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The glass and glass products global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Glass And Glass Products Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The glass and glass products market size has grown strongly in recent years. It will grow from $217.03 billion in 2023 to $230.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to architectural boom, automotive industry growth, consumer electronics expansion, industrialization and manufacturing needs, renewal and replacement..
The glass and glass products market size is expected to see strong growth in the next few years. It will grow to $283.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to green building initiatives, smart glass technologies, electric and autonomous vehicles, increased focus on safety, advancements in display technologies.. Major trends in the forecast period include growing preference for recycled glass, digital transformation in glass manufacturing, expanding use of glass in electronics, safety and security considerations, global urbanization trends..
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Scope Of Glass And Glass Products Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Glass And Glass Products Market Overview
Market Drivers –
Demand for solar energy is expected to propel the growth of the glass and glass products market going forward. Solar energy is the conversion of sunlight into thermal or electrical energy. It uses energy to generate electricity, provide light or a warm indoor atmosphere, and heat water for household, commercial, or industrial purposes. Glass is used in solar panels because it can transfer sunlight without absorbing it, it works as a mirror with a reflecting coating on one or both sides that helps concentrate sunlight, and most solar panel glasses are tempered to endure harsh weather conditions. For instance, in September 2022, according to a report published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, solar PV power output grew by 179 terawatt hours (TWh) in 2021, reaching 1,000 TWh, representing a 22% increase over 2020. Moreover, it is predicted to attain an annual solar PV generation level of around 7,400 terawatt hours by 2030. Therefore, the demand for solar energy is driving the growth of the glass and glass products market.
Market Trends –
Product innovation is a key trend gaining popularity in the glass and glass products market. Major companies operating in the glass and glass products market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2021, Vitro Architectural Glass (Vitro, S.A.B. de C.V.), a US-based glass manufacturer, introduced VacuMax Vacuum Insulating Glass (VIG), which can be readily integrated into traditional and advanced glazing systems to give high R-values and insulating performance. The new device includes an 8.3mm tempered VIG unit, which is made up of two completely tempered glass lites separated by a non-leaded metal seal and a vacuum void. Its thin design and light weight enable it to be integrated into practically any traditional glazing system or window frame. This product is unique as it may improve the performance of any insulating glass unit by dramatically enhancing thermal efficiency, offering insulation performance that is two to four times greater than ordinary insulating glass and six to ten times better than standard monolithic glass.
The glass and glass products market covered in this report is segmented –
1) By Product Type: Tempered Glass, Laminated Glass, Basic Float Glass, Insulating Glass
2) By Distribution Channel: B2B (Business-To-Business), Specialized Stores, Supermarkets Or Hypermarkets, E-Commerce, Other Channels
3) By Application: Packaging, Construction, Transportation, Electrical And Electronics, Telecommunication, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the glass and glass products market in 2023. The regions covered in the glass and glass products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the glass and glass products market report are Guardian Industries Corp., Central Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Schott AG, China Glass Holdings Ltd., Compagnie de Saint-Gobain SA, Asahi Glass Company, Corning Incorporated, Vitro S.A.B. de C.V., Kyocera Corporation, CoorsTek Inc., Morgan Advanced Materials plc, Asahi India Glass Limited, Cardinal Glass Industries Inc., Dillmeier Glass Co., Cornwall Glass Ltd., McGrory Glass Inc., Owens-Illinois Inc., Fuyao Glass Industry Group, Pilkington Group Limited, Viracon Inc., Oldcastle Glass Inc., AGC Inc., Euroglas GmbH, Sisecam Group, PPG Flat Glass Inc., Saint-Gobain Glass Inc., Trulite Glass & Aluminum Solutions LLC, Gentex Corporation .
Table of Contents
1. Executive Summary
2. Glass And Glass Products Market Report Structure
3. Glass And Glass Products Market Trends And Strategies
4. Glass And Glass Products Market – Macro Economic Scenario
5. Glass And Glass Products Market Size And Growth
…..
27. Glass And Glass Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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