News
Stay Ahead with the Latest Industry Trends & Market Insights with Industry News 📰

Low Temperature Sealing Glass Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: January 2024 || SKU: MA7501
excelpdfpowerpoint
180 pages
Report Summary
Table of Contents
List of Tables & Figures
Get Free Sample

See how US Tariffs impact Low Temperature Sealing Glass Market

Don’t get caught off guard! See wh

Global Low-Temperature Sealing Glass Market is Segmented By Product (Borosilicate Glass, Phosphate Glass, Silicate Glass), By Temperature (Below 430°C, 430°-500°C, Above 500°C ), By Distribution Channel (Direct Sales, E-Commerce, Retail Stores, Others), By Application (LED & OLED, Electronics and Semiconductors, Home Appliances, Automotive, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Low-Temperature Sealing Glass Market Overview

Global Low-Temperature Sealing Glass Market reached US$ 139.3 million in 2022 and is expected to reach US$ 217.6 million by 2031, growing with a CAGR of 6.40% during the forecast period 2024-2031.

The market continues to be driven by the healthcare industry, which anticipates a rise in demand for low-temperature sealing glass in pharmaceutical packaging, medical devices and diagnostic equipment. The industry's usage of specialist glass materials is further enhanced by the research and manufacture of vaccines and biopharmaceuticals.

Low-temperature sealing glass has developed new potential as a result of the globally trend towards sustainable energy solutions including photovoltaic devices, solid oxide fuel cells and other renewable energy technologies. The glass materials play a vital role in the sustainability and efficiency of clean energy solutions by sealing and shielding important parts of energy systems.

Europe is among the growing regions in the global low temperature sealing glass market covering more than 1/3rd of the market. High-tech sectors including electronics, semiconductor manufacturing and healthcare are strongly represented throughout Europe. Reliable low-temperature sealing glass is required by these industries for uses such as the hermetic packaging of medical devices and electrical components.

Low-Temperature Sealing Glass Market Scope

Metrics

Details

CAGR

6.40%

Size Available for Years

2022-2031

Forecast Period

2024-2031

Data Availability

Value (US$) 

Segments Covered

Product, Temperature, Distribution Channel, Application and Region

Regions Covered

North America, Europe, Asia-Pacific, South America and Middle East & Africa

Fastest Growing Region

North America

Largest Regin

Europe

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

For more details on this report Request for Sample

 

Low-Temperature Sealing Glass Market Dynamics

Innovations for Sustainable and Renewable Energy Technologies

The demand for low-temperature sealing glass is being fueled by the increased focus on green initiatives and renewable energy technology. The effectiveness and environmental friendliness of renewable energy solutions can be significantly improved by utilizing a specific type of glass that plays a crucial role in sealing and protecting vital components of energy systems. The low-temperature sealing glass market is poised for growth due to the increasing demand for renewable energy solutions, which is being propelled by global initiatives to combat climate change and reduce carbon emissions.

As an example, in 2023, Electro Ceramic Industries (ECI) acquired United Glass to Metal Sealing, Inc., a company based in Lawrence, Massachusetts. The acquisition was made with the goal of expanding the range of glass-to-metal seal products available to their clients. ECI continues to strive to expand its product portfolio. With a range of applications, glass-to-metal seals are available from United Glass thanks to our advanced manufacturing procedures and technical proficiency.

Innovation in Healthcare and Medical Technology

The low-temperature sealing glass market is expected to increase significantly due to developments in healthcare and ongoing innovation in medical technology. In the healthcare industry, low-temperature sealing glass is essential for a number of applications, including pharmaceutical packaging, diagnostic tools and medical devices.

The process is essential to preserve the sterility and integrity of delicate components in these crucial locations. Specialized glass materials are becoming more and more in demand as the healthcare sector advances in areas like biopharmaceuticals, customized medicine and telemedicine. The is creating a significant and sustained market increase.

