Glass Manufacturing Market Size By Product (Flat Glass, Container Glass, Fiber Glass, Specialty Glass), By Sector (Packaging, Automotive & Transportation, Construction, Telecommunication, Electronics), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2026

Industry Statistics

Glass Manufacturing Market size was valued at USD 238.39 billion in 2018 and is estimated to exhibit around 3.8% CAGR from 2019 to 2026. Escalating glass demand from packaging and construction industry will provide positive outlook for industry expansion.
 

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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.
 

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.
 

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Specialty glass to dominate the revenue generation

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Specialty glass segment will foresee over 4.5% CAGR over the study timeframe. Rising application of specialty glass in lens, scientific glass ware, electronics, and automotive products is stimulating the glass manufacturing 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.
 

Container glass holds significant share with its demand from packaging industry. Food & beverage industry is adopting sustainable and hygienic packaging materials to reduce carbon footprint. Further, ongoing initiatives by organizations to increase awareness regarding plastic alternatives will enhance the glass manufacturing market segment penetration. For instance, in 2019, IHG, a hospitality group launched campaign to replace one-time use plastic bottles with glass alternatives. Emerging nations in regions such as Latin America and Asia Pacific are analyzed to be the major drivers for glass container consumption and production over the study timeframe.
 

Electronics segment to showcase promising growth

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Electronics segment will witness significant growth with utilization of glass to fabricate display panels for monitors, television and portable computers. Other 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.
 

In 2019, packaging held over 35% share in glass manufacturing market volume and will continue its dominance over the study timeframe. Glass is a hygienic material and has superior flavor retention properties that makes it ideal for food packaging. Increasing positive perception of glass in European counties as sustainable packaging material are encouraging manufacturers to implement glass packaging in consumer deliverables.
 

Asia Pacific to bank upon on presence of major manufacturing facilities

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Asia Pacific will witness over 3% CAGR over the study timeframe owing to continuous shift of production units and R&D facilities in the region. The manufacturers 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 a vital role in establishing production units in this region. Moreover, increasing construction and infrastructure development activities will positively influence the glass manufacturing market expansion.
 

Europe is experiencing rise in production and is reflected by a strong domestic demand. According to European Union, about 80% of the glass produced in the region is traded within European countries. Container glass is among the driving forces for the European glass manufacturing market growth as according to the European Commission, over 55% of glass output in the region is from the container glass segment. Further, presence of countries including Germany and France having strong presence of automotive and aerospace industries will contribute for the specialty glass demand.
 

Mergers and acquisition to emerge as a key strategy for business expansion

Prominent key players are undergoing mergers and acquisition to enhance their market share. For instance, 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. Similarly, in March 2017, Vitro acquired PGW to enhance its presence in North American.
 

The major participants in glass manufacturing industry 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. Industry players are also resorting to innovation and investment in research and development to gain competitive edge through technological prowess. 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.
 

The glass manufacturing market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026, for the following segments:

By Product

• Flat glass
• Container glass
• Fiber glass
• Specialty glass

By Sector

• Packaging
• Automotive & transportation
• Construction
• Telecommunication
• Electronics
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait