Glass Frit and Paste Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global glass frit and paste market generated revenue of US$ 16,676.8 million in 2021 and it is estimated to reach a valuation of US$ 33,898.7 million by 2030 at a CAGR of 8.70% during the forecast period, 2022–2030.

Demand for glass frit and paste is growing rapidly across various sectors due to their unique properties and low cost. In particular, glass frit is becoming increasingly popular in the electronics industry because it offers high levels of performance at a lower cost. Additionally, the paste is being used more frequently in solar cells thanks to its ability to waterproof and bond together multiple layers of material.

The increasing production of electronics across the US, Europe, and China is one of the primary growth factors for glass frit and paste market. Today, a household utilises a wide range of electronics, including mobile phones, computers, televisions, and appliances for housekeeping like vacuum cleaners, washing machines, and refrigerators. Additionally, screen printing may give glass new purposes and value, transforming it into a versatile "canvas" for a range of mass-imaging industrial, commercial, and architectural applications. All these factors are expected to boost the global glass frit and paste market in the upcoming years.

The growing demand for glass frit and paste across electronics, semiconductors and solar cells is indicative of the continued growth of these materials in the industry. In particular, glass frit is seeing increased use in manufacturing solar cells as the material is a good conductor of electricity. This increase in demand has led to manufacturers investing more in production capabilities, which in turn has allowed them to lower production costs. Additionally, paste form of glass frit has seen increased usage due to its higher fracture resistance as compared to powder form. This trend is likely to continue as manufacturers strive to reduce the cost of their products while maintaining high levels of performance.

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Key Dynamics of Glass Frit and Paste Market

Drivers

Increasing Demand from Electronic Industry 

The use of glass frit for ceramic to ceramic bonding is thought to be a straightforward and reliable technology that is frequently employed for hermetic sealing of microelectronic packages because glasses have the potential to connect to ceramic due to the chemical compatibility between the two materials. Light, thin, short, and tiny devices with higher performance are strongly required in order to realise the shrinking of electronic devices and electronics components that are employed for 5G communications. Additionally, in order to stay up with the fast-paced IoT technologies, individuals must design these devices swiftly.

Laptops as electronic devices have grown to have the educational sector as the strongest customer in the glass frit and paste market. Due to the ongoing strong demand for work-from-home and online learning needs as the general public in many nations continued to observe safe distancing measures due to the pandemic's uncertainty, notebook shipments increased. The move towards more mobile use was already a feature of the market in 2019 and will continue into the near future in the glass frit and paste market. This increase in the usage of electronic devices altogether increasing the demand for the need of glass frits.

Growing Use of Ceramic Frit

Silk-screening ceramic frit onto the glass allows architects and designers to create exciting new designs for their projects using patterns and colours. Silk-screened glass can be used on a number of glass substrates, such as clear, low-iron, or coloured glass to reduce glare and sunlight transmission.

With screen printing, glass may be given new purposes and value, becoming a versatile "canvas" for a range of mass-imaging industrial, commercial, and architectural applications. Glass is a common, valuable, and long-lasting material. It can create a special kind of glass that has the strength, durability, and scratch resistance of safety glass. Screen-printed glass typically has acidic and moisture-resistant qualities, which can keep the colours vibrant for decades. Additional advantages of screen printing on glass include the ability to print on a range of glass thicknesses, on an infinite number of sizes, 3D objects, and uneven surfaces.

Restraint

Moisture Leaking from Surrounding Environment into the OLED Display

Glass frits and paste market is witnessing a high demand coming from the display of electrical gadgets. The largest obstacle to the commercialization of organic light-emitting diodes (OLEDs) is, however, the OLED display's deterioration. For a variety of internal and external causes, OLED degrades. The main sources of external degradation are the instability of low work function cathodes and pinhole development during manufacturing, which opens a conduit for oxygen and moisture infiltration. Since organic components are extremely sensitive to temperature, the temperature and packing methods are essential in the OLED packaging process. OLED components' light-emitting qualities and lifetime will degrade or be harmed as a result of the packaging process's high temperature requirements.

Trend

Use of Glass Powders in Industrial Settings

Glass waste is a major source of environmental contamination since it cannot be buried in low-lying areas. Recycling is one of the primary methods used to use this type of trash so that it can be safely converted. If glass powder is employed in the creation of concrete, the construction industry may become more environmentally friendly. Every year, tonnes of glasses are made in the global glass frit and paste market. Natural and non-renewable resources can be preserved by using glass, which can also be used as a suitable raw material. If glass powder is employed in the creation of concrete, the construction industry may become more environmentally friendly. 

Market Segmentation

Type Analysis

Based on type, up to sealing glass alone held more than 60% of market share in 2021 and is predicted to have a high sale by 2030. Fixing glasses are utilized to make solid airtight seals between clay, metal, and glass parts. They additionally offer protection from synthetic assault, solidness under warm cycling, and tuneable warm extension properties. Specific fixing glasses can be made to have other positive properties, including the capacity to be laser-reinforced, dependability under warm cycling, and protection from compound assault.

