Stratview Research has recently published a report on the Glass Manufacturing Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2023 to 2028.
Glass Manufacturing Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Glass Manufacturing Market is estimated to grow from USD 111.62 billion in 2022 to reach USD 149.6 billion by 2028 at a healthy CAGR of 5% during the forecast period.
Some of the companies drive the market growth:
- Guardian Glass LLC
- NSG Group
- China Glass Holdings
- Corning Incorporated
- Kyocera Corporation
- Coorstek Group
- Schott A.G
- Morgan Advanced Materials
- AIS Glass
- Central Glass Ltd.
The glass manufacturing Market is segmented by–
- byProduct Type (Flat Glass, Container Glass, Fiber Glass, and Specialty Glass),
- by Sector Type (Packaging, Automotive & Transportation, Construction, Telecommunication, Electronics, and Others),
- Region (North America, Europe, Asia-Pacific, and Rest of the World).
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Segments Analysis
Product Trends
The market is segmented as flat glass, container glass, fiber glass, and specialty glass. Specialty glass is expected to witness significant growth rate in the market during 2023-28.
The growth of the segment is owing to the increase in offerings offered by specialty glass products such as tableware, cookware, scientific and medical equipment, and tubes. In addition, container glass registers more than 43.4% market share in 2021.
In many areas, specialty glass outpowers conventional glass, such as resistance to abrupt temperature fluctuations, chemical inertness, and durability. Another segment is fiber glass, which is expected to gain a large share of the market, owing to expansion in its end-industry categories such as construction and automotive.
By Region
Asia-Pacific held the largest market share of over 38.8% in 2021 and is estimated to be the leading region in the market during the coming five years, owing to the fact that the region's high population density, combined with strong industrial and economic growth, has resulted in increased product demand from all sector verticals. The demand for flat glass in the region is mostly driven by the construction industry. Many large firms have built up production operations in China and India because of the lower construction costs. The demand for glass has been bolstered by the existence of industries such as automotive and aerospace in the region.
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