Glass is one of the most useful materials in our daily lives.There is a special relationship between glass and buildings. Glass is a magical material which has so many different properties and uses, that it has presented many new possibilities and designs. The types of glass presently manufactured in India are float glass and sheet glass.
The glass industry in India is worth around Rs 5,500 crore, which has which has shown good growth in the past few quarters driven by an uptick in demand from user-industries such as infrastructure, construction, automobiles, food processing, beverages, pharmaceuticals and cosmetics, among others.The glass industry is diversifying into interior decoration, furniture, murals and other value additions to keep the show going. The growth of the industry is dependent on construction and architecture activities. However, the automobile sector is still a big user of flat glass. The construction sector is the largest consumer of float glass. Around 60 % of the total production is used by the construction sector. The glass sector has been growing at 10-12 per cent a year over the past five years. Real estate is the biggest consumer of flat glass for windows, doors, partitions and a host of other applications.
Global demand for flat glass will rise 5.5 percent annually through 2012, spurred by a healthy building construction environment and rapid growth in newer flat glass technologies. Developing countries in Asia (especially China and India), Latin America, Eastern Europe and the Africa/Mideast region will show the strongest advances.
The global market for flat glass is dominated by Europe, China and North America. These three regions account for more than two-thirds of global market demand. Emerging markets, like India, with extremely low per capita consumption of glass present a potential growth opportunity.
Some of the top players in this sector are Asahi India Glass, NSG Group, Saint-Gobain, Guardian Industries and Hindustan National Glass.
With stability on the cost side and good outlook on the demand side, the glass segment has good prospects. Robust growth in automobiles, infrastructure, liquor & other beverages, boom in building and construction will see the glass industry at its best in the coming years.