Report Code: A08225 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Technical Glass Market
Request Now !Technical glass is an omnipresent material and an umbrella term for a huge variety of glasses with their own distinct chemical and physical properties, such as enhanced chemical resistance, thermal expansion rate, optical transmission, and mechanical strength. It is a type of engineered glass used in a wide spectrum of architectural and structural applications in a range of end-use industries. Technical glasses are used as a raw material in many end-use applications and are constantly evolving. Often technical glasses are used in combination with other high-tech materials for high-tech end use.
The growth of the global technical glass market is majorly driven by development of the consumer electronics and construction industry. However, both of these sectors are worst affected in terms of growth by the emergence of COVID-19 situation. Electronics as well as construction industry have refrained their operation a as a part of nationwide lockdown to stop the spread of coronavirus. Consequently, tremendous downfall in terms of demand has reported in the global technical glass market. The supply side is further disturbed in response to stringent regulations on industrial manufacturing sector. Â Â
The global technical glass market is in its growing phase, and is expected to be heading toward growth stabilization phase over the coming years. Technical glass is known for its properties that favor its use in various a range of end-use industries. Therefore, surge in adoption of technical glass in end-use industries is the primary factor bolstering the global market growth. Fabricated structures of technical glass have been gaining significant popularity in the retail, institutional, and office sectors. Therefore, market players across the globe are coming up with products capable of delivering better performance and versatility. This is, in turn, favoring demand for some of the specific technical glass product types, including alkali-lead silicate technical glass and soda lime glass.
The constructing industry is emerging as a vital consumer in this market, due to strong demand generated for technical glass. Technical glass is witnessing massive adoption for specific uses in this industry such as new designs in canopy systems, window system, and curtain wall system. In addition, increase in use of technical glass for manufacturing specialized glass such as fire-rated glass is another significant factor boosting the market. Â Trend for recycled technical is expected to offer new growth opportunities to this market in the coming years. Â Â Â
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Technical Glass Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Allegion plc, Borosil Glass Works Ltd., Jhonson Matthey, Corning Inc., Saint-Gobain Company, Asahi Glass Co., Ltd., Flat Glass Group Co., Ltd., Nippon Electric Glass Co., Ltd, Nippon Sheet Glass Co., Ltd, Guardian Industries, Schott AG, Heraeus Holding, TAIWAN GLASS IND. CORP. |
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