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Special Glass Market Research Report By Type (AGC, Nippon Sheet Glass, Saint-Gobain, Guardian Industries, Schott), By Application (Architectural Glass, Automotive Glass, Glass Packaging, Electronics, Other), By Composition (Float Glass, Low Emissivity Glass, Laminated Glass, Tempered Glass, Other), By Function (Structural, Thermal Insulation, Acoustic Insulation, Solar Control, Other) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032


ID: MRFR/CnM/22051-HCR | 100 Pages | Author: Priya Nagrale| September 2024

Global Special Glass Market Overview


As per MRFR analysis, the Special Glass Market Size was estimated at 31.27 (USD Billion) in 2022.The Special Glass Industry is expected to grow from 32.76(USD Billion) in 2023 to 49.8 (USD Billion) by 2032. The Special Glass Market CAGR (growth rate) is expected to be around 4.76% during the forecast period (2024 - 2032).


Key Special Glass Market Trends Highlighted


Advancements in technology coupled with increased use of smart devices and efficient power solutions have seen an upsurge in demand for special glass globally. Increased Application of special glass in the automotive, electronics, and aerospace sectors is a major market driver. Its properties make it strong, durable, and clear. It can be applied where ordinary glass cannot be used.


Moreover, there is also an increased focus on sustainability and energy saving, which has led to the growth of this market. Special glasses like low-emission glasses or photochromic glasses help to reduce energy consumption both in buildings and vehicles. Additionally, highly desirable optical features have resulted from popular touch screens and wearable device movements that require new types of special glass with improved tactile or optical properties.


Another trend in this sector is the development of self-cleaning as well as anti-microbial surfaces for glass. These developments provide breakthrough solutions for industries that require cleanliness as well as hygiene. Furthermore, the incorporation of advanced technologies like virtual reality (VR) and augmented reality (AR) will increase the need for custom-made special glass with specific optical & functional features.


Special Glass Market Overview


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Special Glass Market Drivers



  • Rising Demand for Energy-Efficient Products


The increasing demand for energy-efficient products, particularly in the construction and automotive industries, is driving the growth of the special glass market. Special glass, such as low-emissivity (Low-E) glass and solar control glass, offers superior insulation and energy efficiency compared to traditional glass. These products help reduce heat loss in buildings, leading to lower energy consumption and cost savings. Moreover, the growing adoption of energy-efficient building codes and regulations is further propelling the demand for special glass.


Technological Advancements and Innovation


Continuous technological advancements and innovations have characterized the special glass market. It is one area where manufacturers invest a lot in improving the performance and functionality of their special glass products through research and development. This includes efforts to develop self-cleaning, electrochromic, hydrophobic glasses that open up new applications. They cater to changing customer needs and contribute significantly to the growth of the Special Glass Market Industry as a whole.


Expansion of Applications in Diverse Industries


The Application of special glass is expanding across diverse industries beyond its traditional use in construction and automotive. Special glass finds applications in consumer electronics, medical devices, aerospace, and many other industries. For example, the use of special glass in smartphones, tablets, and other electronic devices has increased significantly due to its scratch resistance and durability. Similarly, the demand for special glass in medical applications, such as surgical instruments and diagnostic equipment, is growing due to its high precision and chemical resistance.


Special Glass Market Segment Insights:


Special Glass Market Type Insights


The Special Glass Market is segmented by type into float glass, coated glass, tempered glass, laminated glass, and others. The largest market share in the year 2023 is anticipated to be held by the float glass segment, which has a wide range of uses in the building and automotive industry. During the forecast period, the highest CAGR for the coated glass segment is expected due to its use in energy-efficient buildings as well as electronic gadgets. The tempered glass segment also expects significant growth as it finds numerous applications in safety, glazing, and security.


The laminated glass segment should see steady growth due to its use in automotive windshields and architectural applications. AGC, Nippon Sheet Glass, Saint-Gobain, Guardian Industries, and Schott are among the key players in the Special Glass Market that command a sizable market share. These companies produce different types of special glasses and have a global dominance. They carry out research so as to develop new innovative solutions using special glasses that will cater to the changing demands of their customers.


In the construction industry, the automotive sector, and the electronics manufacturing industry, there is an increasing demand for global special glass. Moreover, there is a high demand for special glasses with respect to windows, facades, and interior design features, particularly in developing economies where there has been huge growth in construction activities. Additionally, increased automobile production is contributing towards the growth of the special glass market since they are used in windshields, among other parts like sunroofs, side windows, etc. Special glasses are frequently used by electronics producers for displays, touch screens, and solar panels, amongst others.


Overall, the Special Glass Market will continue to grow in the coming years with growing demand from various end-use industries and will grow significantly in emerging markets where construction and automotive production are booming.


Special Glass Market Type Insights


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


 


 


Special Glass Market Application Insights


The Special Glass Market Segmentation by Application is likely to be dominated by the Architectural Glass segment. In 2023, the segment’s market share stood at around 27%, and it is anticipated to remain in this position throughout the forecast period. This has been largely a result of the rising demand for architectural glass in construction practices due to its beauty, low energy consumption, and structural strength. Additionally, the growing trend towards green buildings is encouraging growth in the Architectural Glass sector. The Automotive Glass segment is predicted to experience considerable expansion over the next few years owing to increased vehicle production and uptake of advanced driver assistance systems (ADAS).


