Global Sealing Glass Market is Projected to Reach 394 million USD by 2025 www.qyresearch.com
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QYResearch • The Sealing Glass industry was 278.66 million USD in 2017 and is projected to reach 394 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 4.44% between 2017 and 2025. The Sealing Glass industry sales was 16888 Ton in 2017 and is projected to reach 26471 Ton by 2025, at a CAGR (Compounded Annual Growth Rate) of 5.78% between 2017 and 2025.
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QYResearch • Sealing glasses mostly belong to the borosilicate and aluminosilicate glass families.
• To manufacture reliable hermetic seals, the correct choice of coefficient of thermal expansion (CTE) is a key factor. The applied glass composition depends on the materials which should be joined, the required temperature profile as well as their CTE. For matched seals, the CTE of the glass is matched as closely as possible to those of the sealing partners. In case of compression seals, a well-defined mismatch of the CTE is used intentionally to compress the sealing materials onto each other. • Solder glasses, also referred to as frit glasses, are special glasses with a particularly low softening point (below 550°C). They are used to join glass to other glasses, ceramics, or metals without thermally damaging the materials to be joined. To ensure stress-free sealing, the coefficient of thermal expansion (CTE) needs to be closely matched to the sealing partners. www.qyresearch.com
QYResearch • The key players are Schott AG, Elan Technology, AGC, Nippon Electric Glass, Johnson Matthey, Corning, Fusite (Emerson), 3M, Mo-Sci Corporation, Shenzhen SAM and so on. • The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
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QYResearch • The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
• Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition. www.qyresearch.com
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