The global Glass Manufacturing Market is expected to grow at the highest CAGR of 4.3% from 2020 – 2027 and the market is projected to generate $ 180.94 billion by 2027.
Precedence Research, Recently Published Report on “Glass Manufacturing Market Size, Share, Growth, Trends, Segment Forecasts, Regional Outlook 2020 - 2027”. The report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.
Glass manufacturing is basically a fabrication method for producing fiber glass, container glass, flat glass, and specialty glass. The manufacturing technology is largely dependent on the product type. For instance, float glass process is mainly used in manufacturing of flat glass whereas container glasses are produced through blowing process.
Glass has transformed from luxurious decorative piece to a functional material with numerous advancements in different industry verticals. Glasses are a versatile material and witness wide scale of application ranging from construction to aeronautics industry.
Get the Sample Pages of Report for More Understanding@ https://www.precedenceresearch.com/sample/1125
Growth Factors
Rising construction activities along with the government initiatives supporting development of infrastructural are accentuating the glass manufacturing market over the projected period. For instance, in December 2019, 16 mega projects for construction sector were announced catering to the commercial and hospitality segments in UAE that provides significant growth potential for the glass industry in the developing and developed economies.
Regional Snapshots
The Asia Pacific witnessed as affront-runner in the global glass manufacturing market accounting for nearly 50% of the total volume share in the year 2019. The remarkable share of the region is mainly due to continuous shift in R&D facilities and production units of various manufacturing sectors in the region. Significant number of manufacturers is shifting towards the Asia Pacific because of the availability of economical land, labor, and raw materials.
In addition, rising awareness among consumers for the usage of glass materials in place of plastics materials projected to augment the market size of glass manufacturing in the region. Besides this, the region is an attractive center for various manufacturers owing to low price of raw materials, low labor cost, and low cost of manufacturing process that collectively accounts for high profit margin as the overall cost of operation decreases.
Europe experiences strong domestic demand for container glasses that expected to spur the rate of production in the region. As per the European Union, nearly 80% of the manufactured glasses in the region are traded domestically within the European countries. Container glass is the most consumed glass among others due to rise in beer and alcohol industry. The European Commission has stated that container glasses alone contribute more than 55% of total glass output in the region. Further, countries including Germany and France have strong presence of aerospace and automotive industries that again contribute for the increasing demand for specialty glasses in the region.
Report Highlights
- Asia Pacific encountered was the prime market with nearly 50% of the volume stake in 2019 attributed to the significant presence of consumer base for numerous applications of glass
- North America emerged as the third largest market in terms of volume in the year 2019 owing to significant demand for glass materials in packaging sector
- Europe experiences strong demand for container glasses because of flourishing growth of beer industry as well as significant rise in the alcohol consumption in the region
- Container glass captured the maximum market share in terms of volume accounting for around 50% in 2019 due to the rapid growth of beer industry along with significant demand of alcoholic beverages
- Fiberglass estimated to show the fastest growth rate over 4% between during assessment period due to extensive application of fiberglass in automobile industry
- Packaging application dominated the global market and accounted for a value share of roughly 45% in 2019 owing to its superior flavor retention capability
- Electronics application projected to register the fastest growth of over 5.0% in terms of value over the forecast timeframe attributed to the rapid expansion and rising innovation in the production of consumer electronic devices
Get Customization on this Research Report@ https://www.precedenceresearch.com/customization/1125
Key Players & Strategies
Global glass manufacturing market is highly competitive owing to prominent market players adopting mergers &acquisition strategy to uplift their market share. For instance, in May 2017, Nippon Electric Glass acquired PPG’s fiberglass to expand and explore fiberglass business in automotive and aeronautics business areas. Similarly, in March 2017, Vitro signed an agreement to acquire PGW to enhance its existence in North American market.
Industry players also invest notable in the research &development (R&D) sector to gain competitive edge in the global market in terms of technology. In September 2017, Saint Gobain launched its new thermal insulation glazing flat glass product. The product aimed at its application in residential and commercial segment by providing unprecedented thermal insulation and higher transparency.
Some of the key players operating in the market are AGC Inc., Heinz Glass, Nippon Sheet Glass Co., Ltd., Saint Gobain, Central Glass Co. Ltd., Nippon Electric Glass Co. Ltd., Guardian Industries, Fuyao Glass Industry Group Co., Ltd., Owens Illinois Inc., NSG Co., Ltd, Koa Glass, Nihon Yamamura, Amcor, and 3B - the fiberglass company among others.
Market Segmentation
By Product
- Flat Glass
- Container Glass
- Fiberglass
- Others
By Application
- Construction
- Packaging
- Transportation
- Telecommunication
- Electronics
- Others
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Glass Manufacturing Market, By Product
7.1. Glass Manufacturing Market, by Product Type, 2020-2027
7.1.1. Flat Glass
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Container Glass
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Fiberglass
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Others
7.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Glass Manufacturing Market, By Application
8.1. Glass Manufacturing Market, by Application, 2020-2027
8.1.1. Construction
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Packaging
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Transportation
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Telecommunication
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Electronics
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Glass Manufacturing Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
Chapter 10. Company Profiles
10.1. AGC Inc.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Heinz Glass
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Nippon Sheet Glass Co., Ltd.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Saint Gobain
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Central Glass Co. Ltd.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Nippon Electric Glass Co. Ltd.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Guardian Industries
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Fuyao Glass Industry Group Co., Ltd.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Owens Illinois Inc.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. NSG Co., Ltd
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
10.11. Koa Glass
10.11.1. Company Overview
10.11.2. Product Offerings
10.11.3. Financial Performance
10.11.4. Recent Initiatives
10.12. Nihon Yamamura
10.12.1. Company Overview
10.12.2. Product Offerings
10.12.3. Financial Performance
10.12.4. Recent Initiatives
10.13. Amcor
10.13.1. Company Overview
10.13.2. Product Offerings
10.13.3. Financial Performance
10.13.4. Recent Initiatives
10.14. 3B - the fiberglass company
10.14.1. Company Overview
10.14.2. Product Offerings
10.14.3. Financial Performance
10.14.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1125
You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 774 402 6168
Contact Us:
Precedence Research
Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
Call: +1 774 402 6168
Email: sales@precedenceresearch.com
0 Comments