The Advanced Glass Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Advanced Glass Global Market Report 2024, The advanced glass market size has grown strongly in recent years. It will grow from $64.84 billion in 2023 to $70.46 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increased focus on energy efficiency, automotive industry growth, solar energy applications, government regulations and standards, consumer preferences for aesthetics, safety and security concerns..
The advanced glass market size is expected to see strong growth in the next few years. It will grow to $94.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rising popularity of electric vehicles, global efforts for energy conservation, health and safety concerns in public spaces, demand for high-performance displays, circular economy initiatives.. Major trends in the forecast period include innovations in coated glass technologies, lightweight automotive glazing, sustainable and recyclable glass solutions, integration of augmented reality in glass manufacturing, advancements in glass nanotechnology..
The expansion of green buildings is expected to propel the growth of the advanced glass market going forward. Green buildings can sustain or enhance the quality of life in the surrounding area due to design and construction. Advanced architectural glass can help a building project achieve credit points in six Leadership in Energy and Environmental Design (LEED) categories. It can assist green buildings in reducing the energy consumption for heating, cooling, and artificial lighting all at once. For instance, in January 2023, according to the US Green Building Council (USGBC), a US-based non-profit organization globally, 100,000 Leadership in Energy and Environmental Design (LEED)-certified projects covering more than 11 billion gross square feet- have been approved. Further, over 5,000 additional projects in the US were LEED certified in Q3 2022, and 8,800 additional project registrations were made in 2022. Therefore, the expansion of green buildings is driving the advanced glass market.
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The advanced glass market covered in this report is segmented –
1) By Type: Laminated Glass, Tempered Glass, Ceramic Glass, Other Types
2) By Application: Solar Control, Safety And Security, Optics And Lighting, High Performance, Other Applications
3) By End-Use: Construction, Infrastructure, Automobiles, Electronics, Other End-Uses
Major companies operating in the advanced glass market are focusing on developing innovative products such as bullet-resistant and forced entry protection glass to better meet the needs of existing consumers. Bullet-resistant and forced entry protection glass is a type of glass that is designed to withstand bullets and forced entry attempts. It is typically made of multiple layers of glass with a plastic interlayer in between. For instance, in October 2021, Thompson Innovative Glass, a US-based provider of premier glass fabrication, launched the Defender line of bullet-resistant and forced entry protection glass. They are uniquely designed glass series that provide various options, eliminate risks, and have been tested to endure intense physical assaults. Through independent testing, the Defender BR-rated items are confirmed to meet and exceed those levels’ UL safety code standards. It gives time for people to react and for first responders to get there. When used as an external treatment, it also brings the added benefit of severe weather protection.
The advanced glass market report table of contents includes:
1. Executive Summary
2.Advanced Glass Market Characteristics
3.Advanced Glass Market Trends And Strategies
4.Advanced Glass Market analysis
5.Advanced Glass Market Size And Growth
6.Advanced Glass Segmentation
7. Advanced Glass Regional And Country Analysis
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27.Advanced Glass Competitive Landscape And Company Profiles
28.Advanced Glass Key Mergers And Acquisitions
29.Advanced Glass Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Saint-Gobain S.A.
- PPG Industries Inc.
- Kyocera Corporation
- AGC Inc.
- Corning Inc.
- Hoya Corporation
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