The global glass
additives market is expected to reach USD 1.56 billion by 2025,
according to a new report by Grand View Research, Inc. Increasing consumption
of colored and specialty glass in the packaging industry has been a major
factor driving the glass additives market growth.
Rising demand from food & beverage industry in
addition to the growing popularity for customized glass wares across industries
such as pharmaceuticals, cosmetics, etc. are expected to contribute to the
demand for glass packaging. High demand for glass packaging will, in
turn, is projected to spur the glass additives industry.
Demand for durable glass with enhanced properties such
as water repellent, UV protection, anti-glare, etc. from automotive,
electronics and construction industries has triggered the usage of metal oxides
and nanoparticles during glass production. Utilization of additives in the
glass helps in accelerating the manufacturing process thereby reducing the
overall energy consumption. It also contributes in bringing down the total
manufacturing costs.
The glass industry is slowly reviving from the recent
downturn. The industry witnessed the closure of many production units around
the world during past decade. Most of the glass manufacturers are focusing on
product differentiation and cost advantage. Use of additives helps these
manufacturers for long-term existence.
The additives industry is oligopolistic in nature with
top few players holding a greater chunk of the market share. Some of the major
players in the glass additives market include DuPont, Gillinder Glass, SCHOTT,
Torrecid Group, and Nanobase.
Browse full research report on Glass Additives Market: https://www.grandviewresearch.com/industry-analysis/glass-additives-market
Further
key findings from the report suggest:
- The global glass additives demand reached to 35,428.4 tons in 2016
and is expected to grow at a CAGR of 3.3% from 2017 to 2025
- Europe emerged as the largest consumer in 2016 and is estimated to
generate revenue over USD 533.8 million by 2025
- Metal oxide demand as glass additives was valued at USD 403.1
million in 2016 and is projected to witness a growth of 3.6% over the
forecast period
- Asia Pacific is estimated to witness the fastest growth over the
forecast period owing to the presence of key developing economies such as
China, which is the largest producers of rare earth elements. The regional
demand is expected to grow at a CAGR of 3.7% from 2016 to 2025
- Key players including Torrecid Group, Gillinder Glass, DuPont,
Ferro Corporation, SCHOTT dominated the glass additives market and accounted
for over 50% of the total volume in 2015
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand
View Research has segmented the global glass additives market on the basis of
product, end-use, and region:
Product
Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Metal Oxide
- Nanoparticles
- Rare Earth
Metals
- Others
End-use
Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- Packaging
- Building
& Construction
- Electronics
& Appliances
- Others
Regional
Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Central &
South America
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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