USD 60.40 Billion
Advanced Glass Market Size, Share, Growth Analysis, By Type(Laminated Glass, Coated Glass, and Toughened Glass, Other Advanced Glasses), By End Users(Residential Construction, Infrastructure Construction, Automobiles, Electronics), By Function(Safety and Security, Solar Control, Optics and Lighting, High Performance and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2159 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
64
|Figures:
75
Advanced Glass Market Insights
Advanced Glass Market size was valued at USD 60.40 Billion in 2022 and is poised to grow from USD 65.17 Billion in 2023 to USD 119.74 Billion by 2031, at a CAGR of 7.90% during the forecast period (2024-2031).
The Advanced Glass Market is experiencing substantial growth due to the unique properties and versatility of advanced glasses in various applications. These specialized grades of glass are specifically designed or modified to enhance their mechanical, optical, or thermal properties. The demand for advanced glass is being driven by several factors across multiple industries. One of the key drivers of the advanced glass market is the increasing need for energy-efficient solutions. Advanced glasses, such as Low-E glass, possess exceptional thermal insulation properties, resulting in significant reductions in energy consumption for buildings. Widely used in the construction industry, these glasses are incorporated into windows, doors, and skylights.
Moreover, the infrastructure sector also presents a significant market for advanced glass, with the Asia Pacific region leading in this domain. Governments and organizations in various countries are actively involved in infrastructure development. For example, the Asian Infrastructure Investment Bank (AIIB) recently signed a loan agreement of USD 153.96 million with Fraport TAV Antalya (FTA) to enhance airport services and travel alternatives. The growing use of smart glass technology is another contributing factor to the expansion of the advanced glass market.
Smart glass, a type of advanced glass, has the ability to alter its transparency or color in response to external conditions such as light or heat. This technology finds applications in mirrors, windows, and displays, and is particularly popular in the automotive industry, where it is utilized in sunroofs and side windows. The healthcare sector is also witnessing an increased adoption of advanced glass. Glasses with unique properties, including antimicrobial coatings, are widely used in medical equipment and devices, making them increasingly popular in hospitals and other healthcare facilities. With its burgeoning construction industry and rapid urbanization, the Asia Pacific region is emerging as a robust market for advanced glass. Additionally, North America boasts significant market potential for advanced glass due to the presence of prominent market players and the rising demand for sustainable construction solutions in the region.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Laminated Glass
Fastest Growth
Laminated Glass
Growth Rate
7.90% CAGR
Advanced Glass Market ($ Bn)
Country Share for North America Region (%)
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Advanced Glass Market Segmental Analysis
The Advanced Glass Market is segmented by Type, end users, function and region. Based on Type, the market can be segmented into Laminated Glass, Coated Glass, and Toughened Glass, Other Advanced Glasses. Based on end users, the market is segmented into Residential Construction, Infrastructure Construction, Automobiles, Electronics, Sports, Leisure, Others. Based on function, the market is segmented into Safety and Security, Solar Control, Optics and Lighting, High Performance and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
By Type, the market can be segmented into Laminated Glass, Coated Glass, and Toughened Glass, Other Advanced Glasses. Laminated glass holds a dominant position in the advanced glass market. It is a composite glass product consisting of two or more glass layers bonded together with an interlayer material, usually polyvinyl butyral (PVB). Laminated glass offers enhanced safety, security, and soundproofing capabilities, making it highly sought after in various industries.
Coated glass represents the fastest-growing segment in the advanced glass market. It is a type of glass that has a thin layer of metal or other compounds applied to its surface. The coating enhances the glass's properties, making it suitable for a wide range of applications. Coated glass plays a significant role in energy-efficient building designs. It offers solar control properties by reflecting a portion of the sun's heat and reducing solar glare, thereby reducing the need for excessive air conditioning and improving indoor comfort.
Analysis by Application
By application, the market can be segmented into Residential Construction, Infrastructure Construction, Automobiles, Electronics, Sports, Leisure, Others. The Infrastructure Construction industry holds a dominant position in the advanced glass market. Advanced glass materials are extensively used in various construction applications, including facades, windows, doors, partitions, and skylights. With the increasing emphasis on energy-efficient buildings, advanced glass plays a crucial role in improving insulation and reducing heat transfer. It helps in minimizing the reliance on heating, ventilation, and air conditioning (HVAC) systems, leading to reduced energy consumption and lower carbon emissions.
The automotive industry represents the fastest-growing segment in the advanced glass market. Advanced glass materials find extensive use in automotive applications, including windshields, side windows, and rear windows. The automotive industry prioritizes safety, and advanced glass, such as laminated glass and toughened glass, offers enhanced impact resistance and durability. These properties help protect vehicle occupants during accidents, reducing the risk of injury.
Advanced Glass Market By Type
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Advanced Glass Market Regional Insights
North America is dominate the advanced glass market by prominent market players and is driven by the increasing demand for sustainable construction solutions. The region has witnessed a growing emphasis on energy-efficient buildings, leading to the adoption of advanced glass, such as Low-E glass, in the construction sector. Additionally, the automotive industry in North America has been a significant consumer of advanced glass, especially in applications like sunroofs and side windows. With the presence of established manufacturers and a strong focus on technological advancements.
