The global Glass Manufacturing market size is expected to be worth around US$ 190.0 billion by 2030, according to a new report by Vision Research Reports.
The global Glass Manufacturing market size was valued at US$ 125.0 billion in 2020 and is anticipated to grow at a CAGR of 4.7% during forecast period 2021 to 2030.
|Market Size||US$ 190.0 Billion by 2030|
|Growth Rate||CAGR of 4.7% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||AGC Inc.; Central Glass Co. Ltd.; Fuyao Glass Industry Group Co., Ltd.; Guardian Industries; Nippon Sheet Glass Co., Ltd; 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|
Increasing deployment of the products in several applications including packaging, construction, and electronics, is anticipated to boost market growth over the forecast period.
The growth in the packaging sector, along with the increasing demand for HUD glass from the automotive industries, is expected to boost the market growth in the coming years.
The packaging industry is moving towards a sustainable product approach wherein usage of paper-based and glass-based packaging solutions is gaining prominence across developed countries. The evolution in consumer demand is projected to remain an in-direct source of the driver for market growth over the predicted timeline.
By Product Analysis
The container glass segment held the largest revenue share of more than 45.0% in 2020. The large share is attributed to the growing pharmaceutical and food and beverage industry.
Flat glass holds the second-largest revenue share owing to its deployment in various construction applications such as in windows, doors, and partition panels.
Fiber glass is extensively used in transportation applications owing to the increasing demand for lightweight materials in making vehicles. They are used in boats, roofing, aircraft, and others due to their distinct features like bendability, stability, and lightweight.
By Application Analysis
The packaging segment dominated the market for glass manufacturing and held the largest revenue share of little less than 45.0% in 2020. Most of the beverages require bottle packaging owing to distinct properties of glass such as its non-reactive nature and recyclability.
The construction segment held a significant revenue share in 2020. The flat glass is consumed in the making of residential and non-residential buildings. The product demand in the electrical & electronics segment is dominated by the use of glass in designing the display screens of electronic devices.
By Regional Analysis
Asia Pacific dominated the market for glass manufacturing and accounted for nearly 40.0% share of the global revenue in 2020. The region is characterized by the presence of skilled labor at low cost, which makes it the most lucrative region for manufacturers to set up production facilities.
China accounted for a key share in the regional market in 2020, considering the widespread presence of the end-use industries in the country. It is one of the largest manufacturing hubs in the world.
North America is anticipated to witness steady growth across the forecast period. Emphasis on limiting the usage of plastic and the incorporation of sustainable solutions is anticipated to augment product demand in the region.
Central Glass Co. Ltd.
Fuyao Glass Industry Group Co., Ltd.
Nippon Sheet Glass Co., Ltd
Owens Illinois Inc
3B - the fiberglass company
Vitro, S.A.B. DE C.V.
Xinyi Glass Holdings Co., Ltd.
Electrical & Electronics
Central & South America
Middle East & Africa
The Glass Manufacturing market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Glass Manufacturing market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Glass Manufacturing market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Glass Manufacturing market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Glass Manufacturing market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Glass Manufacturing capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Glass Manufacturing by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Glass Manufacturing market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Glass Manufacturing market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Glass Manufacturing market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Glass Manufacturing industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Glass Manufacturing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Glass Manufacturing market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Glass Manufacturing market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Glass Manufacturing market. These factors have benefited the growth of the global market for Glass Manufacturing. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Glass Manufacturing. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Glass Manufacturing are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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