Borosilicate Glass Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2028
“The factors that propel the growth of the borosilicate glass market include increasing demand from laboratory apparatus and solar energy tubes industry�
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. Borosilicate glass market could be explored by product type, application, end user, distribution channel and geography. Market could be explored by product type as High Borosilicate Glass and Medium Borosilicate Glass. The key applications that could be explored in the market include Sealing Glasses, Display Screens,