The Glass Manufacturing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Glass Manufacturing Global Market Report 2024, The glass manufacturing market size has grown strongly in recent years. It will grow from $171.64 billion in 2023 to $181.14 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to rise of glass recycling, cultural and decorative trends, innovations in insulation and energy efficiency, health and safety regulations, glass in electronics and displays.
The glass manufacturing market size is expected to see strong growth in the next few years. It will grow to $224.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to smart glass evolution, energy efficiency and green materials, urbanization and infrastructure development, electronics and displays market expansion, advancements in automotive glass. Major trends in the forecast period include consumer preferences and decor trends, rise in automotive sector, customization and design flexibility, urbanization and infrastructure growth, electronics and display industry demand.
Increasing demand for consumer electronics and large-scale investments in infrastructure development is expected to propel the glass manufacturing market. The current digital revolution is causing an increase in the use of electronic devices. The country’s growing middle-class population, rising disposable incomes, and falling electronics prices contribute to the market’s growth. Additionally, there has been an upsurge in infrastructure activities due to the relaxation of lockdown and this elevates economic growth quality by enhancing innovation capacity and improving the industrial structure. For instance, in April 2022, a report published by India Brand Equity Foundation stated that the consumer electronics and appliances industry is expected to grow more than double to $21.18 billion by 2025, from $9.84 billion in 2021. In addition, a report by India Brand Equity Foundation, by 2022, India is expected to be the third biggest construction market. Therefore, increasing demand for consumer electronics and large-scale investments in infrastructure development is driving the glass manufacturing market.
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The glass manufacturing market covered in this report is segmented –
1) By Product: Container Glass, Flat Glass, Fiber Glass, Other Products
2) By Application: Packaging, Construction, Transportation, Electrical And Electronics, Telecommunication, Other Applications
Major companies operating in the glass manufacturing market are increasing their focus on introducing innovative product, such as glass tubing, to gain a competitive edge in the market. A glass tube is a long, hollow cylinder made from different types of glass, each with its own unique properties. For instance, in October 2023, SCHOTT AG, a Germany-based glass manufacturing company, launched FIOLAX Pro glass tubing. This innovative Type I borosilicate glass, part of SCHOTT’s FIOLAX Special Glass Tubes for Pharmaceutical Packaging line, is chemically resistant, arsenic-free, and clear, making it ideal for primary pharmaceutical packaging applications.
The glass manufacturing market report table of contents includes:
1. Executive Summary
2. Glass Manufacturing Market Characteristics
3. Glass Manufacturing Market Trends And Strategies
4. Glass Manufacturing Market – Macro Economic Scenario
5. Global Glass Manufacturing Market Size and Growth
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26. South America Glass Manufacturing Market
27. Brazil Glass Manufacturing Market
28. Middle East Glass Manufacturing Market
29. Africa Glass Manufacturing Market
30. Glass Manufacturing Market Competitive Landscape And Company Profiles
Top Major Players:
- Pilkington Group Limited
- Saint Gobain
- ThermoFisher Scientific
- Nippon Sheet Glass
- PPG Industries
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