The global Low Iron Glass market was valued at 197.4 Million USD in 2021 and will grow with a CAGR of 5.53% from 2021 to 2027, based on newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Low-iron glass is a type of high-clarity glass that is made from silica with very low amounts of iron. This low level of iron removes the greenish-blue tint that can be seen especially on larger and thicker sizes of glass. Low-iron glass is used for Architectures, display cases, some Furniture, and other applications where clarity is desired.Low iron glass can be used in many fields, including photovoltaic, furniture, architecture and others. In Europe and North America, low iron glass is wildly used in furniture and architecture fields. Globally, photovoltaic consumed 846.96 K MT of low iron glass in 2017. Furniture and architecture separately consumed 780.94 KMT and 645.27 K MT in 2017. Low iron glass manufacturers are distributed all over the world. Global major suppliers include, Vitro Glass, Guardian Glass, Saint-Gobain, Pilkington, Euroglas, Asahi Glass, Jinjing Glass, Yaohua Pilkington, CSG Holding, Taiwan Glass, Xinyi Glass and Ancai Hi-tech etc. Vitro Glass is market leader in this industry. In 2017, Vitro Glass sales amount share is 10.63%. Geography, low iron glass market is mainly concentrated in Europe, North America and China. Driven by photovoltaic industry and real estate industry, China is the largest consumption region with consumption share of 34.17% in 2017.
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