The global glass frit and paste market is projected to reach $18.5 billion by 2028, at a CAGR of 5.5% during 2023-2028. The growth of glass frit and paste market is driven by increasing use of these frits in the electronics, semiconductor, and solar cell industries as they are affordable, reduce production costs, and deliver high-quality products.
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 frit and paste market
by product type (sealing glass, solder glass, and others), application (solar
& fuel cells, semiconductors, electronics, 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 frit and paste market?
Q.4 What are some changing
demands of customers in the glass frit and paste market?
Q.5 What are the new
developments in the glass frit and paste 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 frit and paste 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 frit and paste market?
Market Segmentation:
Based on product type,
the glass frit and paste market is segmented into sealing glass, solder glass,
and others. The sealing glass 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 increasing usage of fixing glasses to create strong airtight
seals between components made of clay, metal, and glass.
Europe is expected to
witness the highest growth over the forecast period due to the continuous
technological advancement and the presence of largest glass producing hubs in
the region.
Key Players in the glass
frit and paste market are Nippon Electric Glass, Mo-Sci Corporation, Elan
Technology, 3M, and SCHOTT AG.
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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