On the other hand, the Asia Pacific region is experiencing rapid growth in the advanced glass market, primarily due to its booming construction industry and increasing urbanization. The region's governments and organizations are actively investing in infrastructure development, propelling the demand for advanced glass in various construction projects. Additionally, the rising awareness regarding energy efficiency and sustainable building materials has led to the adoption of advanced glass in the Asia Pacific region. With its vast population and emerging economies, APAC presents immense growth potential and is projected to be the fastest-growing market for advanced glass globally.
Advanced Glass Market By Region
- Largest
- Fastest
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Advanced Glass Market Dynamics
Advanced Glass Market Drivers
Growing demand for energy-efficient solutions
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One significant driver of the Advanced Glass Market is the growing demand for energy-efficient solutions. Advanced glasses, such as Low-E glass, offer excellent thermal insulation properties that significantly reduce energy consumption in buildings by minimizing the need for heating and cooling. This increasing emphasis on energy efficiency, driven by environmental concerns and regulations, has led to a higher adoption of advanced glass in various industries, including construction, automotive, and aerospace. The demand for energy-efficient materials continues to fuel the growth of the advanced glass market worldwide.
Restraints
High production costs associated with advanced glass manufacturing
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One important restraint in the Advanced Glass Market is the high production costs associated with advanced glass manufacturing. The specialized processes and materials required to produce advanced glass with enhanced properties contribute to higher production expenses. This can limit the affordability and accessibility of advanced glass for certain industries or applications. Additionally, the complex manufacturing techniques may require significant investments in research and development, making it challenging for smaller manufacturers to enter the market. The cost constraints pose a restraint on the widespread adoption of advanced glass across various sectors.
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Advanced Glass Market Competitive Landscape
The Advanced Glass Market is characterized by a diverse range of companies striving to establish their presence and gain a competitive edge. Market players are focusing on research and development activities to introduce innovative products with enhanced functionalities and properties. Companies are also investing in strategic partnerships, collaborations, and acquisitions to expand their market reach and strengthen their product portfolios. Moreover, there is a growing emphasis on sustainable practices and the development of eco-friendly advanced glass solutions to cater to the increasing demand for environmentally conscious materials in various industries.
Advanced Glass Market Top Player’s Company Profiles
- Corning Incorporated (US)
- AGC Inc. (Japan)
- Nippon Sheet Glass Co., Ltd. (Japan)
- Saint-Gobain S.A. (France)
- SCHOTT AG (Germany)
- NSG Group (Japan)
- Asahi Glass Co., Ltd. (Japan)
- Guardian Industries (US)
- PPG Industries, Inc. (US)
- Vitro, S.A.B. de C.V. (Mexico)
- Xinyi Glass Holdings Limited (China)
- Fuyao Glass Industry Group Co., Ltd. (China)
- Central Glass Co., Ltd. (Japan)
- Taiwan Glass Ind. Corp. (Taiwan)
- Sisecam Group (Turkey)
- Gentex Corporation (US)
- Cardinal Glass Industries (US)
- Euroglas GmbH (Germany)
- AGP Group (Brazil)
- China Glass Holdings Limited (China)
Advanced Glass Market Recent Developments
-
In June 2023, AGC Inc. announced the completion of its new production facility for automotive laminated glass in Belgium, expanding its manufacturing capacity to meet the growing demand for advanced automotive glass.
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In May 2023, Schott AG unveiled SCHOTT RealView® 2.0, an upgraded version of its augmented reality (AR) waveguide technology, offering improved image quality and a wider field of view.
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In March 2023, Corning Incorporated announced a partnership with Samsung Electronics to develop ultra-thin glass substrates for foldable displays, aiming to enhance the durability and performance of future smartphones and tablets.
Advanced Glass Key Market Trends
- One key market trend in the global advanced glass market is the increasing adoption of smart glass technology. Smart glass, which can change its transparency or color based on external conditions, is witnessing rising demand across multiple industries. The ability of smart glass to provide enhanced privacy, energy efficiency, and aesthetic appeal is driving its popularity in sectors such as construction, automotive, and electronics. As advancements in smart glass technology continue, including improved responsiveness and cost-effectiveness, the market is expected to witness significant growth in the coming years.
Advanced Glass Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The Advanced Glass Market is experiencing significant growth due to its unique properties and versatile applications across various industries. The increasing demand for energy-efficient solutions, driven by the construction sector and regulations promoting sustainability, is a major driver of market expansion. Additionally, the adoption of smart glass technology and its ability to adjust transparency or color based on external factors is fueling market growth, especially in the automotive industry. The healthcare sector is also witnessing a surge in the use of advanced glass with specialized properties. North America dominates the market with established players, while the Asia Pacific region shows immense growth potential due to rapid urbanization and infrastructure development.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 60.40 Billion |
| Market size value in 2031 | USD 119.74 Billion |
| Growth Rate | 7.90% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Advanced Glass Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Advanced Glass Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Advanced Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Advanced Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Advanced Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Advanced Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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