Global Impact Resistant Glass Market was valued at US$ 20.15 Bn in 2019 and is expected to reach US$ 32.40 Bn by 2026, at a CAGR of 6.12 % during a forecast period.
Global Impact Resistant Glass Market
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Impact-resistant glass has created by bonding together two or more panes of glass. It offers benefit like protection from harmful UV rays through the form of impact-resistant glass or doors.
Global Impact Resistant Glass Market, Dynamics:
Green factory, factory 4.0 and smart industry are embracing the dual digital and ecological revolution in the manufacturing sector. The global impact-resistant glass market has been driven primarily by booming automotive and construction sectors across developing and developed region. Impact windows are becoming more commonplace because they are extremely effective.
An increase in demand for impact-resistant glass for priority security and technology development in the glass industry is expected to boost the global impact-resistant glass market growth. It is widely used near coastal areas to protect people from hurricanes. It is also found in an array of application areas like doors, windows, screens, and shutters. It helps to reduce exterior noise and in blocking 99% of harmful UV rays.
The outbreak of the COVID-19 pandemic has weighed heavily on Impact Resistant Glass Industry:
In the impact-resistant glass business, with the foreign exchange impact, the demand for glass has declined in Europe, the Americas and Asia. The impact of COVID-19 has led to a significant drop in sales and trading profit in 2020. The COVID-19 has impacted the growth of the industrial economy across the globe.
The building and construction industry has heavily weighed by the COVID-19 pandemic, which has also reduced the demand for impact-resistant glass. Many governments have restricted construction and building activities during the pandemic period. Many construction activities had either been temporarily halted or entirely cancelled which has impacted negatively on the demand growth of impact-resistant glass.
Global Impact Resistant Glass Market Segment Analysis:
Building & Construction held the dominant position in 2019 and is projected to continue its dominance during the forecast period. The sector is expected to grow at an XX% rate of CAGR because of the rapid expiration of the construction, commercial infrastructure development and smart city development projects across the developing economies. Impact-resistant glass is used in building & construction industry to prevent the effects of UV rays and block the transfer of radiant and conductive heat. An increase in building safety codes and UV rays safety regulations are increasing the demand for impact resistance
Global Impact Resistant Glass Market Regional Analysis:
The major glass producing countries are Germany, the USA, UK, China and Japan. Europe, China and North America are major glass consuming regions, which are accounting for more than 60% of the global demand for glass. Europe is the most mature impact-resistant glass market followed by North America and the Asia Pacific. In the near future, the Asia Pacific region is projected to be leaders in the global impact resistant glass market.
The leading position in the market is expected to attribute to the factors like highly developed construction sector in China and Singapore and continuous investments in the automotive sector. An increase in demand for impact-resistant glass in automotive applications for safety and protection is expected to boost the regional market growth.
Global Impact Resistant Glass Market Competitive Analysis:
The global impact-resistant glass industry has highly concentrated with four companies – Nippon Sheet Glass (NSG), Pilkington, Saint-Gobain, Asahi and Guardian, which are producing more than 60% of the total impact-resistant glass output. Key players have gradually stepped up their investment in innovations and marketing across the globe, thanks to continuous focus on cost management, and higher efficiency of the process.
The objective of the report is to present a comprehensive analysis of the Global Impact Resistant Glass Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Impact Resistant Glass Market dynamics, structure by analyzing the market segments and projects the Global Impact Resistant Glass Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Impact Resistant Glass Market make the report investor’s guide.
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Global Impact Resistant Glass Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Global Impact Resistant Glass Market Key Players
• Asahi Glass
• Nippon Sheet Glass (NSG)
• Guardian Industries
• Fuyao Glass Industry Group
• Central Glass
• Sisecam Group
• Taiwan Glass
• Vitro, S.A.B. De C.V.
• CGS Holding Co., Ltd.
• Cardinal Glass Industries
• Euroglas GmbH
• China Luoyang Float Glass Group Co., Ltd.
• China Specialty Glass AG
• Syracuse Glass Company
• Gulf Glass Industries
• Qingdao Kangdeli Industrial & Trading Co., Ltd.
• Jin Jing (Group) Co., Ltd.
• Fuso Glass India Pvt. Ltd
• Trulite Glass & Aluminum Solutions
• Schott AG
• Scheuten Glass
• Sangalli Group
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