Industry Outlook and Trend Analysis
The Borosilicate Glass Market has witnessed significant development in the recent years and is foreseen to encounter tremendous growth throughout the estimate frame. Borosilicate glass contains 520% of boric oxide (B2O3) and 6585% silicate. Upgraded thermal shock protection, astounding mechanical quality, expanded aqueous durability and chemical protection, formability, electrical neutrality, low gas melting temperature, enhanced protection from devitrification amid handling are a few properties of borosilicate glass, which make it perfect for different applications over various end-use businesses.
Drivers and Restraints
The advancement of solar power industry and increasing usage of borosilicate glass in different applications because of its improved mechanical, optical, and thermal properties are central point that drives the development of the borosilicate glass market over the globe. Ascend in disposable income and surge in number of sunlight based undertakings in developing economies, for example, China and India additionally fuel the market development. Oxygen gas torch is required for the creation of borosilicate glass. However, because of high oxygen cost in a few nations and denial of having oxygen tanks without fitting licenses hampers the market development.
The Borosilicate Glass Market is classified on the basis of type and applications. Based on type the market is segmented into Alkaline Earth Containing Borosilicate Glasses, Non-alkaline Earth Borosilicate Glass and High-Borate Borosilicate Glasses. On the basis of application the market is segmented into Display Screens, Heat-resistant Glass Panels, Sealing Glasses, Lighting Glass, Cosmetic Containers, Neutral Glasses, Glass Microspheres, Solar Glass, and Other Specialty Glasses.
Regional Outlook and trend Analysis
Geographically, the market is segmented into Asia Pacific, North America, Europe and LAMEA. Asia Pacific is foreseen to dominate the Borosilicate Glass Market over the estimate time frame owing to rising discretionary income in the region. North America is foreseen to encounter substantial development in the following years.
The leading players in the market are SCHOTT AG, Gerresheimer, Asahi Glass Co, SOLAR CO LTD, DURAN Group, Borosil, De Dietrich Remeha and Hilgenberg GmbH. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Borosilicate Glass Market is segmented as follows-
Alkaline Earth Containing Borosilicate Glasses
Non-alkaline Earth Borosilicate Glass
High-borate Borosilicate Glasses
Heat Resistant Glass Panels
Other Specialty Glasses
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?