Report updated on 11th September, 2021: Global Advanced Glass Market 2021 (Includes Business Impact of COVID-19)
Global Advanced Glass Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global advanced glass market report has been segmented on the basis of product type, end user, and region.
The global Advanced Glass market size was valued at USD $49.91 billion in 2020 and is projected to reach USD $109.25 billion by 2030, and is anticipated to expand at a CAGR of 8.30% over the forecast period from 2020 to 2030.
Global Advanced Glass Market: Overview
Advanced glass is a high grade of glass. Advanced glass is made from a mixture of soda ash, natural gas, and silica sand. Advanced glass is available in various types such as laminated glass, coated glass, and toughened glass.
Global Advanced Glass Market: Dynamics
Rising adoption of advanced glass in the construction of the building is anticipated to bolster growth of the global target market over the forecast period. Advance glass has various advantages and applications such as safety, security, sound reduction, noise cancellation and UV control, which is also projected to drive growth of the global advanced glass market over the long run.
Increasing adoption of advanced glass in various home appliances, screen protector in smartphones, and electronic gadgets is anticipated to fuel growth of the global advanced glass market over the forecast period.
In addition, the increasing demand for modern architecture and infrastructural development is also expected to propel the demand for advanced glass and drives growth of the global market over the next 10 years.
However, the high cost of the advanced glass due to fluctuations in the availability of raw materials is may hinder demand and restrain growth of the global market advanced glass market over the forecast period.
Global Advanced Glass Market: Segment Analysis
Among the product type, the laminated glass segment accounted for the significant growth in the global advanced glass market, owing to features such as reduction of heat from sunlight, hard to break, and noise cancellation.
Among the application, the construction segment is expected to contribute leading share in the global advanced glass market during the forecast period, due to the rising demand for advanced glass in the construction industry for better safety and to increase aesthetics of the building.
Global Advanced Glass Market: Region Analysis
The Asia Pacific advanced glass market has accounted for the significant share in terms of value in the target market owing to increasing adoption for the advanced glass in the construction industry in countries such as India, Japan, China, and Korea in the region.
The markets in the Middle East and Africa is projected to register a lucrative growth rate in the global market during the forecast period in terms of revenue, owing to rising awareness about benefits of advanced glass in the region.
North America is at a mature stage in the global market and anticipated to contribute a moderate share in the target market over the long run.
Below are the active patents related to Advanced Glass Market.
Patent Number: US9012015B2
Laminated glass with plastic film insert
In a laminated glass, a plastic film is sandwiched between two sheets of resin intermediate film, and an infrared reflective film is formed in the plastic film by alternatively laminating resin films of different refractive indexes. The plastic film on which the infrared reflective film is formed meets any of the following conditions: (A) thermal shrinkage of 0.5 to 3% in the 90 through 150° C. temperature range, (B) modulus of elasticity in the range of 30 through 2000 MPa in a temperature range of 90 through 150° C., and (C) a rate of elongation of the plastic film of 0.3% or less when 10 N tensile force per 1 m width of the plastic film is exerted in the 90 through 150° C. temperature range. This laminated glass is a curved infrared ray reflective laminated glass, with high transmissivity to visible light, high reflectivity in the infrared ray region, excellent insulating effect, and will transmit various electromagnetic waves.
Application filed by Date: 2010-02-04
Application granted Date: 2015-04-21
Current Assignee: Central Glass Co Ltd
Patent Number: US20110274916A1
Tempered glass and glass
A tempered glass of the present invention includes, as a glass composition, in terms of mass %, 45 to 75% of SiO2, 0 to 30% of Al2O3, and 0 to 30% of Li2O+Na2O+K2O and has a β-OH value of 0.3 to 1/mm.
Application filed by Date: 2009-12-08
Application Granted Date: 2014-06-10
Current Assignee: Nippon Electric Glass Co Ltd
Global Advanced Glass Market Segmentation:
Segmentation by Product Type:
- Laminated Glass
- Tempered Glass
Segmentation by End User:
Key Market Players included in the report:
- Abrisa Technologies
- AGC, Occipital Inc
- American Precision Glass Corp
- Atheer, Inc.
- CoorsTek, Inc.
- Fuyao Glass Industry Group Co., Ltd.
- Gentex Corporation
- Glaze-Tech Industries
- Guardian Industries
- Huihua Glass Co. Ltd.
- Murata Manufacturing Co Ltd
- Nippon Sheet Glass Co., Ltd.
- NSG Co
- Packerland Glass Products Inc.
- PPG Industries
- Sangalli Vetro Manfredonia
- Schott AG
- Sisecam Group
- Thermoseal Industries LLC.
- Vurix Corporation
- Xinyi Glass Holdings Limited
- Zeel Product
Below are the key development related to Advanced Glass Market in 2020 and 2021.
June 2021: Installed Building Products Announces the Acquisition of General Ceiling & Partitions, Inc. Acquisition Adds Approximately $11.5 million of Annual Revenue. Also Acquired Reliable Glass & Mirror with Approximately $2.6 million of Annual Revenue. Installed Building Products, Inc. is an industry-leading installer of insulation and complementary building products, announced the acquisition of General Ceiling & Partitions, Inc. (“GCP”). Founded in 1986, GCP is headquartered in Colorado Springs, Colorado and primarily installs drywall, framing, ceiling tiles, and firestopping/insulation for commercial customers. IBP also announced the acquisition of Reliable Glass & Mirror, LLC, a Louisiana based provider of glass and mirror installation services to residential and commercial customers. Source