Borosilicate Glass Market size is valued at USD 2,327.3 million in 2021 and is expected to grow at a CAGR of 7.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Borosilicate Glass market, and that can be segmented by product type, by application, by sales channel, and by end user. By product type, the Borosilicate Glass market has been segmented into Non- Alkaline- Earth Borosilicate Glass, Alkaline-Earth containing Borosilicate Glass, and High-Borate Borosilicate Glass. The non-alkaline-earth borosilicate glass segment is likely to be the largest and fastest-growing segment in terms of product type. The rise of this segment is mainly due to the advantages offered such as chemical and thermal resistance, flawless light transmission, and surface performance. The product is gaining significant traction for glass tubing, piping, glass containers, and flasks. The product is expected to experience considerable demand from the chemical industry, thus, firming the segmental growth in the forecast period. Based on Application, the Borosilicate Glass market is segmented into Solar panels, pharmaceutical packaging material, Laboratory glassware, Heat-resistant glass cookware, and Heat resistant glass panels. Among these, the laboratory glassware segment is expected to have a significant growing market during the forecast period 2022-2028. The major factor for the growth of this segment is the extensive use of borosilicate glass in various types of laboratory equipment owing to its thermal and chemical resistance and great optical clarity. Based on the sales channel, the Borosilicate Glass market is segmented into Direct and Distribution. The distribution segment is expected to have a significant share in 2021. Based on the end user, the Borosilicate Glass market is segmented into Medical & Healthcare, Electronics, Fiber Optics, and Others. The electronics segment is expected to have a significant share in 2021. The rise of this segment is mainly because of increased usage of electronic devices and growing disposable income.
In October 2020, Credence MedSystems collaborated with SCHOTT AG to offer pharmaceutical companies good delivery services.
In August 2021, BBH India and Borosil launched a new campaign to potray the exclusive benefits of the iconic borosil vision range.