Laminated glass and tempered glass are among various types of special glasses commonly employed in automotive applications on account of their safety features and durability. Another important segment in the Special Glass Market is the Glass Packaging Segment, which is estimated to capture around 20% of the market share by 2023. Growth in this segment primarily relies on increasing usage of such packaging solutions for food products across several other segments, especially the beverage industry. Lighter-weight designs with enhanced barrier qualities are increasingly becoming popular within this category. Similarly, the Electronics group will also contribute to the development of the Special Glass Market.


For instance, smartphones, tablets, televisions, and so forth comprise some electronic devices that make use of special glasses. This trend is fueled by the demand for specialty glasses driven both by advanced display technologies and the shrinking size of electronic gadgets. Other areas where these glasses can be used include solar panels, laboratory equipment, and medical devices. These verticals are projected to register slow but steady growth, thus positively contributing to overall Special Glass Market revenues performance over the next few years ahead.


Special Glass Market Composition Insights


The composition segment of the Special Glass Market is segmented into Float Glass, Low Emissivity Glass, Laminated Glass, Tempered Glass, and Others. Float Glass accounts for the biggest chunk of the market at 40% of total sales in 2024. Float Glass market growth is mainly attributed to its versatility for use in construction applications, including windows, doors, skylights, and curtain walls; however, Low Emissivity Glass (Low-E) will be among the fastest growing segments driven by energy efficiency requirements in commercial and residential buildings.


Laminated glass is expected to gain traction on account of improved safety features in the automotive industry, while tempered glasses are anticipated to have widespread acclaim for consumer electronic products and home appliances. Other segments include specialty glasses such as bulletproof glass, fire-resistant glass, and radiation-proof glass, among others consumed within various niche applications.


Special Glass Market Function Insights


The Function segment of the Special Glass Market is classified into Structural, Thermal Insulation, Acoustic Insulation, Solar Control, and Others. The Structural segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period (2024-2032). The growth in this segment is primarily attributed to the increasing demand for special glass in construction applications such as curtain walls, windows, and skylights. The Thermal Insulation segment is expected to witness significant growth due to the growing demand for energy-efficient buildings and rising awareness about the benefits of special glass in reducing heat transfer.The Acoustic Insulation segment is also expected to grow at a steady pace due to the increasing demand for noise reduction solutions in various applications such as residential, commercial, and industrial buildings. The Solar Control segment is driven by the growing demand for energy-saving solutions and the rising adoption of solar energy systems. The Others segment includes various niche applications such as automotive, aerospace, and medical, which are expected to contribute to the overall growth of the Special Glass Market.


Special Glass Market Regional Insights


The Special Glass Market is segmented into regions such as Asia Pacific, North America, Europe, South America, and the Middle East and Africa. North America is estimated to account for the largest share of the market in 2023, with USD 10.2 billion in revenue. Europe is expected to follow with a market size of USD 8.5 billion, while APAC is projected to have a market size of USD 7.8 billion. South America, the Middle East, and Africa are expected to have market sizes of USD 3.2 billion and USD 3.1 billion, respectively. The market growth in these regions is attributed to increasing demand for special glass in various industries, including automotive, construction, and aerospace.


Special Glass Market Regional Insights


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Special Glass Market Key Players And Competitive Insights:


Major players in the Special Glass Market are focusing on expanding their global footprint through strategic acquisitions and partnerships. Leading Special Glass Market players are investing heavily in research and development to introduce innovative products and enhance their product portfolio. The Special Glass Market industry is witnessing a growing trend of collaborations between manufacturers and end-users to develop customized solutions that meet specific requirements. Furthermore, the development of the Special Glass Market is being driven by the increasing demand for specialty glass products in various end-use industries such as automotive, consumer electronics, and construction. The Special Glass Market competitive landscape is expected to remain fragmented, with key players competing on factors such as product quality, innovation, and cost-effectiveness.Nippon Electric Glass Co., Ltd. is a global leader in the Special Glass Market industry, known for its advanced technology and extensive product portfolio. The company has a strong presence in various end-use markets and is committed to providing innovative solutions to its customers. Asahi Glass Co., Ltd. is another major player in the specialty glass Market, with a focus on developing high-quality specialty glass products. The company has a well-established global network and is known for its strong R&D capabilities. SCHOTT AG is a leading manufacturer of specialty glass and glass ceramics, serving a wide range of industries. The company is committed to providing customized solutions and has a strong focus on sustainability.Saint-Gobain is a prominent player in the Special Glass Market, offering a comprehensive range of specialty glass products. The company has a strong global presence and is known for its commitment to innovation and customer satisfaction. Corning Incorporated is another leading manufacturer of specialty glass with a focus on developing high-performance products for various applications. The company is known for its expertise in materials science and its commitment to delivering cutting-edge solutions. These key players are continuously investing in research and development to enhance their product offerings and maintain their competitive edge in the Special Glass Market.


