According to the recent study the low temperature sealing glass market is projected to reach an estimated $0.19 billion by 2028 from $0.16 billion in 2023, at a CAGR of 4% from 2023 to 2028. Growth in this market is primarily driven by increasing use of low temperature sealing glass for hermetically sealing and assembling microscopic optical and electrical parts and the growing need for low temperature sealing glasses as a low temperature sealant that doesn’t have a high environmental impact or easily vaporized halogens, like fluorine or iodine.
A more than 150–page report
is developed to understand trends, opportunities and forecast in low
temperature sealing glass market by product type (below 430°C, 430°-500°C, and
above 500°C), application (LED & OLED, electronics & semiconductors,
and home appliances), and region (North America, Europe, Asia Pacific, and the
Rest of the World).
“Below 430°C market is expected to remain the largest segment
during the forecast period.”
Based on product type,
the low temperature sealing glass market is segmented into below 430°C, 430°-500°C,
and above 500°C. Lucintel forecasts that the below 430°C market is expected to
remain the largest segment due to the growing use of low temperature sealing
glass owing to their quick sealing, chemical resistance, and superior thermal
shock properties.
“Within the low temperature sealing glass market, the electronic
& semiconductor segment is expected to remain the largest application.”
Based on application the
electronic & semiconductor segment is expected to witness the highest
growth over the forecast period due to the significant use of these glasses in
electronic device sealing.
“Asia pacific will dominate the low temperature sealing glass
market in near future.”
APAC is expected to
witness the highest growth over the forecast period due to the presence of a
huge consumer base and semiconductor manufacturers in the region.
Major players of low
temperature sealing glass market are adopting various growth strategies like
new product launches, expansions, merger and acquisitions, partnerships, agreements,
and collaborations to expand their presence in this market. Nippon Electric
Glass, NAMICS, Ferro, SCHOTT, Showa Denko Materials, and YEK Glass are among
the major low temperature sealing glass providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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