Glass Manufacturing Global Market Estimated to Surge at a CAGR of 5.5% to Reach $224.14 Billion By 2028 | Saint Gobain, PPG Industries, Schott AG, Cornwall Glass, Libbey Inc.

Overview and Scope
The glass manufacturing refers to a manufacturing facility where the process of manufacturing glass is divided into five stages that include a collection of raw materials, preparation of batch, melting in a furnace, fabrication, and annealing.

Sizing and Forecast
The glass manufacturing market size has grown strongly in recent years. It will grow from $171.64 billion in 2023 to $181.14 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to rise of glass recycling, cultural and decorative trends, innovations in insulation and energy efficiency, health and safety regulations, glass in electronics and displays.

The glass manufacturing market size is expected to see strong growth in the next few years. It will grow to $224.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to smart glass evolution, energy efficiency and green materials, urbanization and infrastructure development, electronics and displays market expansion, advancements in automotive glass. Major trends in the forecast period include consumer preferences and decor trends, rise in automotive sector, customization and design flexibility, urbanization and infrastructure growth, electronics and display industry demand.

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Segmentation & Regional Insights
The glass manufacturing market covered in this report is segmented –
1) By Product: Container Glass, Flat Glass, Fiber Glass, Other Products
2) By Application: Packaging, Construction, Transportation, Electrical And Electronics, Telecommunication, Other Applications

Asia-Pacific was the largest region in the glass manufacturing market in 2023. The regions covered in the glass manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Increasing demand for consumer electronics and large-scale investments in infrastructure development is expected to propel the glass manufacturing market. The current digital revolution is causing an increase in the use of electronic devices. The country’s growing middle-class population, rising disposable incomes, and falling electronics prices contribute to the market’s growth. Additionally, there has been an upsurge in infrastructure activities due to the relaxation of lockdown and this elevates economic growth quality by enhancing innovation capacity and improving the industrial structure. For instance, in April 2022, a report published by India Brand Equity Foundation stated that the consumer electronics and appliances industry is expected to grow more than double to $21.18 billion by 2025, from $9.84 billion in 2021. In addition, a report by India Brand Equity Foundation, by 2022, India is expected to be the third biggest construction market. Therefore, increasing demand for consumer electronics and large-scale investments in infrastructure development is driving the glass manufacturing market.

Key Industry Players
Major companies operating in the glass manufacturing market report are Pilkington Group Limited, Saint Gobain, ThermoFisher Scientific, Nippon Sheet Glass, PPG Industries, Kyocera Corporation, Corning Incorporated, NSG Group, O-I Glass, Smart Glass Country, Fuyao Glass Industry Group, Schott AG, Vitro, Pella Corp., Libbey Inc., Anchor Glass Container Corporation, China Glass Holdings, Viracon, Borosil Glass Works Ltd., Sichuan Shubo Group, Cornwall Glass, Gardner Glass Products, Guardian Glass LLC, Belletech Corp, Fenton Art Glass Company, MCGRORY GLASS INC., Nathan Allan Glass Studios Inc., Pegasus Glassworks Inc., Technical Glass Products Inc., Beijing Glass Group, Wuhan Changli Glass

The glass manufacturing market report table of contents includes:
1. Executive Summary