The Advanced Glass Market Size was valued at USD 57.9 billion in 2023, and is expected to reach USD 105.5 billion by 2031, and grow at a CAGR of 7.8% over the forecast period 2024-2031.
The advanced glass market is growing in various industries and Several factors will contribute to this growth, an increase in the auto industry with expanding manufacturing will need more advanced glass components. The increasing demand for urbanization will necessitate new buildings and infrastructure, creating a market for advanced glass solutions. Additionally, the focus on sustainability in buildings and the use of advanced glass in car windshields and mirrors will further drive the market. Finally, as infrastructure development prioritizes design flexibility, advanced glass, with its versatility and functionality, is expected to be a material of choice. The advanced glass's unique properties and broad applications position it for significant growth across various industries.
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Drivers
Growing demand for advanced glass for the future of automotive industry.
Rising need for technologies that conserve energy in the advanced glass market.
The Advanced glass is gaining popularity on its way to the automotive industry from windshields and sunroofs to displays and windows, these high-tech materials like laminated and coated glass are becoming increasingly popular. They offer a wide combination of enhanced safety, improved thermal comfort by regulating temperature, and noise reduction for a quieter ride. China has the world's largest car market, with production expected to hit 35 million vehicles by the time of 2025. As automation increases and car manufacturing grows, the demand for advanced glass will follow in the future.
Restraint:
Advanced glass manufacturing faces a challenge due to its high production costs.
High production costs are a major challenge for advanced glass. The specialized processes and materials needed to create these innovative materials translate to expensive manufacturing. This double whammy limits affordability for some industries and applications, and the complex techniques create high barriers to entry for smaller manufacturers. These cost constraints hinder the widespread adoption of advanced glass across various sectors.
Opportunities
Focus on growth in the automotive and construction sectors
Advanced glass plays a critical role in modern car safety. Tempered glass and laminated glass offer superior strength and shatter resistance, significantly reducing the risk of injury in accidents. Additionally, advanced windshields can be equipped with features like rain sensors and heating elements, further enhancing driving safety. it also contributes to a more comfortable driving experience. Coated glass helps regulate temperature within the vehicle, reducing reliance on air conditioning and heating systems. Similarly, advanced glass can minimize noise intrusion from outside, creating a quieter cabin environment.
Challenges
Facing major challenges in acquiring affordable raw materials
Acquiring affordable raw materials presents a major problem for the rising cost of these materials, coupled with an unreliable supply chain, poses a threat to market growth. The widening gap between supply and demand for advanced glass further restricts accessibility. This can lead to price hikes and limit the availability of advanced glass solutions for certain projects. It is predicted to restrict the overall growth of the advanced glass market in the coming years. Manufacturers are the need for innovative solutions to address these issues to ensure the sustainable development of this promising industry.
The impact of Russia-Ukraine has slowed down the overall advanced glass market, Both Russia and Ukraine are significant players in the global resource extraction and processing industries. The war disrupts these supply chains, making it difficult to obtain raw materials crucial for advanced glass production. This can lead to shortages and price hikes for materials like silica sand, soda ash, and certain specialty chemicals. They have also caused disruptions in the global energy market, leading to volatile oil and gas prices. Since advanced glass production is energy-intensive, these fluctuations can significantly impact manufacturing costs. Manufacturers may be forced to raise prices or face reduced profit margins.
The impact of the economic downturn has often led to decreased investments in construction projects. This directly impacts the demand for advanced glass used in buildings and infrastructure, potentially slowing down market growth in the advanced glass market. Decreased consumer confidence during economic downturns can lead to individuals and businesses delaying discretionary spending. This could impact the demand for advanced glass in applications like high-end furniture or luxury car models that utilize advanced glass features.
By Product Type
Tempered Glass
Laminated Glass
Ceramic Glass
Others
The tempered glass sub-segment is dominating the advanced glass market in 2023 by product type, holding a dominant 45% market share. This dominance is driven by the twin engines of growth in developing economies and the rising automotive and construction sectors. Additionally, tempered glass' increasing use in furniture applications is expected to further propel the overall market. It also growing popularity in furniture applications like tabletops and shelves is another factor propelling the market growth.
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By Application
Solar Control
Optics & Lighting
Safety & Security
High Performance
Others
The safety & security sub-segment has leading in the advanced glass market by application, capturing a substantial 40% share in 2023. This dominance can be attributed to the versatility and advanced features offered by these sophisticated glass solutions. These advanced glasses find application in various settings, including residential windows and shopfronts. Their ability to enhance security and protect against break-ins makes them a valuable choice for homeowners and businesses.
By End-Use
Construction
Infrastructure
Automobiles
Electronics
Others
The automotive sub-segment is dominating the advanced glass market, capturing a commanding 46% market share in 2023 by end-user industry. This growth is due to the rising popularity of green construction and energy-efficient buildings are driving the demand for advanced glass solutions. With growing disposable incomes, consumers are increasingly seeking out vehicles with advanced features and functionalities.
North America is the dominating region in the advanced glass market in 2023, due to their increasing use of sophisticated glass in construction projects, boosting their market growth. Europe follows closely as a strong contender, driven by the widespread use of advanced glass across various applications. Germany currently leading within Europe, but the UK is anticipated to experience significant growth in the coming years. This regional analysis highlights North America's projected leadership and Europe's continued strength in the advanced glass market.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Key Players
The major key players listed in the advanced glass market are Advanced Glass & Mirror Inc., Corning Inc., Fuyao Glass Industry Group Co. Ltd., Huihua Glass Co. Limited, Nippon Sheet Glass Co. Ltd., Saint Gobain, Sisecam Group, Tyneside Safety Glass, Asahi Glass Co., Koch Industries, and Other Players.
In June 2023, AGC Inc. strengthened its position in the automotive glass market by completing a new production facility for laminated glass in Belgium. This expansion bolsters their capacity to meet the rising demand for advanced automotive glazing solutions.
In May 2023, Schott AG showcased its commitment to innovation with the unveiling of SCHOTT RealView® 2.0. This upgraded augmented reality (AR) waveguide technology boasts improved image quality and a wider field of view, paving the way for more immersive AR experiences.
In March 2023, Corning Incorporated joined forces with Samsung Electronics to develop next-generation display technology. Their collaboration focuses on ultra-thin glass substrates for foldable displays, aiming to improve the durability and performance of future smartphones and tablets.
In January 2023, PPG Industries, Inc. strategically expanded its portfolio through the acquisition of Ferro Corporation. Ferro, a leader in functional coatings and color solutions, strengthens PPG's presence in various markets, including glass coatings.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 57.9 Billion |
| Market Size by 2031 | US$ 105.5 Billion |
| CAGR | CAGR of 10.2% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Safety & security, Solar Control, Optics & Lighting, High Performance) • By Product Type (Coated Glass, Laminated Glass, Toughened Glass, Ceramic Glass) • By End Use Industry (Building & Construction, Aerospace & Defense, Automotive, Electronics, Sports & Leisure, Optical, Others) |
| Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America |
| Company Profiles | Advanced Glass & Mirror Inc., Corning Inc., Fuyao Glass Industry Group Co. Ltd., Huihua Glass Co. Limited, Nippon Sheet Glass Co. Ltd., Saint Gobain, Sisecam Group, Tyneside Safety Glass, Asahi Glass Co., Koch Industries |
Ans: Key Stakeholders Considered in the study:
Raw material vendors
Distributors/traders/wholesalers/suppliers
Regulatory authorities, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade/Industrial associations
End-use industries are the stake holder in this report
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Advanced Glass & Mirror Inc., Corning Inc., Fuyao Glass Industry Group Co. Ltd., Huihua Glass Co. Limited, Nippon Sheet Glass Co. Ltd., Saint Gobain, Sisecam Group, Tyneside Safety Glass, Asahi Glass Co., Koch Industries are the major Key players of Global Advanced Glass Market.
