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(EstateNewsWire.com, September 13, 2018 ) Industry Outlook and Trend Analysis
The Advanced Glass Market was worth USD 40.63 billion in 2014 and is expected to reach approximately USD 75.20 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.08% during the forecast period. Advanced glasses are particular grades of glass fabricated by making the use of propelled technologies and substances, which have particular properties, for example, protection from UV rays, solar control, and security for certain end-use industries. Advanced glass is a standout amongst the most critical sorts of glass and plays an exceptionally significant part for ventures, for example, development, vehicles, and devices. Advanced glass is produced and at times normal glass is changed over into advanced glass with usage of cutting edge advanced substances and methods. The advanced glass is in particular evaluations and is used for unique purposes.
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Drivers and Restraints
Increase in urbanization has powered the improvement of building and construction industry, which thusly drives the development of the worldwide advanced glass market. Likewise, ascend popular for esteem included materials in lodging drives the market development. Also, broad scope of design adaptabilities gave by advanced glass is foreseen to support the market development soon. Nonetheless, high crude material costs are anticipated to hamper the development of the market amid the figure time frame.
The advanced glass market is segmented based on product type, function and end-use industry. On the basis of product type, the market is classified into laminated glass, coated glass, toughened glass, and ceramic glass. By function, it is categorized into safety & security, optics & lighting, solar control and high performance. According to end-use industry, it is divided into aerospace & defence, building & construction, electronics, automotive, sports & leisure, optical, and others.
Regional outlook and Trend Analysis
The market was ruled by North America in 2014, which represented 33% of the total advanced glass market share. On the other hand, Asia-Pacific is foreseen to be the fastest-developing market for the period considered for this study, owing to growing demand for advanced glass products and increasing awareness among people.
The leading players in the market are Guardian Industries, Nippon Sheet Glass, Corning Inc, Saint-Gobain Glass, PPG Industries and Asahi Glass Co. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Advanced Glass Market is segmented as follows-
Optics & Lighting
Safety & security
By Product Type:
By End User:
Building & Construction
Aerospace & Defence
Sports & Leisure
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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