24 December 2019 - Global Borosilicate
Glass Market is anticipated to
witness an exponential growth in the forecast period. Borosilicate glass
implies a type of glass with the main glass-forming components of boron and
silica trioxide. Borosilicate glasses are known for having very low
coefficients of thermal extension, thereby rendering them resistant to thermal
shock, more than any other common glass.
The
factors that propel the growth of the borosilicate glass market include
increasing demand from laboratory apparatus and solar energy tubes industry,
development of solar power industry, increasing usage of borosilicate glass in
various applications, surge in disposable income, and increase in number of
sunlight-based undertakings in developing economies.
On
the other hand, there are factors that may hamper the growth of the market
including availability of substitute like plastic apparatus and high cost. The
market is anticipated to expand at a significant CAGR in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
Borosilicate
glass market could be explored by product type, application, end user,
distribution channel and geography. Market could be explored by product type as
High Borosilicate Glass and Medium Borosilicate Glass. The key applications
that could be explored in the market include Sealing Glasses, Display Screens,
Glass Microspheres, Cosmetic Containers, Lighting Glass, Heat Resistant Glass
Panels, Solar Glass, Neutral Glasses and the other Specialty Glasses.
Based
on end user, market could span Pharmaceutical packaging material, chemical
industry, oil and gas, Solar panels, house hold cookware, heat resistant glass
panels, Laboratory glassware and other. The market could be explored based on
distribution channel as offline and online channel. The “Offline channel” segment
led the borosilicate glass market in 2017 and will continue to lead in the
forecast period.
Europe
accounted for the major share of the market in 2017 and will continue to lead
in the forecast period. The factors attributed to the growth include presence
of key manufacturers in the region and high demand. Europe is followed by North
American region.
Some
of the key players that fuel the growth of the borosilicate glass industry
comprise Gerresheimer, SCHOTT, Corning, NEG, Kavalier, Borosil Glass Works,
REFMEX GL, Noble Glass Works, Asahi Glass, SCHOTT, China, Shandong Linuo,
JiangSu Yuan Sheng, Gerresheimer-Shuangfeng, Jialong High-tech, Beijing Branch
Hiromi Glass, Four Star Glass, DOCOME, Jiaxing Fulin light technology, Shandong
Yaohui Solar, Huazhong Xinhai Glass Work and Shanghai Yaohua Pilkington. The
leading companies are taking up partnerships, mergers and acquisitions, and
joint ventures in order to boost the inorganic growth of the industry.
Market Segment:
Leading players of Borosilicate Glass
including:
•
Schott
•
Corning
•
Asahi Glass
•
Duran
•
De Dietrich
•
NEG
•
Hilgenberg GmbH
•
JSG
•
Borosil
•
Northstar Glassworks
•
Kavalier
•
Linuo
•
Yaohui Group
•
Micoe
•
Tianxu
•
Haoji
•
Sichuang Shubo
•
Tianyuan
•
Aijia Glass
•
Yao Guo
•
Yuanshen Group
•
Four Stars Glass
•
Yong Xin
Market split by Type, can be divided
into:
•
High Borosilicate Glass Tubes
•
Medium Borosilicate Glass Tubes
Market split by Application, can be
divided into:
•
Solar Energy Tubes
•
Laboratory Apparatus
•
Heat Glassware
•
Chemical Tubes
•
Pharmaceutical Packaging
Market split by Sales Channel, can be
divided into:
•
Direct Channel
•
Distribution Channel
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