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Glass Manufacturing Market Report Scope & Overview:

Glass Manufacturing Market Revenue Analysis

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The Glass Manufacturing Market Size was valued at USD 118.91 billion in 2023 and is expected to reach USD 195.75 billion by 2032, and grow at a CAGR of 6.53% over the forecast period 2024-2032.

During the projected period, it is expected that expanding investments in residential and commercial building, as well as the increasing use of recyclable products in the packaging industry, will propel glass manufacturing market expansion. In the construction sector, the product finds a variety of end uses, including railings, windows, doors, and façades. Manufacturers are being forced to increase output in order to meet the expanding demand due to the increasing use of it in the industry. Product manufacture is also being aided by the growing need for glass containers, such as bottles and ampoules, in the food and beverage and medical sectors.

Moreover, increasing investments in food and beverage production facilities, construction activities, as well as the increasing automobile industry. The U.S. market is projected to grow over the upcoming period. Additionally, the U.S. Census Bureau reports that, in June 2022, the nation's overall construction spending increased by 8.3% to USD 1,762.3 billion from June 2021.

Additionally, many key players focused in the food and beverage business are increasing their production with the increase in demand for packaged foods. This could result in more expansion in the U.S. market throughout the forecast period. For instance, in 2022, PepsiCo. Acquired land in the Colorado with the goal of constructing a 1.2 million square foot factory. Thus, over the next several years, it is anticipated that expanding developments in the glass manufacturing will increase market growth.

Market Dynamics

Drivers

  • Increasing investment in solar energy for solar panels drive the glass manufacturing market growth.

The growing demand for solar panels made of processed glass is a result of the increased investments in solar energy, and this is driving up the cost of manufacture. For example, the South Korean company Hanwha Group stated in July 2022 that it had signed a contract to purchase solar glass from Premium Sand in Canada. This purchase is intended to support Hanwha's upcoming 3GW solar energy production capacity new manufacturing facility in the United States.

  • Increasing demand for consumer electronics products drives the glass market growth. 

Some of the key factors driving the market growth are the proliferation of smartphone production, falling prices of consumer electronics, and an increasing demand for consumer electronics products due to the increasing penetration of Artificial Intelligence (AI) in consumer and business applications.

Moreover, the demand for glass as an alternative source has also increased due to growing regional government concerns about avoiding non-biodegradable Products for packaging and other uses. Because they preserve the environment and slow down the rapid depletion of natural resources, glasses are the Product of choice over non-biodegradable and wood items. The market is anticipated to increase favorably over the upcoming years due to the aspects mentioned above.

Restraint

  •  Increasing production of smartphones hamper the growth.

Opportunities

  • Increase Demand in end-use Industries

Market Segmentation:

By Product

  • Flat Glass

  • Container Glass

  • Fiberglass

  • Others

Container glass dominated the glass manufacturing market with the highest revenue share of more than 43.23% in 2023. Its growing demand in packaging applications is the reason for the significant portion. For instance, in 2021, Glass Line, acquired by Berlin Packaging, a U.S.-based hybrid packaging supplier. Berlin Packaging hopes to increase its market share in the European wine and olive oil sectors with this acquisition. Investment in residential real estate and expanding infrastructure is credited with generating enough thin glass for example the Indian National Investment Promotion Facility Agency estimates that domestic manufacturing will generate US$1.4 billion by 2025. These include investments in data centers, commercial warehouses and 100 smart cities.

Glass-Manufacturing-Market-By-Product

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By Application

  • Construction

  • Packaging

  • Transportation

  • Telecommunication

  • Electronics

  • Others

The packaging segment held the highest revenue share of more than 37.56% in 2023. The segment's dominance is expected to be sustained during the forecast period by the widespread usage of Glass Manufacturing-based ropes, cables, strands, and cords in moving equipment, supporting structures, and other applications in the construction industry.

Glass packaging has been found to be cheaper and more environmentally friendly than plastic packaging. For this reason, food and beverage giants like Coca-Cola are pushing for glass bottle packaging for their drinks, especially in emerging markets like India.

Coca-Cola India Pvt. which works there. Ltd sells over 500 million bottles in India in the first quarter of 2022.

Regional Analysis:

Asia Pacific region dominated glass manufacturing market with the highest revenue share of around 42.23% in 2023.

Manufacturers' expansion of output is being encouraged by the growing demand from end-use sectors. Chiefway opened Malaysia's first smart glass factory in April 2022. The company was founded in response to the growing need for eco-friendly and intelligent home projects.

