Low E coated glass to gain traction in advanced glass market by 2024

With glass playing an invaluable in a myriad of applications, including automotive, construction, gadgets and hospitals, advanced glass market share is touted to gain a notable uptick. Advances will continue to be witnessed in glass industry, helping stakeholders gain a competitive edge in the landscape.

The application of advanced glass has become pivotal given that the material is poised to provide unparalleled opportunities for industry players and other stakeholders in the market. Expanding penetration of smartphone and an upsurge in manufacturing of cars present bullish business outlook. Global Market Insights, Inc., has projected advanced glass market size to surpass US$110 bn by 2024.

The follow market dynamics will help advanced glass companies build strategies and turn industry-specific trends into actionable opportunities for growth:

With the automotive industry witnessing technological advancements to offer better driving experience, automotive glassmakers are infusing funds in advanced glass for comfort, efficiency, safety and automobile performance.

Giving rise to tremendous possibilities, wiper-free windshields have come to the fore as automotive glassmakers continue to apply high-frequency sound waves to the glass surface. Besides, gorilla glass has taken the automotive industry by storm as it has creeped into the windshield of cars. Gorilla glass can resist impacts from gravel, stones and hailstones and can boost fuel-efficiency and reduce harmful CO2 emissions.

Of late, display projection has forged into automotive industry for they enable drivers to pair their smartphones with the windscreen of the car while driving. Simply put, display projection helps the occupants to text or make a call by using Bluetooth windscreen pairing.

Investment in Low E coated glass to drive growth

Glass makers are expected to infuse funds in low emissivity coated glass which offers high strength and does not get fragmented into pieces in case of accidents. Notably, low E provides low surface emissivity, re-radiates and absorbs less light and heat, making it ideal for automotive windscreen applications. Low emissivity coated glass market for automotive windshield application is likely to attract US$3.2 billion by 2024.

Product portfolio expansion in the U.S., Canada and Mexico will potentially spur North America glass market revenue. A transition towards adoption of environmentally friendly and recyclable materials, natural insulation and environmental protection in the buildings is likely to bolster the position of North America in advanced glass industry. North America advanced glass market size is expected exceed 2 billion square meters during the assessment period 2017-2024.

Advanced glass market | Growth opportunities in Europe

Europe is projected to appear as a viable investment hub with the U.K. witnessing traction for coated glass in hospitals, offices and commercial spaces. Rigorous regulations imposed by EU Commission to curb CO2 emissions will augur well for stakeholders in the region.

Stakeholders are expected to boost toughened glass portfolio for it has gained impetus roofs and walls for agriculture greenhouses. Some of the attributes such as high conductivity, high transparency will boost confidence of stakeholders. Toughened glass from greenhouse application is expected to surpass US$ 100 bn by 2024.

Potential restraints

Some of the factors such as high cost and demand supply imbalance of raw materials and processing cost may derail the Advanced glass market growth.

Some of the leading companies profiled in the Advanced glass market report are Sisecam Group, Guardian Industries, NSG, Glaze-Tech Industries, PPG Industries, among several others. In a bid to expand their footfall, these companies are expected to adopt business strategies, including mergers & acquisitions and product roll outs.