Pune, India -- (SBWIRE) -- 10/03/2017 -- Market Scenario:
Advanced Glass is a superior grade of glass which possess specific characteristics designed for use across various applications. The glass is designed with the help of advanced technological substances and techniques.
One of the key drivers for the growth of Advanced Glass Market is the increase in urbanization which drives the growth of the building and construction industry. The rapid increase in the demand of value added materials for the housing projects is also driving the growth of the market. The wide range of product portfolio which is provided by the advanced glass manufacturers is also leading to the increase in usage of advanced glass, thereby driving the growth of the market. However, the factor restraining the growth of the market is the high cost of raw materials used in manufacturing of advanced glass.
The Advanced Glass Market is growing due the boom in the construction industry. The increase in per capita income and the trend of safe and sustainable construction are expected to drive the demand of Advanced Glass for construction purpose. The rapid shift in consumer preference i.e. providing preference to new innovative infrastructure over traditional building structures is further contributing to the growth of this market. The rise in the movement of rural population to urban areas in developing countries is creating demand for new and improved constructions which use glass. This is also driving the growth of the Advanced Glass Market. The changing lifestyle and the rapid urbanization is also contributing to the growth of the market.
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The report has been analyzed based on the type, end-user and regions. Amongst all types, the laminated glass is expected to be the highest growing owing to its wide spread use in various types of windows such as curtain walls, ribbon windows, punched or architectural windows, overhead glazing and specialty applications among others. The Advanced Glass with high performance glazing are used in wide range of structures including commercial buildings, airports & ports, schools, hospitals and federal buildings among others. Laminated glass provides with benefits such as safety, security, style along with sound.
The demand for Advanced Glass is driven by the increase in use of Advanced Glass across various industry verticals such as industrial, railways, infrastructure, automobiles, electronics and commercial and residential sector. The advantages provided by Advanced Glass such as security, sound reduction, UV control, durability, installation ease, safety, design versatility and others further make it suitable for use, thereby driving the growth of the market. The extensive range of Advanced Glass which is being provided by the Advanced Glass is expected to boost the growth of the market over the forecasted period.
Market Research Analysis:
Among all end-uses, the Advanced Glass is gaining importance in the automotive industry. The advanced glass is used in automotive photovoltaic roof systems for actively supplying power to the vehicle and substantially reducing the reliance on conventional sources of energy. The advanced glass helps automobile manufacturers to meet sustainability requirements by producing and using high performance infra-red reflecting and advanced infra-red absorbing glazing.
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APAC region is expected to be the fastest growing region during the forecast period due to huge investments from existing key players in the region. The adoption of various growth strategies by the companies and huge investments in research and development for development of technically advanced unique products is also expected to drive the growth of the market. North America region is also expected to grow at a relatively slow pace during the forecasted period due to the existence of good infrastructure in the region.
Key Points from Table of Contents:
7 Competitive Analysis
7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Type/Service Benchmarking
7.3 Murata Manufacturing Co Ltd (Japan)
7.3.2 Type/Service Offering
7.4 American Precision Glass Corp (U.S.)
7.4.2 Type/Service Offering
7.5 Atheer, Inc. (U.S.)
7.5.2 Type/Service Offering
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