Ans: The rapidly increasing application of advanced glass in the building industry are the major Drivers for Global Advanced Glass Market
Ans. The projected market size for the advanced glass market is usd 105.5 billion by 2031.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2.Industry Flowchart
3.Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown
6. Value Chain Analysis
7.Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. Advanced Glass Market Segmentation, By Product Type
10.1 Introduction
10.2 Trend Analysis
10.3 Tempered Glass
10.4 Laminated Glass
10.5 Ceramic Glass
10.6 Others
11. Advanced Glass Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Solar Control
11.4 Optics & Lighting
11.5 Safety & Security
11.6 High Performance
11.7 Others
12. Advanced Glass Market Segmentation, By End-User
12.1 Introduction
12.2 Trend Analysis
12.3 Construction
12.4 Infrastructure
12.5 Automobiles
12.6 Electronics
12.7 Aerospace & Defense
12.8 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Advanced Glass Market by Country
13.2.3 North America Advanced Glass Market By Product Type
13.2.4 North America Advanced Glass Market By Application
13.2.5 North America Advanced Glass Market By End-User
13.2.6 USA
13.2.6.1 USA Advanced Glass Market By Product Type
13.2.6.2 USA Advanced Glass Market By Application
13.2.6.3 USA Advanced Glass Market By End-User
13.2.7 Canada
13.2.7.1 Canada Advanced Glass Market By Product Type
13.2.7.2 Canada Advanced Glass Market By Application
13.2.7.3 Canada Advanced Glass Market By End-User
13.2.8 Mexico
13.2.8.1 Mexico Advanced Glass Market By Product Type
13.2.8.2 Mexico Advanced Glass Market By Application
13.2.8.3 Mexico Advanced Glass Market By End-User
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Advanced Glass Market by Country
13.3.2.2 Eastern Europe Advanced Glass Market By Product Type
13.3.2.3 Eastern Europe Advanced Glass Market By Application
13.3.2.4 Eastern Europe Advanced Glass Market By End-User
13.3.2.5 Poland
13.3.2.5.1 Poland Advanced Glass Market By Product Type
13.3.2.5.2 Poland Advanced Glass Market By Application
13.3.2.5.3 Poland Advanced Glass Market By End-User
13.3.2.6 Romania
13.3.2.6.1 Romania Advanced Glass Market By Product Type
13.3.2.6.2 Romania Advanced Glass Market By Application
13.3.2.6.4 Romania Advanced Glass Market By End-User
13.3.2.7 Hungary
13.3.2.7.1 Hungary Advanced Glass Market By Product Type
13.3.2.7.2 Hungary Advanced Glass Market By Application
13.3.2.7.3 Hungary Advanced Glass Market By End-User
13.3.2.8 Turkey
13.3.2.8.1 Turkey Advanced Glass Market By Product Type
13.3.2.8.2 Turkey Advanced Glass Market By Application
13.3.2.8.3 Turkey Advanced Glass Market By End-User
13.3.2.9 Rest of Eastern Europe
13.3.2.9.1 Rest of Eastern Europe Advanced Glass Market By Product Type
13.3.2.9.2 Rest of Eastern Europe Advanced Glass Market By Application
13.3.2.9.3 Rest of Eastern Europe Advanced Glass Market By End-User
13.3.3 Western Europe
13.3.3.1 Western Europe Advanced Glass Market by Country
13.3.3.2 Western Europe Advanced Glass Market By Product Type
13.3.3.3 Western Europe Advanced Glass Market By Application
13.3.3.4 Western Europe Advanced Glass Market By End-User
13.3.3.5 Germany
13.3.3.5.1 Germany Advanced Glass Market By Product Type
13.3.3.5.2 Germany Advanced Glass Market By Application
13.3.3.5.3 Germany Advanced Glass Market By End-User
13.3.3.6 France
13.3.3.6.1 France Advanced Glass Market By Product Type
13.3.3.6.2 France Advanced Glass Market By Application
13.3.3.6.3 France Advanced Glass Market By End-User
