Glass Manufacturing Market, By Product (Flat Glass, Container Glass, Fiber Glass, Specialty Glass),

Published Date: April 2020 | Report Code : MT2063362

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Glass Manufacturing Market, By Product (Flat Glass, Container Glass, Fiber Glass, Specialty Glass), Sector (Packaging, Automotive & Transportation, Electronics), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

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Domain : Materials

Report Code : MT2063362

Status : Published April 2020

The global glass manufacturing market size was valued at USD 79.2 billion in 2019 and is anticipated to grow at a CAGR of 3.9% during the forecast period. Glass manufacturing is a fabrication methodology to produce flat glass, container glass, fiber glass, and specialty glass. The manufacturing technology is highly dependent on product type. For instance, float glass process is used to manufacture flat glass and container glass is produced through blowing. Glass has functionally transformed from luxurious decorative piece to functional material with several advancements in multiple industry verticals. These are versatile material and witnessed wide scale application ranging from construction to advanced aeronautics. Advancements in technologies, such as pre-regs and fiber roving have extended the material capabilities significantly.

Considering the current market scenario, the global glass manufacturing market is primarily being driven by increasing construction activities coupled with government initiatives supporting infrastructural development are accentuating glass manufacturing market share over the projected timeframe. For instance, in January 2019, Government of Saudi Arabia announced series of infrastructure projects worth over USD 426 billion by 2030 in key areas such as hospitality, technology, and mobility. Similarly, announcement of 16 megaprojects construction catering to hospitality and commercial segments in UAE will provide significant potential for glass in emerging and developed economies.

Key Factors Impacting the Growth of Glass Manufacturing Market:

  • Positive outlook from food & beverage and construction industry.
  • Increasing industrial production and presence of major industries.
  • Increasing demand for consumer electronics and largescale investments in infrastructure development.
  • Improving economic & political stability coupled with rising automobile sales.
  • Increasing construction activities & foreign investments.

The glass manufacturing market segmentation is based on product, sector, and region.

Product Outlook:

Based on product, the market has been segmented into Flat Glass, fiber glass, container glass and specialty glass. The Specialty glass segment is expected to dominate the market in 2018 and further expected to lead the market during the forecast period. Different reasons behind the dominance of specialty glass are rising application of specialty glass lens, scientific glass ware, electronics, and automotive products is stimulating the glass producing market demand. Superior features such as immunity to sudden temperature changes, chemical inertness, and durability allows specialty glass to outperform general glass in many verticals. Borosilicate glass is amongst the major constituent in specialty glass segment owing to its favorable and dynamic physical characteristics.

Sector Outlook:

Based on sector, the market is segmented into packaging, automotive & transportation, construction, telecommunication, and elctronics. The electronics segment is expected to lead the market during the forecast period. Electronics segment will witness significant growth with utilization of glass to fabricate display panels for monitors, tv and portable computers. Different application of glass in electronic sector includes semiconductor IC packaging, electronic & optical sensors, energy storage devices, and cover glasses. Demand for glass in electronics is directly conjugated with demand for electronics. Innovative programs by electronics industry participants will induce significant growth in the glass manufacturing market. For instance, in november 2019, Microsoft introduced Project silica. The project aims to use quartz glass to store potential data in high density and offer enhanced transfer speeds.

Regional Outlook:

Based on the region, the global glass manufacturing market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America governs the worldwide glass manufacturing market in 2018. Asia Pacific is expected to dominate the market because the manufacturers are shifting towards the region due to the availability of economical labor, land, and raw materials. In addition, favorable economic conditions and social aspects that influence glass consumption plays an important role in establishing production units in this region. Moreover, increasing construction and infrastructure development activities will positively influence the glass manufacturing market expansion.

Competitive Landscape

The dominated players in the glass manufacturing market include Corning Incorporated, NSG Group, Kyocera Corporation, Schott A.G, Coorstek Group, Morgan Advanced Materials, Guardian Glass LLC, AIS Glass, China Glass Holdings, and Central Glass Ltd.

This report also includes the profiles of key glass manufacturing market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Glass Manufacturing Market:

  • In May 2017, Nippon Electric Glass announced acquisition of PPG’s fiberglass manufacturing operations for USD 541 million. This expansion is a strategic step from Nippon to explore and expand fiberglass business in aeronautics and automotive business segment.
  • In September 2017, Saint Gobain announced to launch enhanced thermal insulation glazing flat glass product. The product is aimed at residential and commercial segment through offering higher transparency and unprecedented thermal insulation.

What Does This Report Provide?

This report provides a detailed understanding of the global glass manufacturing market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Product

  • Flat Glass
  • Fiber Glass
  • Container Glass
  • Specialty Glass

By Sector

  • Packaging
  • Automotive & Transportation
  • Construction
  • Telecommunication
  • Electronics

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End User
  • Western Europe
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End User
  • Middle East & Africa
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Type
    • By End User
  • South America
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Type
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the glass manufacturing market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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