Glass Additives Market Overview to 2023
Glass additives market research focus on low plant set up cost, high economic growth rate and competitive manufacturing costs are also the important factors boosting the growth of Glass Additives Market in Asia Pacific region. North American Glass Additives Market is estimated to witness a significant growth with U.S, being the major contributor on account of the presence of strong consumer base for electronic products and the major market players which govern the industry dynamics of Glass Additives over the assessment period.
Glass Additives Market- Top 10 global key players and their strategy:
Some of the prominent players operating in the Global Glass Additives Market are Namibia Rare Earths Inc. (Canada), Lynas Corporation Ltd (Australia), Torrecid Group (Spain), Potters Industries LLC (U.S.), SCHOTT AG (Germany), DuPont. (U.S.), GILLINDER GLASS (U.S.), METALL RARE EARTH LIMITED (China), Ardagh Group (Republic of Ireland), HAMMOND GROUP INC (U.S.) among others.
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As per our Analysis, some of the prominent market factors and trends identified in the Global Glass Additives Market include increasing consumption of glass as a packaging material, technological advancement, and rapid urbanization. The Global Glass Additives Market is predicted to grow at a moderate CAGR over the estimated period. Rising demand from the growing building & construction industry is estimated to fuel the demand for Glass Additives Market. Moreover, growing investment in the packaging industry as well as continuous expansion of building & construction industry in the emerging economies is predicted to drive the growth of the market.
Some of the prominent factors that positively influence the growth of the Glass Additives Market are increasing disposable income, continuous growth of packaging industry, and improved living standards. Furthermore, rising automotive sales in the developed as well as developing regions combined with the demand for durable door and front glass windows is predicted to accelerate the market growth over the assessment period. In addition, speedy growth in building & construction industry is estimated to propel the market growth over the estimated period. However, rising demand of plastic additives in the manufacturing of cheaper plastic as an alternative to the relatively expensive Glass Additives is predicted to hamper the market growth.
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The Global Glass Additives Market is fragmented on the basis of product, application, and region. On the basis of product, the market is categorized into metal oxide, nanoparticles, and polymers & rare earth metals. On the basis of application, the market is categorized into building & construction, packaging, automotive & transportation, electronics & appliances, and others. On the basis of regions, Glass Additives Market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
North American Glass Additives Market is estimated to witness a significant growth with U.S, being the major contributor on account of the presence of strong consumer base for electronic products and the major market players which govern the industry dynamics of Glass Additives over the assessment period. Europe is estimated to witness a moderate growth over the forecast period due to increasing demand from automotive & transportation industry.
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