Borosilicate Glass Market Analysis By Manufacturers, Regions, Types and Applications 2030
The global borosilicate glass market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period. Market revenue growth is primarily driven by increasing use of borosilicate glass for gadgets in the electrical and semiconductor industry, culinary and home appliances, and health and science laboratories.
Borosilicate glass, also known as leachable alkali-borosilicate glass, is a type of glass composed primarily of silica and boron trioxide. This product in majorly used in the pharmaceutical industry due to its chemical inertness on reaction with a majority of liquids, while in the medical industry due to its outstanding optical clarity. Borosilicate glasses are used to create pharmaceutical containers for syringes, cartridges, vials, and ampoules and are suitable resource for fabricating slides and lenses for optical equipment owing to its high stability. In addition, the material’s chemical and thermal stability increases its preference for use in medical requirements. Moreover, expanding utilization of this product in culinary appliances and home equipment, particularly for frying and baking, is attributed to its outstanding temperature resistance. Many cookware brands employ this commodity for baking dishes and glassware cooking pots. This is also suitable to be used as measuring cups and other related receptacles owing to its minimal thermal expansion. Furthermore, graduations labeled on glass containers remain accurate because the product does not deform when subjected to high temperatures.
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Top Players in the Global Borosilicate Glass Market:
- AGC (Japan)
- SCHOTT (Germany)
- Corning Inc. (U.S.)
- Nippon Sheet Glass (Japan)
- Plan Optik (Germany)
- HOYA Corporation (Japan)
- LG Chem (South Korea)
- OHARA Inc. (Japan)
- IRICO Group New Energy Company Limited (China)
- The Tunghsu Group (China)
- Nipro Glass India Pvt. Ltd. (India)
Increasing demand for borosilicate glass in the electrical and semiconductor industry and rising international usage of electronic gadgets are major factors driving revenue growth of the market. Boron-infused components are implemented in electronic and smart gadgets to increase life of the gadget, improve energy performance through longer battery life, emit less heat, provide low resistance protection against electrical currents, improve wear-resistance, operate as protective coatings, and provide strength to metals and glass in the device. Moreover, tubing from this material is also applied as envelope material owing to its high hydrolytic resistance and excellent thermal shock resistance.
Market segmentation based on Product Type (Revenue, USD Billion; 2019-2030)
- High Borosilicate Glass Tubes
- Medium Borosilicate Glass Tubes
Application Outlook (Revenue, USD Billion; 2019-2030)
- Laboratory Apparatus
- Heat Glassware
- Chemical Tubes
- Pharmaceutical Packaging
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Borosilicate Glass market over the forecast period?
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- Which are the leading manufacturers and suppliers in the global Borosilicate Glass market?
- Which regional market is expected to lead in terms of revenue share in the global Borosilicate Glass market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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