The new report by Expert Market Research titled ‘Global Advanced Glass Market Size, Share, Trends, Scope, Report and Forecast 2023-2028’, gives an in-depth analysis of the global advanced glass market, assessing the market based on its segments like function, product, end-use, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 71.06 billion
- Forecast CAGR (2023-2028): 7.6%
- Forecast Market Size (2028): USD 111.69 billion
Rapid urbanisation, particularly in emerging nations is driving the demand for advanced glass, as a rising number of people migrate to metropolitan areas. As the urban population grows, so does the need for housing, which is predicted to promote the expansion of the advanced glass sector.
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Furthermore, increased demand for the rehabilitation and expansion of commercial and industrial infrastructure as a result of rapid urban development is expected to fuel market growth. The influx of public and private capital into the construction sector is expected to fuel the market’s expansion even further.
Advanced Glass Industry Definition and Major Segments
Advanced glass is widely used in a variety of high-tech and specialty applications. In comparison to conventional glasses, these specialised glasses contain extra ingredients or may have completely different compositions, which are often based on modern technology.
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By function industry, the market is divided into:
- Safety and Security
- Solar Control
- Optics and Lighting
- High Performance
By product type, the market is divided into:
- Coated Glass
- Laminated Glass
- Toughened Glass
- Ceramic Glass
By end use, the market is divided into:
- Building and Construction
- Aerospace and Defence
- Sports and Leisure
The global regions for radiology positioning aids market include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Advanced Glass Market Trends
The fast integration of advanced glass into the construction and building sectors has fuelled global demand. The increasing development of sophisticated glass types to give benefits such as noise cancellation, safety, UV management, and sound reduction is expected to boost market expansion.
Further technical advancements to improve energy efficiency and productivity are expected to catalyse market expansion throughout the forecast period. Smart glass, thin glass, safety crystal, nano canal glass, organic glass, and self-cleaning glass are all projected to drive market expansion.
Key Market Players
The major players in the market are AGC Inc., Corning Inc., Fuyao Glass Industry Group Co. Ltd., Saint-Gobain, Nippon Sheet Glass Co., Ltd., and others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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