Glass Additives Market Set to Witness Unprecedented Growth of USD 1.75 Billion by 2029
The growing demand for high-strength glass and lightweight materials are expected to drive the growth of glass additives significantly. The “metal alloys” is the fastest thickness type segment because it is either used for colouring or to improve certain properties such as electrical and thermal conductivity during the forecast period. Moreover, the increasing popularity of glass additives among consumers due to the requirement of specialized products with enhanced properties such as UV protection, scratch resistance, water repellence, anti-glare, and others during the forecast period.
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Data Bridge Market Research analyses that the glass additives glass market is expected to undergo a CAGR of 4.10% during the forecast period. This indicates that the market value, which was USD 1.27 billion in 2021, would rocket up to USD 1.75 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
The glass additives market is analyzed and market size insights and trends are provided by country, product, chemical elements, application and end-use as referenced above.
The countries covered in the glass additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the glass additives market in terms of revenue due to the growing disposable income of the mid-earning people and increasing demand for consumer electronics in the developing nations in this region such as India and China.
Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the increasing automotive, aviation, and defence industries in this region.
The glass additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to glass additives market.
Some of the major players operating in the glass additives market are:
- SCHOTT AG (Germany)
- DuPont (U.S.)
- Lynas Rare Earths Ltd (Malaysia)
- Namibia Critical Metals Inc. (Canada)
- Torrecid (Spain)
- Potters Industries LLC (U.S.)
- Gillinder Brothers, Inc. (U.S.)
- Ardagh Group S.A. (Luxembourg)
- HAMMOND GROUP INC (U.S.)
- Oneida (U.S.)
- Ferro Corporation (U.S.)
- Hammond Manufacturing Ltd. (Canada)
- Zircon Corporation (U.S.)
- GLC Minerals (U.S.)
- Michelman, Inc. (U.S)
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