The technical glass market is expected to grow by 6.4 percent from 2017 to 2026.
Of the $2.6 billion in global revenue, technical glass sales witnessed the majority of revenue from consumer electronics. At a solid pace, global revenue through the sale of technical glass exceeded $2.6 billion billion in 2019. Total consumption in the same year will exceed 15000 kilotons. "People are turning to green building technology, and the government's initiation of regulations on energy-efficient buildings and sustainable renovation will provide a strong boost to the sales of technical glass.
Borosilicate will have wider applicability
Alkali lead silicate glass currently holds about 1/3 of the total market value, while soda lime accounts for more than 35% of the total market revenue. The report predicts that soda lime glass is an economical and preferred raw material. Due to insufficient supply, its market share will gradually lose to the rapidly popularized alkali lead silicate glass. Borosilicate glass types are also important materials, especially for the technical and pharmaceutical sectors, where annual revenue is growing at a rate of more than 8.5 percent.
Ultra-thin glass sales expected to grow
In the form of technical glass, flat glass has become the best-selling type in the world, especially due to the high consumption of the pharmaceutical industry. Due to the rising demand for flat glass in solar panels and touch panels, it is still a large contributor in the field of technical glass. Glass powder, glass tubes and glass rods will all become important sales areas in the future.
Consumer electronic glass products continue the golden age
Currently, consumer electronics account for more than 40% of the total market revenue, leading the use of technical glass related industries.
China remains a leader in regional growth trends
At present, the market value of the Chinese market accounts for about 40% of the market share. Among them, the sales of borosilicate and soda lime glass have soared, which has a significant growth in the Chinese market. The cumulative holdings of these two types of glass are very large, accounting for the region. More than 70% of the market share. It is reported that the technology glass market in the Asia-Pacific region is expected to become an attractive growth channel in the near future. However, the Middle East and Africa and Latin America remain high-growth regions.
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