The Dichroic Glass market industry is projected to grow significant value by 2032, exhibiting a compound annual growth rate (CAGR) of 10.00% during the forecast period (2023 - 2032). The growing usage of Dichroic Glass in architectural applications and technological advancements are the key market drivers boosting the expansion of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Market CAGR for dichroic glass is being driven by the rising technological progress. Dichroic glass is a type of glass that changes color based on the amount of light present. As an example of thin-film optics, one dichroic material is a contemporary composite non-translucent glass made by stacking layers of metal oxides, which gives the glass shifting colors depending on the angle of view thus allowing an array of colors to be exhibited.
Additionally, growth in the dichroic glass production industry is attributed to technological advancements. More complex and intricate designs in Dichroic Glass, for example, may now be produced thanks to improved deposition techniques. Because of this, Dichroic Glass may now be used for a greater range of projects, such as jewelry and interior design. New techniques like sputtering and atomic layer deposition (ALD) are being used to manufacture Dichroic Glass with increasingly intricate and precise patterns. Because of this, Dichroic Glass may now be used for a greater range of projects, such as jewelry and interior design. An expanded line of Dichroic Glass for use in automobiles was unveiled by China National Building Materials Group. Car safety and fuel efficiency are enhanced by the glass.
Dichroic glass is used in architecture because of its ability to provide a variety of visual effects, such as color change, light reflection, and the illusion of depth. Utilizing it in windows, skylights, and the façade of buildings enhances their aesthetic appeal and intrigue. Dichroic Glass may reduce glare and improve vision, which is why it is widely utilized in automobile applications. To improve safety and driving comfort, it is used in instrument panels, headlights, and taillights. Additionally, Dichroic Glass is used in consumer electronics applications like computers, tablets, and smartphones because of its ability to provide a variety of visual effects like shifting colors and reflecting light. It also improves the visual quality of images on TVs and other display devices.
For instance, the demand for optical glass in the electronics and semiconductor industries was spurred by the world's $2 trillion electronics equipment manufacturing in 2014, according to the National Institution for Transforming India (NITI) Aayog, Government of India. But raw material price volatility prevents the market from expanding. Thus, result in driving the Dichroic Glass market revenue.
The Dichroic Glass Market segmentation, based on type includes Thermochromic Glass, Electrochromic Glass, and Photochromatic Glass. The thermochromic glass segment dominated the market. The market is growing as a result of growing applications for thermochromic glass in the automobile and consumer electronics sectors, as well as increased demand for intelligent windows in the building sector.
Figure1: Dichroic Glass Market, by Type, 2022&2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Dichroic Glass Market segmentation, based on Application, includes Architecture, Jewellery and Art, Transportation, Aerospace, and Medical. The architecture category generated the most income. Dichroic Glass may produce a variety of effects in architecture. It can be used to create privacy screens, provide sun shielding, and adorn building facades with color and beauty. Dichroic Glass can be used to create ornamental light fixtures and sculptures like objects.
The Dichroic Glass Market segmentation, based on Manufacture includes Small Scale, and Large Scale. The large scale segment dominated the market. The Dichroic Glass market is dominated by a few large businesses, such as Schott, Corning, and Saint-Gobain. These companies offer a wide range of Dichroic Glass products and are well-known on a global scale.
The Dichroic Glass Market segmentation, based on Sales Channel, includes Offline, and Online. The online category generated the most income. It is expected that the Dichroic Glass online sales channel would grow even more in the next years. Dichroic Glass is growing in popularity among consumers, and purchasing it online is convenient and reasonably priced.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Dichroic Glass market area will dominate this market. This is due to the growing domestic market for Dichroic Glass, the increase in R&D spending by American companies, and the government policies that encourage the development of the glass sector.
Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.
Figure2: DICHROIC GLASS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Dichroic Glass market accounts for the second-largest market share because Dichroic Glass, which is used to color textiles and other materials, is highly consumed. Further, the German Dichroic Glass market had the biggest market share, and the UK Dichroic Glass market was the European market with the quickest rate of growth.
