GLASS MANUFACTURING INDUSTRY:

Glass is a non-crystalline amorphous solid that has numerous vital applications in a range of industries around the world. It’s probably best recognised for its widespread use in windows and bottles. Soda ash and silica, as well as additional chemicals, are used to make the most common varieties of glass. Glass that has been recycled is frequently utilised in the manufacture of new glass. Glass can be made in two different ways. The float glass process, which is used to make architectural glass, is the first. The second is the glassblowing method, which is used to make bottles and jars. The rapid rise in demand for the product from the global consumer electronics industry as a result of the proliferation of smartphone production, the increasing penetration of Artificial Intelligence (AI) in business and consumer applications, and the decreasing prices of consumer electronic devices are some of the major factors likely to drive market growth.

FLAT GLASS

The glass business is constantly expanding. The global demand for fabricated flat glass is rapidly increasing. Construction accounts for more than two-thirds of total flat glass production, with the remainder going to the automobile sector and other purposes. The regions with the biggest demand for glass are China, Western Europe, and North America.

FIBERGLASS

In terms of revenue, fibreglass is predicted to grow at the fastest rate of 4.5 percent. The key driver for the segment’s growth is the product’s widespread use in vehicle manufacture due to its lightweight and high strength features. The growing use of the product in the building and construction industry for composite and insulation applications is expected to boost the segment forward.

SPECIALTY GLASS

Over 42% of the market was taken up by specialty glass. The fastest expanding product sector in the glass manufacturing business is specialty glass, according to studies. Tableware, cookware, scientific and medical equipment, and tubes are all included in the specialised glass segmentation. In several areas, specialty glass beats conventional glass, such as resistance to abrupt temperature fluctuations, chemical inertness, and durability.

ART GLASS:

The worldwide Art Glass market is expected to grow at a rapid pace. Over the forecasted time horizon, the market is likely to rise. The study also keeps track of current market dynamics such as driving and restraining forces, as well as industry news such as mergers, acquisitions, and investments. Global Art Glass Market Size, Market Share, Growth Rate by Types, Applications, and Micro and Macro Forecasts in Different Regions or Countries utilises both qualitative and quantitative approaches to make micro and macro forecasts in various regions or countries.

AUTOMOTIVE GLASS:

The Automotive Glass Market is predicted to grow at a rate of around 5% during the next several years. Automotive glass is an important component of automobiles, and it is constantly evolving. Among the advancements, the automotive smart glass market has exploded, particularly in premium car applications. These materials provide greater passenger comfort, as well as enhanced security, privacy, and temperature control functions, all of which will increase market penetration in the coming years.

OPTICAL GLASS:

The global Optical Glass market is estimated to develop at a CAGR of 3.2 percent in the coming years. Growing applications in medical devices such as surgical tools, diagnostics, and treatments have increased the market share of optical glass, which is expected to create prospective growth possibilities for the industry. Optical glass has translucent qualities and can be employed in technological, practical, and decorative applications. Its usage as a reinforcing material, aesthetic, environmental protection, container material, thermal insulator, building supplies, container material, and for optical device systems has increased its use. It has a wide range of uses, including consumer optics, because it allows lighter to pass through lenses or glasses with less reflection, improving eyesight clarity.

INDIAN GLASS MARKET:

In the following years, the Indian glass industry is predicted to grow at a CAGR of 15-18%. Because related industries like as infrastructure, real estate, retail, automotive, and food and drinks are growing at a faster rate, the glass industry is expected to follow suit. Although economic conditions have been unpredictable, this business has tremendous potential as the crowded industry goes towards consolidation, but before they do, this business caters to numerous segments that will experience strong growth rates in the future. Companies will have to eliminate simple inefficiencies, focus on specialty products, and strive toward technology upgrades, either through domestic production or imports, to increase their capabilities and opportunities for innovation. Because the obstacles to entry into the float plants business category are quite low, current undiversified enterprises may attempt to diversify into better goods or other verticals as well. Because cost is such a significant CSF, the sector anticipates implementing better technology to achieve cost efficiency. This is also a relatively safe sector for investors to invest in a company with solid customer and supplier relationships.

GLOBAL MARKET OUTLOOK:

The glass manufacturing industry is expected to develop at a CAGR of roughly 4.1 percent. Throughout the assessment period, the growing demand for glass in various end user industries such as automotive and construction will move the industry forward. Because glass is such a versatile material, it has found widespread use in a variety of industries. Apart from packaging, construction, telecommunications, electronics, and other applications, automotive & transportation has been identified as a major contributor to the glass manufacturing industry’s growth. Advances in technology, such as pre-regs and fibre roving, have greatly increased the potential of materials. Because of the significant number of passenger vehicles sold in Asia Pacific, the market is likely to increase quicker. With the increased need for laminated glass for windshields, side windows, and rear shields in developing countries, the automotive sector is undergoing rapid development. Another factor expected to support the growth of the target market is the region’s thriving electronic sector, as well as the presence of major consumer goods manufacturers operating in the country, such as China, Japan, and India. This is resulting in demand for glass for semiconductor IC packaging, electronic & optical sensors, energy storage devices, and other applications.

TOP PLAYERS WORLDWIDE:

• Saint Gobain
• Magna International
• Nippon Sheet Glass Co
• FUSO Glass India Pvt Ltd
• PPG Industries
• Glass Wall Systems India Pvt Ltd
• Kyocera Co
• Gold Plus Glass Industry Ltd(Goldplus Group)
• Vitro Glass
• Asahi India Glass Ltd