Lucintel Forecasts The Global Glass Alternative Material Market To Reach $13 Billion By 2028

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According to the recent study the global glass alternative material market is projected to reach an estimated $13 billion by 2028 from $10 billion in 2023 at a CAGR of 6.2% from 2023 to 2028. Growth in this market is primarily 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.
A more than 150–page report is developed to understand trends, opportunities and forecast in global 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).
“Polycarbonate market is expected to remain the largest segment during the forecast period.”
Based on product type, the glass alternative material market is segmented into polycarbonate, ...
... transparent wood, and others. Lucintel forecasts that the polycarbonate market is expected to remain the largest segment due to the substantial use of these materials in building elements, including doors, windows, inner walls, living room partitions, and various architectural projects.
“Within the glass alternative material market, the construction segment is expected to remain the largest application.”
Based on application the construction segment is expected to witness the highest growth over the forecast period due to rapid urbanization, increasing number of commercial building development and refurbishment projects, and growing popularity of single family homes across the globe.
“Asia pacific will dominate the glass alternative material market in near future.”
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.
Major players of glass alternative material 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. Covestro, Trinseo, Mitsubishi Gas Chemical, Evonik Industries, and 3A Composites are among the major glass alternative material 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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