5 April 2019 – Global Borosilicate Glass Market is anticipated to witness an exponential growth in the forecast period. Borosilicate glass implies a type of glass with the main glass-forming components of boron and silica trioxide. Borosilicate glasses are known for having very low coefficients of thermal extension, thereby rendering them resistant to thermal shock, more than any other common glass.
The factors that propel the growth of the borosilicate glass market include increasing demand from laboratory apparatus and solar energy tubes industry, development of solar power industry, increasing usage of borosilicate glass in various applications, surge in disposable income, and increase in number of sunlight-based undertakings in developing economies.
On the other hand, there are factors that may hamper the growth of the market including availability of substitute like plastic apparatus and high cost. The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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Market split by Type, can be divided into:
- High Borosilicate Glass Tubes
- Medium Borosilicate Glass Tubes
Market split by Application, can be divided into:
- Solar Energy Tubes
- Laboratory Apparatus
- Heat Glassware
- Chemical Tubes
- Pharmaceutical Packaging
Based on end user, market could span Pharmaceutical packaging material, chemical industry, oil and gas, Solar panels, house hold cookware, heat resistant glass panels, Laboratory glassware and other. The market could be explored based on distribution channel as offline and online channel. The “Offline channel” segment led the borosilicate glass market in 2017 and will continue to lead in the forecast period.
Europe accounted for the major share of the market in 2017 and will continue to lead in the forecast period. The factors attributed to the growth include presence of key manufacturers in the region and high demand. Europe is followed by North American region.
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Leading players of Borosilicate Glass including:
- Asahi Glass
- De Dietrich
- Hilgenberg GmbH
- Northstar Glassworks
- Yaohui Group and more…