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Advanced Glass Market Size By Type of Glass (Tempered Glass, Laminated Glass, Ceramic Glass, Coated Glass, Toughened Glass, Smart Glass, Low-E (Low Emissivity) Glass, Anti-Reflective Glass, Anti-Microbial Glass, Anti-Fog Glass), By Application (Construction, Automotive, Aerospace & Defense, Electron


Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Advanced Glass Market Size By Type of Glass (Tempered Glass, Laminated Glass, Ceramic Glass, Coated Glass, Toughened Glass, Smart Glass, Low-E (Low Emissivity) Glass, Anti-Reflective Glass, Anti-Microbial Glass, Anti-Fog Glass), By Application (Construction, Automotive, Aerospace & Defense, Electron

Advanced Glass Market Size and Forecast

Advanced Glass Market size was valued at USD 83.92 Billion in 2024 and is projected to reach USD 148.02 Billion by 2031, growing at a CAGR of 8.11% from 2024 to 2031.

  • It refers to glass that goes beyond the basic properties of regular glass (transparency and fragility) by incorporating special features through various manufacturing techniques.
  • Advanced glass boasts functionalities not found in regular glass. This can include self-cleaning abilities, increased strength for security, or the ability to change its properties like tinting or becoming opaque.
  • These glasses are created using advanced techniques like chemical treatments, special coatings, or manipulation of the glass structure itself.
  • Due to their advanced features, these glasses find use in various fields like construction (smart windows), electronics (touchscreens), and even self-cleaning surfaces

Advanced Glass Market Dynamics

The key market dynamics that are shaping the Advanced Glass Market include

Key Market Drivers

  • Technological AdvancementsContinuous research and development in glass manufacturing techniques are constantly pushing the boundaries of what’s possible. Thin-film deposition, for example, allows for the application of microscopically thin layers of metal or other materials onto the glass surface. This enables the creation of advanced features like self-cleaning coatings that break down dirt and grime with sunlight, or low-emissivity coatings that reflect heat while allowing light to pass through, improving energy efficiency in buildings.
  • Focus on Energy EfficiencyAdvanced glass plays a significant role in building sustainability. Low-emissivity glass, for example, can significantly reduce energy consumption in buildings by selectively filtering out heat while allowing visible light to pass through. This helps maintain comfortable indoor temperatures without relying heavily on HVAC systems. Advanced glass can also be used to improve natural daylighting, reducing the need for artificial lighting and further lowering energy use. Additionally, some advanced glasses incorporate insulating properties that minimize heat transfer, keeping buildings cooler in the summer and warmer in the winter, again contributing to energy savings and a more sustainable built environment.

Key Challenges

  • High Production CostsThe complex manufacturing processes involved in creating advanced glass, such as thin-film deposition, chemical treatments, and precise shaping techniques, can make it significantly more expensive than traditional glass. This can be a major hurdle for wider adoption, particularly in cost-sensitive construction projects or for budget-conscious consumers. Efforts to streamline these processes and develop more cost-effective methods of manufacturing advanced glass are crucial for increasing its accessibility and driving market growth.
  • Durability and Reliability Concerns Some advanced glass features, like self-repairing coatings, are still in their early stages of development. While the initial concept shows promise, extensive real-world testing is needed to assess their effectiveness over extended periods and under various environmental conditions. Additionally, the long-term stability of these coatings needs to be evaluated to ensure they don’t degrade or lose their effectiveness over time. These are crucial questions that need to be addressed before self-repairing glass can be widely adopted in construction and other applications.

