Global Advanced Glass Industry: Key Statistics and Insights in 2024-2032
Summary:
- The global advanced glass market size reached USD 73.3 Billion in 2023.
- The market is expected to reach USD 110.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.54% during 2024-2032.
- Asia Pacific leads the market, accounting for the largest advanced glass market share.
- The market has been divided into coated glass, laminated glass, toughened glass, and ceramic glass categories based on the kind of product.
- Since safeguarding people and property is becoming more and more important in a variety of sectors and applications, safety and security have the lion's share of the market.
- Daylighting, or the utilization of natural light to illuminate interior areas, is made easier by advanced glass materials with great transparency and solar control capabilities.
- The introduction of smart glass, also referred to as switchable or dynamic glass, is a result of technological innovations.
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Industry Trends and Drivers:
- Increasing Demand in Construction:
Advanced glass materials with high transparency and solar control properties facilitate daylighting, which is the use of natural light to illuminate interior spaces. Daylit buildings offer numerous benefits, including energy savings, improved occupant well-being, and enhanced aesthetics. Moreover, advanced glass products designed to optimize daylight penetration while minimizing glare and solar heat gain are preferred by architects and designers for commercial, residential, and institutional buildings. Besides this, advanced glass products, such as structural glazing systems, frameless facades, and large-span glass panels, enable architects to realize their creative visions and construct iconic buildings with transparent and light-filled spaces.
- Technological Advancements:
Innovations in technology are leading to the emergence of smart glass, also known as switchable or dynamic glass. Smart glass can change its properties in response to external stimuli like light, heat, or electricity. It can switch between transparent, translucent, and opaque states, offering privacy, glare control, and energy efficiency benefits. The development of smart glass technologies is opening new opportunities in sectors, such as architecture, automotive, aerospace, and electronics, thereby driving the demand for advanced glass products. Furthermore, advancements in coating technologies are enabling the development of high-performance coatings for glass surfaces.
- Thriving Automotive Industry:
With increasing pressure to improve fuel efficiency and reduce emissions, automakers are seeking lightweight materials to enhance vehicle performance. Advanced glass materials, such as thin and lightweight laminated glass and specialty glass composites, offer opportunities for weight reduction without compromising safety or structural integrity. The adoption of advanced glass contributes to overall vehicle weight reduction, leading to improved fuel economy and reduced environmental impact. In addition, tempered glass is employed inside and rear windows for its shatter-resistant properties, reducing the risk of injury in the event of an accident. The integration of advanced glass with features like heads-up displays (HUDs), blind-spot detection, and advanced driver assistance systems (ADAS) enhances vehicle safety.
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Advanced Glass Market Report Segmentation:
By Product Type:
- Coated Glass
- Laminated Glass
- Toughened Glass
- Ceramic Glass
On the basis of the product type, the market has been classified into coated glass, laminated glass, toughened glass, and ceramic glass.
By Function:
- Safety and Security
- Solar Control
- Optics and Lighting
- High Performance
Safety and security account for the majority of the market share due to the increasing emphasis on protecting lives and assets across various industries and applications.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific enjoys the leading position in the advanced glass market on account of rapid industrialization and urbanization.
Top Advanced Glass Market Leaders:
The advanced glass market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- AGC Inc.
- Compagnie de Saint-Gobain S.A.
- Corning Incorporated
- Fuyao Glass Industry Group Co. Ltd.,
- Gentex Corporation
- Koch Industries Inc.
- Nippon Sheet Glass Co. Ltd.
- Schott AG
- Sisecam (Türkiye Is Bankasi A.S.)
- Tyneside Safety Glass
- Xinyi Glass Holdings Limited
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