Metal oxide glass additives market size should offer high industry growth during forecast timeframe due to its color improving property. It also enhances thermal and electrical conductivity which should find wide application scope in construction sector. China construction industry size should exceed USD 1.5 trillion by 2024 procreating product demand. Commonly used metal oxides are cobalt oxide, ferric oxide and manganese oxide.
Glass additives market from pharmaceutical application should witness significant gains by 2024 owing to demand surge for enhanced additive compounds offering strength and sustainability against reactive substances. U.S. pharmaceutical industry spending surpassed USD 50 million in 2016 which should increase demand for safer packaging options. These packaging options offer uniform surface chemistry, prevents crack, reduce particulate formation and enables smoother line operations.
Request for an in-depth table of contents for this report @
Strong demand for durable products with enhanced properties like UV protection, anti-glare and water repellency along with refined opaqueness, resistance, color and refractive index should accelerate demand for glass additives market. These include metal alloys, nanoparticles, rare earth metals and polymers. Various other applications include glass transition, silicate glass manufacturing, network glasses, aerodynamic levitation, 3D printing and color strengthening.
Glass Additives Market size should grow significantly during the forecast timeframe owing to its extensive application scope in food & beverage industry as packaging material for soft drinks and edible semifluid. Global bottle packaging industry should generate revenue surpassing USD 100 billion by 2024. Rise in product demand with enhanced properties in automotive, construction and electronics industry should trigger product demand.
Glass are brittle in nature demanding manipulation of certain properties to suit various industrial application. Additives act as facilitators to refine inherent properties and enhance quality of the final product. Production technology innovations such as using inorganic compound called lanthanum oxide as add-on to boost strength and refractive index should further incite demand in glass additives market. These additives are also used for customizing lamps, tableware and eye wear.
Browse complete summary of this report @
Nanoparticle glass additives market size should witness strong gains during forecast timeframe owing to its application scope as coatings for window panels, laptops, mobile phones and televisions. Rising demand for scratchproof panels should spur higher product demand. These products are also used in reducing air bubbles and offers low resistance during sea bottom drilling which should further catalyze demand.
Glass additives market size from packaging application should grow significantly owing to rising popularity among consumers for specialized product offering scratch resistance, anti-glare, UV protection and durability. Growing population along with busy work schedule imparts higher demand for packaged food & beverage implying growth in product demand.
Recyclability of these products satisfy food security needs and policies by FDA’s GRAS, finding extensive demand in food & beverage packaging industry. Availability of alternatives like plastics and fibers, unavailability of raw earth metal and low-cost plastic compounds should impact glass additives market price trends. Sourcing raw materials and influence of nanoparticle technology should further propel product demand.
Europe glass additives market size led by Germany, UK and France should grow significantly during forecast timeframe owing to strong regional demand from automotive, construction, food & beverage and healthcare industry. Strong production base in the region with the presence of major industry players should impel higher growth.
Make an Inquiry before buying @
China glass additives market size might show strong growth due to rapid industrialization in the region. Rising disposable income along with shift in consumer preference towards enhanced product strength and characteristics will drive regional product demand.
U.S. glass additives market size should grow at high rates during forecast timeframe due to rising consumption levels in healthcare, pharmaceutical and automobile sectors. Developing production technologies along with growing demand for electronic & electrical devices should propel regional product demand.
Global glass additives market share is moderately fragmented including industry participants like DuPont, SCHOTT, Gillinder Glass, Nanobase and BASF SE. Companies are concentrating on customized product development for sustainability in market. They also are adopting strategies like mergers, partnerships and acquisition to expand their forward and backward integration in the value chain.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1 888-689-0688
Connect with us twitter | LinkedIn | Facebook | Google+