The Borosilicate Glass Market size is forecast to reach USD 1.31 billion by 2027 from USD 950.78 million in 2019, delivering a CAGR of 4.1% through the forecast period. The market growth is driven by increased product demand for the manufacturing of solar tubes, laboratory equipment, cookware, automotive glass, and others. The borosilicate glass is known for its durability and heat resistance properties. The product exhibit a very low coefficient of thermal expansion, which makes it thermal shockproof and doesn\’t crack under extreme temperature changes. It is also lead and BPA-free, making it perfect for use in cookware, drinking glasses, etc. Beneficial product attributes make borosilicate glass ideal for use in a wide range of applications.
The product finds extensive usage in implantable medical devices and other medical product manufacturing such as prosthetic eyes, test tubes, rods, ampoules, beakers to graduated cylinders, stopper attachments, bone cement, pipettes, etc. Advancements in the medical and healthcare industry will positively impact the borosilicate glass market growth.
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Top Players in the Global Borosilicate Glass Market:
Asahi Glass Co, Ltd., De Dietrich Process Systems, Borosil Glass Works Ltd., Duran Group, Gerresheimer AG, Kavalierglass of North America, Inc., Hilgenberg GmbH, Noble Glass Works Pvt. Ltd., Shandong Yaohui Solar Co., Ltd., and Schott AG
Borosilicate glass is witnessing high demand from the electronic and semiconductor industry. Growing consumption of electronic devices with increased disposable incomes across the globe will bolster market share over the analysis period. Moreover, the growing usage of borosilicate glass in cookware and home appliances will drive price trends. Furthermore, the rise in the number of solar power projects and the expansion of the automotive industry across developing countries will boost the borosilicate glass market forecast through 2027.
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Market segmentation based on Type Outlook:
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