Specialty Glass Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1855
Specialty Glass Market size is envisaged to witness growth in next seven years. The product is widely used in interiors for customized doors, windows and mirrors. They are decorative panes typically intended to obstruct and hinder the material that would have been transparent otherwise. These panes block considerable sunlight to preserve air-conditioning as well as furniture from fading.
Robust infrastructure development, economic growth, fueling disposable income and improved living standard of people are major factors that drives the infrastructure business. The industry will witness steady growth momentum at over 7% in next five years. Panes are extensively used in commercial, residential buildings, railways stations and airports to provide a special and attractive appearance. It has become an essential part in the booming infrastructure development and has influenced specialty glass market.
Chemical Industry is expecting growth at over 3% in forecast time frame. The product is widely used for chemical strengthening, it is an optimal material for protecting displays and touch screens in mobile phones and automobile display. It provides scratch resistance, shiny texture and protection from friction that cannot be attained through resin cover glass. Specialty glass market growth is anticipated to be driven by rising chemical industry.
Increasing population is boosting construction of residential and commercial building, that is positively influencing specialty glass market. It provides elegance and attractiveness to conference rooms, homes and offices. They are used in cubicles, flooring, walls and partitions for safety, sunlight, sound protection. It is an important choice of an architect in buildings and other structures to give them a unique and attractive appearance in interiors and exteriors.
Specialty glass market is facing some hindrance that effects its growth. Manufacturing process of panes are highly complicated, it requires more chemical than any other pane and is even more energy intensive. Prior purchasing consumer needs proper information else it can become more bristle and less effective.
Segmentation of specialty glass market is on the basis of its product that include slumped, impression, illusion, plain, bubble and cast fusion. They are used in diversified industries including chemical, automobile, and construction. Its various applications are in doors, windows, airports, mobile devices and automobile display.
Singapore and Hong Kong is anticipating to witness noticeable growth in near future. These countries have one of the best infrastructure globally. Investment in construction in these countries is rising rapidly, countries commercial and residential buildings design are recognized worldwide. Positive outlook in infrastructure will make Asia Pacific a considerable contributor in specialty glass market.
Automobile industry is contributing majorly in Europe economy. Germany is the major country for luxury car accounting for over 20% of total European car sector. It hosts automobile giants that includes Renault and Bugatti. Panes are used in automobile in its entire instrument touch panel system that controls display and operation of car audio, air conditioner and navigation. Increase in luxury car segment is anticipated to grow specialty glass market rapidly.
UAE penetration in smart phone sector is over 75%, natives of the place extensively use the device. Product’s special quality of providing strength in display of electronics goods is rising its demand in the region. It gives superior scratch resistance, shiny texture and long-life span to the devices that rises smartphones demand in the region and positively influence specialty glass market.
Key contributors in specialty glass market are AGC, Schott, Guardian Industries, China Group, Hoya Corporation, Corning, Thermo Scientific, Rayotek Scientific, NSG and Abrisa Technologies. Schott acquired Elecpac in 2009, the move was to expand their footprint worldwide. Acquisition is providing complete portfolio, research, development, technical support, production, sales and marketing to companies. Both the companies will even emphasize on defense and security industries in the U.S. Corning announces expansion in 2017, focus of spreading out the new facility in Newton is to create its global footprint and to serve all the customers worldwide.
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