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The market for flat glass used for radiation shielding is forecast to grow at a CAGR of 13.6% through 2020.

 

The global primary flat glass market is estimated to reach $49.8 billion in 2015, and grow at a CAGR of 5.9% during the next five years. Flat glass includes three main categories based on manufacturing process: float, sheet, and rolled.

 

The main applications for flat glass are within the following industry segments: construction (windows, facades and doors), transportation (windshields and windows for vehicles), electronics (primarily displays for computers and portable devices), and energy (thermal panels and solar cells).

 

Other applications include household goods (furniture, appliances, and decorative panels, such as picture framing), vision devices (eyewear and night vision systems) and specialty glass.

 

There are several types of flat glass that are projected to grow at a CAGR greater than 5.9%, including  security and safety glass, solar control glass, self-cleaning glass, smart glass, and glass for heads-up display windshields, which are estimated to have a CAGR between 7% and 10% during the next five years.

 

Another relevant type is radiation shielding glass (RSG). It is primarily used to protect from X-rays and gamma-rays in laboratories, hospitals, medical and dental offices, nuclear plants, radioactive storage stations, and airport security settings. RSG is typically characterized by a higher lead content and glass thickness compared to other types of flat glass, although, in recent years, many R&D activities have been aiming at the development of lead-free RSG

 

The global market for radiation shielding glass currently represents a very small share of the total flat glass market. It is estimated to reach $110 million in 2015 but is forecast to grow at a robust CAGR of 13.6% through 2020, representing one the fastest growing segments within the flat glass industry.

 

 


Global Market for flat glass by sector, 2015 through 2020. 


Market Segment

Revenues ($ Billions)

CAGR%

2015-2020

2015

2020

Construction

 23.1

28.8

4.5

Transportation

 13.7

18.6

6.3

Electronics

   7.6

 11.5

8.7

Energy

   3.6

   5.2

7.8

Others

   1.8

    2.1

3.1

Total

49.8

  66.2

5.9


Source: AMG NewTech

 

 

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Keywords: flat glass, radiation, shielding, glass, market 

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