Glass Manufacturing Market (By Product Type: Flat glass, Container glass, Fiber glass, Specialty glass; By End Use: Packaging, Automotive & transportation, Construction, Telecommunication, Electronics, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027
The global glass manufacturing market is anticipated to grow at a CAGR of around 4.0% during the forecast period 2020 to 2027 and to reach around US$ 333 Bn by 2027.
Market Dynamics
Flourishing construction sector across the global, increasing construction and reconstruction activities, and developing architectural framework is resulting in demand for glasses with high strength, durability, and improved efficiency are major factors expected to drive the growth of global glass manufacturing market. Government is spending high on the development of infrastructure which is resulting in new construction activities and reconstruction of old infrastructure. Player are adopting glass in commercial and residential building construction due to their benefits such as better transparency, more aesthetic looks and better efficiency. Major players are investing high on product development and are focused providing glass with improved efficiency.
- In 2019 Vitro Architectural Glass introduced Acuity glass that is formulated to enhance the energy performance of commercial buildings. When paired in a standard one-inch insulating glass unit with Solarban 60, Solarban 67, Solarban 72, Solarban 90 or Solarban R100 glasses, Acuity glass can achieve visible light transmittance (VLT) of up to 73 percent and solar heat gain coefficients (SHGCs) ranging from 0.23 to 0.41.
Major players are focused on increasing the business presence through strategic merger and acquisitions as this is expected to help the company enhance the customer base and to strengthen its position in the global market.
- In 2020, Saint-Gobain acquired the Continental Building Products company this acquisition will help the company to enhance the customer base in the US market and increase the product portfolio.
However, high manufacturing cost and threat of other alternatives are factors expected to hamper the growth of global glass manufacturing market. In addition, fluctuating raw material prices is expected to impact the cost of end products further challenging the growth of global market.
Product development activities by the major players and innovative product offerings are expected to create new opportunities for players over the forecast period. In addition, major player’s inclination towards emerging economies in order to track the untapped market is expected to further support the revenue traction of the target market..
Glass Manufacturing Market Segment Analysis, 2019
The global glass manufacturing market is segmented in to product and end use. The product segment is bifurcated into flat glass, container glass, fiber glass, and specialty glass. Among end use the construction sector is expected to account for significant revenue share in the global market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share owing to high government spending on development of infrastructure. In addition, presence of major players operating in the country and innovative product offerings are expected to further support the growth of target market.
Asia Pacific is expected to witness faster growth in the near future owing to high demand for glass from automotive and construction sector. In addition, increasing merger and acquisition activities between regional and international players is expected to further support the growth of target market.
Competitive Landscape
Presence of large number of players operating on regional and international level is increasing the competition. In addition, business development activities and introduction of new apps and payment system are factors further augmenting the market competition.
Report coverage
|
Market |
Global Glass Manufacturing Market |
|
Analysis Period |
2016 – 2027 |
|
Base Year |
2019 |
|
Forecast Data |
2020 – 2027 |
|
Market Stratification |
Product Type, End Use and Geography |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
The market research study on “Glass Manufacturing Market (Product Type: Flat glass, Container glass, Fiber glass, and Specialty glass; End Use: Packaging, Automotive & transportation, Construction, Telecommunication, Electronics, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global glass manufacturing market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global glass manufacturing market segment by product type, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global glass manufacturing market size and segment markets by product type, end use and geography along with the information on companies operating in the market. The glass manufacturing market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report AGC Inc., Vitro, Vetropack Holding AG, Nippon Electric Glass Co., Ltd., Central Glass Ltd., Corning Incorporated, NSG Group, Schott A.G, Coorstek Group, Morgan Advanced Materials, Guardian Glass LLC, AIS Glass, Saint-Gobain S.A., China Glass Holdings, and Kyocera Corporation.
Market Segmentation
Market By Product Type
- Flat glass
- Container glass
- Fiber glass
- Specialty glass
Market By End Use
- Packaging
- Automotive & transportation
- Construction
- Telecommunication
- Electronics
- Others
Market By Region
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
What will be the value of glass manufacturing market in the forecast period 2019 to 2026?
According to Acumen Research and Consulting, the glass manufacturing market value is anticipated to be worth around US$ 333 billion in 2026.
At what CAGR is the glass manufacturing market projected to grow during 2019 to 2026?
The glass manufacturing market is anticipated to grow over 4% CAGR during the forecast period 2019 to 2026.
Which major factors expected to drive the growth of global glass manufacturing market?
Flourishing construction sector across the global, increasing construction and reconstruction activities, and developing architectural framework is resulting in demand for glasses with high strength, durability, and improved efficiency are major factors expected to drive the growth of global glass manufacturing market
Which sector is expected to account for significant revenue share in the global glass manufacturing market, by end use?
By end use the construction sector is expected to account for significant revenue share in the global market.
Which region is expected to account for major revenue share?
The market in North America is expected to account for major revenue share owing to high government spending on development of infrastructure.
Which region is expected to witness faster growth for glass manufacturing market?
Asia Pacific is expected to witness faster growth in the near future owing to high demand for glass from automotive and construction sector.
Which are the key players operating in the glass manufacturing market?
The players profiled in the report AGC Inc., Vitro, Vetropack Holding AG, Nippon Electric Glass Co., Ltd., Central Glass Ltd., Corning Incorporated, NSG Group, Schott A.G, Coorstek Group, Morgan Advanced Materials, Guardian Glass LLC, AIS Glass, Saint-Gobain S.A., China Glass Holdings, and Kyocera Corporation.
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