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Global Tinted Glass Market Expected to Reach US$ 41.26 Billion by 2033 with a 6.6% CAGR | Future Market Insights, Inc.
The construction and interior design sectors drive demand for tinted glass, with new trends like French green and crystal grey contributing. Tinted glass offers enhanced safety, security, and energy efficiency, fueling the market growth.
NEWARK, Del., Sept. 18, 2023 /PRNewswire/ — The tinted glass market is anticipated to expand its roots at a steady CAGR of 6.6% between 2023 and 2033. The market is anticipated to surpass US$ 41.26 billion by 2033, while it is likely to be valued at US$ 21.77 billion in 2023.
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Tinted Glass Trends: Fueling Demand in Construction, Safety, Efficiency, and Innovation for UV Protection
- The new construction and interior design businesses fuel the demand for tinted glass solutions. Furthermore, new experiments such as French green, crystal grey, and euro grey tinted float glass are increasing the demand for tinted glass.
- The enhanced safety and security delivered through tinted glasses is flourishing the market growth. Furthermore, increased efficiency due to the lower energy consumption is anticipated to the market growth.
- The advanced glassing solution and low-maintenance glasses are further expected to boost the demand for tinted laminate glass. Alongside, tinted smart glass is also in high demand, expanding the tinted glass market size.
- Many corporate and residential setups are adopting tinted glasses solutions for high UV protection.
Key Points from the Tinted Glass Market Research Report:
- The United States market leads the tinted glass market in terms of sales volume in North America. The market holds a market share of 13.4% in 2023. The market growth is attributed to the increased number of corporate systems adopting glasses that protect them from sunlight and ultraviolet rays.
- India’s tinted glass market leads the South Asia market in terms of CAGR with a leading CAGR of 8.0% between 2023 and 2033. The regional growth is attributed to growing awareness among people about the hazardous effects of UV rays
- On the other hand, China’s tinted glass market flourishes at a CAGR of 8.1% between 2023 and 2033. The rising number of industrial warehouses with product stores are adopting tinted glass solutions.
- By thickness, 6 mm tinted glass is in high demand as it is in high consumption due to the perfect size for different settings like residential, office buildings, and even grocery stores.
- By color, the grey segment leads while holding a prominent market share of 40.7% in 2023.
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Competitive Landscape:
The key vendors work on producing the best quality glasses with experimentation and production value. Furthermore, the companies also provide application-specific tinted glass solutions. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
The key players in the market are
- AGC Inc.
- Saint-Gobain
- Nippon Sheet Glass Co., Ltd.
- Vitro
- Xinyi Glass Holdings Limited
- THE ECAM GROUP
- Guardian Industries Corp.
- Taiwan Glass Group, Ltd
- Shanghai Yaohua Pilkington Glass Group Co., Ltd
- Qingdao Rexi Industries Co. Ltd.
Recent Market Developments
– Guardian Industries Corp has introduced its guardian tinted glass that delivers solutions to exterior facades and interior decors. It comes for homes as well as commercial businesses. The tint also comes in various colors and designs.
– Taiwan Glass Group, Ltd. has revisited its tinted glass and updated its packaging and build quality. The company will likely hold a good amount of traction in the future.
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About the Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Adjacent Research Reports:
- Glass Fiber Reinforced Plastic (GFRP) Composites Market is predicted to capture a valuation of US$ 18.54 billion in 2023 and rise to US$ 41.53 billion by 2033. The market is estimated at a CAGR of 8.4% during the forecast period.
- Glass Additives Market will reach US$ 1.4 Billion by the end of 2022. In the long run, from 2022-2032, the market is expected to flourish at a 4.2% CAGR, reaching US$ 2.1 Billion.
- Residential and commercial Smart Glass Market is projected to reach approximately US$ 14 Billion by 2028, at an estimated CAGR of more than 15% over 2018-2028.
- Fiberglass Market is predicted to rise at a CAGR of 4.3% over the forecast period (2022-2028) and reach a valuation of US$ 13.1 Billion by 2028, up from the current market size of US$ 10.2 Billion.
- Silica Sand for Glass Making Market is expected to be valued at US$ 5.7 billion in 2023. As per the research, the market is expected to register a CAGR of 4.1% between 2023 and 2033. The valuation is projected to cross US$ 8.5 billion by 2033.
- Borosilicate Glass Market is expected to surge from US$ 2.03 Billion in 2022 to US$ 4 Billion in 2032. The industry is projected at a CAGR of 7% during the forecast period from 2022 to 2032.
- Glass Additives Market was valued at US$ 1.3 Billion in 2021 and is likely to reach US$ 1.4 Billion by the end of 2022. In the long run, from 2022-2032, the market is expected to flourish at a 4.2% CAGR, reaching US$ 2.1 Billion.