Glass frit holding is a broadly utilized innovation to cover and seal miniature electromechanical frameworks on the wafer level in the glass frit and paste market. The fundamental benefits are astounding airtight fixing, high cycle yield, lower pressure at the holding connection point, and the chance of integrating metallic lead-through, high holding strength, and great unwavering quality. The glass frit goes about as a planarizing and fixing interlayer between the two wafer surfaces to bond. 

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Application Analysis

Based on application, a significant share of the glass frit and paste market has been occupied by electronics segment and is expected to grow at the highest CAGR in the market during the forecast period. The glass frit materials are mainly used in electronics applications for insulation, hermetic sealing, and protection purposes. The materials used in the market were alumina substrate and bismuth-based glass frit paste.

Glass frit is an essential constituent for silver glue to electrically contact to sun-based cells, in light of the fact that the frit assumes a part of punching through passivation layers during terminating and assisting the silver with making conductive passes between the silver metallization and the producer of the phones in glass frit and paste market. Glass frit bonding is a widely used technology to cap and seal micro-electromechanical systems on the wafer level using a low melting point glass on structured capping wafers, mostly made from silicon. 

Geographical Analysis

Europe is expected to expand at a high CAGR between 2022 and 2030 in the global glass frit and paste market. It is the world's biggest producer of glass with a market share of around one third of total world production. The industry is known for the quality of its products, its capacity for technological innovation, and its skilled labour force. The European production level still maintains the EU as one of the largest glass producers in the world with China and North America. Germany remains the EU’s biggest producer with about a significant of the volume, closely followed by Italy, France, Spain, UK and Poland.

North America’s consumer electronic industry is mature and technologically developed. With the advancing technology, the trend of smart offices and smart homes is augmenting the demand for consumer electronics products such as smart TV, smart refrigerator, smart air conditioners and more hence the regions occupies a low share in the glass frit and paste market.

In 2021, the Asia Pacific dominated the global market. This is due to the high population concentration coupled with rapid industrial and economic growth has provided the region with increasing product demand. Asia Pacific is also the world's biggest market for semiconductors, accounting for 60% of global semiconductor sales, within which China alone accounts for over 30%.

Top Players in Glass Frit and Paste Market

Nippon Electric Glass, SCHOTT AG, Central Glass, The 3M Company, and Ferro Corporation are some of the key players in the global market. 

In 2021, the top five players held around 50-60% share of the global glass frit and paste market. The market scenario is projected to change in the years to come with the entry of new players and growing market share of existing small and medium size players. 

However, the top players in the global glass frit and paste market are taking every possible step to keep their dominance by employing a range of tactics and growth strategies. Companies are concentrating on developing their new product developments and enhancements to fulfil the needs of specific consumers while studying new generations of materials with innovative surface effects that are of interest to medical devices and equipment.

List of Key Companies Profiled:

• Nippon Electric Glass
• Mo-Sci Corporation
• Elan Technology
• 3M
• SCHOTT AG
• Johnson Matthey
• Central Glass
• Tomatec America Inc
• Saida Glass Co. Ltd
• Ferro Corporation
• YEK Glass
• Sekiya Rika Co., Ltd
• Supreme Glazes Private Limited
• Other Prominent Players

Key Developments:

• In November 2021, the acquisition of Johnson Matthey's ("JM") Advanced Glass Technologies ("AGT") business, a top global supplier of specialised glass enamels and precious metal pastes primarily supplied to the automotive sector, announced by Fenzi Holdings SPV S.p.A., a leading chemical company in the glass processing industry. AGT's aim to be the biggest and most comprehensive partner for the global glass industry aligns nicely with their leadership in glass enamels for the automotive and industrial sectors. Through this relationship, they may reach a global client base with fresh, cutting-edge technologies.
• In October 2021, SCHOTT AG introduced Xensation (Alpha), a lithium alumino borosilicate (LABS) cover glass that has been chemically reinforced and is created and produced to compete with the top smartphone cover glasses in the world. New vivo high-end flagship cell phones will sport the new high-performance cover glass. The semimetal boron is added to the usual components of lithium and aluminium in the new LABS glass invention. The advantages that follow lead to the creation of a highly effective premium smartphone cover glass. SCHOTT and vivo have enjoyed a close and reliable cooperation. Future flagship devices from vivo will be the first to use the revolutionary Xensation cover glass.

Segmental Overview

(Note*: We also provide granular level reports, made to sub-segment level or only for niche segments. Contact us, if you require more details.)

By Type

• Sealing Glass
• Solder Glass
• Others

By Application

• Solar & Fuel Cells
• Semiconductors
• Electronics
• Others
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa