Global Glass Additives Market – Industry Trends and Forecast to 2029

Glass Additives Market Analysis and Size

The growing demand for high-strength glass and lightweight materials are expected to drive the growth of glass additives significantly. The “metal alloys” is the fastest thickness type segment because it is either used for colouring or to improve certain properties such as electrical and thermal conductivity during the forecast period. Moreover, the increasing popularity of glass additives among consumers due to the requirement of specialized products with enhanced properties such as UV protection, scratch resistance, water repellence, anti-glare, and others during the forecast period.

Data Bridge Market Research analyses that the glass additives glass market is expected to undergo a CAGR of 4.10% during the forecast period. This indicates that the market value, which was USD 1.27 billion in 2021, would rocket up to USD 1.75 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Glass Additives Market Scope and Segmentation

Market Definition

Glass additive are solid material which is produced by cooling molten materials so the arrangement of the atom and molecules in this material remains in random state. Glass additives is noncrystalline amorphous solid. A glass additive consists carrier such as calcium carbonate, zinc selenite in combination with a surfactant.

Global Glass Additives Market Dynamics

Drivers

• High usage of glass additives in touch panel display

Touch panel displays are widely used in wearable devices, smartphones, TVs and signage. This glass used in touch panel displays helps reduce overall weight electronic product. The demand of touch panel display has grown significantly over the years due to the growing demand for TVs and smartphones. Digitalization has grown, and this growth is anticipated to drive the glass additives market.

• Growing consumer electronics industry

Rising demand for consumer electronics is anticipated to boost the growth of the glass additives glass market. Touchscreen modules, LCDs & OLED TVs, semiconductors, solar panels, and other consumer electrical products require glass additives.

• Rising demand of glass additives in automotive sector

The demand of the glass additives from the automotive sector increases over the forecast period. Glass additives is used in car interior and sensors because this equipment requires high end glass which can sustain the product, this factor will be the major reason for the excellent revenue growth of glass additives market. 

Opportunities

• High demand of nanoparticle based glass additives

The demand for nanoparticles based glass additives progressively increases during the forecast period. Nanoparticles are mainly used as coatings for gadgets, windows, doors and others, thus making them scratch resistant. The rising demand for scratch-resistant window panes for automobiles, laptops, mobile phones and other electronic devices is projected to boost the demand for nanoparticle-based glass additives.

Moreover, advancements in technology such as using lanthanum oxide as an additive to enhance the refractive index and durability of glass materials, have compelled the growth of the glass additives market. 

Restraints/Challenges

• High cost of raw materials

The demand of the glass additives may be restrained by increasing the cost of raw materials. These glass are more expensive than other glasses, which is restraining the demand from the consumer’s perspective and obstruct the growth rate of glass additives market

Moreover, adoption of plastic as a substitute to glass, lack of rate earth material are acting as market restraints and will obstruct the growth of the glass additives market during the forecast period.

This glass additives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glass additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Glass Additives Market

The Covid-19 pandemic was started from china after that it spread overall the world. Now it has become a global emergency. The governments have imposed stringent rule and regulations, including shutdown, lockdown and social distancing rules during this pandemic. The glass additives market is also affected by this lockdown because the production works are halted. Lack of production has affected the supply and demand chain of the glass additives. The electronic industries are the main consumer of glass additives. Due to this pandemic, the electronic works are on pause, negatively affecting the glass additives' demand. Furthermore, the major market players of the glass additives are trying their best to increase the market's growth and is anticipated to witness the high demand after the post-covid condition.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In April 2021, Omya and BASF collaborated in the commercialization and advancement of BasoSphere. This is the hollow glass microspheres used for cementing applications in the oil and gas industry. The innovative hollow glass microspheres application expertise for cementing products in the oil and gas industry in the production of fillers.

Global Glass Additives Market Scope

The glass additives market is segmented on the basis of ma product, chemical elements, application and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Metal Alloys
• Nanoparticles
• Polymers
• Rare Earth Metals

Chemical Elements

• Iron
• Manganese
• Sulfur
• Nickel
• Titanium
• Chromium
• Uranium
• Other Rare Earth Metals

Application

• Glass Transition
• Silicate Glass Manufacturing
• Aerodynamic Levitation
• Network Glasses
• 3D Printing
• Color Strengthening
• Others

End-Use

• Packaging
• Building & Construction
• Electronics & Appliances
• Others

Glass Additives Market Regional Analysis/Insights

The glass additives market is analysed and market size insights and trends are provided by country, product, chemical elements, application and end-use as referenced above.

The countries covered in the glass additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the glass additives market in terms of revenue due to the growing disposable income of the mid-earning people and increasing demand for consumer electronics in the developing nations in this region such as India and China.

Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the increasing automotive, aviation, and defence industries in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Glass Additives Market Share Analysis

The glass additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to glass additives market.

Some of the major players operating in the glass additives market are:

• SCHOTT AG (Germany)
• DuPont (U.S.)
• Lynas Rare Earths Ltd (Malaysia)
• Namibia Critical Metals Inc. (Canada)
• Torrecid (Spain)
• Potters Industries LLC (U.S.)
• Gillinder Brothers, Inc. (U.S.)
• Ardagh Group S.A. (Luxembourg)
• HAMMOND GROUP INC (U.S.)
• Oneida (U.S.)
• Ferro Corporation (U.S.)
• Hammond Manufacturing Ltd. (Canada)
• Zircon Corporation (U.S.)
• GLC Minerals (U.S.)
• Michelman, Inc. (U.S)

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