Over the course of the projected period, North America is expected to register a fastest growing region. Product demand is being driven by rising investments in the food and beverage, pharmaceutical, and construction sectors. For instance, Saverglass said in June 2022 that it will boost its capacity to produce glass bottles in 2023 to meet the rising demand from the American continent.

Glass-Manufacturing-Market--By-Region

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players:

AGC Inc., Fuyao Glass Industry Group Co., Ltd., Nippon Sheet Glass Co., Ltd, Owens Illinois Inc, Koa Glass, Saint Gobain, Amcor, Vitro, S.A.B. DE C.V., Ltd., Sisecam Group, Guardian Industries, Heinz Glass, 3B - the fiberglass company, Nihon Yamamura., Xinyi Glass Holdings Co., Central Glass Co. Ltd., and other players.

Nippon Sheet Glass Co.Ltd-Company Financial Analysis

Company Landscape Analysis

Recent Development:

  • In 2024, Beta Glass, has partnered with Wecyclers to improve recycling in Nigeria by launching cullet trucks for glass transportation.

  • In 2023, Saint- Gobain launched a new glass with low carbon footprint. The motive of new product development is reducing emission.

  • In 2022, Chiefway expand smart glass factory in Malaysia. The company expanded its business unit to rising the demand of smart home development products.

Glass Manufacturing Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 118.91  billion
Market Size by 2032 US$ 195.75 Billion
CAGR CAGR of 6.53 % From 2024 to 2032
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments •By Product (Flat Glass, Container Glass, Fiberglass, Others)
•By Application (Construction, Packaging, Transportation, Telecommunication, Electronics, Others), 
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles AGC Inc., Fuyao Glass Industry Group Co., Ltd., Nippon Sheet Glass Co., Ltd, Owens Illinois Inc, Koa Glass, Saint Gobain, Amcor, Vitro, S.A.B. DE C.V., Ltd., Sisecam Group, Guardian Industries, Heinz Glass, 3B - the fiberglass company, Nihon Yamamura., Xinyi Glass Holdings Co., Central Glass Co. Ltd., and other players
Key Drivers

•Increasing investment in solar energy for solar panels drive the glass manufacturing market growth.                                                                                      

•Increasing demand for consumer electronics products drives the glass market growth.

RESTRAINTS •  Increasing production of smartphones hamper the growth

Frequently Asked Questions

Ans: The U.S. led the Glass Manufacturing Market in Asia Pacific region with highest revenue share in 2023.

Ans: Factors such as increasing investment in solar energy for solar panels drive the glass manufacturing market growth.

 

Ans: The container glass will grow rapidly in the Glass Manufacturing Market from 2024-2032.

 

Ans: The expected CAGR of the global Glass Manufacturing Market during the forecast period is 6.53%.

 

Ans: USD 195.75 Billion is the projected Glass Manufacturing Market size of the market by 2032.

