ADVANCED GLASS MARKET GROWTH FORECAST UP TO 2024 BY PRODUCT TEMPERED , AUTOMOTIVE, GREENHOUSE, HOME APPLIANCES, LAMINATED

According to a new research report by Global Market Insights, Inc. Advanced Glass Market size is set to surpass USD 110 billion by 2024. Laminated glass market demand from automotive windshield application should register gains at over 6.5% by 2024. These products are widely used in the windscreens as they offer improved driver vision during bad climatic conditions such as ice, rain, mud and fog.

The products are resistant to impact and shock with the ability to absorb sun rays up to 99.9% and minimize UV transmission. Increasing automotive manufacturing base in China and India, and established transport industry in Europe along with visibility & visual comfort, thermal comfort, acoustic comfort, style and taste of these products in vehicles should positively impact advanced glass market demand.

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With the increasing application scope for glass across the electronics, residential, automotive, and commercial sectors, advanced glass market giants have lately been fortunate enough to have access to a plethora of lucrative growth opportunities. They have in fact, been prominently developing a variety of high quality and innovative glass products in order to consolidate their presence in this business space. In addition, to further expand their reach, companies have been adopting growth strategies such as mergers and acquisitions. The recent acquisition of TGP by Allegion is an instance of the efforts undertaken by the leading players of advanced glass market.

Elaborating further on the aforementioned deal, the leading security products and solutions supplier, Allegion, acquired the North American manufacturer of advanced fire frames, Technical Glass Products (TGP), to primarily extend its reach across North America. The deal has also helped Allegion gain access to TGP’s integrity and innovative ideology. Furthermore, it is imperative to mention that regional governmental bodies have also been playing a pivotal role in increasing advanced glass industry size. For instance, in order to curb carbon dioxide emissions, several regional governments have already deployed a stringent regulatory framework to promote the construction of energy-efficient buildings.

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Since last few years, advanced glass market has witnessed the launch of a slew of very interesting and innovative products. The launch of Gorilla Glass is one of the remarkable examples that depicts the continuous research undertaken toward new product development. This product is a next generation, scratch resistance, tough, and highly flexible glass.

In fact, currently, many of the electronics and smartphone manufacturers preferably choosing Gorilla glass for their devices. This product offers numerous benefits over other materials like plastic and metal. The increasing adoption of advanced versions of glass by consumer electronics manufacturers is indeed poised to boost advanced glass industry share over the years ahead.

Speaking along similar lines, a few years ago, the Internet behemoth Google developed augmented reality (AR) based glasses, which garnered mass popularity no sooner than its release. Currently, the large-scale deployment of AR in everyday activities has also considerably transformed advanced glass market outlook.

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The American audio equipment manufacturer, Bose Incorporation has recently unveiled its plan to develop AR based glasses as well, and has launched its prototype of AR wearables, which comprise motion sensors. In another instance, the American multinational technology company, Vuzix has also developed smart glasses and is looking forward to launching advanced version of wearables for future generation. Initiatives such as the aforementioned are certain to augment advanced glass market size.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.