13.3.3.7 UK
13.3.3.7.1 UK Advanced Glass Market By Product Type
13.3.3.7.2 UK Advanced Glass Market By Application
13.3.3.7.3 UK Advanced Glass Market By End-User
13.3.3.8 Italy
13.3.3.8.1 Italy Advanced Glass Market By Product Type
13.3.3.8.2 Italy Advanced Glass Market By Application
13.3.3.8.3 Italy Advanced Glass Market By End-User
13.3.3.9 Spain
13.3.3.9.1 Spain Advanced Glass Market By Product Type
13.3.3.9.2 Spain Advanced Glass Market By Application
13.3.3.9.3 Spain Advanced Glass Market By End-User
13.3.3.10 Netherlands
13.3.3.10.1 Netherlands Advanced Glass Market By Product Type
13.3.3.10.2 Netherlands Advanced Glass Market By Application
13.3.3.10.3 Netherlands Advanced Glass Market By End-User
13.3.3.11 Switzerland
13.3.3.11.1 Switzerland Advanced Glass Market By Product Type
13.3.3.11.2 Switzerland Advanced Glass Market By Application
13.3.3.11.3 Switzerland Advanced Glass Market By End-User
13.3.3.1.13 Austria
13.3.3.13.1 Austria Advanced Glass Market By Product Type
13.3.3.13.2 Austria Advanced Glass Market By Application
13.3.3.13.3 Austria Advanced Glass Market By End-User
13.3.3.13 Rest of Western Europe
13.3.3.13.1 Rest of Western Europe Advanced Glass Market By Product Type
13.3.3.13.2 Rest of Western Europe Advanced Glass Market By Application
13.3.3.13.3 Rest of Western Europe Advanced Glass Market By End-User
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Advanced Glass Market by Country
13.4.3 Asia-Pacific Advanced Glass Market By Product Type
13.4.4 Asia-Pacific Advanced Glass Market By Application
13.4.5 Asia-Pacific Advanced Glass Market By End-User
13.4.6 China
13.4.6.1 China Advanced Glass Market By Product Type
13.4.6.2 China Advanced Glass Market By Application
13.4.6.3 China Advanced Glass Market By End-User
13.4.7 India
13.4.7.1 India Advanced Glass Market By Product Type
13.4.7.2 India Advanced Glass Market By Application
13.4.7.3 India Advanced Glass Market By End-User
13.4.8 Japan
13.4.8.1 Japan Advanced Glass Market By Product Type
13.4.8.2 Japan Advanced Glass Market By Application
13.4.8.3 Japan Advanced Glass Market By End-User
13.4.9 South Korea
13.4.9.1 South Korea Advanced Glass Market By Product Type
13.4.9.2 South Korea Advanced Glass Market By Application
13.4.9.3 South Korea Advanced Glass Market By End-User
13.4.10 Vietnam
13.4.10.1 Vietnam Advanced Glass Market By Product Type
13.4.10.2 Vietnam Advanced Glass Market By Application
13.4.10.3 Vietnam Advanced Glass Market By End-User
13.4.11 Singapore
13.4.11.1 Singapore Advanced Glass Market By Product Type
13.4.11.2 Singapore Advanced Glass Market By Application
13.4.11.3 Singapore Advanced Glass Market By End-User
13.4.12 Australia
13.4.12.1 Australia Advanced Glass Market By Product Type
13.4.12.2 Australia Advanced Glass Market By Application
13.4.12.3 Australia Advanced Glass Market By End-User
13.4.13 Rest of Asia-Pacific
13.4.13.1 Rest of Asia-Pacific Advanced Glass Market By Product Type
13.4.13.2 Rest of Asia-Pacific Advanced Glass Market By Application
13.4.13.3 Rest of Asia-Pacific Advanced Glass Market By End-User
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Advanced Glass Market by Country
13.5.2.2 Middle East Advanced Glass Market By Product Type
13.5.2.3 Middle East Advanced Glass Market By Application
13.5.2.4 Middle East Advanced Glass Market By End-User
13.5.2.5 UAE
13.5.2.5.1 UAE Advanced Glass Market By Product Type
13.5.2.5.2 UAE Advanced Glass Market By Application
13.5.2.5.3 UAE Advanced Glass Market By End-User
13.5.2.6 Egypt
13.5.2.6.1 Egypt Advanced Glass Market By Product Type
