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Borosilicate Glass Market Overview:
Borosilicate Glass market size is estimated to reach $2.7 billion by 2030, growing at a CAGR of 5.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Borosilicate Glass Market – By Type (Non-Alkaline-Earth Borosilicate Glass, Alkaline-Earth-Containing Borosilicate Glass, High-Borate Borosilicate Glass), By Application (Heat Resistant Glass Panel, Display Screen, Lighting Glass, Sealing Glass, Neutral Glass, Cosmetic Container, Solar Glass, Glass Microspheres and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”. The growth of the Borosilicate Glass Market is fuelled by advances in health and medical technologies, growing demand for solar tubes and increasing urban population and household appliance consumption.
Asia Pacific accounted for significant market share in 2023:
The Asia-Pacific region has emerged as the largest market for Borosilicate Glass, driven primarily by rapid urbanization and robust economic growth. Urban expansion across major cities like Tokyo, Seoul, and Shanghai has necessitated the use of durable materials in construction and infrastructure. Companies such as Corning Inc. and Schott AG have played pivotal roles in supplying Borosilicate Glass for architectural projects, scientific laboratories, and pharmaceutical packaging throughout the region. This trend underscores Borosilicate Glass' critical role in meeting stringent safety and performance standards amidst Asia-Pacific's dynamic urban development landscape.
Borosilicate Glass Market Growth Drivers:
Growing Demand for Solar Tubes is Driving the Growth of the Borosilicate Glass Market:
In recent years, the demand for Borosilicate Glass has surged, driven largely by the expanding solar energy sector. Solar tubes, a key application of Borosilicate Glass, are crucial components in solar water heating systems due to their thermal resistance and transparency. Companies like Schott AG and Corning Incorporated have been pivotal in supplying these specialized glass products to meet the rising global demand for renewable energy solutions. This growth reflects a broader trend towards sustainable energy practices worldwide, with Borosilicate Glass playing a critical role in enhancing the efficiency and durability of solar technologies.
Increasing Urban Population and Household Appliance Consumption is Propelling the Growth of the Borosilicate Glass Industry:
The demand for Borosilicate Glass is rapidly increasing, driven by the expanding urban population and rising consumption of household appliances in the Asia-Pacific region. Urbanization has led to a surge in infrastructure development and modern living standards, boosting the need for durable and heat-resistant glass materials. Companies like Pyrex and Schott AG have capitalized on this trend, supplying glass components for kitchenware, scientific instruments, and pharmaceutical packaging. As cities grow, so does the demand for Borosilicate Glass, supporting industries reliant on its thermal resistance and optical clarity.
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Scope of Report:
Recent Developments:
- In April 2024, Schott AG launched a new range of borosilicate glass products, focusing on enhanced chemical resistance and durability.
- In September 2023, Corning Incorporated introduced a series of eco-friendly borosilicate glassware, aiming to reduce environmental impact through sustainable manufacturing practices.
Borosilicate Glass Market: Competitive Landscape
Key companies profiled in the Borosilicate Glass Market are Asahi Glass Co, Ltd, Borosil Glass Work Ltd, De Dietrich Process System, DWK Life Sciences, Gerresheimer Ag, Hilgenberg Gmbh, Kavalierglass of North America, Inc., Noble Glass Work Pvt Ltd, Schott Ag, Shandong Yaohui Solar Co , Ltd.
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IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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