The global demand for Borosilicate Glass Market is presumed to reach the valuation of nearly USD 5.61 BN by 2030 from USD 3.03 BN in 2022 with a CAGR of 8% under the study period of 2023-2030.
Borosilicate glass is a type of glass, where silica and boron trioxide are the main constituents while the formation of it. Borosilicate glass contains 81% silica, 12% boric oxide, 5% soda and 2% alumina. It is manufactured by melting & combining silica sand, boric oxide, alumina, and soda ash. The geometry of the product decides the manufacturing process. Borosilicate glass possesses various properties including low thermal expansion coefficient, high thermal resistance, high chemical corrosion resistance, high mechanical strength and low gas melting temperature, among others. Borosilicate glass is widely used in electronic devices as well as in medical implantable devices.
Market Dynamics
The increasing demand from solar energy tubes and laboratory apparatus industry is primarily driving the market growth. Advancements in medical and healthcare technologies are again accelerating market growth. Rising population, growing urbanization, and rising consumption across home appliances, is further propelling borosilicate glass market. On the other hand, the availability of substitute like plastic apparatus is likely to hamper market demand.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of borosilicate glass.
Market Segmentation
The entire borosilicate glass market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Non-Alkaline-Earth
- Alkaline-Earth-Containing
- High-Borate
By Applications
- Laboratories & Pharmaceuticals
- Electronics & Semiconductor
- Lighting
- Home & Commercial Appliances
- Automotive
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for borosilicate glass market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Borosilicate Glass Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the borosilicate glass market include Corning Incorporated, AGC Inc., SCHOTT AG, Swift Glass, Hangzhou AiJia‘s Glass Products Co. Ltd., Borosil Glass Works Ltd., Hilgenberg GmbH, Gerresheimer AG, Noble Glass Works Pvt. Ltd., Kavalier. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.