for value-added materials in housing as well as corporate centre construction are expected to drive the advanced glass market growth. Moreover, increase in awareness about availability of extensive range of design flexibilities provided by advanced glass are the other factors supporting the growth of the global advanced glass market.
Based on glass type, the global advanced glass market is segmented into coated glass, laminated glass, toughened glass, and others. The laminated glass segment accounted for the largest market share in 2019 and it is likely to maintain the lead in the coming years. The growth of the laminated glass segment is driven increase in its demand for used for the safety and security purposes and rise in awareness about advantages of using laminated glass such as safety and security, energy savings, increased durability and sound proof.
Based on function, the global advanced glass market is segmented into safety & security, solar control, optics & lighting, high performance and others. The safety & security segment is projected to account for the largest market share, which is fuelled by rise in demand for advanced glass with greater design flexibility along with safety and increase in number of market players manufacturing advanced glass focusing on safety and security function. Higher preference of advanced glass in the solar control application is one of the key advanced glass market trend in the recent years.
Based on verticals, the global advanced glass market is segmented into construction, aerospace &defence, automotive, electronics, sports & leisure, optical, and others. The construction segment is projected to account for the largest advanced glass market share and is driven by increase in focus on infrastructural designs during construction, especially in urban areas and cities across the globe and rapid evolution of construction industry marked by the use of safer and durable building materials. Also, emergence of new technologies used in manufacturing advanced glass for construction with a view to cater the specific requirements for non-residential, residential and corporate buildings is also important factor driving the growth of the market during the forecast period.
The prominent players in the advanced glass market are Asahi Glass Co., Saint Gobain, Advanced Glass & Mirror, Inc., PPG IndustriesInc., Corning Inc., Guardian Industries, Sisecam Group, Nippon Sheet Glass Co., Ltd., Schott AG, Sangalli Vetro Manfredonia, Glaze-Tech Industrie, NSG Co and Atheer, Inc.
Browse key industry insights spread across 365 pages with 334 market data tables & 314 figures & charts from the report at https://www.nextmsc.com/report/advanced-glass-market in detail along with the table of contents:
Key Insights from the Advanced Glass Market Report:
- North America is the global leader in the global advanced glass market, followed by North America and is expected to maintain is lead during the forecast period. The market in North America is driven increase in number of constructions using advanced glass, especially for corporate building construction such as business hotels and offices
- The market share for building & construction segment is expected to be largest in 2030 owing to increase in demand for special grades of glass with rise in Commercial & Residential Construction projects in emerging countries of Asia Pacific
- Next Move Strategy Consulting has identified key players in advanced glass market includesAsahi Glass Co., Saint Gobain, Advanced Glass & Mirror, Inc., PPG Industries Inc., Corning Inc., Guardian Industries, Sisecam Group, Nippon Sheet Glass Co., Ltd., Schott AG, Sangalli Vetro Manfredonia, Glaze-Tech Industrie, NSG Co and Atheer, Inc.
The Report Advanced Glass Market – Segmented by Product Type, Function, End Use Sector and Geography
About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
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