Key Trends

  • Smart Glass IntegrationThe integration of smart glass technology into buildings and homes is a major trend with the potential to revolutionize the way we interact with our spaces. Smart glass can automatically adjust its opacity or tint in response to sunlight, providing glare control and improved comfort. It can also be integrated with building management systems to optimize energy use by automatically adjusting lighting and HVAC settings based on real-time conditions. Additionally, smart glass can be used to create dynamic partitions in office spaces or conference rooms, allowing for flexible room configuration and enhanced privacy control. These are just a few examples of the many potential applications of smart glass technology, and as the technology continues to develop, we can expect to see even more innovative uses emerge.
  • focus on SustainabilityThere’s a growing focus on developing environmentally friendly advanced glass that utilizes recycled materials or offers improved energy efficiency. Recycled content can be used in the base glass itself, reducing the need for virgin raw materials and lowering the environmental impact of production. Additionally, advanced glass can be designed to improve building insulation, reducing energy consumption for heating and cooling. For example, low-emissivity coatings can reflect solar heat gain in the summer while allowing visible light to pass through, keeping buildings cooler and reducing reliance on air conditioning. Advanced glazings can also be incorporated into building designs to maximize natural daylighting, reducing the need for artificial lighting and further lowering energy use. In this way, advanced glass can play a significant role in creating more sustainable and energy-efficient buildings.

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Advanced Glass Market Regional Analysis

Here is a more detailed regional analysis of the Advanced Glass Market

Asia Pacific

  • According to Market Research, Asia Pacific is estimated to dominate the market over the forecast period. The region is experiencing rapid urbanization, leading to a surge in construction activity, particularly for high-rise buildings, shopping malls, and other commercial spaces. These projects often utilize advanced glass features for their aesthetic appeal, energy efficiency, and functionality.
  • Many Asian governments are promoting sustainable building practices. Advanced glass, with its energy-saving properties, aligns well with these initiatives, driving its adoption in the construction sector.
  • The region has a strong focus on technological advancements, with several major players in the advanced glass market headquartered in Asia. This fosters innovation and rapid development of new and improved advanced glass products.

Europe

  • Europe holds a significant position in the global advanced glass market, boasting a mature construction industry and a strong focus on sustainability.
  • Europe has a well-established construction industry with a long history of innovation. This leads to a sophisticated demand for advanced glass products that cater to specific needs and applications.
  • European countries are known for their strict environmental regulations and focus on sustainability. Advanced glass, with its energy-efficient properties, aligns well with these priorities. This is a major driver for the adoption of advanced glass in European construction projects.
  • The integration of smart glass technology into buildings is gaining traction in Europe, offering dynamic control over light and privacy. This aligns well with the focus on energy efficiency and creating comfortable, functional living and working spaces.
  • Several major European players in the advanced glass industry continuously innovate and develop new products. This fosters a competitive market with a wide range of advanced glass solutions catering to diverse needs.

North America

  • North America represents a significant market for advanced glass, fueled by factors like high disposable income, technological innovation, and a growing emphasis on energy efficiency.
  • North America is home to several major players in the advanced glass market, fostering research and development in this field. This leads to the introduction of new and innovative advanced glass products.
  • Consumers in North America have a relatively high disposable income, leading to a demand for luxury homes and buildings that incorporate advanced glass features for aesthetics, functionality, and energy efficiency.
  • Growing awareness of sustainability is driving a shift towards energy-efficient buildings. Advanced glass, with its low-emissivity coatings and insulating properties, can significantly reduce energy consumption in buildings. This aligns well with government regulations and green building initiatives gaining momentum in North America.

Advanced Glass MarketSegmentation Analysis

The Advanced Glass Market is segmented based on Type of Glass, End-Use Industries, Application, and Geography

Advanced Glass Market, By Type of Glass

  • Tempered Glass
  • Laminated Glass
  • Ceramic Glass
  • Coated Glass
  • Toughened Glass
  • Smart Glass
  • Low-E (Low Emissivity) Glass
  • Anti-Reflective Glass
  • Anti-Microbial Glass
  • Anti-Fog Glass

