Albany, NY -- (SBWIRE) -- 02/28/2019 -- ResearchMoz.us has announced the addition of a report, titled "Technical Glass Market: Global Industry Analysis 2013 - 2017 and Forecast 2018 - 2026". The report on the global technical glass market presents elaborate assessment of key demand dynamics, prominent prospects, emerging technology trends, key application areas, and their impact on the competitive ecosystem.
The global technical glass market is projected to expand at a promising, single-digit CAGR of 7.2% from 2018 to 2026, vis-à-vis value. The market will witness copious revenues from the rising demand for advanced glass in various end-use industries and in a variety of architectural and structural applications.
The technical glass market is experiencing constant impetus from the extensive demand for engineered glass in several end-use industries. Key of them include the energy and fuel cells, pharmaceutical glass, electronic glasses, and home and commercial appliances industries. Owing to the attractive chemistries, technical glass are used in several high-technology applications, which has kept the prospects increasingly lucrative over the past several years. They notably find use in solar and thermal panels, precision lenses and mirrors, optical components, and sealants for fuel cells.
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The growing affordability of soda lime glass in recent years has added considerable revenues to the global technical glass market. On the other hand, alkali-lead silicate technical glass is a fast emerging category. Among the various product types, alkali-lead silicate technical glass is gathering substantial steam owing to its corrosive, technical properties, and chemical. Moreover, various types of technical glass are gathering pace in pharmaceutical packaging.
Constant improvements in the chemical resistance, mechanical strength, thermal stability, and optical transmission of technical glass have resulted in the advent of products with excellent performance profiles in developed markets. The market is also garnering huge gains from the increasing demand for high-technology glass framing systems in the construction industry. Efforts of manufacturers to meet a wide diversity of specialized glass needs of end-use industries brings new avenues.
Sizeable chunks of revenue in the global technical glass market are contributed by their use in electronic devices market. Recycling of glass is likely to play an immense role in shaping its growth trajectories. Large environmental benefits of the recycling form the most compelling proposition bolstering the demand. This is attributed to the fact that the recycling process is largely closed-loop one, since the process results preserving non-renewable or renewable resources.
Rising adoption of non-renewable energy in the developing regions, such as in emerging economies in various parts of the world, is paving way to vast lucrative avenues in the technical glass market.
The global technical glass is expected to exhibit prominent forces of consolidation in the near future. Some of key players operating in the market are Technical Glass & Aluminium Co. L.L.C, Guardian Industries, Jhonson Matthey, Nippon Electric Glass Co., Borosil Glass Works Ltd., Saint-Gobain, Asahi Glass Co., Ltd., Heraeus Holding, and Schott AG.
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