Glass Seal Market Definition & Introduction:
Glass Seals completely isolate the outside environment from what is hermetically (preventing the passage of air, oxygen, or other gases) sealed inside. These seals are meant to have zero porosity, so there is no leakage even at a molecular level. Good seals require a chemical bond between the glass and metal or with the object glass is sealed with.
Powerful bonds between airtight or hermetic materials are crucial for seals. Typically, material used to isolate electrical paths is either glass or a glass-ceramic composite. A robust seal requires a strong chemical bond between the glass-ceramic and the metal and a near match between materials with the coefficient of thermal expansion (CTE).
Glass seals have ability to withstand high temperatures and pressures resulting in their extensive applications in various industries such as fuel cells and aerospace or defense applications that function in extreme environments.
The global glass seal market is expected to grow at a rapid pace in the forecast period, owing to increasing demand from fuel cell manufacturing, RFID transponder manufacturing in automobile industry, aeronautics and defence, etc.
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Glass Seal Market: Dynamics
The key industrial sectors driving the global glass seal market are automotive, consumer electronics, aeronautics and Defence. Automotive electronics provide greater vehicle comfort, protection and safety. In addition, a rising customer preference for technologically advanced vehicles is expected to increase the demand for automotive electronics. Subsequently, increasing the demand for glass seal for various automotive components such as the airbag initiator, crash sensor, etc.
Since it’s a new technology, it is expected to have vast opportunities ranging from cost effective substitute for traditional seals, optical interface and works well in extreme conditions.
Electronic devices having glass seals provides an optical interface and enable working pf the devices in harsh environments such as high pressure and temperatures, as well as in the vicinity of aggressive chemicals. On the back of various advantages provided by glass seal, the adoption of glass seals is witnessing a significant surge. Correspondingly, ascending the Glass Seal market growth during the forecast period.
Leading market participants operating in global Glass Seal market are significantly investing in research and development activities for innovations in their product ranges to provide high efficiency products at lower costs. Moreover, they are poised for establishing long term partnerships with regional suppliers and distributors in order to improve their channel reach.
The high cost of glass seals compared with the conventional metal or composite seals is one of the restraining factor affecting the glass seals market growth. Moreover, the stringent regulations for applications in aeronautics and defence industry might hamper the growth in demand for glass seals.
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Glass Seal Market: Segmentation
The Glass Seal market can be segmented based on product type and by industry
Based on the Product Type, the prominent segments of Glass Seal are identified as:
- Low Temperature Sealing Glass
- High Temperature Sealing Glass
Based on the End Use Sector, the prominent segments of Glass Seal are identified as:
- Oil & Gas, Power Generation
- Electronics & Semiconductor
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COVID-19 crisis impact
The ongoing COVID-19 pandemic crisis has impacted all industry verticals resulting in subdued capital investments, retardation of production rate and supply to end procurers. The Glass Seal industry is no exception and is estimated to witness significant dent in the growth rate in the current financial year. The shutdown of manufacturing plants coupled with supply chain disruption caused by transport regulations across the globe has resulted in substantial plunge in the growth of glass seals market. However, with the economic and industrial activities resuming the glass seals market is also expected to recover with a moderate rate post the containment of pandemic.
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Industrial manufacturing to be major contributor
In terms of end use sector, industrial manufacturing and defence segment are considered to be the major contributors to demand generation and subsequent growth of the Glass Seal market. Manufacturers are poised for developing tailor-made sealing solutions as per consumer demand.
Moreover, glass seals have substantial adoption in consumer electronic equipment. As a result, rapidly growing electronics and semiconductor industry is also expected to create high growth virtues for growth in demand for glass seals during the forecast period.
The increasing demand for safety and maintaining technological configuration in electronics and semiconductor components is propelling the glass seal market. In addition, the rising prominence of electric vehicles around the world of which the main component battery requires glass seal for temperature control, electrical insulation and flexibility of composition will uplift the demand for Glass Seals over the coming years. Manufacturers are focused on development of innovative technologies in order to provide highly reliable products for the customer specific requirements. Moreover, establishing long term partnerships with key end users and regional suppliers are estimated to play pivotal role in the market growth.
Glass Seal Market: Regional Outlook
North America is expected to lead the market in terms of market value share owing to substantial increase in electronic, aerospace and defence industries in the U.S. Furthermore, prevalence of large number of manufacturers in the region also fuels the market growth in the region.
Asia Pacific is also expected to hold prominent market share owing to the presence of major electronics industry in the countries from the region such as China, Japan, South Korea, Taiwan, etc. Furthermore, leading global manufacturers are poised for shifting their manufacturing bases in the region in order to be in close proximity of the customers.
Europe is expected to witness substantial growth rate during the forecast period. The growth is attributed to the increasing prominence of electric cars in the countries such as Germany, U.K., etc.
Glass Seal Market: Market Participants
List of some of the prominent market participants in Glass Seal market are:
- KYOCERA Corporation
- EGIDE Group
- SGA Technologies
- Elan Technology
- Specialty Seal Group
- Nippon Electric Glass
“The research report on Glass Seal market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Glass Seal market report also contains projections using a suitable set of assumptions and methodologies. The research report on Glass Seal market provides analysis and information according to market segments such as of product type, by installation and by material and by application.
The Glass Seal market report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
- South Asia (India, ASEAN, Rest of South Asia)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
- Oceania ( Australia, New Zealand)
The Glass Seal market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Glass Seal market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Glass Seal market report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing Glass Seal market dynamics in the industry
- In-depth Glass Seal market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Glass Seal market performance
- Must-have information for Glass Seal market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company