 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Porter’s 5 Forces Model

6.  Pest Analysis

7. Glass Manufacturing Market Segmentation, By Product

7.1 Introduction

7.2 Flat Glass

7.3 Container Glass

7.4 Fiberglass

7.5 Others

8. Glass Manufacturing Market Segmentation, By Application

8.1 Introduction

8.2 Construction

8.3 Packaging

8.4 Transportation

8.5 Telecommunication

8.6 Electronics

8.7 Others

9. Regional Analysis

9.1 Introduction

9.2 North America

9.2.1 Trend Analysis

9.2.2 North America Glass Manufacturing Market by Country

9.2.3 North America Glass Manufacturing Market By Product

9.2.4 North America Glass Manufacturing Market By Application

9.2.5 USA

9.2.5.1 USA Glass Manufacturing Market By Product

9.2.5.2 USA Glass Manufacturing Market By Application

9.2.6 Canada

9.2.6.1 Canada Glass Manufacturing Market By Product

9.2.6.2 Canada Glass Manufacturing Market By Application

9.2.7 Mexico

9.2.7.1 Mexico Glass Manufacturing Market By Product

9.2.7.2 Mexico Glass Manufacturing Market By Application

9.3 Europe

9.3.1 Trend Analysis

9.3.2 Eastern Europe

9.3.2.1 Eastern Europe Glass Manufacturing Market by Country

9.3.2.2 Eastern Europe Glass Manufacturing Market By Product

9.3.2.3 Eastern Europe Glass Manufacturing Market By Application

9.3.2.4 Poland

9.3.2.4.1 Poland Glass Manufacturing Market By Product

9.3.2.4.2 Poland Glass Manufacturing Market By Application

9.3.2.5 Romania

9.3.2.5.1 Romania Glass Manufacturing Market By Product

9.3.2.5.2 Romania Glass Manufacturing Market By Application

9.3.2.6 Hungary

9.3.2.6.1 Hungary Glass Manufacturing Market By Product

9.3.2.6.2 Hungary Glass Manufacturing Market By Application

9.3.2.7 Turkey

9.3.2.7.1 Turkey Glass Manufacturing Market By Product

9.3.2.7.2 Turkey Glass Manufacturing Market By Application

9.3.2.8 Rest of Eastern Europe

9.3.2.8.1 Rest of Eastern Europe Glass Manufacturing Market By Product

9.3.2.8.2 Rest of Eastern Europe Glass Manufacturing Market By Application

9.3.3 Western Europe

9.3.3.1 Western Europe Glass Manufacturing Market by Country

9.3.3.2 Western Europe Glass Manufacturing Market By Product

9.3.3.3 Western Europe Glass Manufacturing Market By Application

9.3.3.4 Germany

9.3.3.4.1 Germany Glass Manufacturing Market By Product

9.3.3.4.2 Germany Glass Manufacturing Market By Application

9.3.3.5 France

9.3.3.5.1 France Glass Manufacturing Market By Product

9.3.3.5.2 France Glass Manufacturing Market By Application

9.3.3.6 UK

9.3.3.6.1 UK Glass Manufacturing Market By Product

9.3.3.6.2 UK Glass Manufacturing Market By Application

9.3.3.7 Italy

9.3.3.7.1 Italy Glass Manufacturing Market By Product

9.3.3.7.2 Italy Glass Manufacturing Market By Application

9.3.3.8 Spain

9.3.3.8.1 Spain Glass Manufacturing Market By Product

9.3.3.8.2 Spain Glass Manufacturing Market By Application

9.3.3.9 Netherlands

9.3.3.9.1 Netherlands Glass Manufacturing Market By Product

9.3.3.9.2 Netherlands Glass Manufacturing Market By Application

9.3.3.10 Switzerland

9.3.3.10.1 Switzerland Glass Manufacturing Market By Product

9.3.3.10.2 Switzerland Glass Manufacturing Market By Application

9.3.3.11 Austria

9.3.3.11.1 Austria Glass Manufacturing Market By Product

9.3.3.11.2 Austria Glass Manufacturing Market By Application

9.3.3.12 Rest of Western Europe

9.3.3.12.1 Rest of Western Europe Glass Manufacturing Market By Product

9.3.2.12.2 Rest of Western Europe Glass Manufacturing Market By Application

9.4 Asia-Pacific

9.4.1 Trend Analysis

9.4.2 Asia Pacific Glass Manufacturing Market by Country

9.4.3 Asia Pacific Glass Manufacturing Market By Product

9.4.4 Asia Pacific Glass Manufacturing Market By Application

9.4.5 China

9.4.5.1 China Glass Manufacturing Market By Product

9.4.5.2 China Glass Manufacturing Market By Application

9.4.6 India

9.4.6.1 India Glass Manufacturing Market By Product

9.4.6.2 India Glass Manufacturing Market By Application

9.4.7 Japan

9.4.7.1 Japan Glass Manufacturing Market By Product

9.4.7.2 Japan Glass Manufacturing Market By Application

9.4.8 South Korea

9.4.8.1 South Korea Glass Manufacturing Market By Product

9.4.8.2 South Korea Glass Manufacturing Market By Application

9.4.9 Vietnam

9.4.9.1 Vietnam Glass Manufacturing Market By Product

9.4.9.2 Vietnam Glass Manufacturing Market By Application

9.4.10 Singapore

9.4.10.1 Singapore Glass Manufacturing Market By Product

