Borosilicate Glass Market Expected to Grow at Significant Rate in the Upcoming Period 2019-2028

13th Nov 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.

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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.

Leading Players:

  • Schott
  • Corning
  • Asahi Glass
  • Duran
  • De Dietrich
  • NEG
  • Hilgenberg GmbH
  • JSG
  • Borosil
  • Northstar Glassworks
  • Kavalier
  • Linuo
  • Yaohui Group and many others

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Market segment by Region/Country including:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Spain etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
  • South America Brazil, Argentina, Colombia and Chile etc.)
  • Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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