Technical Glass Market Strategy, Trends, Growth, Size, Share,...

Technical Glass Market Strategy, Trends, Growth, Size, Share, Demand and Forecast to 2034

Posté 2024-11-12 10:32:05

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The global technical glass market was valued at approximately US$ 23,564.6 million in 2019. The demand for technical glass is growing, particularly for use in high-performance displays, touchscreens, and other electronic devices with interactive screens, driven by their compact size and advanced capabilities.

By 2024, the market valuation for technical glass manufacturing is projected to reach around US$ 31,983.5 million. Current market trends indicate that demand for technical glass solutions is set to increase at a CAGR of 6.3% through 2034. At this rate, the global technical glass industry revenue is anticipated to reach approximately US$ 58,919.5 million by the end of 2034.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9714

Country-wise Insights

In 2024, combined sales of technical glass in the United States, Canada, and Mexico are anticipated to generate around US$ 6,763 million in revenue. The increasing trend of energy-efficient building designs across North America has boosted the demand for architectural and high-performance glass for construction. According to market insights, demand for technical and industrial glass in this region is projected to grow at a rate of 6.4% over the forecast period.

The United States is set to lead in specialty glass production, holding an industry value of approximately US$ 6,558.6 million, which accounts for 71.7% of the regional market in 2024. Beyond smart glass, a growing niche in technical glass is emerging for automotive applications, such as sensors, heads-up displays, and smart windows, especially in the U.S. and other major automobile manufacturing countries. Additionally, the U.S. technical glass market is expected to expand further, driven by rising demand in electric vehicle and aerospace applications.

Competitive Landscape

Some prominent players covered in the technical glass market include Schott AG, TAIWAN GLASS IND. CORP., Corning Inc., Heraeus Holding, Asahi Glass Co., Ltd., Nippon Sheet Glass Co., Ltd, Saint-Gobain, Flat Glass Group Co., Ltd., Borosil Glass Works Ltd., Allegion plc, Nippon Electric Glass Co., Ltd, Jhonson Matthey, Guardian Industries, Technical Glass & Aluminium Co. L.L.C, Xinyi Energy Holdings Limited, and Nissink Business Glass B.V. among others. The overall market is in a phase of fragmentation with the continuing entry of traditional glass manufacturing industries into the advanced glass sector.

As the use of technical glass in security and construction applications—such as impact, fire, and bullet resistance—continues to grow, regulatory requirements for the industry are becoming more stringent. The development of these regulatory standards for technical glass formulations is expected to restrict the entry of traditional glass manufacturing companies into the market.

Recent Developments by Technical Glass Industry Participants

In November 2022, Corning launched Glass Victus 2, a new glass specifically designed to protect foldable smartphones. The company claims it offers enhanced drop performance, particularly on uneven surfaces like concrete or other rough terrains. The first smartphones featuring Corning Gorilla Glass Victus 2 are expected to be released soon.

In January 2023, YES WORLD Climate Tech Pte Ltd unveiled its first energy-efficient window glass solution for residential and commercial buildings. This double-pane and sandwich glass, integrated with a layer of patented material that reflects solar radiation heat, effectively prevents solar heat from entering buildings. As a result, it significantly reduces HVAC energy consumption. Based in Singapore, the company launched this new range of specialty glass products as part of its "Save Earth Mission," aimed at reducing its carbon footprint.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=9714

Key Segments Covered by Technical Glass Industry Survey Report