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Specialty Glass Market Trend, Future Prospects & Competitive Analysis, 2019 – 2024

Author : Rahul Varpe | Published Date : 2019-03-18 

Specialty glass market is facing some hindrance that effects its growth. Manufacturing process of panes are highly complicated, it requires more chemical than any other pane and is even more energy intensive. Prior purchasing consumer needs proper information else it can become more bristle and less effective.

Specialty Glass Market size is envisaged to witness growth in next seven years. The product is widely used in interiors for customized doors, windows and mirrors. They are decorative panes typically intended to obstruct and hinder the material that would have been transparent otherwise. These panes block considerable sunlight to preserve air-conditioning as well as furniture from fading.

Segmentation of specialty glass market is on the basis of its product that include slumped, impression, illusion, plain, bubble and cast fusion. They are used in diversified industries including chemical, automobile, and construction. Its various applications are in doors, windows, airports, mobile devices and automobile display.

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Singapore and Hong Kong is anticipating to witness noticeable growth in near future. These countries have one of the best infrastructure globally. Investment in construction in these countries is rising rapidly, countries commercial and residential buildings design are recognized worldwide. Positive outlook in infrastructure will make Asia Pacific a considerable contributor in specialty glass market

Automobile industry is contributing majorly in Europe economy. Germany is the major country for luxury car accounting for over 20% of total European car sector. It hosts automobile giants that includes Renault and Bugatti. Panes are used in automobile in its entire instrument touch panel system that controls display and operation of car audio, air conditioner and navigation. Increase in luxury car segment is anticipated to grow specialty glass market rapidly.

UAE penetration in smart phone sector is over 75%, natives of the place extensively use the device. Product’s special quality of providing strength in display of electronics goods is rising its demand in the region. It gives superior scratch resistance, shiny texture and long-life span to the devices that rises smartphones demand in the region and positively influence specialty glass market.

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Key contributors in specialty glass market are AGC, Schott, Guardian Industries, China Group, Hoya Corporation, Corning, Thermo Scientific, Rayotek Scientific, NSG and Abrisa Technologies. Schott acquired Elecpac in 2009, the move was to expand their footprint worldwide. Acquisition is providing complete portfolio, research, development, technical support, production, sales and marketing to companies. Both the companies will even emphasize on defense and security industries in the U.S. Corning announces expansion in 2017, focus of spreading out the new facility in Newton is to create its global footprint and to serve all the customers worldwide.    

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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