ITO Coated Glass Market Key Players, Applications and Top Performing Regions, 2021

Global ITO coated glass market is anticipated to witness exponential growth in the forecast period. ITO (Indium Tin Oxide), also known as “Conductive Glass Substrate”, is a conductive clear and film/liquid, and a coating on 1mm glass sheet. Factors, such as increasing demand from end-user industry, technological advancements, it has high stability of film resistance after deposition are likely to boost the demand for this market in the forthcoming period.

On the other hand, high cost is anticipated to hinder ITO coated glass market growth in the future. However, available in standard as custom sizes, shapes, and diameter is likely to create lucrative opportunities for the market. Globally, 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.

ITO coated glass market is segmented by type, application, distribution channel, and geography. Market is segmented by type as ITO Coated Glass Plates, ITO Coated Slides & Coverslips, ITO Coated Slides and ITO Coated Cover Slips. The key applications are segmented in the market include Photovoltaic Solar Cells, Electro chromatic Displays, EMI Shielding, and Others. The “Electro chromatic Displays” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

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The ITO coated glass market is segmented based on distribution channel as Offline and Online distribution. The “offline distribution” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as increasing demand from end-user industry, technological advancements, and developed infrastructure in the region is likely to boost the demand for this market in the forecast period. North America is followed by Asia-Pacific and European region.

Key players operating in the ITO coated glass market include Thorlabs, Inc., Kintec, Techinstro, Optics Blazers, Corning, Buhler AG, MTI Corporation, Techinstro, Henan Comyo and Yeebo Group. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Glass Fiber Market Growth Rate, Share Value, and Business Opportunities

The Global Glass Fiber Market is anticipated to grow at a CAGR of 5.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Glass fiber, as the name suggests, involves fine fibers of glass. The factors that propel the growth of the Glass Fiber Market include increased usage of in automobiles to decrease weight and CO2 emissions, increased construction activities at the global level, and demand for corrosion resistance applications such as pipes and tanks from oil & gas and water supply sector.

On the other hand, there are factors that may hamper the growth of the market including hunting by manufacturers of automobiles for inexpensive and harmless substitutions, and adverse health effects of fiberglass. The market may be explored by type, manufacturing process, application, and geography. The market could be explored based on product type as Single-End Roving, Multi-End Roving, CSM, Woven Roving, CS, DUCS, CFM, Fabrics, and Others. Glass Fiber Market may be explored by manufacturing process as Hand Lay-Up, Spray Up, Pultrusion, Injection Molding, Prepreg Lay Up, Compression Molding, Resin Infusion, and Others.

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Market may be analyzed by application as Consumer products, Construction, Wind turbines, and Transportation. The “Construction” segment led the Glass Fiber Market in 2016 and is anticipated to maintain its dominance by 2020 owing to rising use of glass fibers as mixtures in building materials and increasing replacement of steel with glass fibers to reduce the maintenance costs and avert erosion.

Asia-Pacific accounted for the major share of the Glass Fiber Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include foremost upcoming construction schemes in the region. Thus, the rising construction industry, particularly in commercial building segment, is driving the demand for glass fiber in this region.

Some of the key players that fuel the growth of the Glass Fiber Market comprise Owens Corning, PPG Industries, Nippon Sheet Glass, Knauf and Advanced Glass fiber Yarns, and China Fiberglass Company, among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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