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Glass Manufacturing Market Size
- Report ID: GMI4560
- Published Date: Nov 2022
- Report Format: PDF
Glass Manufacturing Market Size
Glass Manufacturing Market size was worth more than USD 265 billion in 2022 and is expected to expand at over 4.5% CAGR from 2023-2032. Increasing investments in infrastructure development and rising demand for consumer electronics will positively influence industry trends.
Over the last decade, the electronics sector has witnessed expansive growth with advancements in chip and semiconductor technology. Glass is a crucial raw material in electronics, telecommunication devices, and construction activities. A broad spectrum of business verticals including automobile, chemicals, electronics, and construction is heavily inclined towards the use of specialty glass. Rising disposable income across several developed and developing economies has encouraged consumers to invest in home interior products such as decorative glass. It is also used in commercial spaces for sound insulation.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Glass Manufacturing Market Size in 2022: | USD 265.6 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.8% |
| 2032 Value Projection: | USD 463.4 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 308 |
| Segments covered: | Product, Sector and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The availability of a wide variety of potential alternatives may impede the glass manufacturing market outlook. Plastic is commonly used as a replacement for glass across automotive and construction applications. Extensive R&D activities are underway to determine the potential of glass alternatives such as acrylic, plexiglass, and polycarbonate for use in windows. These materials ensure relatively higher worker safety and energy-efficient production, hampering glass production.
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Glass Manufacturing Market Scope
