Glass additives demand was estimated at US$ 1.3 billion in 2021 and is expected to reach US$ 1.4 billion by the end of 2022. In the long run, the market is predicted to grow at a 4.2% CAGR from 2022 to 2032, reaching US$ 2.1 billion.
The extensive usage of glass in fibre optics, electronics, and consumer goods drives the global glass additives industry. As a result, there is a growing demand for additives that help identify and enhance glass materials.
Aside from that, glass is widely utilised as a packaging material in the food and beverage industries, and has been the most chosen packaging material for soft drinks and edible semi-fluids, gaining new ground for glass additives globally.
Why is Asia-Pacific Emerging as a Market for Opportunistic Glass Additives?
The Asia Pacific region is expected to expand the fastest among the world's important geographical regions for glass additives. The APAC region's high glass manufacturing capacity makes it attractive for the expansion of the glass additives industry.
The region's demand for glass dinnerware is increasing as the hospitality business expands and pub and bar culture grows. Furthermore, many province residents are switching from traditional stainless steel, plastic, and melamine dinnerware to glass tableware, which is fueling the region's glass tableware industry. As a result, the growing popularity of glass furniture is exerting pressure on the worldwide glass additives industry.
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Glass Additives Market: Key Segmentation
Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.
- Metal Oxide
- Rare Earth Metals
- Silicate Glass Manufacturing
- 3D Printing
- Aerodynamic Levitation
- Glass Transition
- Customization of Tableware
- Lamps Eyeglasses
Glass Additives Market: Competitive Evaluation
The FMI’s Glass Additives market report provides a comprehensive analysis on key players operating in the Glass Additives market. Some of the key players are:
- Air Products and Chemicals Inc.,
- BASF SE
- Torrecid Group
- Bayer Material Science
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.
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