Global Glass Additives Market - 2023-2030

Global Glass Additives Market - 2023-2030

Global Glass Additives Market reached US$ 1.1 billion in 2022 and is expected to reach US$ 1.4 billion by 2030, growing with a CAGR of 3.6% during the forecast period 2023-2030.

The glass additives market is a dynamic and rapidly evolving segment within the broader glass industry. It involves the incorporation of various materials during the glass manufacturing process to enhance the properties and functionalities of glass products. The additives can introduce features such as increased strength, enhanced energy efficiency, advanced optical characteristics and electrical conductivity.

One notable driving force behind the glass additives market is the construction industry's increasing emphasis on energy-efficient and environmentally sustainable building solutions. The demand for energy-efficient glass additives, like low-emissivity (Low-E) coatings, has surged to meet strict energy codes and green building standards. Furthermore, the automotive sector is progressively turning to glass additives to create lightweight and energy-efficient glass for vehicles, aligning with the industry's goals of enhancing fuel efficiency and reducing emissions.

Metal alloys hold the largest segment in the global market with a share of 45.7%. Similarly, the Asia-Pacific dominates the glass additives market, capturing the largest market share of over 1/3rd. The region is considered a central hub for electronics manufacturing, substantial growth is anticipated in the smart glass market, reflecting the heightened demand for technologically advanced glass products.

Dynamics

Rising Demand for High-Performance Glass

High-performance glass is widely adopted in contemporary construction due to its exceptional thermal insulation, soundproofing and safety characteristics. The global construction industry, fueled by urbanization and infrastructure development, serves as a significant driver. The global construction report by global construction perspectives and Oxford Economics forecasts a substantial 85% growth in global construction output to reach US$15.5 trillion by 2030, greatly influencing the glass additives market.

The automotive sector heavily relies on high-performance glass to enhance safety, aesthetics and energy efficiency. The global automotive glass market is expanding due to increased vehicle production and consumer demand for advanced features. In July 2020, Guardian Glass has introduced advanced glass coatings such as Guardian SunGuard SuperNeutral to fulfill the energy efficiency requirements of contemporary architecture.

High-performance glass is indispensable in the electronics industry, finding applications in touchscreens, displays and optical components. With the growing prevalence of smartphones, tablets and OLED TVs, the need for advanced glass additives is on the rise.

Swift Technological Progress

The emergence of state-of-the-art coatings, frequently incorporating nanotechnology, has sparked a revolution in the glass industry. The coatings enhance characteristics such as anti-reflectivity, self-cleaning capabilities and solar control, stimulating demand in the architectural, automotive and electronics sectors.

Technological strides have given rise to smart glass, capable of dynamically adjusting its transparency based on environmental conditions or user preferences. It innovation has garnered substantial interest in the construction and automotive domains.

In July 2023, In order to create a new kind of glass that can be produced via additive manufacturing, Lithoz GmbH, with its headquarters in Vienna, Austria, collaborated with Glassomer, a producer of technical and optical components with its headquarters in Freiburg, Germany. The new material, ""LithaGlass powered by Glassomer,"" is processed utilizing Lithoz's ceramic additive manufacturing technology that is lithography-based, producing components with excellent mechanical stability and precision.

Persistent research endeavors have led to the development of glass additives that amplify energy efficiency. It is particularly pertinent in architectural design, where energy-efficient glass is increasingly mandated by building codes and sustainability objectives.

Technological Advancements

The construction sector stands to gain significantly from glass additives geared towards environmental sustainability. The market has witnessed a surge in demand for glass with additives that enhance energy efficiency, insulation and solar control. Following the construction industry's aim to reduce energy use and carbon emissions, this demand is mostly driven by green building standards like LEED (Leadership in Energy and Environmental Design).

Lighter and environmentally friendly glass has become increasingly popular in the automotive sector since it is essential for reducing fuel use and emissions. The development of more lightweight, fuel-efficient automobiles made possible by glass additives is completely in line with the sustainability objectives of the automobile sector.

Glass additives play an integral role in improving the recyclability and durability of glass products. The additives facilitate glass recycling, thereby reducing waste and promoting the circular economy model, which champions sustainability.

Cost and Pricing Pressure

The development of innovative glass additives that align with sustainability, energy efficiency and enhanced performance necessitates substantial investments in research and development. Manufacturers must recover these expenditures through pricing, potentially rendering glass products enriched with additives less accessible to price-sensitive consumers.

Many glass additives necessitate specialized raw materials, some of which can be expensive to procure. For instance, certain nanomaterials employed in advanced coatings come with elevated costs, contributing to increased production outlays.

The incorporation of additives into glass often entails intricate production procedures, requiring specialized equipment and skilled labor. The aspects drive up manufacturing expenses. To adhere to safety, quality and environmental standards, glass products incorporating additives undergo rigorous testing and certification processes. The endeavors, while essential, extend both the production timeline and costs.

Regulatory and Safety Compliance

Glass products enriched with additives must undergo exhaustive testing and certification procedures to ascertain their alignment with safety and quality standards. It entails evaluations for impact resistance, fire safety and chemical stability, necessitating both time and financial investments to meet these prerequisites.

In the construction industry, where energy-efficient glass is in high demand, adherence to energy codes and green building standards (e.g., LEED) is non-negotiable. Complying with these standards often necessitates the utilization of particular glass additives and coatings to enhance insulation and solar control.

The automotive sector contends with stringent safety and environmental regulations. Glass additives employed for weight reduction and energy efficiency must align with rigorous automotive safety standards (e.g., FMVSS in United States) and emissions requirements (e.g., Euro 6 emissions standards in Europe).

