Advanced Glass Market Forthcoming Developments, Growth Challenges, Opportunities 2024

The growing infrastructure development across the globe is likely to propel Advanced Glass Market size, slated to generate a valuation of more than USD 110 billion by the end of 2024. Several regional governments are continuously deploying various infrastructure development policies to support companies in the automotive and construction sectors – this would further fuel advanced glass industry size over the coming timeframe. The escalating implementation of smart city programs along with shifting trends toward adoption of energy efficient solutions and green buildings in order to reduce carbon emissions will further contribute toward impelling the product demand considerably.

The increasing requirement of advanced windshield glass across the automotive sector has prompted advanced glass market giants to make hefty investments in research and development activities to introduce a new range of products. In fact, currently, low emissivity coated glasses are remarkably popular among various automakers for windshield applications, owing to their high strength and interlocking capability. These properties tend to minimize the chances of hazards to vehicle occupants after accidents. Low emissivity coated advanced glass market will generate a revenue of USD 3.2 billion by 2024, owing to its surging requirement for side and rear-view mirrors of automobiles.

Regional governments in the member states of the EU and regulatory bodies including EPA and REACH have taken initiatives to deploy various regulatory norms for residential and commercial buildings such as hospitals, institutes, and corporate offices to control the deployment of carbon dioxide emitting devices, which is certain to augment advanced glass industry size over the years ahead. In fact, these regulatory bodies are encouraging people to use renewable energy sources for accomplishing their energy needs. The increasing adoption of renewable energy resources such as solar energy will thus have significant impact on Europe advanced glass market outlook. Estimates state that UK coated advanced glass industry size from non-residential buildings is likely to increase at a CAGR of 3% over 2017-2024.

Considering the regional landscape, India advanced glass industry will record an annual growth rate of 5.5% over the coming timeframe, owing to the escalating need of solar control glasses for buildings. The shifting focus of consumers toward adoption of sustainable energy sources along growing awareness about benefits of energy efficiency is slated to boost product demand over the years ahead. In addition to India, China will also contribute considerably toward regional share of APAC advanced glass market, pertaining to the presence of strong automotive base.

In order to consolidate their presence in advanced glass industry, many players are looking forward to extending their product portfolio and regional reach by adopting various market strategies. Some of the renowned giants in advanced glass market are Guardian Industries, PPG Industries, Sisecam Group, Nippon Sheet Glass, Glaze-Tech Industries, and AGC.