Sellbyville, DE -- (SBWire) -- 01/28/2019 --North America, with steady growth in the U.S. advanced glass market size should surpass 2 billion square meters during the forecast period. Shift in builder's trends towards environmental protection, safety, natural insulation and security in the buildings along with widespread of usage of recyclable and environmental friendly materials should positively influence regional industry growth.
Advanced glass possesses various characteristics such as superior solar control performance, transmission and absorption properties, thereby enhancing the energy effectiveness of the buildings, resulting into increased advanced glass market demand.
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Advanced Glass Market size is set to surpass USD 110 billion by 2024; according to a new research report by Global Market Insights, Inc. Global advanced glass market should surpass 85 million tons at end of 2024. Rapid industrialization & urbanization rate in China, Brazil, and India along with favorable government schemes to boost infrastructure development will support growth of housing, construction and automotive industries, thereby stimulating advanced glass market demand. Rising environmental concerns pertaining to carbon emissions and energy efficiency along with shift in consumer preference towards green buildings and safety products should positively influence advanced glass market growth.
Enormous movement of migrants to western countries with regulations regarding environmental concerns enforced by REACH and EPA for residential and non-residential buildings, should drive advanced glass market demand. Introduction of guidelines by LEED and FEMA pertaining to safety applications along with rise in per-capita middle class disposable income and living standards of consumers have further surged advanced glass market demand.
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Laminated glass market demand from automotive windshield application should register gains at over 6.5% by 2024. These products are widely used in the windscreens as they offer improved driver vision during bad climatic conditions such as ice, rain, mud and fog. The products are resistant to impact and shock with the ability to absorb sun rays up to 99.9% and minimize UV transmission. Increasing automotive manufacturing base in China and India, and established transport industry in Europe along with visibility & visual comfort, thermal comfort, acoustic comfort, style and taste of these products in vehicles should positively impact advanced glass market demand.
Key raw materials such as natural gas, soda ash and silica along with specialized mechanical and chemical methods are used in the production process. Demand supply deficit of these raw materials and processing cost of the product according to customer requirement may hinder advanced glass market price trend.
Toughened glass market demand from greenhouse applications should surpass USD 1 billion during the projected timespan. The product is used for both walls and roofs for agricultural greenhouses. Superior properties such as high transparency & high conductivity of light and heat along with allowance to trap energy into greenhouse to warm air, plants & water, should catalyze advanced glass market growth.
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Prominent manufacturers in advanced glass market space include NSG, Guardian Industries, Saint-Gobain, Glaze-Tech Industries, PPG Industries, AGC, and Sisecam Group. Industry participants are focusing on R&D to develop and expand product range and making strategies to size up production capacities to strengthen regional and global presence.
Advanced Glass Market Growth Till 2024 : Saint-Gobain, Guardian Industries, ?I?Ecam, Asahi Glass Co., Ltd., Cardinal Glass Industries, Press Glass, Schott
Rising environmental concerns pertaining to carbon emissions and energy efficiency along with shift in consumer preference towards green buildings and safety products should positively influence advanced glass market growth.