Investments & Expansions was the Key Development Strategy Adopted by Leading Players to Achieve Growth in the Impact Resistant Glass Market
Impact resistant glass products have various applications, due to their versatile properties. Impact resistant glass products are reliable, have an aesthetic appearance, act as barriers to sound & heat, and offers weight reduction. In the past few years, the use of impact resistant glass products has increased in construction & infrastructure and automotive & transportation end-use industries. The impact resistant glass market is projected to reach USD 29.18 Billion by 2022, at a CAGR of 7.8% between 2017 and 2022.
Key companies offering impact resistant glass products adopted investments & expansions and merger & acquisitions as key strategies to strengthen their position in the impact resistant glass market. Investments & expansions accounted for a share of 61.5% of all the growth strategies adopted by major leading companies from 2014 to 2017. Leading companies adopted these strategies to improve their distribution channel, increase their presence in developed and emerging countries, and meet customer demands. Companies also adopted the strategy of partnerships, joint ventures & agreements to expand their product reach globally and take advantage of competencies of other companies to compete in the market.
Merger & acquisition accounted for a share of 23.1% of all the developments in the impact resistant glass market from 2014 to 2017. Companies adopted this strategy to increase their product portfolio, enhance their distribution network, and diversify their product portfolio and gain access to new and high potential markets. Leading companies are acquiring small impact resistant glass manufacturing companies in emerging regions to expand their reach, globally.
Major impact resistant glass manufacturers profiled in this report are Asahi Glass (Japan), Nippon Sheet Glass (Japan), Saint-Gobain (France), Guardian Industries (US), and Taiwan Glass (Taiwan).
Asahi Glass is one of the key manufacturers of impact resistant glass. The company offers impact resistance automotive and architectural glass products. The company has increased R&D investments year-on-year to develop new products, new production capabilities, and processes. As a part of its growth strategy, the company is focused on investments & expansions and mergers & acquisition to cater to the increasing demand for impact resistant glass in specific applications and gain a competitive edge in the market. For instance, in May 2017, the company has invested in its subsidiary, Greenfield Automotive Glass Plant (India) to increase its impact resistant glass manufacturing capacity.
Nippon Sheet Glass is headquartered in France and has a global presence with joint ventures & subsidiaries. The company is primarily engaged in manufacturing impact resistance glass and glazing products for the architectural and automotive glass sectors. It manufactures glass products mainly under the brand name, Pilkington. Its major fabrication facilities are in Japan and China. The company has captured major market share in the building and automotive product segments. The company is conducting research for the development of new products for different application segments and is striving to provide the highest quality products. For instance, in February 2017, the company invested USD 7.5 million in its automotive glass plant in the US to attain significant technologies and upgrade its laminated windshields.
Related Reports:
Impact Resistant Glass Market by Interlayer (Polyvinyl Butyral, Ionoplast Polymer, Ethylene Vinyl Acetate), End-Use Industry (Construction & Infrastructure, Automotive & Transportation), and Region - Global Forecast to 2022
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