The global borosilicate glass market is projected to grow at a CAGR of 5.57% to reach US$22.336 billion by 2024, from US$16.135 billion in 2018. The rapid increase in the demand of the borosilicate glass may be attributed to its high mechanical strength and resistance to thermal shock, making it useful in a number of end-user industries. Borosilicate glass is a type of glass that contains boron trioxide and silica as major glass network formers. Boron trioxide allows for a very low coefficient of thermal expansion and makes it thermal shock resistant which means that the glass is able to resist extreme changes in temperature and is measured by the “Coefficient of Thermal Expansion. Because of its durability and resistance to chemical changes, borosilicate glass has traditionally been used in chemistry labs and industrial settings, as well as for kitchenware and premium wine glasses. Because of its superior quality, it is often priced higher than soda-lime glass. Also, this glass is less than dense than the usual soda-lime glass and with a relatively low refractive index.
Owing to their high resistance and relatively inert nature, borosilicate glasses are used in a number of industries. These properties make them the most preferable glass type for making laboratory glassware, microwave glass cookware and high-quality beverage glassware. The borosilicate glass, when subjected to extreme stress, will rather crack or break into large pieces instead of shattering into many small ones. Besides these, borosilicate glass also has its use in the semiconductor industry and in the making of thermal insulation tiles of the famed Space Shuttle and is also used for immobilization and disposal of radioactive waste.
The borosilicate glass market is projected a significant growth during the given time frame. Rising use of borosilicate glass in the solar industry, medical implantable devices and as well as electronic devices will drive the market for borosilicate glass during the given forecast period.
By Application
By Application, the borosilicate glass market is segmented as a laboratory, electronics, aerospace, cookware, and solar. Laboratory segment expected to hold a significant share owing to its comparatively inert nature and high heat resistance. Despite high thermal resistance, borosilicate glass can be cracked due to sudden or uneven temperature variations.
By Geography
Geographically, the borosilicate glass market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. The Asia-Pacific is expected to project significant growth owing to the rising demand from the growing number of healthcare and research laboratories.
| Report Metric | Details |
| Market size value in 2018 | US$16.135 billion |
| Market size value in 2024 | US$22.336 billion |
| Growth Rate | CAGR of 5.57% from 2018 to 2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Application, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | Borosil Glass Works Ltd., SCHOTT AG, Corning Incorporated, DE DIETRICH PROCESS SYSTEMS, Jeannette Specialty Glass, Linuo Europe GmbH, Kavalierglass, a.s., Cincinnati Gasket & Industrial Glass® and Industrial Glass Products |
| Customization scope | Free report customization with purchase |
Segmentation
The borosilicate glass market has been segmented by the end-user industry and geography.
By Application
By Geography
North America
Europe
Middle East and Africa
Asia Pacific
Frequently Asked Questions (FAQs)
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Borosilicate Glass Market Analysis, by Application
5.1. Introduction
5.2. Laboratories
5.3. Electronics
5.4. Aerospace
5.5. Cookware
5.6. Solar
6. Borosilicate Glass Market Analysis, by Geography
6.1. Introduction
6.2. North America
6.2.1. USA
6.2.2. Canada
6.2.3. Mexico
6.3. South America
6.3.1. Brazil
6.3.2. Argentina
6.3.3. Others
6.4. Europe
6.4.1. Germany
6.4.2. France
6.4.3. United Kingdom
6.4.4. Spain
6.4.5. Others
6.5. Middle East and Africa
6.5.1. Saudi Arabia
6.5.2. Israel
6.5.3. UAE
6.5.4. Others
6.6. Asia Pacific
6.6.1. China
6.6.2. Japan
6.6.3. South Korea
6.6.4. India
6.6.5. Others
7. Competitive Environment and Analysis
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. Company Profiles
8.1. Borosil Glass Works Ltd.
8.2. SCHOTT AG
8.3. Corning Incorporated
8.4. DE DIETRICH PROCESS SYSTEMS
8.5. Jeannette Specialty Glass
8.6. Linuo Europe GmbH
8.7. Kavalierglass, a.s.
8.8. Cincinnati Gasket & Industrial Glass® and Industrial Glass Products
9. Appendix
SCHOTT AG
Corning Incorporated
DE DIETRICH PROCESS SYSTEMS
Jeannette Specialty Glass
Linuo Europe GmbH
Kavalierglass, a.s.
Cincinnati Gasket & Industrial Glass® and Industrial Glass Products
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