Press release
Advanced Glass Market by Global Demand and Top Players 2021 to 2030
Advanced glasses are superior grade glasses, manufactured using soda-ash, natural gas, and silica sand. Depending on its application, these glasses undergo various chemical and mechanical procedures, hence offering highly technical and technological advancements. These glasses have numerous advantages such as resistance to ultra-violet rays, solar control, UV protection, sound reduction, durability, safety, and security. Due to high performance index, these glasses have wide applications in different industry verticals such as construction, automotive, electronics, sports, optics, lighting, as well as aerospace & defense.
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Competitive Landscape
The advanced glass market engrosses various market players. Some of the major market players are Asahi Glass Co., Ltd., Saint Gobain S.A., Nippon Sheet Glass Co., Ltd., Corning Inc., GrayGlass Company, Schott AG, Advanced Glass & Mirror, Inc., Guardian Industries, Sisecam Group, PPG Industries, Inc., Abrisa Technologies, Central Glass Co., Ltd., Euroglas GmbH, and others.
There are tremendous technological advancements taking place in the global advanced glass market. For instance, in January 2020, Corning Inc. announced its first auto-grade solution by showcasing its brand-new technical glass innovations at the 2020 Consumer Electronics Show. The showcase featured latest vehicles to adopt auto-grade gorilla glass with Corning’s patented cold-form technology, that enables a more immersive experience for drivers by providing smartphone-like touch sensitivity. Where the showcase has featured Corning’s advanced glass solutions, enabling the latest trends in the mobile consumer electronics, display, and automotive industries; its curved dual-display module enhances the interior display system with anti-reflective and decorative cover glass technology.
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Market Dynamics and Trends
The upsurge in urbanization demands better constructions of residential, commercial and industrial infrastructures. The growing demand for advanced infrastructures and modern architectures, are bolstering the global advanced glass market growth. Besides, increasing adoption of advanced glasses in optics, lighting, electronic gadgets, home appliances, and other cutting-edge technologies are to propel the market growth during the forecast period.
However, high cost raw materials and their accessibility, may hinder the growth of global advanced glass market, during the forecast period.
Moreover, factors like raising demands for value-added materials in infrastructural advancements, stringent building & automobile safety codes, emerging economies proceeding to larger markets, and heavy investments in R&D activities, are to create lucrative opportunities in the global advanced glass market in future.
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