A study on the Advanced glass market was conducted to understand the landscape in 2022. 

Kenneth Research
A study on the Advanced glass market was conducted to understand the landscape in 2022.

Survey Period: December 05 – December 12, 2022
Researcher: RNPL
Survey Base: We surveyed 545 market players of all sizes.
Number of valid answers: 545
Survey method: 226 field surveys, 319 internet surveys
Survey Respondents: The survey was conducted among companies based on revenue. Investigation result:
Q: How big is the advanced glass market?
The global advanced glass market is estimated to garner a revenue of up to US$311 billion by the end of 2035, growing at a CAGR of up to 13% over the forecast period i.e. 2023-2035. Moreover, the market will generate revenue of approximately US$75 billion in 2022.
Q: What are the advantages of the advanced glass market?
Advanced glass is premium grade glass made from soda ash, natural gas, iron, and pure silica (fused silica, SiO2). These glasses undergo numerous chemical and mechanical treatments to enhance their technical and technological developments, depending on their intended use. These glasses have many benefits such as UV resistance, sun control, UV protection, noise reduction, long life, safety and security. Due to their excellent figure of merit, these glasses are widely adopted in various industrial fields such as green construction, automotive, electronics, sports, optics, lighting and smart home.
Q: What are the key factors driving the growth of the advanced glass market? The key factors driving the growth of the advanced glass market are: Increased utilization of advanced glass in solar panel manufacturing – In 2018, approximately 25 oxyjoules of renewable energy were consumed globally, while demand for solar power will reach approximately 100 gigawatts by 2024. predicted to reach. Solar cells collectively make up a solar panel and are highly installed around the world.
Photovoltaic glass is the key technology behind the functioning of solar panels. Other benefits of solar control glass include blocking the sun’s heat and allowing for optimal light transmission.
Growing demand for safety glasses
Optical and lighting sales increase worldwide
Soaring global population and TV sales
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Q: What are the challenges associated with the advanced glass market? Some of the challenges associated with the advanced glass market are: High prices and limited availability of raw materials – The market is expected to be hampered by rising prices for advanced glass, restricted access due to widening supply and demand gaps, and unstable supply of raw materials. Rising raw material costs are projected to limit the market for advanced glass in the next few years.
Existence of alternatives on the market
Supply chain decline following COVID-19
Please see here for the detail. : http://bit.ly/3H3qpHN
Q: How is the advanced glass market segmented?
The advanced glass market is segmented based on the following segments: ・ By type of glass
o Lamination
o Coating
o tempered glass
By end user
o commercial
o Residential construction
o Infrastructure
o car
o Electronics
o Sports/Leisure
・ By application
o Safety and Security
o solar control
o Optics and lighting
o high performance
Q: Based on glass type, which segment recorded the greatest growth? Based on glass type, the tempered glass segment is expected to hold the largest market share in the projected time frame. Safety glass that has undergone a precise heat or chemical treatment to make it stronger than normal glass is known as toughened glass or tempered glass. Commercial, residential, and industrial buildings, vehicle mirrors and windows, greenhouses, home appliances (microwaves, refrigerators, cookware, etc.), and gadgets such as computers, tablets, and mobile phones are all You can benefit from using it. tempered glass or tempered glass.
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Q: Who are the key players in the Advanced Glass market? What are the recent developments in the Advanced Glass market?
Major players in the market are Tyneside Safety Glass Co. Ltd, Advanced Glass & Mirror Inc., Türkiye Şişe ve Cam Fabrikaları A.Ş., AGC Group, Compagnie de Saint-Gobain S.A, Fuyao Glass Industry Group Co., Ltd. , Guangzhou Huihua Packaging Products Co, Ltd, Koch Industries, Inc., Nippon Sheet Glass Co., Ltd., Corning Glass Works Inc.,
Q: Which regions are expected to offer lucrative growth opportunities in the advanced glass market?
The market in the North America region is projected to hold the largest market share by the end of 2035 and offer more business opportunities in the future. Expansion of the building sector in the region and increasing consumption of solar energy are likely to contribute to the expansion of the market.
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About the company:
Research Nester (RNPL) goal is to help clients achieve their goals by providing efficient business solutions. Through our diverse network of research analysts and consultants, we help our clients understand all the key aspects of business valuation, including budgeting, to deliver strategic business solutions around the world. RNPL has earned trust and a customer base in over 30 countries, with an even greater focus on expansion into other economies. We are committed to providing our clients with the best possible service and helping them expand their scope of business.
Details about this release:
https://prtimes.jp/main/html/rd/p/000003190.000059861.html

MAIL:cr@prtimes.co.jp

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