- The European silica Sand for Glass sand-making market is predicted to cross a valuation of US$ 1,107.3 million in 2023. It is estimated to attain a valuation of US$ 1,654.9 million by 2033. The market is predicted to thrive at a CAGR of 4.1% from 2023 to 2033.
- Insulated Glass Market is projected to be valued at US$ 13.4 Billion in 2022, and it is set to reach US$ 22.8 Billion in 2032 and exhibit rapid growth at a CAGR of 7.5% in the forecast period from 2022 to 2032.
- The heat-resistant glass market analysis report released by FMI estimates the current revenue generated by sales of this product worldwide to be around US$ 4.8 Billion. Further, by the year 2032, the net worth of the global heat-resistant glass is predicted to be around US$ 7.5 Billion and is predicted to register a fair CAGR of 4.3% through these forecast years.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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COPENHAGEN, Denmark, Nov. 25, 2024 /PRNewswire/ — Novo Holdings today announced that it has agreed to acquire the Norwegian fish genetics company Benchmark Genetics from Benchmark Holdings plc for an enterprise value of up to £260 million.
Headquartered in Bergen, Norway, Benchmark Genetics is a leader in salmonid genetics, providing eggs and other genetic services to both traditional and land-based farmers, operating across Norway, Iceland & Faroe Islands, Chile, and other major geographies.
The Company’s core genetics offering drives resource-efficiency in fish and shrimp farming by addressing key production challenges including growth rates, feed conversion and disease resistance. By combining its long-established breeding programs and the latest genomic tools, Benchmark Genetics help aquaculture producers increase quality, yield, health, and animal welfare.
The Company has customers in more than 50 countries and employs 270 people globally.
The transaction is aligned with the Novo Holdings Planetary Health Investment team’s strategic focus on aquaculture technology to drive growth, innovation, and sustainability, complementing the recent investment in Stingray Marine Solutions.
Aleks Engel, Partner, Planetary Health Investments, Novo Holdings, said: “We are very pleased to announce plans to acquire the Benchmark Genetics business from Benchmark Holdings. Both animal and plant genetics hold immense potential to transform the global food industry, enabling more efficient and sustainable ways to feed a growing population. In particular, advancements in aquaculture genetics, such as those in the salmon industry, present significant opportunities to improve productivity, resilience, and environmental outcomes.”
Johan Hueffer, Senior Partner, Principal Investments, Novo Holdings, added: “The investment in Benchmark Genetics provides us with increased exposure to the salmon industry, which benefits from highly attractive underlying dynamics. Further it represents an opportunity to support a leading animal genetics platform with global ambitions. Partnering with an experienced management team, we are confident in the company’s ability to drive meaningful advancements in this field. At Novo Holdings we are excited to leverage our industry experience and extensive network to help realise the company’s full potential and contribute to sustainable growth in the aquaculture sector.”
Trond Williksen, CEO of Benchmark, continued: “I am very pleased to have signed an agreement to sell our Genetics business to Novo Holdings. Benchmark Genetics is a leading aquaculture genetics business with great potential and Novo Holdings is an excellent owner to take the business forward.”
Geir Olav Melingen, Head of Benchmark Genetics, concluded: “I am very excited about the future of our business. We have a great opportunity ahead and look forward to continuing our journey with Novo Holdings bringing solutions to the aquaculture industry to improve productivity, resilience and sustainability.”
Transaction highlights
- Initial consideration of £230 million
- Additional contingent consideration of up to £30 million based on certain revenue thresholds
- Completion is expected during the first quarter of 2025 subject to shareholder approval and receipt of customary regulatory clearances
- Shareholders representing approximately 71% of the issued ordinary share capital of Benchmark have irrevocably agreed to vote in favour of the transaction
PJT Partners are acting as financial advisor to Novo Holdings. Latham & Watkins are acting as legal advisor to Novo Holdings.
About Benchmark
Benchmark is a leading aquaculture biotechnology company. Benchmark’s mission is to drive sustainability in aquaculture by delivering products and solutions in genetics, advanced nutrition and health which improve yield, growth and animal health and welfare.
Through a global footprint in 26 countries and a broad portfolio of products and solutions, Benchmark addresses many of the major aquaculture species in all the major aquaculture regions around the world.