13.5.2.6.2 Egypt Advanced Glass Market By Application
13.5.2.6.3 Egypt Advanced Glass Market By End-User
13.5.2.7 Saudi Arabia
13.5.2.7.1 Saudi Arabia Advanced Glass Market By Product Type
13.5.2.7.2 Saudi Arabia Advanced Glass Market By Application
13.5.2.7.3 Saudi Arabia Advanced Glass Market By End-User
13.5.2.8 Qatar
13.5.2.8.1 Qatar Advanced Glass Market By Product Type
13.5.2.8.2 Qatar Advanced Glass Market By Application
13.5.2.8.3 Qatar Advanced Glass Market By End-User
13.5.2.9 Rest of Middle East
13.5.2.9.1 Rest of Middle East Advanced Glass Market By Product Type
13.5.2.9.2 Rest of Middle East Advanced Glass Market By Application
13.5.2.9.3 Rest of Middle East Advanced Glass Market By End-User
13.5.3 Africa
13.5.3.1 Africa Advanced Glass Market by Country
13.5.3.2 Africa Advanced Glass Market By Product Type
13.5.3.3 Africa Advanced Glass Market By Application
13.5.3.4 Africa Advanced Glass Market By End-User
13.5.3.5 Nigeria
13.5.3.5.1 Nigeria Advanced Glass Market By Product Type
13.5.3.5.2 Nigeria Advanced Glass Market By Application
13.5.3.5.3 Nigeria Advanced Glass Market By End-User
13.5.3.6 South Africa
13.5.3.6.1 South Africa Advanced Glass Market By Product Type
13.5.3.6.2 South Africa Advanced Glass Market By Application
13.5.3.6.3 South Africa Advanced Glass Market By End-User
13.5.3.7 Rest of Africa
13.5.3.7.1 Rest of Africa Advanced Glass Market By Product Type
13.5.3.7.2 Rest of Africa Advanced Glass Market By Application
13.5.3.7.3 Rest of Africa Advanced Glass Market By End-User
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Advanced Glass Market by country
13.6.3 Latin America Advanced Glass Market By Product Type
13.6.4 Latin America Advanced Glass Market By Application
13.6.5 Latin America Advanced Glass Market By End-User
13.6.6 Brazil
13.6.6.1 Brazil Advanced Glass Market By Product Type
13.6.6.2 Brazil Advanced Glass Market By Application
13.6.6.3 Brazil Advanced Glass Market By End-User
13.6.7 Argentina
13.6.7.1 Argentina Advanced Glass Market By Product Type
13.6.7.2 Argentina Advanced Glass Market By Application
13.6.7.3 Argentina Advanced Glass Market By End-User
13.6.8 Colombia
13.6.8.1 Colombia Advanced Glass Market By Product Type
13.6.8.2 Colombia Advanced Glass Market By Application
13.6.8.3 Colombia Advanced Glass Market By End-User
13.6.9 Rest of Latin America
13.6.9.1 Rest of Latin America Advanced Glass Market By Product Type
13.6.9.2 Rest of Latin America Advanced Glass Market By Application
13.6.9.3 Rest of Latin America Advanced Glass Market By End-User
14. Company Profiles
14.1 Advanced Glass & Mirror Inc.
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Corning Inc.
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Fuyao Glass Industry Group Co. Ltd.
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Huihua Glass Co. Limited
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Nippon Sheet Glass Co. Ltd.
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Saint Gobain
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Tyneside Safety Glass
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Asahi Glass Co.
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Koch Industries
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Advanced Glass & Mirror Inc.
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
14.11 Corning Incorporation
14.11.1 Company Overview
14.11.2 Financial
14.11.3 Products/ Services Offered
14.11.4 SWOT Analysis
14.11.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
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