The Glass Manufacturing Global Market Report 2023 by The Business Research Company, provides glass manufacturing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Glass Manufacturing Global Market Report 2023, the market size will grow from $165 billion in 2022 to $175.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global glass manufacturing is expected to grow to $232.59 billion in 2027 at a CAGR of 7.3%.
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.
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The glass manufacturing market 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
Technological innovation is a key trend gaining popularity in the glass manufacturing market. Major companies operating in the glass manufacturing market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation glass manufacturing technologies into their manufacturing processes, such as VRT and plasma technologies, white paper, laser, Radiation-induced glass coloring, solarization, IT, AI and others. For instance, in February 2021, O-I Glass, a glass container manufacturing company, introduced a technology named MAGMA (Modular Advanced Glass Manufacturing Asset) glassmaking process, a flexible, modular, standardized glass production line that will allow for rapid mobile capacity expansion in smaller increments.
The glass manufacturing market report table of contents includes:
1. Executive Summary
2. Glass Manufacturing Market Characteristics
3. Glass Manufacturing Market Trends And Strategies
4. Glass Manufacturing Market – Macro Economic Scenario
5. Glass Manufacturing Market Size And Growth
………….
26. Africa Glass Manufacturing Market
27. Glass Manufacturing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glass Manufacturing Market
29. Glass Manufacturing Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
China Glass Holdings
Guardian G
lass LLC
NSG GroupCorning Incorporated
Kyocera Corporation
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