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: [email protected]
Tel. 972.636.5056
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