The global glass alternative material market is projected to reach $13.1 billion by 2028, at a CAGR of 6.2% during 2023-2028. The growth of glass alternative material market is driven by rising popularity of acrylic as a glass substitute owing to its vast availability, appealing optical clarity, simplicity of machining, and a variety of colors and a growing number of newly constructed buildings and renovation of old commercial structures.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the glass alternative material
market by product type (polycarbonate, transparent wood, and others), light
transmission (up to 80%, >80%-90%, and >90%), application (visual
application, automotive, electronic, construction, medical devices, aviation,
energy, and others), and region (North America, Europe, Asia Pacific, and the
Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the glass alternative material market?
Q.4 What are some
changing demands of customers in the glass alternative material market?
Q.5 What are the new
developments in the glass alternative material market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this glass alternative material area and
how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this glass alternative material
market?
Market Segmentation:
Based on product type,
the glass alternative material market is segmented into polycarbonate,
transparent wood, and others. The polycarbonate segment accounted for the
largest share of the market in 2023 and is expected to register the highest
CAGR during the forecast period, due to the substantial use of these materials
in building elements, including doors, windows, inner walls, living room
partitions, and various architectural projects.
APAC is expected to
witness the highest growth over the forecast period due to the rising level of
disposable income of the population, ongoing infrastructural development, and
significant potential for the leading manufacturers in the developing economies
in India and China.
Key Players in the glass
alternative material market are Covestro, Trinseo, Mitsubishi Gas Chemical,
Evonik Industries, and 3A Composites.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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