About Novo Holdings A/S
Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation. Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk A/S and Novonesis A/S (Novozymes A/S) and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seed, Venture, Growth, Asia, Planetary Health and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development. As of year-end 2023, Novo Holdings had total assets of EUR 149 billion. www.novoholdings.dk
About the Novo Nordisk Foundation
Established in Denmark in 1924, the Novo Nordisk Foundation is an enterprise foundation with philanthropic objectives. The vision of the Foundation is to improve people’s health and the sustainability of society and the planet. The Foundation’s mission is to progress research and innovation in the prevention and treatment of cardiometabolic and infectious diseases as well as to advance knowledge and solutions to support a green transformation of society.
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The World Economic Forum (WEF) has released a pivotal white paper in collaboration with the Financial Conduct Authority (FCA), titled “Quantum Security for the Financial Sector: Informing Global Regulatory Approaches”. This January 2024 publication underscores the urgent need for global cooperation as the financial sector transitions from a digital economy to a quantum economy, highlighting both the immense opportunities and cybersecurity challenges posed by quantum computing.
Quantum: A Double-Edged Sword for Finance
Quantum computing offers transformative benefits for the financial sector, such as accelerated portfolio optimization, enhanced fraud detection, and improved risk management. Yet, it simultaneously threatens the very foundation of cybersecurity. With quantum’s ability to break traditional encryption methods, sensitive data and financial transactions face significant risks. The white paper warns that such vulnerabilities could erode trust in the financial system and destabilize global markets.
The urgency to prepare is evident, with some quantum threats, such as “Harvest Now, Decrypt Later” attacks, already emerging. Governments and regulators, including the United States with its National Security Memorandum on Quantum (2022), have begun advocating for quantum security readiness by 2035. However, as noted in the paper, transitioning to a quantum-secure infrastructure is a monumental task requiring unprecedented coordination between regulators, industry leaders, and technology providers.
A Collaborative Framework: Four Guiding Principles
To address the complex challenges posed by quantum technologies, the WEF and FCA have proposed four guiding principles to inform global regulatory and industry approaches:
- Reuse and Repurpose: Leverage existing regulatory frameworks and tools to address quantum risks, rather than creating entirely new systems.
- Establish Non-Negotiables: Define baseline requirements for quantum security, ensuring consistency and interoperability across organizations and jurisdictions.
- Increase Transparency: Foster open communication between regulators and industry players to share best practices, strategies, and knowledge.
- Avoid Fragmentation: Prioritize global collaboration to harmonize regulatory efforts and avoid inconsistencies that could burden multinational organizations.
These principles aim to create a unified, forward-looking strategy that balances innovation with security.
A Four-Phase Roadmap for Quantum Security
The white paper introduces a phased roadmap to help the financial sector transition toward quantum security:
- Prepare: Raise awareness of quantum risks, assess cryptographic infrastructure, and build internal capabilities.
- Clarify: Formalize engagement between stakeholders, map current regulations, and model the cost and complexities of transitioning to quantum-safe systems.
- Guide: Address regulatory gaps, translate technical standards into actionable frameworks, and develop industry-wide best practices.
- Transition and Monitor: Implement cryptographic management modernization and adopt iterative, adaptable regulatory approaches to remain resilient in the quantum economy.
This roadmap emphasizes adaptability, encouraging stakeholders to continuously refine their strategies as quantum technologies evolve.
The Path Forward: Collaboration as a Catalyst
The transition to a quantum-secure financial sector is not merely a technological shift but a comprehensive rethinking of how industries and regulators approach cybersecurity. The interconnected nature of global finance means that collaboration between mature and emerging markets is crucial to avoid vulnerabilities that could undermine the entire system.
Regulators and financial institutions must act with urgency. As Sebastian Buckup, Head of Network and Partnerships at the World Economic Forum, notes in the report:
“The quantum economy era is fast approaching, and we need a global public-private approach to address the complexities it will introduce. We welcome this opportunity to collaborate with the FCA to chart the roadmap for a seamless and secure transition for the financial services sector.”
Similarly, Suman Ziaullah, Head of Technology, Resilience, and Cyber at the FCA, emphasizes:
“Quantum computing presents considerable opportunities but also threats. The financial sector relies heavily on encryption to protect sensitive information, the exposure of which could cause significant harm to consumers and markets. Addressing this requires a truly collaborative effort to transition to a quantum-secure future.”
Global Impact: Ensuring Resilience in an Evolving Landscape
As quantum technologies mature, they will redefine the landscape of cybersecurity. The financial sector, as one of the most sensitive and interconnected industries, must prioritize preparedness to ensure stability, protect consumers, and maintain trust.
The Quantum Security for the Financial Sector: Informing Global Regulatory Approaches white paper offers an essential foundation for continued dialogue and action. By adhering to the guiding principles and roadmap outlined in the report, stakeholders can navigate this transformation with foresight and cooperation.
The full report, published by the World Economic Forum, highlights the need for a unified global approach to quantum security, serving as a rallying call for industry and regulatory leaders alike.
