PUBLISHER: IMARC | PRODUCT CODE: 1370445
PUBLISHER: IMARC | PRODUCT CODE: 1370445
The global advanced glass market size reached US$ 69.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 97.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Advanced glass is a superior grade of glass manufactured by combining various components, including soda ash, pure silica (SiO2), fused quartz, natural gas, and sodium carbonate (Na2CO3). Unlike conventional glass, it undergoes several specific chemical and mechanical procedures that enhance its strength and durability for several applications. Apart from this, advanced glass has a high-performance index that protects from ultraviolet (UV) radiation, improves soundproofing characteristics, and provides security and resistance against acid erosion. Based on these properties, advanced glass finds extensive applications in screen protectors for multiple consumer electronics, flat panel displays, lenses, and windscreens. At present, it is commercially available in coated, toughened, laminated, and ceramic glass types.
With the signification expansion in construction activities, there has been increasing demand for effective value-added renovation materials, such as advanced glass, across various commercial and residential complexes, which is primarily driving the market growth. This can be further attributed to the ongoing investments in several infrastructural projects and the rising consumer awareness regarding the multiple benefits associated with the product. In line with this, the extensive utilization of advanced glass by original equipment manufacturers (OEMs) and automobile companies to compose easy-to-install vehicle windows is acting as another growth-inducing factor. The glass provides optimal comfort to the driver and passenger by inhibiting the heat release, further minimizing air conditioning load and improving fuel efficiency. Additionally, rapid technological advancements in the manufacturing process and the introduction of varying product types, such as smart, thin, safe crystal, nano canal, and self-cleaning glass, are contributing to the market growth. Other factors, such as extensive utilization of advanced glass in multiple consumer electronics, including laptops, desktops, and smartphones, and strategic collaborations amongst key players to enhance product performance and efficacy, are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced glass market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, function and end use industry.
Coated Glass
Laminated Glass
Toughened Glass
Ceramic Glass
Safety and Security
Solar Control
Optics and Lighting
High Performance
Building and Construction
Aerospace and Defense
Automotive
Electronics
Sports and Leisure
Optical
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Inc., Compagnie de Saint-Gobain S.A., Corning Incorporated, Fuyao Glass Industry Group Co. Ltd., Gentex Corporation, Koch Industries Inc., Nippon Sheet Glass Co. Ltd., Schott AG, Sisecam (Turkiye Is Bankasi A.S.), Tyneside Safety Glass and Xinyi Glass Holdings Limited.