Sustainability as a growth driver
Increasingly, glass is helping to provide sustainable solutions in the automotive, construction and renewable energy sectors that are reducing the impact of climate change.
For example, usage of glass fibre-based materials is rising in the automotive industry. This strong, but lightweight, material is being adopted to reduce vehicle weight, helping automakers to meet fuel economy targets and tightening emissions standards across the world.
Fibreglass is also used in construction as an insulating material to reduce heat loss. The renewable energy sector relies on high-quality glass components for photo voltaic (solar) panels and high-quality fibreglass to make wind turbines.
Platinum demand from the glass sector has averaged c. 200 koz per annum over the last five years. As a result of renewable energy trends, glass-manufacturing capacity is forecast to increase, driving growth in platinum demand.
Platinum is an in-demand industrial commodity in glass making and beyond, and the breadth of its applications continues to grow. It is increasingly being recognised as an effective investment asset, delivering demonstrable diversification benefits in a private portfolio or pension plan.