The Asia-Pacific Dichroic Glass Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is due to the region's rapid expansion in the automotive, photovoltaic, and architectural industries. Moreover, China’s Dichroic Glass market had the biggest market share, and the Indian Dichroic Glass market was the Asia-Pacific region's fastest-growing market.
Leading market players are putting a lot of money on R&D to expand their product lines, which will help the Dichroic Glass market, keep growing. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Dichroic Glass industry must provide reasonably priced goods.
One of the main business strategies employed by manufacturers is to manufacture locally in order to reduce operating expenses in the global Dichroic Glass industry to help customers and expand the market segment. In recent years, the Dichroic Glass industry has provided some of the biggest benefits to medicine. Major players in the Dichroic Glass market, including Saint-Gobain, China National Building Materials Group, CRH, Guardian, PPG, NSG, Cardinal, AGC, PGW, Pittsburgh Corning, and others, are engaging in research and development activities in an effort to boost market demand.
CRH plc is a global conglomerate of diverse construction products companies. For the construction business, it produces and supplies a broad range of goods. In 1970, Cement Limited (founded in 1936) and Roadstone Limited (1949), two prominent Irish public enterprises, merged to form the group. CRH is primarily listed on the London Stock Exchange and Euronext Dublin, where it is included in the ISEQ 20. However, as of September 25, 2023, it will also be listed on the New York Stock Exchange. In July 2019, A US investment group called Blackstone acquired CRH's underperforming European distribution division for €1.64 billion.
PPG Industries, Inc. is a Fortune 500 American corporation that supplies paints, coatings, and specialty materials all over the world. With its global headquarters located in Pittsburgh, Pennsylvania, PPG has operations in over 70 countries. It is the world's largest coatings company by revenue, trailed only by AkzoNobel. Its headquarters are located in Pittsburgh's downtown PPG Place, an office and retail complex that is well-known for the glass exterior that postmodern architect Philip Johnson created. In 2020, PPG's "High Strength, Highly Ductile Structural Adhesive PR 2930" took home the Adhesives and Sealants Council (ASC) Innovation Award.
September 2019: Apple said that it will invest $250 million in Corning to support the company's efforts to develop and manufacture the glass needed for a number of key products, including the iPad, iPhone, and Apple Watch.
August 2021: AGC Biologics, a well-known international biopharmaceutical Contract Development and production Organization (CDMO), has completed the acquisition of a state-of-the-art commercial production facility situated in Longmont, Colorado, USA.
January 2023: Therma-Tru introduced its new line of fiberglass and steel products for 2023, which includes more sizes for popular forms, a combined storm and entrance door system, artistic glass patterns, paint and stain color possibilities, and other amenities.
| Report Attribute/Metric | Details |
| Market Size2022 | USD XX Billion |
| Market Size 2023 | USD XX Billion |
| Market Size2032 | USD XX Billion |
| Compound Annual Growth Rate (CAGR) | 10.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Manufacture, Sales Channel, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, German, France, UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil |
| Key Companies Profiled | Â Saint-Gobain, China National Building Materials Group, CRH, Guardian, PPG, NSG, Cardinal, AGC, PGW, Pittsburgh Corning |
| Key Market Opportunities | ·      Technological Developments to Drive Market expansion |
| Key Market Dynamics | ·      Growing Utilization in a Range of Applications to Produce Profitable Market Results |
Dichroic Glass Market Highlights:
Frequently Asked Questions (FAQ) :
In 2022, the Dichroic Glass market was estimated to be worth significant value globally.
From 2023 to 2032, the global market is expected to expand at a compound annual growth rate (CAGR) of 10.00%.
North America held the most market share worldwide.
Saint-Gobain, China National Building Materials Group, CRH, Guardian, PPG, NSG, Cardinal, AGC, PGW, and Pittsburgh Corning are the major companies in the market.
The market in 2022 was dominated by the Thermochromic Glass category.
The largest market share worldwide belonged to architecture.
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