Emerging Evolution In Global Sodium Borosilicate Market: Growth, Trends and Forecast, 2016 - 2024

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Sodium borosilicate is a glass material consisting of sodium, silica, and boron trioxide and is commonly used as laboratory glassware. Sodium borosilicate is resistant to thermal shock and has high melting point. The boric oxide content in sodium borosilicate affects the glass properties in a particular way.

The density of sodium borosilicate is less due to the lower atomic mass of the boron atom. Sodium borosilicate finds application in the glass industry, electronics, optics, and cookware due to its significant mechanical, thermal, electrical, optical, chemical, and viscous properties.

The main factor which drives the sodium borosilicate market is the growing research and development sector in which laboratory experiments are done using sodium borosilicate glassware. The use of sodium borosilicate in scientific lenses is also creating a positive impact on the growth of the market. The growing demand for photovoltaic modules and solar collectors also positively impacts the global sodium borosilicate market. Another driver of sodium borosilicate is the construction sector due to the increasing application of glasses for special components. Rising demand from the packaging industry is positively influencing the sodium borosilicate market.

The demand for energy efficient glass production techniques plays a significant role in enhancing the market. Recent advancements in the automotive industry also provides an opportunity to the sodium borosilicate market to grow further.

In terms of application, the sodium borosilicate market is segmented as glass, health and science, electronics, cookware, and optics. Glass industry in which sodium borosilicate is mainly used is sub segmented as flat glass, container glass, continuous filament glass fiber, domestic glass, and special glasses. On the basis of raw materials used, sodium borosilicate can be segmented as formers which are used as the main ingredients which are crystalline in nature, fluxes which are used to lower the temperature, and stabilisers which prevent sodium borosilicate glass from breaking or falling apart. Batching process and forming process is the segmentation in terms of manufacturing processes. In the batching process, raw materials are pulverized and granulated to uniform particle size and stored in batch towers.

In the forming process, glass acquires a particular shape with the help of machines that can blow, press, and roll.

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The global sodium borosilicate market has witnessed decent growth in 2015 and this is expected to continue during the forecast period (2016-2024). In terms of region, the market has been segmented into Asia Pacific, North America, and Europe. In the Asia Pacific region, China is the major player due to the growing research and development activity in the country. North America and Europe are the significant players in the sodium borosilicate market due to the rising demand from research and development and technical advancements. Middle East and Latin America are growing markets for sodium borosilicate owing to recent technical developments in these regions.

Key players of the global sodium borosilicate market include SCHOTT AG, Corning Inc., kavalierglass, a.s, Kimble Applications Ltd, REFMEX GL, Jiangsu Yuansheng Solar Water Heater Co. Ltd, MAXOS, Huailai Tianyuan Special Type Glass Co. Ltd, Huailai Tianyuan Special Type Glass Co. Ltd, and Sunshore Solar Energy Co., Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand

Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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