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Global Glass Additives Market is anticipated to grow at a strong CAGR by 2025

Author : Rahul Varpe | Published Date : 2019-10-07 

U.S. glass additives market size should grow at high rates during forecast timeframe due to rising consumption levels in healthcare, pharmaceutical and automobile sectors. Developing production technologies along with growing demand for electronic & electrical devices should propel regional product demand.

Europe glass additives market size led by Germany, UK and France should grow significantly during forecast timeframe owing to strong regional demand from automotive, construction, food & beverage and healthcare industry. Strong production base in the region with the presence of major industry players should impel higher growth.

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Glass Additives Market size should grow significantly during the forecast timeframe owing to its extensive application scope in food & beverage industry as packaging material for soft drinks and edible semifluid. Global bottle packaging industry should generate revenue surpassing USD 100 billion by 2024. Rise in product demand with enhanced properties in automotive, construction and electronics industry should trigger product demand.

 Glass are brittle in nature demanding manipulation of certain properties to suit various industrial application. Additives act as facilitators to refine inherent properties and enhance quality of the final product. Production technology innovations such as using inorganic compound called lanthanum oxide as add-on to boost strength and refractive index should further incite demand in glass additives market. These additives are also used for customizing lamps, tableware and eye wear.

 Strong demand for durable products with enhanced properties like UV protection, anti-glare and water repellency along with refined opaqueness, resistance, color and refractive index should accelerate demand for glass additives market. These include metal alloys, nanoparticles, rare earth metals and polymers. Various other applications include glass transition, silicate glass manufacturing, network glasses, aerodynamic levitation, 3D printing and color strengthening.

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Glass additives market size from packaging application should grow significantly owing to rising popularity among consumers for specialized product offering scratch resistance, anti-glare, UV protection and durability. Growing population along with busy work schedule imparts higher demand for packaged food & beverage implying growth in product demand.

 Recyclability of these products satisfy food security needs and policies by FDA’s GRAS, finding extensive demand in food & beverage packaging industry. Availability of alternatives like plastics and fibers, unavailability of raw earth metal and low-cost plastic compounds should impact glass additives market price trends. Sourcing raw materials and influence of nanoparticle technology should further propel product demand.

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Global glass additives market share is moderately fragmented including industry participants like DuPont, SCHOTT, Gillinder Glass, Nanobase and BASF SE. Companies are concentrating on customized product development for sustainability in market. They also are adopting strategies like mergers, partnerships and acquisition to expand their forward and backward integration in the value chain.

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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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