Key Companies in the Special Glass Market Include:



  • AGC Inc.

  • NSG Group

  • SaintGobain

  • Hoya Corporation

  • PPG Industries

  • Asahi Glass Co., Ltd.

  • Pilkington Group Limited

  • Guardian Industries Corp.

  • Nitto Denko Corporation

  • Schott AG

  • ZEISS International

  • Sumitomo Chemical Co., Ltd.

  • Tokai Carbon Co., Ltd.

  • Corning Incorporated


Special Glass Market Industry Developments


The Special Glass Market is projected to reach USD 49.8 billion by 2032, exhibiting a CAGR of 4.76% during the forecast period. Rising demand for lightweight and energy-efficient materials in the construction and automotive industries is a key growth driver. Government initiatives promoting sustainable building practices and technological advancements in glass manufacturing are further fueling market expansion.Recent news developments include the launch of self-cleaning glass by Pilkington and the development of ultra-thin and flexible glass by Corning. These innovations are expected to open up new applications in various industries, including consumer electronics and healthcare. Key market players are focusing on strategic partnerships, acquisitions, and capacity expansions to meet growing demand and enhance their competitive position.


Special Glass Market Segmentation Insights



  • Special Glass Market Type Outlook

    • AGC

    • Nippon Sheet Glass

    • Saint-Gobain

    • Guardian Industries

    • Schott





  • Special Glass Market Application Outlook

    • Architectural Glass

    • Automotive Glass

    • Glass Packaging

    • Electronics

    • Other





  • Special Glass Market Composition Outlook

    • Float Glass

    • Low Emissivity Glass

    • Laminated Glass

    • Tempered Glass

    • Other





  • Special Glass Market Function Outlook

    • Structural

    • Thermal Insulation

    • Acoustic Insulation

    • Solar Control

    • Other





  • Special Glass Market Regional Outlook

    • North America

    • Europe

    • South America

    • Asia Pacific

    • Middle East and Africa



Report Attribute/Metric Details
Market Size 2022 31.27(USD Billion)
Market Size 2023 32.76(USD Billion)
Market Size 2032 49.8(USD Billion)
Compound Annual Growth Rate (CAGR) 4.76% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled AGC Inc., NSG Group, Saint-Gobain, Hoya Corporation, PPG Industries, Asahi Glass Co., Ltd., Pilkington Group Limited, Guardian Industries Corp., Nitto Denko Corporation, Schott AG, ZEISS International, Sumitomo Chemical Co., Ltd., Tokai Carbon Co., Ltd., Corning Incorporated.
Segments Covered Type, Application, Composition, Function, Regional
Key Market Opportunities Automotive Glazing Architectural Design Medical Applications Electronics and Displays Energy Efficiency
Key Market Dynamics 1 Rising demand for specialty glass in consumer electronics2 Growing adoption in automotive and aerospace applications3 Government regulations driving demand for energy-efficient glass4 Advancements in manufacturing technology for improved performance5 Increasing focus on sustainable and environmentally friendly glass solutions
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The Special Glass Market is expected to reach a valuation of USD 32.76 billion in 2023, showcasing a steady growth trajectory.

The increasing demand for special glass in various industries, including automotive, aerospace, construction, and electronics, is primarily driving the market's growth. The unique properties of special glass, such as its durability, heat resistance, and optical clarity, make it an ideal material for a wide range of applications.

North Americais anticipated to lead the Special Glass Market, driven by the region's rapid urbanization and industrialization. China, Japan, and India are the major contributors to the regional market growth.

Special glass finds applications in various industries, including automotive (windshields, windows, mirrors), aerospace (cockpit windows, aircraft glazing), construction (architectural glazing, skylights, facades), and electronics (display screens, touch panels, optical fibers).

The Special Glass Market is dominated by a few major players, including Corning Incorporated, Saint-Gobain, Nippon Electric Glass, AGC Inc., and Schott AG. These companies hold a significant market share and are constantly innovating to develop new and advanced special glass products.

The Special Glass Market is projected to grow at a compound annual growth rate (CAGR) of 4.76% from 2024 to 2032, reaching a valuation of USD 49.8 billion by 2032.

The special glass industry faces several challenges, including rising raw material costs, intense competition, and stringent environmental regulations. Manufacturers are constantly seeking innovative and sustainable solutions to overcome these challenges.

Emerging trends in the special glass market include the development of smart glass, self-cleaning glass, and energy-efficient glass. These innovative products are gaining traction due to their advanced functionalities and potential applications in various industries.

The COVID-19 pandemic had a moderate impact on the special glass market. While some sectors, such as automotive and aerospace, experienced a decline in demand, other sectors, such as construction and electronics, remained relatively stable. The market is expected to recover and continue its growth trajectory in the post-pandemic era.

Growing demand from emerging economies, technological advancements, and the development of new applications present significant opportunities for growth in the special glass market. Manufacturers are focusing on expanding their product offerings and exploring new markets to capitalize on these opportunities.

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