Materials & Chemicals Market Research News

New study: Smart glass market forecast to 2023

Materials & Chemicals Research

Smart Glass Market By Type(Protein, Starch, Hydrocolloid), By Application(Transportation, Commercial, Architectural, Power Generation).

Global Smart Glass Market Make an Inquiry about this news was valued at USD 3.04 Billion in the year 2017. Global Smart Glass Market is further estimated to grow at a CAGR of 17.33% from 2018 to 2023 to reach USD 7.96 Billion. North America region holds the highest market share in 2016 and European market is considered as the fastest growing market in the forecasted period.

At a country level, developed markets like the U.S.

as well emerging markets with highest population base holds the notable market share in 2017 and it is projected to grow at a gradual rate in the coming years.

Chromogenic AB (Sweden), DuPont (US), Asahi Glass Co., Ltd. (Japan), Corning Incorporated (US), Gentex Corporation (US), Hitachi Chemical Co., Ltd. (Japan), Research Frontiers (US), View, Inc. (US) are some of the key players in the Smart Glass Market with DuPont holding a significant market share because of its better global presence both at production and at an operational level.

Rising research and development expenses to match the changing demands of the end users, similarly, growth strategies such as collaboration & merger were few techniques adopted by most of the top manufacturers in the last few years. Moreover, it is observed that key market players are reducing the manufacturing cost by adopting to cost-effective supply chain strategy.

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Drivers:

Technological advancement in the automotive sector

Restraints:

High initial investments in production

Opportunities:

Increasing demand for environmentally friendly buildings

Challenges:

Lack of awareness about the benefits of Smart Glass

Segmentation on the basis of an application includes Transportation, Commercial, Architectural, and Power Generation. Transportation segment is expected to hold the highest market share during the forecast period.

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The Architectural segment is also expected to grow at the highest CAGR of XXX during year 2017-2022. This growth is due to the new laws & regulations which are being formed by the governments of different countries in order to increase the efficiency of the constructions.

Key Benefits for Stakeholders

Smart Glass Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Application

Transportation

Commercial

Architectural

Power Generation

By Technology Protocol

Active Glass

Passive Glass

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

ChromoGenics AB (Sweden)

DuPont (US)

Asahi Glass Co., Ltd. (Japan)

Corning Incorporated (US)

Gentex Corporation (US)

Hitachi Chemical Co., Ltd. (Japan)

Research Frontiers (US)

View, Inc. (US)

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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