Source: World Economic Forum, “Quantum Security for the Financial Sector: Informing Global Regulatory Approaches”, January 2024.
The post Quantum Security and the Financial Sector: Paving the Way for a Resilient Future appeared first on News, Events, Advertising Options.
Dubai expo spices up regional organic products industry
DUBAI, UAE, Nov. 25, 2024 /PRNewswire/ — The 22nd Middle East Organic and Natural Product Expo 2024, which concluded in Dubai on Wednesday (Nov 20), succeeded in registering tremendous growth in terms of exhibitor as well as visitor numbers.
The expo featured more than 550 exhibitors, an 80% surge from the past year, and attracted 15,200 trade visitors, a 25% rise when compared to the past show, strengthening its position as the region’s biggest and most comprehensive organic and natural products event.
“We are thrilled to announce the successful conclusion of the 22nd Middle East Organic and Natural Product Expo 2024. This year’s event witnessed a remarkable growth in both the number of exhibitors and visitors, reflecting the increasing interest and commitment towards organic living. The Expo has delivered on its promise, providing exceptional value to all stakeholders involved. We extend our heartfelt gratitude to all participants, partners, and visitors for their unwavering support and contribution to making this event a tremendous success. Together, we are fostering a healthier, more sustainable future,” said Shinu Pillai, Exhibition Director of the Middle East Organic and Natural Products Expo.
From lively exhibitor stands to informative conference sessions and several special sessions such as Organic Super Kitchen, Beauty Corner, Yoga Extravaganza, a special pavilion for tea and coffee, Fresh Produce Pavilion, and Superfoods Pavilions, the Expo offered a comprehensive platform for visitors to explore everything natural and organic, spanning food and drink, living, health, nutrition, beauty & cosmetics and beyond.
The Sri Lanka Export Development Board, which successfully organised the Sri Lankan Pavilion at the Expo, received enthusiastic response. “Given the rising global demand for natural and organic products, our participation in the Expo was incredibly timely. We received an overwhelmingly positive response at the Expo so much so that we are already planning our participation in the next edition of the Expo,” said Ms Vinoka Perera, Assistant Director, National Organic Control Unit, Sri Lanka Export Development Board.
The Expo also witnessed the global debut of Malaysia External Trade Development Corporation’s (MATRADE) Malaysia International Halal Showcase, titled MIHAS@Dubai. “With its very first edition, MIHAS@Dubai provided us with direct access to the thriving Halal and organics industry in the region. Our collaboration with Middle East Organic and Natural Product Expo helped us further expand our reach and impact,” said Datuk Seri Reezal Merican Naina Merican, Chairman, MATRADE.
“We are excited about the new opportunities arising from our collaboration with the Middle East Organic and Natural Product Expo. MIHAS debut in Dubai within the expo allowed us to enhance our presence in the region,” said Datuk Mohd Mustafa Abdul Aziz, CEO, MATRADE.
“The inclusion of the world’s largest Halal fair added a new and exciting dimension to the Expo, enriching the experience for all attendees. This collaboration underscored our commitment to promoting sustainable and ethical practices in the organic and Halal industries,” said P Ravi, Director, Global Links Exhibition Organizers & Conferences, which organizes the organics expo.
Some of the first-time participants were in awe of the Expo. “The event was a remarkable experience for us, especially as it marked our first participation in an international fair. We received a significant number of enquiries, which exceeded our expectations and opened up new business opportunities for us,” said Patnaree Royruangpanich, Co-Founder & CMO, S&P Bioenergy Co., Ltd, Thailand.
The Agricultural and Processed Food Products Export Development Authority (APEDA), the nodal agency for the promotion of agricultural and processed food products exports from India, showcased India’s inherent advantage and strength in natural and organic products as part of the Indian Pavilion at the Expo. “We successfully organized a buyer-seller meeting during the event, which was instrumental in bringing buyers and sellers together,” said Ms Vinita Sudhanshu, General Manager, APEDA.
The participation by Uganda was aimed at exploring opportunities for Ugandan agricultural producers and distributors. “Uganda’s organic sector has tremendous potential for growth, and the Middle East Organic and Natural Products Expo became a vital platform for promoting Ugandan organic products,” said Hon. Lt. Col (Rtd) Bright Rwamirama, Ugandan Minister of State for Animal Industry.
Following the grand success of the 22nd edition, the 23rd Middle East Organic and Natural Products Expo 2025 is all set to be held from November 17 to 19 at Dubai World Trade Centre.
More information available at https://organicandnatural.com/
Contact: Jennie Robin
Phone: +971 4 8747 528
Email: [email protected]
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