According to a new market report published by Lucintel, the future of the advanced glass market looks promising with opportunities in the commercial construction, residential construction, and infrastructure sectors. The global advanced glass market is expected to grow with a CAGR of 9% from 2020 to 2025. The major drivers for this market are stringent building & automobile safety codes, rapid urbanization, growing construction activities, and developing economies transforming into large markets.
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Advanced glass is a type of glass produced when one or more surfaces of the glass is coated with a thin metal oxide film. In this market, laminated glass, coated glass, and toughened glass are the major product types of advanced glass. Lucintel forecasts that toughened glass will remain the largest product type segment over the forecast period, as there is rapid growth of the construction industry in developing economies and increasing use of toughened glass in furniture.
Within this market, safety & security will remain the largest application segment over the forecast period due to growing use of advanced glass in the manufacturing, construction, oil & gas, chemical, and mining industries. Also, defending passengers from injury or damage is another major growth factor behind this application segment.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing in awareness among people of the benefits of advanced glass and its application in building power generation solar panels in Japan and China.
Pittsburgh Plate, Asahi, Saint Gobain, Corning, Nippon Sheet Glass, Guardian, Sisecam, Xinyi Glass, Fuyao Glass, and Gentex are among the major suppliers in the global advanced glass market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global advanced glass market by product type, application, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Advanced Glass Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global advanced glass market by product type, application, end use, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Laminated Glass
Coated Glass
Toughened Glass
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Safety and Security
Fire Rated
Solar Control
High Performance
Others
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Commercial Construction
Residential Construction
Infrastructure
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
Italy
France
This more than 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.