Advanced Glass Market Size, Share & Trends Analysis Report By Product
This study helps professionals make sense of complex market trends and competitive shifts affecting the advanced glass industry today.
What Is The Current Outlook For The Advanced Glass Market By 2025?
The advanced glass market size has grown strongly in recent years. It will grow from $70.46 billion in 2024 to $75.62 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. 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 $100.86 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. 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.
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What Are The Key Driving Factors For The Growth Of The Advanced Glass Market?
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.
Global Advanced Glass Market Report Segmentation
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
Subsegments:
1) By Laminated Glass: Safety Glass, Soundproof Glass
2) By Tempered Glass: Heat-Strengthened Glass, Float Glass
3) By Ceramic Glass: Glass-Ceramic Cooktops, High-Temperature Applications
4) By Other Types: Coated Glass, Smart Glass, Reflective Glass
What Are The Key Trends And Market Opportunities In The Advanced Glass Sector?
Major companies operating in the advanced glass market are focusing on developing innovation, such as scratch resistance, which boasts twice the scratch resistance compared to other lithium aluminosilicate cover glasses. Scratch resistance refers to a material’s ability to withstand surface scratches or abrasions that could affect its appearance, texture, or functionality. For instance, in June 2024, Corning Inc., a US-based technology company, launched Gorilla Glass 7i, designed specifically for mid-range and budget smartphones. A new glass technology offers enhanced drop protection and twice the scratch resistance compared to similar products. It is designed for mid-range smartphones, providing the durability of premium devices. Engineered for sustainability, it meets the demands of modern displays like OLED screens. This innovation brings high-quality protection to a wider range of consumers.
Who Are The Leading Players In The Advanced Glass Market?
Major companies operating in the advanced glass market report are Saint-Gobain S.A., PPG Industries Inc., Kyocera Corporation, AGC Inc., Corning Inc., Hoya Corporation, Guardian Industries LLC, Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings Limited, Schott AG, Vitro S.A.B. de C.V., Gentex Corporation, Central Glass Co., Ferro Corporation, China Glass Holdings Limited, Cardinal Glass Industries, Sisecam Group, Ohara Corporation, Technical Glass Products Inc., Euroglas GmbH, Abrisa Technologies Inc., Sumita Optical Glass Inc., Tyneside Safety Glass Company Limited, Vuzix Corporation, Accuratus Corporation, Advanced Glass & Mirror Corp, American Precision Glass Corp., Pegasus Glassworks Inc., Nippon Sheet Glass Co., Glaston Corporation
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Which Region Is Projected To Hold The Largest Market Share In The Global Advanced Glass Market By 2029?
North America was the largest region in the advanced glass market in 2024. The regions covered in the advanced glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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