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Advanced Glass Market 2019-2024; Growth Forecast & Industry Share Report

Author : Rahul Varpe | Published Date : 2019-06-20 

Global Market Insights add New Advanced Glass Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.

Encompassing a widespread application spectrum including construction, electronics, and automotive sectors, advanced glass market size has been witnessing an extensive upsurge in recent years. Advanced glass is essentially normal glass that has been reinforced to suit the needs of a certain type of application or to simply be more resistant to external forces.

The demand for this type of glass has been increasing exponentially on account of its aesthetic appeal, pushing advanced glass market growth. In 2016 alone, this business space was worth more than $60 billion. Endowed with a favorable product portfolio, advanced glass market is projected to witness remarkably profitable growth over 2017-2024, with a target valuation of 10.5 billion square meters of consumption by 2024.

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Tempered glass is one of the most prominently used types of advanced glass, widely recognized for its high temperature resistance and strength. Driven by its favorable properties, it is increasingly used in the automotive and construction sectors, thus stimulating tempered advanced glass market. Tempered glass in fact, has emerged to become one of the most preferred forms of glass to be used in windshields, thus enabling advanced glass industry to have found a profitable growth avenue in the automotive domain, which is growing at a remarkably fast-paced growth rate lately.

Tempered glass not only has a high strength threshold but also when commendable shatter resistance – that is to say, unlike regular glass, it does not break into long sharp shards but rather disintegrates into small granular pieces which are almost harmless. Naturally, the material is widely used in the construction sector, as buildings require highly resilient glass that can withstand periodic contractions and expansions.

Undeniably, tempered advanced glass market has found a viable end-use avenue in the construction sector. Tempered glass also finds uses in various household items like furniture, cookware, microwaves, refrigerators, and washing machines, further expanding its application scope.

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Coated glass, in recent years, has emerged to be significant contributor toward the growth of advanced glass industry, pertaining to its rising demand on the grounds of its special reflective coatings and increased conductivity. Apparently, the coating on glass is made to act like a mirror for long-wave infrared radiation that limits the absorption of infrared radiation in buildings. The coatings also have low emissivity which increases the energy efficiency of buildings. It is estimated that low emissivity coated advanced glass industry will witness a 6.5% CAGR between 2017-2024.

Despite the introduction of humongous numbers of raw material, glass still stands as one of the most pivotal elements on account of its aesthetic beauty and its transparency. With the product finding increased applications in the construction and automotive industries, advanced glass market size is certain to witness a massive upsurge. As the application scope for glass increases further in the ensuing years, advanced glass industry is projected to experience an exponential growth rate, with a target revenue estimation of more than $110 billion by 2024.

Read More News - https://www.marketwatch.com/press-release/printing-toners-market-by-regional-statistics-growth-forecast-2019-2024-2019-06-20

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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