For Instance, in 2021, The Heraeus Group is a global family-owned portfolio business that has acquired ETS Technology Holdings LLC, a developer of wound care technology and Mo-Sci Corporation, a global leader in the supply of medical and specialty glass. Through the acquisition of Mo-Sci and ETS, we are better equipped to assist our clients in delivering cutting-edge medical treatments and cutting-edge technology that will enhance patient outcomes.

Regulatory and Environmental Restraints

The market for low-temperature sealing glass has also been restricted by stringent regulations and environmental concerns. Reducing the use of dangerous compounds like lead in glass compositions and promoting eco-friendly materials are the goals of several governments and organizations. Adhering to these environmental regulations frequently calls for substantial R&D expenditures and might raise production prices, which would hinder market expansion.

The costs associated with compliance may further strain the financial stability and resources of enterprises. However, these difficulties, these actions are crucial to ensuring the sustainability and safety of low-temperature sealing glass products and are in line with international initiatives to lessen the environmental effects of diverse sectors.

Concerns from Alternative Materials

Low-temperature sealing glass producers face a great deal of competition from alternative materials such as ceramics, polymers and other sophisticated materials. In terms of their characteristics, adaptability and uses, these substitute materials have been improving. Ceramics, for instance, are ideal for use in situations where low-temperature sealing glass may not be the most suitable choice due to their exceptional high-temperature resistance and robustness.

Additionally, certain applications may require alternative materials that better align with their specific requirements. Manufacturers of low-temperature sealing glass need to constantly develop and set themselves apart from their competitors. Cut costs and raise product quality, this may entail creating novel glass compositions, strengthening sealing qualities or optimizing the production process.

Low-Temperature Sealing Glass Market Segment Analysis

The global low temperature sealing glass market is segmented based on product, temperature, distribution channel, application and region.

Increasing Phosphate Glass used in Electrical devices

The phosphate glass segment is among the growing regions in the global low temperature sealing glass market covering more than 1/3rd of the market. The market for low-temperature sealing glass globally is becoming more and more dependent on phosphate glass. A great option for applications in sensors, optical fibers and telecommunications, phosphate glass shows outstanding transparency in the near- to mid-infrared range.

Phosphoglass is now widely used in a variety of industries, such as electronics, healthcare and military, because of its special combination of features. The growing demand for sophisticated optical and electrical devices is another factor propelling the use of phosphate glass. Phosphate glass, for instance, is used in medical imaging devices including endoscopes and sensors in the healthcare industry.

Low-Temperature Sealing Glass Market Geographical Share

Increasing Demand in the Semiconductor and Electronics Industries in Europe

Europe has been a dominant force in the global low temperature sealing glass market and the increasing demand in the semiconductor and electronics industries. For the hermetic sealing of delicate electronic components, such as sensors and microelectromechanical systems (MEMS), low-temperature sealing glass is essential. Low-temperature sealing glass is being more widely used in a variety of technical applications, which is helping the market develop.

For Instance, in 2022, Dellner Glass Solutions has taken on the responsibility for the design, manufacturing and marketing of museum display cases from Armour Systems Ltd, extending their reach to UK and mainland Europe. Under the Dellner Glass Solutions brand, they will create and distribute Armour Systems' popular exhibit lines, which include Nova, Vision and Proframe.

This demand is especially noticeable in nations leading the way in the development of renewable energy technologies, such as Denmark and Germany. The priority on pharmaceutical and healthcare technologies is a major element driving the low-temperature sealing glass market's expansion in Europe. In terms of medical advancement and research, the area has led to success.

For Instance, in 2022, A European investor completed the acquisition of a West Yorkshire glass specialist, with guidance from Azets, an accountancy and business advisory firm. The acquisition involved AEQUITA securing 100% of the regular shares in Dual Seal Glass, marking their third glass operations purchase in Europe within the past three years. The follows previous acquisitions of Glassolutions Nederland from Saint-Gobain in 2019 and Saint-Gobain Glassolutions Objekt-Center last year.

