Glass Manufacturing Market Outlook 2031
The global glass manufacturing market size was valued at USD 129.37 Billion in 2022 and is anticipated to reach USD 179.41 Billion by 2031 expand at a CAGR of 3.7% from 2023 to 2031. The growing demand from glass user industries as well as automotive and construction industries is estimated to propel the market.
Glass is a non-crystalline, usually clear amorphous solid having sensible, technological, and ornamental use in, window panes, tableware, and optics. Glass is divided into two main segments product and application. The merchandise section includes flat, container, fiber, and specialty glasses and the application section includes packaging, automotive & transportation, construction, telecommunication, natural philosophy, and others.
Advancements in technologies, like pre-regs and fiber roving, extended capabilities of materials considerably.
Glass Manufacturing Market Drivers, Restraints, Trends and Opportunities
- Increasing deployment of the products in various applications which includes packaging, construction, and electronics, is anticipated to boost the market during forecast period.
- Packaging industry is looking forward to use paper-based and glass-based packaging solutions, which is estimated to fuel the market.
- High cost of installation of advanced glasses is projected to hamper the market during the forecast period.
- Strict government legislation related to the use of energy-efficient products and the desire to use renewable resources are expected to create lucrative opportunities for the key players in the market.
Scope of The Glass Manufacturing MarkeReport
The report on the global glass manufacturing market includes an assessment of the market, size, share, trends, segments, and regional markets. The study includes an overview as well as dynamics.
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Attributes
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Details
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Report Title
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Glass Manufacturing Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Products (Container Glass, Flat Glass, and Fiberglass), Applications (Packaging, Construction, and Transportation)
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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AGC Inc.; Central Glass Co. Ltd.; Fuyao Glass Industry Group Co., Ltd.; Guardian Industries; Nippon Sheet Glass Co. Ltd; Owens Illinois Inc; Owens Illinois Inc; Koa Glass; Heinz Glass; Saint Gobain; 3B - the fiberglass company; Amcor; Nihon Yamamura; Vitro; S.A.B. DE C.V.; Xinyi Glass Holdings Co. Ltd., Sisecam Group.
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Glass Manufacturing Market Segments Insights
The instrumentality glass section is projected to hold significant market share.
In terms of products, the market is segmented into container glass, flat glass, specialty glass and fiberglass. The container segment held major revenue share of around 44.0% in 2020. The growth of segment is attributed to the growing pharmaceutical and food & liquid industries. The growing preference for the merchandise section for packaging functions is anticipated to propel market.
The second-largest revenue share is achieved by flat glass, which involves the making of construction applications like windows, doors, etc. Factors driving the segment are. growing preference towards aesthetic interiors and rising income. Fiberglass is extensively utilized in transportation applications thanks to the increasing demand for light-weight materials in creating vehicles. they're utilized in boats, roofing, aircraft, et al because of their distinct options like flexibility, stability, and light-weight.
The packaging segment is anticipated to account for the significant market share
Based on the applications, the market is segmented into, packaging, construction, automotive & transportation, telecommunication, electronics and others. The packaging segment holds the key share of the market. In beverage industry, glass is used for packaging the bottles. Glass is a non-reactive, eco-friendly material which can be recycled.
The flat glass is used in constructing non-residential and residential buildings. The market is expected to be fueled by increasing construction developments in emerging economies.
Asia Pacific dominated the market in 2020
In terms of regions, the glass manufacturing market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific dominated the market for glass producing and accounted nearly 40.0% share of the total revenue in 2020 due to the availability of labor at low price. Moreover, Asian countries like India is anticipated to completely influence the market growth over the forecast period due to the shifting trend toward producing units in India.
China accounted for a key share within the regional market in 2020, due to the widespread presence of the end-use industries within the country. It is considered as one of the biggest producing hubs within the world. North America is anticipated to witness steady growth during the forecast period. The increasing demand for sensible glasses which has insulation can manage the temperature and lightweight coming into the vehicle, is driving the market.
Segments
By Product
- Flat glass
- Container glass
- Fiberglass
- Specialty glass
By Application
- Automotive & transportation
- Packaging
- Construction
- Telecommunication
- Electronics
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
By Key Players
- AGC Inc.
- Central Glass Co. Ltd.
- Fuyao Glass Industry Group Co., Ltd.
- Guardian Industries
- Nippon Sheet Glass Co., Ltd
- Owens Illinois Inc
- Owens Illinois Inc
- Koa Glass
- Heinz Glass
- Saint Gobain
- 3B - the fiberglass company
- Amcor
- Nihon Yamamura
- Vitro
- S.A.B. DE C.V.
- Xinyi Glass Holdings Co., Ltd.
- Sisecam Group
Competitive Landscape
Key players are focusing on expanding their existing manufacturing facilities due to the increasing demand of products from different verticals. Some of the key players in the glass manufacturing market include AGC Inc., Central Glass Co. Ltd., Fuyao Glass Industry Group Co., Ltd., Guardian Industries, Nippon Sheet Glass Co., Ltd, Owens Illinois Inc, Owens Illinois Inc, Koa Glass, Heinz Glass, Saint Gobain, 3B - the fiberglass company, Amcor, Nihon Yamamura, Vitro, S.A.B. DE C.V., Xinyi Glass Holdings Co., Ltd., Sisecam Group.
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