Glass Manufacturing Market Size By Product (Flat Glass, Container Glass, Fiber Glass, Specialty Glass), By Sector (Packaging, Automotive & Transportation, Construction, Telecommunication, Electronics), Regional Outlook, Competitive Market Share & Forecast, 2021 – 2027

Industry Overview

Glass manufacturing market size was USD 228.7 billion in 2020 and will showcase a growth rate of around 4.1% CAGR from 2021 to 2027. The growing demand for glass in various end user industries including automotive and construction will propel the industry growth throughout the assessment period.
 

Glass is subjected from luxurious decorative pieces to functional and important material in modern science. These advancements and iterations have clearly expanded the potential for the glass manufacturing market. Categorically, glass is segmented into two main segments, product and application. The product segment includes flat, container, fiber, and specialty glasses and the application segment include packaging, automotive & transportation, construction, telecommunication, electronics, and others.
 

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Glass fundamentally being a versatile material witnessed wide scale application in multiple industry verticals. Apart from being used in packaging, construction, telecommunication, electronics, and others, automotive & transportation is analyzed to be the major contributor for growth in the glass manufacturing industry. Advancements in technologies, such as pre-regs and fiber roving, extended capabilities of materials significantly.
 

Proliferating glass applications in electronic and telecommunication devices are significantly escalating the industry expansion. Increasing consumption of glass products for construction activities in developing countries across the globe will propel the volume growth. Government initiatives supporting infrastructural development will accentuate the product share over the projected timeframe. Moreover, the rising inclination of specialty glass in multiple industries including automobile, construction, electronics, and chemicals is a vital factor for the glass manufacturing market growth. Decorative glass products providing elegance along with safety and sound insulation to conference rooms and offices are escalating the product demand.
 

Specialty glass to dominate the revenue generation

Specialty glass held a market share of over 42% in 2020 and is anticipated to generate a revenue of over USD 149 billion by the end of 2027. Specialty glass is analyzed to be the fastest growing product segment in the glass manufacturing industry. There are a slew of offerings in specialty glass segmentation comprising tableware, kitchenware, scientific & medical equipment, and tubes. Specialty glass generally outperforms general glass in many verticals such as immunity to sudden temperature changes, chemical inertness, and durability.
 

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Fiber glass is another most revenue generating product type and is projected to hold a market share of over 18% by 2027. It is anticipated to gain a significant share during the forecast timeframe primarily driven by growth in its end industry segments such as construction and automobile. Flat glass or float glass has a high degree of light emission and has the ability to be produced in multiple colors. Additionally, the ability to be produced in varied opacity and refraction also complements this material to be used as an ideal option in the building & construction industry.
 

Modern architecture is also considered to be playing a role in driving flat glass demand. Furthermore, improving automobile sales in developing regions, such as Central & Latin America, are further anticipated to complements the glass manufacturing market share.
 

The electronics segment to showcase promising growth

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The electronics sector is projected to generate a revenue of over USD 33 billion by 2027 to exhibit a CAGR of over 4.8% throughout the forecast period. The demand for glass products in the electronics segment is directly conjugated with a positive scenario for electronic demand. Within the electronic sector, glass is primarily being used to fabricate display panels, TVs, and computers. Other minor applications of glass include IC packaging, semiconductor, sensors both electronic and optical, energy storage devices, and others.
 

The construction sector is also a major end user industry for the overall glass manufacturing market. The sector held a market share of over 14% in terms of revenue in 2020 and is projected to grow at a CAGR of over 4.2%. The growing construction sector mainly in the developing regions is anticipated to generate huge revenue gains throughout the assessment period.
 

The other segment includes glass used in tableware, kitchenware, and scientific & chemical equipment. Borosilicate glass possesses extreme resistance from rapid temperature variances, making it ideal to be used in kitchen and chemical industry segments.
 

Asia Pacific to bank upon on presence of major manufacturing facilities

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Asia Pacific held a market share of over 49% in 2020 and is projected to exhibit a CAGR of 3.7% during the assessment period. Asia Pacific will be the largest region in glass manufacturing, followed by Europe throughout the forecast period. Asia Pacific holds a maximum growth rate share in the glass manufacturing industry due to multiple contributory factors.
 

High population concentration coupled with rapid industrial and economic growth has provided the region with increasing product demand from all industry verticals. The construction sector is a major driver for flat glass demand in the region. Lower cost of construction in regions, such as China and India, has attracted many major players to set up manufacturing facilities.
 

The presence of industries, such as automobile and aerospace, has further complimented glass demand. EU is also amongst the largest glass producers owing to the presence of major international and regional players. Small scale manufacturing in Europe is also being witnessed to drive glass products demand, resulting in high market share.
 

Strong domestic demand coupled with a stable economic and political scenario has enabled small manufacturing firms to thrive. European domestic consumption from growing regions, such as Poland and Turkey, will further compliment the Europe market share compared to other countries.
 

The major glass manufacturing industry participants include China Glass Holdings, Guardian Glass LLC, NSG Group, Corning Incorporated, Kyocera Corporation, Coorstek Group, Schott A.G, Morgan Advanced Materials, AIS Glass, and Central Glass Ltd.
 

The glass manufacturing market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027, 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