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Glass Additives Market Global Analysis, Research News, Review, Applications And Forecast 2023
The Global Glass Additives Market is fragmented on the basis of Product, Application, and Region.
On the basis of Product, the market is categorized into metal oxide, nanoparticles, and polymers & rare earth metals.
On the Basis of Application, the market is categorized into building & construction, packaging, automotive & transportation, electronics & appliances, and others.
On the Basis of Regions, Glass Additives Market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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Some of the key industry participants operating in the Global Glass Additives Market are Namibia Rare Earths Inc. (Canada), Lynas Corporation Ltd (Australia), Torrecid Group (Spain), Potters Industries LLC (U.S.), SCHOTT AG (Germany), DuPont. (U.S.), GILLINDER GLASS (U.S.), METALL RARE EARTH LIMITED (China), Ardagh Group (Republic of Ireland), HAMMOND GROUP INC (U.S.) among others.
The Global Glass Additives Market is categorized into five regions based on geography, namely–North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among the aforementioned regions, Europe accounted for around 32% market share in 2016 and is estimated to grow with a moderate CAGR over the forecast period. European glass additives market is segmented into Germany, Russia, Italy, Spain, U.K, France, and others. Comparatively, Germany and U.K hold the major market share on account of increasing registration of light commercial vehicles and passenger cars. Furthermore, the rising demand from packaging and construction sector is predicted to propel the growth of the market over the estimated period. France and Italy are expected to register a steady CAGR on account of their growing usage in electronics & appliance industry. In addition, robust manufacturing base in the region along with the presence of key manufacturers is expected to propel the higher growth.
Asia Pacific is estimated to witness a substantial growth owing to rising consumption of glass additives in various end use industries such as electronics & appliances, automotive & transportation, automotive, and others. Countries of Asia Pacific such as China, India, South Korea, and Japan dominated the regional market share and is expected to grow with the healthy CAGR due to expansion of numerous end use industries. Furthermore, growing industrial investment and high economic growth rate in the developing countries of Asia Pacific has been a major factor driving the demand for Glass Additives in this region. Furthermore, increasing disposable income along with higher demand for packaged food & beverage implying growth in product demand. The Middle Eastern & African countries such as Kuwait, Turkey, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are among the key contributors in the regional market growth due to increasing demand for luxury cars as well as increasing purchasing power of consumers.
North America Glass Additives Market is categorized into the U.S. and Canada. The U.S and Canada are the major contributors in the regional market growth on account of rising demand from food packaging, electronics, medical, and automotive sector. Latin American countries such as Brazil, Mexico, and Argentina are the key contributors to the regional market on account of the increased consumer spending on packaged products. Furthermore, developing manufacturing technologies coupled with high demand for electronics and domestic appliances is estimated to drive the product demand.
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