Market Analysis
The Glass Additives Market Growth is likely to grow at a healthy CAGR between 2022- 2030, reveals the new Market Research Future (MRFR) report. Glass additives are ingredients that are added to glass for changing the properties of the end product. Silica, calcium oxide, iron, lanthanum oxide, boron, and lead are the most widely used glass additives.
Numerous factors are adding to the glass additives market demand. Such factors, as revealed by the latest MRFR report, include the increasing demand from the building and construction industry, increasing investment in the packaging industry, expanding building and construction industry, increasing disposable income, increasing sales and production of automotive, and technological advancement.
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On the contrary, increasing use of plastics for being cost-effective than glass may limit the glass additives market growth over the forecast period.
Key Players
Leading players profiled in the glass additives market report include HAMMOND GROUP INC (U.S.), Ardagh Group (Republic of Ireland), METALL RARE EARTH LIMITED (China), GILLINDER GLASS (U.S.), DuPont. (U.S.), SCHOTT AG (Germany), Potters Industries LLC (U.S.), Torrecid Group (Spain), Lynas Corporation Ltd (Australia), and Namibia Rare Earths Inc. (Canada), among others.
Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the glass additives market based on application and product.
By product, the glass additives market is segmented into polymers and rare earth metals, nanoparticles, and metal oxide. Of these, metal oxides will lead the market over the forecast period for its high adoption rate.
By application, the glass additives market is segmented into electronics and appliances, automotive and transportation, packaging, building and construction, and others. Others have been segmented into medical, fiber optics, and home décor. Among these, packaging will dominate the market over the forecast period for increasing use of glass as packaging materials.
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Regional Analysis
By region, the global glass additives market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, Europe is likely to command the largest share in the market over the forecast period for rising automotive and transportation industries, automotive, building and construction, and packaging industries. The UK, France, Italy, Germany, Spain, and Russia are the key contributors in the region for increasing expenditure on research and development, innovation, and the presence of established end use industries.
The global glass additives market in North America is predicted to have significant growth over the forecast period for increasing investments for revitalizing the building and industrial sector and recovery of the industrial sector. The US Canada are the leading contributors in the region for the presence of packaging and electronics industries.
The global glass additives market in the APAC region is predicted to grow at a high CAGR over the forecast period for the growing demand for glass additives from the packaging, automotive, and building construction industries. Moreover, increasing applications in packaging, new development strategies, easy availability of raw materials, surging demand for ready to eat items, and an increasing number of working professionals are also adding market growth. Vietnam, Malaysia, China, and India are the key contributors in the region for increasing sales and production of automobiles increasing number of personal vehicles.
The global glass additives market in Latin America will have significant growth over the forecast period. Argentina, Peru, Brazil, and Columbia are the key contributors in the region for the involvement of new business models.
The global glass additives market in the MEA will have steady growth over the forecast period for increasing investment in commercial, institutional, and residential construction sectors in the UAE, Saudi Arabia, Qatar, and Turkey that has led to rising consumption of aesthetic glass.
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