Glass is one of the most common containing material used in various industries, and advancements in the use of glass have provided considerable impetus on the importance of glass additives. The transparency of basic glass materials has led to the need for colouring them for the purpose of classification, which has influenced the demand for various glass additives. The rising need for coloured opaque glass that is thick, durable and has higher reactive stability will endure the demand for quality glass additive materials. The use of metal additives to improve the conductivity of glass vessels has also resulted a surge in demand for glass additives from healthcare, pharmaceuticals and chemicals industries. Moreover, technological developments such as using inorganic compound called lanthanum oxide as an additive that boosts strength and enhances refractive index of glass materials have incited the demand in the global market for glass additives.
In the long-run, from 2022-2032, the glass additives market is expected to flourish at a 4.2% CAGR, reaching US$ 2.1 Billion.
Global Glass Additives Market: Drivers & Restraints
Glass materials are extensively used in the food & beverages sector, and have been the most-preferred packaging material for soft drinks and edible semi-fluids. In pharmaceuticals industry as well, glass is perceived to be one of the most reliable type of packaging material. The demand for enhanced additive substances is expected to surge, owing to the need for upgrading the strength and the sustainability of glass against reactive substances.
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Glass Additives: Market Stratification
The global market for glass additives can be generally classified into the type of glass additives, which include metal alloys, nanoparticles, polymers and rare earth metals. Based on the application of glass additives, the market is primarily differentiated into silicate glass manufacturing, 3D printing, aerodynamic levitation, glass transition, and customisation of tableware, lamps and eye glasses, among others. Also, the market can be classified based upon the basic chemical elements used as glass additives, which include iron, manganese, sulphur, nickel, titanium, chromium, uranium and other rare earth metals.
Global Glass Additives Market: Regional Outlook
Among the key geographical regions in the world, the global market for glass additives is anticipating higher growth in the Asia Pacific region. The high manufacturing capacity of glass makes the APAC region lucrative for the growth of the glass additives market. North America is also expected to be a key leading region, owing to the consumption levels of glass in healthcare and pharmaceuticals sector. The electronics and automobile industry is Europe is also projected to boost the demand for glass additives that provide thermal and electrical insulation.
Leading Companies in Global Glass Additives Market
The use of additives has helped glass manufacturers to put forth tough competition in the production businesses. Reduction of costs and energy efficiency derived from the use of glass additives will continue to encourage the expansion of the leading companies in the global glass additives market. BASF SE, DuPont, Torrecid Group, Bayer Material Science, Nanobase among others, are observed as the key players dominating the global market for glass additives.
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This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.
Key Segments Profiled in the Glass Additives Industry Survey
Product:
- Metal Oxide
- Nanoparticles
- Polymers
- Rare Earth Metals
Application:
- Silicate Glass Manufacturing
- 3D Printing
- Aerodynamic Levitation
- Glass Transition
- Customization of Tableware
- Lamps & Eyeglasses
Chemical Elements:
- Iron
- Manganese
- Sulphur
- Nickel
- Titanium
- Chromium
- Uranium
- Others
Region:
- North America
- Latin America
- Europe
- APEJ
- Japan
- Middle East & Africa
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