Advanced Glass Market by Glass Type (Laminated Glass, Coated Glass, Toughened Glass, and Others), Function (Safety & Security, High Performance, Solar Control, Optics & Lighting, and Others), End-Users (Construction, Electronics, Aerospace & Defense, Automotive, Sports & Leisure, and Others)– Global Opportunity Analysis and Industry Forecast, 2024–2030
Advanced Glass Market was valued at USD 75.0 billion in 2023, and is slated to reach USD 118.1 billion by 2030, due to growing construction projects across the globe.
Graphic Design Market
Domain- Materials & Chemicals
Sub Domain- Advanced Materials
The Advanced Glass Market size was valued at USD 75.0 billion in 2023, and is predicted to reach USD 118.1 billion by 2030, with a CAGR of 6.7% from 2024 to 2030.
The growth of construction projects worldwide is boosting the advanced glass market. With a rising number of construction initiatives globally and a strong focus on sustainability, there is an increasing demand for advanced glass known for its energy-efficient properties. The construction industry's growing emphasis on environmentally friendly materials has led to a higher preference for advanced glass, which not only enhances energy efficiency but also aligns with the trend towards sustainable building practices. The use of advanced glass in construction contributes to better insulation, reduced energy consumption, and improved overall environmental performance, driving the growth of the advanced glass market.
Moreover, the rising demand for advanced glass across various industries, including automotive, electronics, and aerospace, underscores the growing recognition of its distinctive properties and applications. The automotive sector prioritizes advanced glass for its lightweight properties and enhanced safety, promoting fuel efficiency and occupant protection. Additionally, in electronics and aerospace, the unique optical and thermal characteristics of advanced glass are essential for applications such as displays, sensors, and aircraft components. The increasing versatility of advanced glass highlights its pivotal role in meeting the evolving technological and environmental needs of diverse industries, driving its rising demand.
However, the expansion of the glass manufacturing market is hindered by its substantial carbon footprint. The energy-intensive processes involved in glass production, particularly the high-temperature melting of raw materials, contribute significantly to greenhouse gas emissions. This environmental impact has garnered attention as a focal point of concern for consumers, regulatory authorities, and industries placing a high priority on sustainability.
On the contrary, the introduction of smart glasses, such as electrochromic and thermochromic glass, which offer dynamic control over transparency, tint, and light transmission while emitting fewer carbon emissions during production, is generating lucrative opportunities for market growth. The ability to adjust to changing environmental factors and user needs positions smart glasses at the forefront of cutting-edge technology, with applications ranging from energy-efficient windows in buildings to adaptive automotive sunroofs. This not only enhances user experience but also creates substantial growth opportunities in the advanced glass market. As these smart glass technologies continue to advance, they are set to revolutionize various industries, propelling the expansion of the advanced glass market.
Segment OverviewThe global advanced glass market is segmented on the basis of glass type, function, and end-user.
• By glass type, the market is segmented into laminated glass, coated glass, toughened glass, and others.
• by function, the market is divided into safety & security, high performance, solar control, optics & lighting, and others.
• By end-user, the market is classified into construction, electronics, aerospace & defense, automotive, sports & leisure, and others
North America dominates the advanced glass market
The advanced glass market showing rapid growth in North America, primarily driven by the expansion of the construction industry. Increased construction activities, spanning residential, commercial, and infrastructure projects in the region, are driving demand for advanced glass solutions. Architects and builders are increasingly opting for advanced glass due to its diverse applications, including energy-efficient windows and contemporary glass structures. These applications, offering enhanced insulation, solar control, and aesthetic appeal, contribute to the growing popularity of advanced glass in construction. As urbanization and infrastructure development continue in North America, the advanced glass market is anticipated to expand, playing a pivotal role in shaping the region's architectural landscape.
Furthermore, the advanced glass market experiences substantial growth driven by the presence of key industry players such as Corning Inc, GrayGlass Company, and Advanced Glass & Mirror, Inc. These leading companies are crucial in steering the market's expansion through their expertise, innovations, and market influence. Their active involvement in advancing glass technologies contributes to various sectors, including construction, automotive, electronics, and aerospace. For instance, in December 2022, Corning Incorporated launched Corning Gorilla Glass Victus 2, an advanced glass designed for improved durability and drop resistance on rough surfaces such as concrete. With a focus on scratch resistance and drop performance, this innovation addresses the growing demand for robust smartphone screens. As these key players lead the way in innovation, they play a major role in broadening the application and adoption of advanced glass, thereby driving market growth.
Key Market Players
Key market players operating in the advanced glass market include:• Asahi Glass Co., Ltd
• Saint Gobain S.A
• Nippon Sheet Glass Co., Ltd
• Corning Inc
• GrayGlass Company
• Schott AG
• Advanced Glass & Mirror Inc
• Guardian Industries
• Sisecam Group
• PPG Industries, Inc
• Abrisa Technologies
• Central Glass Co., Ltd
• Euroglas GmbH
• Fuyao Glass Industry Group Co. Ltd
• Advanced Glass & Mirror Inc.
Recent DevelopmentsNovember 2023
Nippon Sheet Glass Co., Ltd (NSG) inaugurated a new production line in Malaysia, marking the commencement of operations for a novel transparent conductive oxide (TCO) glass. The TCO glass manufactured at this facility is being supplied to support First Solar's manufacturing operations in Southeast Asia while also addressing the growing global demand for solar panels. By establishing this production line, NSG is actively contributing to the solar energy sector, aligning with the broader industry trends and commitments towards sustainable energy solutions.
June 2023
Saint-Gobain inaugurated the production line of low carbon glass in India, with a targeted 40% reduction in carbon footprint compared to their current product lineup. This innovative glass offering addresses the growing demand for sustainable building materials in India's construction industry, playing a crucial role in diminishing both operational and embodied carbon in buildings.
KEY BENEFITS• The construction market report provides a quantitative analysis of the current advanced glass market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the advanced glass market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the advanced glass market is provided in the report.
• The competitive analysis of the market players along with their market share in the advanced glass market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.-
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.