According to the research report titled ‘Global Advanced Glass Market 2019-2028’, available with MarketStudyReport, global advanced glass market is expected to record a CAGR of 5.14% and 4.36% with respect to market revenue and volume, respectively, during the forecast timeframe of 2019-2028.
 

Worldwide advanced glass market is primarily driven by increasing urbanization, rapid infrastructural growth, and escalating demand for sophisticated glass in end-user industries.
 

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Furthermore, sales potential with respect to a diverse range of designs, as well as impact of rules & regulations on the companies are anticipated to present new growth opportunities in the forthcoming years.
 

Despite the favorable outlook, infrastructural concerns in developing countries due to limited resources may pose a threat to the market's progress over the forecast duration. Moreover, volatile raw material cost and environmental impact of glass production are the other major challenges for industry players, claims the study.
 

Based on function, global advanced glass market is fragmented into solar control, safety & security, optics and lighting, and high performance. In terms of product type, the industry is split into coated glass, laminated glass, ceramic glass, and toughened glass.
 

Moving to end-user scope, building & construction, automotive, aerospace & defense, sports and leisure, electronics, and optical are the major segments covered in the research document.
 

Considering geographical scope, Asia-Pacific is expected to expand considerably owing to accelerated urbanization, as well as rising industrialization in emerging economies such as China, India, South Korea, and Japan. Furthermore, increasing adoption of advanced glass in transportation industry is likely to support the regional industry expansion in the ensuing years.
 

With increasing consumer spending capacity and rapid technological breakthroughs particularly in China, India, and Japan, the demand for construction activities pertaining to solar & wind energy production is rising and subsequently enhancing the market remuneration prospects.
 

Considering the competitive landscape, AGC Inc., Fuyao Glass Industry Group Co. Ltd., Guardian Industries, Gentex Corp., Nippon Sheet Glass Co. Ltd., Pilkington plc, Sherwin Williams Co., Xinyi Glass Holdings Ltd., Compagnie de Saint-Gobain S.A., Advanced Glass & Mirror Inc., Pittsburgh Plate Glass Industries, Tyneside Safety Glass Co. Ltd., Sisecam Group, Huihua Glass Co. Ltd., and Corning Inc. are the top contributors of the global advanced glass market.