Glass Manufacturing

Glass Manufacturing Market Size To Accumulate USD 180.94 Billion By 2027

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The glass manufacturing market size is estimated to reach US$ 180.94 billion by the end of 2027 from US$ 130 billion in 2020, registering a CAGR of 4.5% from 2020 to 2027.

The report provides the overall revenue of the global glass manufacturing market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Glass manufacturing is basically a fabrication method for producing fiber glass, container glass, flat glass, and specialty glass. The manufacturing technology is largely dependent on the product type. For instance, float glass process is mainly used in manufacturing of flat glass whereas container glasses are produced through blowing process.

Glass has transformed from luxurious decorative piece to a functional material with numerous advancements in different industry verticals. Glasses are a versatile material and witness wide scale of application ranging from construction to aeronautics industry.

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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.

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

Scope of the Glass Manufacturing Market

Report Coverage 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
Companies Mentioned 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.

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.

Europe experiences strong domestic demand for container glasses that expected to spur the rate of production in the region. As per the European Union, nearly 80% of the manufactured glasses in the region are traded domestically within the European countries. Container glass is the most consumed glass among others due to rise in beer and alcohol industry. The European Commission has stated that container glasses alone contribute more than 55% of total glass output in the region. Further, countries including Germany and France have strong presence of aerospace and automotive industries that again contribute for the increasing demand for specialty glasses in the region.

Key Players & Strategies

Global glass manufacturing market is highly competitive owing to prominent market players adopting mergers &acquisition strategy to uplift their market share. For instance, in May 2017, Nippon Electric Glass acquired PPG’s fiberglass to expand and explore fiberglass business in automotive and aeronautics business areas. Similarly, in March 2017, Vitro signed an agreement to acquire PGW to enhance its existence in North American market.

Industry players also invest notable in the research &development (R&D) sector to gain competitive edge in the global market in terms of technology. In September 2017, Saint Gobain launched its new thermal insulation glazing flat glass product. The product aimed at its application in residential and commercial segment by providing unprecedented thermal insulation and higher transparency.

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

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it product, application, and region:

By Product

  • Flat Glass
  • Container Glass
  • Fiberglass
  • Others

By Application

  • Construction
  • Packaging
  • Transportation
  • Telecommunication
  • Electronics
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s glass manufacturing market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email: sales@flairinsight.com

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