9.4.10.2 Singapore Glass Manufacturing Market By Application

9.4.11 Australia

9.4.11.1 Australia Glass Manufacturing Market By Product

9.4.11.2 Australia Glass Manufacturing Market By Application

9.4.12 Rest of Asia-Pacific

9.4.12.1 Rest of Asia-Pacific Glass Manufacturing Market By Product

9.4.12.2 Rest of Asia-Pacific Glass Manufacturing Market By Application

9.5 Middle East & Africa

9.5.1 Trend Analysis

9.5.2 Middle East

9.5.2.1 Middle East Glass Manufacturing Market by Country

9.5.2.2 Middle East Glass Manufacturing Market By Product

9.5.2.3 Middle East Glass Manufacturing Market By Application

9.5.2.4 UAE

9.5.2.4.1 UAE Glass Manufacturing Market By Product

9.5.2.4.2 UAE Glass Manufacturing Market By Application

9.5.2.5 Egypt

9.5.2.5.1 Egypt Glass Manufacturing Market By Product

9.5.2.5.2 Egypt Glass Manufacturing Market By Application

9.5.2.6 Saudi Arabia

9.5.2.6.1 Saudi Arabia Glass Manufacturing Market By Product

9.5.2.6.2 Saudi Arabia Glass Manufacturing Market By Application

9.5.2.7 Qatar

9.5.2.7.1 Qatar Glass Manufacturing Market By Product

9.5.2.7.2 Qatar Glass Manufacturing Market By Application

9.5.2.8 Rest of Middle East

9.5.2.8.1 Rest of Middle East Glass Manufacturing Market By Product

9.5.2.8.2 Rest of Middle East Glass Manufacturing Market By Application

9.5.3 Africa

9.5.3.1 Africa Glass Manufacturing Market by Country

9.5.3.2 Africa Glass Manufacturing Market By Product

9.5.3.3 Africa Glass Manufacturing Market By Application

9.5.2.4 Nigeria

9.5.2.4.1 Nigeria Glass Manufacturing Market By Product

9.5.2.4.2 Nigeria Glass Manufacturing Market By Application

9.5.2.5 South Africa

9.5.2.5.1 South Africa Glass Manufacturing Market By Product

9.5.2.5.2 South Africa Glass Manufacturing Market By Application

9.5.2.6 Rest of Africa

9.5.2.6.1 Rest of Africa Glass Manufacturing Market By Product

9.5.2.6.2 Rest of Africa Glass Manufacturing Market By Application

9.6 Latin America

9.6.1 Trend Analysis

9.6.2 Latin America Glass Manufacturing Market by Country

9.6.3 Latin America Glass Manufacturing Market By Product

9.6.4 Latin America Glass Manufacturing Market By Application

9.6.5 Brazil

9.6.5.1 Brazil Glass Manufacturing Market By Product

9.6.5.2 Brazil Glass Manufacturing Market By Application

9.6.6 Argentina

9.6.6.1 Argentina Glass Manufacturing Market By Product

9.6.6.2 Argentina Glass Manufacturing Market By Application

9.6.7 Colombia

9.6.7.1 Colombia Glass Manufacturing Market By Product

9.6.7.2 Colombia Glass Manufacturing Market By Application

9.6.8 Rest of Latin America

9.6.8.1 Rest of Latin America Glass Manufacturing Market By Product

9.6.8.2 Rest of Latin America Glass Manufacturing Market By Application

10. Company Profiles

10.1 AGC Inc.

10.1.1 Company Overview

10.1.2 Financial

10.1.3 Products/ Services Offered

10.1.4 The SNS View

10.2 Fuyao Glass Industry Group Co., Ltd

10.2.1 Company Overview

10.2.2 Financial

10.2.3 Products/ Services Offered

10.2.4 The SNS View

10.3 Nippon Sheet Glass Co., Ltd

10.3.1 Company Overview

10.3.2 Financial

10.3.3 Products/ Services Offered

10.3.4 The SNS View

10.4 Owens Illinois Inc

10.4.1 Company Overview

10.4.2 Financial

10.4.3 Products/ Services Offered

10.4.4 The SNS View

10.5 Koa Glass

10.5.1 Company Overview

10.5.2 Financial

10.5.3 Products/ Services Offered

10.5.4 The SNS View

10.6 Saint Gobain

10.6.1 Company Overview

10.6.2 Financial

10.6.3 Products/ Services Offered

10.6.4 The SNS View

10.7. Amcor

10.7.1 Company Overview

10.7.2 Financial

10.7.3 Products/ Services Offered

10.7.4 The SNS View

10.8 Sisecam Group

10.8.1 Company Overview

10.8.2 Financial

10.8.3 Products/ Services Offered

10.8.4 The SNS View

10.9 Heinz Glass

10.9.1 Company Overview

10.9.2 Financial

10.9.3 Products/ Services Offered

10.9.4 The SNS View

10.10 Central Glass Co. Ltd

10.10.1 Company Overview

10.10.2 Financial

10.10.3 Products/ Services Offered

10.10.4 The SNS View

11. Competitive Landscape

11.1 Competitive Benchmarking

11.2 Market Share Analysis

11.3 Recent Developments

11.3.1 Industry News

            11.3.2 Company News

            11.3.3 Mergers & Acquisitions

12. USE Cases and Best Practices

13. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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Primary Research

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Data Bank Validation

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