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: http://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: http://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
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-glass-additives-market
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.
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