COVID-19 Impact Analysis

The low-temperature sealing glass sector has been impacted by the COVID-19 epidemic in a number of ways. First, the pandemic caused severe delays and shortages of essential ingredients required for the manufacturing of low-temperature sealing glass by upsetting supply chains.

The introduction of lockdowns and limitations by several nations aimed at curbing the spread of the virus presented issues for manufacturers seeking to get raw materials and components from different locations. In addition to raising manufacturing costs, this disruption made it more difficult to satisfy the rising demand for low-temperature sealing glass in sectors including electronics, pharmaceuticals and medical equipment.

Furthermore, the pandemic modified consumer preferences and behaviors, which in turn changed market dynamics. The pandemic-induced surge in demand for medical and healthcare products, including vaccine storage and testing equipment, boosted the requirement for low-temperature sealing glass.

Because of came to vaccinations and other medical supplies, it became imperative to employ this type of glass in vials and storage containers. The output of certain manufacturers was shifted to concentrate on healthcare-related applications due to the shift in demand patterns. It may have a long-term effect on the strategic orientation and product development of the sector.

Furthermore, the low-temperature sealing glass market has been impacted by the pandemic's economic effects, which include decreased consumer spending and interruptions to many businesses. Financial and budgetary restraints were experienced by many manufacturers and end users, which caused them to reevaluate their spending and investment decisions.

Russia-Ukraine War Impact Analysis

The low-temperature sealing glass industry globally has been significantly impacted by the crisis between Russia and Ukraine. For the production of low-temperature sealing glass, Ukraine is a major supplier of premium raw materials including boron and other minerals. The essential components have experienced shortages and price increases as a consequence of disruptions in the supply chain caused by regional conflicts and geopolitical tensions in the area.

This situation has presented a significant challenge for low-temperature sealing glass manufacturers on a global scale. It is grappling with escalated production expenses and supply shortages, which, in turn, have pushed up the prices of sealing glass products. The has affected the electronics and healthcare sectors, which are dependent on low-temperature sealing glass, by raising material costs and perhaps delaying production.

In addition, the volatility in the area has made international commerce insecure, which has repercussions for the world economy. In an effort to reduce geopolitical risks, several businesses have started reassessing their supply chains, looking for other raw material suppliers and thinking about localizing production. The current dispute between Russia and Ukraine is having a significant impact on the global low-temperature sealing glass market.

Key Developments

  • On February 03, 2023, Mo-Sci, a prominent developer and manufacturer of advanced high-tech glass, completed the acquisition of 3M's Advanced Materials business (formerly known as 3M Ceradyne), located in Seattle, Washington. The acquisition encompasses more than 350 specialized equipment pieces and all associated intellectual property.

Competitive Landscape

The major global players in the market include Nippon Electric Glass Co., Ltd., NAMICS Corporation, Ferro Corporation, SCHOTT, YEK Glass, AGC Corporation, Corning Incorporated, Saint-Gobain, Dow and Pilkington.

Why Purchase the Report?

  • To visualize the global low temperature sealing glass market segmentation based on product, temperature, distribution channel, application and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development. 
  • Excel data sheet with numerous data points of low temperature sealing glass market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players. 

The global low temperature sealing glass market report would provide approximately 69 tables, 70 figures and 186 Pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
Buy this report
Single User
$4350$3480
Multiple User
$4850$3880
Enterprise User
$7850$6280
Proceed to Buy
  Get Free Sample
  Customize Sample
  Demo Full Report
Chat on WhatsApp
Related Reports
materials iconmaterials

Antibacterial Glass Market Size, Share, Industry and Outlook (2024-2031)

Published: 2024 January 08

Starting from

$4350

materials iconmaterials

Impact Resistant Glass Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 January 25

Starting from

$4350

materials iconmaterials

Advanced Glass Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 January 25

Starting from

$4350

materials iconmaterials

Bullet Proof Glass Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 December 26

Starting from

$4350

materials iconmaterials

Fire Resistant Glass Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 January 25

Starting from

$4350

materials iconmaterials

Scratch Resistant Glass Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 February 16

Starting from

$4350

WhatsApp