The global electrochemical glass market is expected to reach USD 6.23 Billion by 2030, at a CAGR of 14% from 2021 to 2030. The rising demand for improved glass in various applications such as automotive & transportation, electrical & electronics, household appliances, and others has led to the growth of the global electrochemical glass market. This market report provides a detailed analysis of the key players and their strategies.
The market is expected to witness significant growth due to the rising demand for energy efficiency and the growing awareness among consumers about the environmental benefits of using electrochemical glass. The growing demand for safety, insulation, and durability in various applications has also driven the growth of this market.
The major players operating in the global electrochemical glass market are Corning Incorporated, Schott AG, Guardian Industries, Taiyo Nippon Sanso Corporation, Asahi Glass Co. Ltd, Vitro S.A.B. de C.V., Nippon Sheet Glass Co., Ltd., NSG Pilkington Group, Saint-Gobain S.A., AGC Inc., and others.
The increasing demand for electrochemical glass in the automotive & transportation industry has driven the growth of the global market. This market is further driven by the rising demand for such glass in the electrical & electronics and household appliances industries.
Restraints of the Electrochemical Glass Market
- High cost of the product
- Complex and time-consuming installation process
- Stringent government regulations and environmental impact
- Lack of awareness among consumers
The global electrochemical glass market has been segmented based on type, end-user industry, and geography.
Based on type, the market has been segmented into alkali aluminosilicate, soda lime, and others. The alkali aluminosilicate segment is expected to dominate the market due to its superior properties such as high-temperature resistance.
Based on the end-user industry, the market has been segmented into automotive & transportation, electrical & electronics, household appliances, and others. The automotive & transportation segment is expected to hold the largest market share due to the increasing demand for improved glass in this industry.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia-Pacific region is expected to dominate the market due to the increasing demand for electrochemical glass in this region.