Environmental sustainability regulations like the European Union's REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) regulation influence the use of specific additives in glass production by imposing limitations on the use of hazardous substances.

Segment Analysis

The global glass additives market is segmented based on product, chemical elements, application, end-user and region.

Increase in Demand for Metal Alloys in Architectural Contexts

Metal alloys, especially those containing elements such as aluminum, titanium or nickel, possess the capability to significantly bolster the strength and durability of glass, making it 45.7% of the global share. It proves especially crucial in architectural contexts where safety and durability are of paramount concern. The integration of metal additives reinforces the glass, rendering it more resistant to impacts and structural stress.

In April 2022, the strength and durability of the materials and components used in aviation and space exploration have recently been significantly improved due to a new metal alloy created by NASA researchers utilizing a 3D printing technology. It has led to greater and longer-lasting performance.

In comparison to current state-of-the-art alloys, NASA Alloy GRX-810, an oxide dispersion strengthened (ODS) alloy, can withstand temperatures exceeding 2,000 degrees Fahrenheit, is more malleable and can last more than 1,000 times longer. Because ODS alloys can resist more severe conditions before failing, these new alloys can be used to create aerospace parts for high-temperature applications, such as those inside aircraft and rocket engines.

Certain metal alloys exhibit exceptional thermal and electrical conductivity properties. When incorporated into glass, they enhances its ability to conduct heat or electricity effectively. It attribute holds particular significance in electronics applications where glass substrates with improved conductivity are pivotal for manufacturing microelectronics, touchscreens and displays.

Geographical Penetration

Substantial Investments in Infrastructure Development

Asia-Pacific glass additives market is expected to reach up to 41.3% in the forecast period. The Asia-Pacific area is undergoing a construction boom as a result of countries like China, India and Southeast Asian countries investing extensively in infrastructure development. There is an increasing demand for energy-efficient glass additives such as insulating chemicals and low-emissivity (Low-E) coatings to meet rigorous energy restrictions and environmentally conscious building standards capability goals.

Glass additives are indispensable in the production of high-performance glass for these devices, satisfying the burgeoning demand for advanced technology products. The Asia-Pacific construction market is flourishing, spurred by urbanization and infrastructure expansion. By 2030, Oxford Economics projects that the Asia-Pacific area will contribute 59% of the world's construction production, underlining the enormous demand for glass additives in environmentally friendly and energy-efficient building techniques.

In addition, the Chinese government is strongly promoting EVs. Glass additives for EVs, including lightweight glass solutions and coatings to enhance energy efficiency, are expected to witness heightened demand.

Competitive Landscape

The major global players in the market include Asahi Glass Co., Ltd., Saint-Gobain S.A., Nippon Sheet Glass Co., Ltd., AGC Inc., Guardian Industries, Central Glass Co., Ltd., Pilkington Group Limited, Vitro, S.A.B. de C.V., Schott AG and Sisecam Group.

COVID-19 Impact Analysis

The emergence of COVID-19 has decelerated glass additives market growth, however, due to the lift of the lockdown, markets are slowly gaining traction. The sudden rise in CAGR is attributable to the glass additives market’s demand and growth, returning to the pre-pandemic level once the pandemic is over.

Most industrial operations have been shut down as a result of the COVID-19 pandemic's spread and the demand for glass additives products has been significantly impacted. Its numerous end-user industries have experienced a decline as a result.

Russia-Ukraine War Impact Analysis:

Instability caused by war influences energy prices, which can affect the production costs of glass and glass additives products, especially those designed for energy efficiency. High energy prices can make energy-efficient glass additives less cost-effective for consumers. Trade disruptions and restrictions imposed on Russia and Ukraine can affect the export and import of glass additives products. Companies relying on these markets for sales or sourcing materials need to adapt their strategies.

Geopolitical conflicts can have ripple effects on the global economy, which can, in turn, affect consumer spending, construction activity and investments in various regions. The economic factors can indirectly influence the glass additives market. Glass has been one of the industries most negatively impacted by the war. 23 countries on the continent are home to 162 glass manufacturing facilities, all of which are fuel-injected and must run continuously.

By Product
• Metal Alloys
• Nanoparticles
• Polymers
• Rare Earth Metals

By Chemical Elements
• Iron
• Manganese
• Sulfur
• Nickel
• Titanium
• Chromium
• Uranium
• Others

By Application
• Glass Transition
• Silicate Glass Manufacturing
• Aerodynamic Levitation
• Network Glasses
• 3D Printing
• Color Strengthening
• Others

By End-User
• Packaging
• Building & Construction
• Electronics & Appliances
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• On October 5, 2022, a brand-new, particularly created additive called BYK-Max CT 4275 is being introduced by BYK Additives, which may be utilized in a wide range of polyamides, including those used in the automotive industry. According to the company, the silicate's unique shape and optimized surface treatment ensure nearly flawless exfoliation in polar systems while improving dispersion and absorption into the thermoplastic matrix.
• On May 16, 2022, using ocean-bound PET bottles as a feed stream for chemical upcycling into polybutylene terephthalate (PBT) resin, SABIC, a global leader in the chemical industry, today unveiled LNPTM ELCRINTM WF0061BiQ resin.

Why Purchase the Report?
• To visualize the global glass additives market segmentation based on product, chemical elements, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of glass additives market-level with all segments.
• The PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global glass additives market report would provide approximately 69 tables, 78 figures and 224 Pages.

Target Audience: 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies