NEW YORK, May 22, 2017 /PRNewswire/ --
Highlights
- 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.
- 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.
- Some of the major players in the glass additives market include
DuPont, Gillinder Glass, SCHOTT, Torrecid Group, and Nanobase.
- 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
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.
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
Read the full report:
http://www.reportlinker.com/p04899233/Glass-Additives-Market-Analysis-By-Product-Metal-Oxide-Nanoparticles-Rare-Earth-Metals-By-End-use-Packaging-Building-Packaging-Electronics-Appliances-And-Segment-Forecasts.html
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