Glass Additives Market To Witness Grow At A CAGR Of 3.6% From 2014 to 2025: Grand View Research, Inc.
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.
Full
Research Report On Global Glass Additives Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/glass-additives-market
www.grandviewresearch.com/industry-analysis/glass-additives-market
Further
key findings from the study 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:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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 Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-glass-additives-market
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.
For More
Information: www.grandviewresearch.com
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