by Precedence Research a new report on glass manufacturing Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global glass manufacturing market size was valued at US$ 130 billion in 2021. The global glass manufacturing market is projected to reach US$ 180.94 billion by 2027, registering a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2021 to 2027.
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Table of Contents
Glass Manufacturing market Growth Factors:
Rising construction activities along with the government initiatives supporting development of infrastructural are accentuating the glass manufacturing market over the projected period. For instance, in December 2019, 16 mega projects for construction sector were announced catering to the commercial and hospitality segments in UAE that provides significant growth potential for the glass industry in the developing and developed economies.
Glass Manufacturing Market Report Scope
| Report Highlights | Details |
| Market Size | USD 180.94 Billion by 2027 |
| Growth Rate | CAGR of 4.5% From 2021 to 2027 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Application |
| Regional Scope | North America, APAC, Europe, Latin America, MEAN, Rest of the World |
The global glass manufacturing market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per glass manufacturing, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
glass manufacturing Market Report Highlights
- Asia Pacific encountered was the prime market with nearly 50% of the volume stake in 2019 attributed to the significant presence of consumer base for numerous applications of glass
- North America emerged as the third largest market in terms of volume in the year 2019 owing to significant demand for glass materials in packaging sector
- Europe experiences strong demand for container glasses because of flourishing growth of beer industry as well as significant rise in the alcohol consumption in the region
- Container glass captured the maximum market share in terms of volume accounting for around 50% in 2019 due to the rapid growth of beer industry along with significant demand of alcoholic beverages
- Fiberglass estimated to show the fastest growth rate over 4% between during assessment period due to extensive application of fiberglass in automobile industry
- Packaging application dominated the global market and accounted for a value share of roughly 45% in 2019 owing to its superior flavor retention capability
- Electronics application projected to register the fastest growth of over 5.0% in terms of value over the forecast timeframe attributed to the rapid expansion and rising innovation in the production of consumer electronic devices
Regional Snapshots
The Asia Pacific witnessed as affront-runner in the global glass manufacturing market accounting for nearly 50% of the total volume share in the year 2019. The remarkable share of the region is mainly due to continuous shift in R&D facilities and production units of various manufacturing sectors in the region. Significant number of manufacturers is shifting towards the Asia Pacific because of the availability of economical land, labor, and raw materials.
In addition, rising awareness among consumers for the usage of glass materials in place of plastics materials projected to augment the market size of glass manufacturing in the region. Besides this, the region is an attractive center for various manufacturers owing to low price of raw materials, low labor cost, and low cost of manufacturing process that collectively accounts for high profit margin as the overall cost of operation decreases.
Read Also@ Technical Insulation Market Size to Hit Around US$ 8.84 bn by 2027
Some of the prominent players in the glass manufacturing market include:
- AGC Inc.
- Heinz Glass
- Nippon Sheet Glass Co., Ltd.
- Saint Gobain
- Central Glass Co. Ltd.
- Nippon Electric Glass Co. Ltd.
- Guardian Industries
- Fuyao Glass Industry Group Co., Ltd.
- Owens Illinois Inc.
- NSG Co., Ltd
- Koa Glass
- Nihon Yamamura
- Amcor
- 3B – the fiberglass company
Glass Manufacturing Market Segmentation
By Product
- Flat Glass
- Container Glass
- Fiberglass
- Others
By Application
- Construction
- Packaging
- Transportation
- Telecommunication
- Electronics
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the glass manufacturing market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global glass manufacturing market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global glass manufacturing market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global glass manufacturing market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global glass manufacturing market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for glass manufacturing are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.
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