Based on the Type of Glass, the market is segmented into Tempered Glass, Laminated Glass, Ceramic Glass, Coated Glass, Toughened Glass, Smart Glass, Low-E (Low Emissivity) Glass, Anti-Reflective Glass, Anti-Microbial Glass, Anti-Fog Glass, Advanced Glass Market, and Others. The coated glass Segment is estimated to exhibit the highest growth driven by a strong contender due to its versatility and wide range of applications. Coated glass can incorporate various functionalities like low-emissivity (reducing heat gain/loss), self-cleaning, or solar control, making it a popular choice for architectural and automotive applications.  This adaptability, coupled with relatively mature manufacturing processes compared to some newer technologies like self-repairing glass, makes coated glass a cost-effective and prevalent choice in the advanced glass market.

Advanced Glass Market, By End-Use Industries

  • Construction
  • Automotive
  • Aerospace & Defense
  • Electronics
  • Healthcare
  • Energy & Power
  • Consumer Goods
  • Others

Based on End-Use Industries, the market is segmented into Construction, Automotive, Aerospace & Defense, Electronics, Healthcare, Energy & Power, Consumer Goods, and Others. The construction industry segment is estimated to dominate during the forecast period. This dominance is driven by the widespread use of advanced features like tempered glass for safety and security in doors and windows, laminated glass for noise reduction and hurricane resistance, and energy-efficient glass coatings for improved building insulation. These features contribute to safer, more comfortable, and sustainable buildings, driving their continued demand in the construction sector.

Advanced Glass Market, By Application

  • Windows & Facades
  • Doors
  • Partitions & Balustrades
  • Windshields & Windows (Automotive)
  • Display Panels & Screens
  • Solar Panels
  • Lighting
  • Sensors & Detectors

Based on the Application, the market is divided into Windows & Facades, Doors, Partitions & Balustrades, Windshields & Windows (Automotive), Display Panels & Screens, Solar Panels, Lighting, Sensors & Detectors. The windows & facades segment is estimated to dominate the global market due widespread use of advanced glass in building construction projects.  Features like self-cleaning coatings, improved insulation, and solar control properties make advanced glass ideal for windows and facades in commercial buildings and residences alike. This not only enhances aesthetics but also contributes to energy efficiency, a major driver in the construction industry.  The demand for advanced features in windows and facades is expected to propel this segment’s market share further.

Advanced Glass Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the advanced glass market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is estimated to hold the largest share of the Advanced Glass Market. This dominance is driven by a combination of factors. Rapid urbanization in the region is leading to a surge in construction activity, particularly for high-rise buildings that utilize advanced glass for aesthetics and functionality. Additionally, government initiatives promoting sustainable building practices and a strong focus on technological advancements within the region all contribute to Asia Pacific’s leading position in the advanced glass market.

Key Players

The “Advanced Glass Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Saint-Gobain Glass (France), Asahi Glass Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), Corning Inc. (U.S.), Guardian Industries (U.S.), Nippon Sheet Glass Co., Ltd. (Japan), Fuyao Glass Industry Group Co., Ltd. (China), Sisecam Group (Turkey), Huihua Glass Co., Limited (China), Koch Industries (U.S.), Advanced Glass & Mirror Inc. (U.S.), Tyneside Safety Glass (U.K.).

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Advanced Glass Market Recent Developments

  • In November 2023, Saint-Gobain partnered with a tech startup to develop holographic display glass for augmented reality applications​.
  • In June 2023, AGC Inc. completed a new production facility for automotive laminated glass in Belgium to meet the increasing demand​.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Saint-Gobain Glass (France), Asahi Glass Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), Corning Inc. (U.S.), Guardian Industries (U.S.), Nippon Sheet Glass Co., Ltd. (Japan), Fuyao Glass Industry Group Co., Ltd. (China), Sisecam Group (Turkey), Huihua Glass Co., Limited (China), Koch Industries (U.S.), Advanced Glass & Mirror Inc. (U.S.), Tyneside Safety Glass (U.K.).

SEGMENTS COVERED

Type of Glass, End-Use Industries, Application, and Geography

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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