Global Advanced Glass Industry: Key Statistics and Insights in 2024-2032
Summary:
- The global advanced glass market size reached USD 73.3 Billion in 2023.
- The market is expected to reach USD 110.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.54% during 2024-2032.
- Asia Pacific leads the market, accounting for the largest advanced glass market share.
- The market is segmented into categories such as coated glass, laminated glass, toughened glass, and ceramic glass based on product type.
- Safety and security hold the largest market share as the protection of people and property becomes increasingly critical across various sectors and applications.
- Advanced glass materials that offer high transparency and solar control features facilitate daylighting, or the use of natural light to illuminate interior spaces.
- Technological innovations have led to the introduction of smart glass, also known as switchable or dynamic glass.
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Industry Trends and Drivers:
- Increasing Demand in Construction
Advanced glass materials with high transparency and solar control properties help to use natural light for indoor spaces. Daylit buildings have many benefits, such as energy savings, better occupant well-being, and improved aesthetics. Advanced glass products that optimize daylight while reducing glare and solar heat gain are popular with architects and designers for commercial, residential, and institutional buildings. Additionally, products like structural glazing systems, frameless facades, and large-span glass panels allow architects to bring their creative visions to life and create iconic buildings filled with light.
- Technological Advancements
New technology is leading to the rise of smart glass, also known as switchable or dynamic glass. Smart glass can change its properties based on external factors like light, heat, or electricity. It can switch between transparent, translucent, and opaque states, providing privacy, glare control, and energy efficiency. The growth of smart glass technology opens new opportunities in areas like architecture, automotive, aerospace, and electronics, driving the demand for advanced glass products. Moreover, new coating technologies are leading to high-performance coatings for glass surfaces.
- Thriving Automotive Industry
With the need to boost fuel efficiency and cut emissions, automakers are looking for lightweight materials to improve vehicle performance. Advanced glass materials, such as thin laminated glass and specialty glass composites, offer chances for weight reduction without sacrificing safety or structure. Using advanced glass helps lower overall vehicle weight, leading to better fuel economy and less environmental impact. Also, manufacturers use tempered glass for side and rear windows because of its shatter-resistant qualities, reducing injury risk during accidents. Combining advanced glass with features like heads-up displays, blind-spot detection, and advanced driver assistance systems boosts vehicle safety.
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Advanced Glass Market Report Segmentation:
By Product Type:
- Coated Glass
- Laminated Glass
- Toughened Glass
- Ceramic Glass
On the basis of the product type, the market has been classified into coated glass, laminated glass, toughened glass, and ceramic glass.
By Function:
- Safety and Security
- Solar Control
- Optics and Lighting
- High Performance
Safety and security account for the majority of the market share due to the increasing emphasis on protecting lives and assets across various industries and applications.
Regional Insights:
- 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
Asia Pacific enjoys the leading position in the advanced glass market on account of rapid industrialization and urbanization.
Top Advanced Glass Market Leaders:
The advanced glass market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- 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 (Türkiye Is Bankasi A.S.)
- Tyneside Safety Glass
- Xinyi Glass Holdings Limited
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