Jinjing Group

Jun 7, 2023

News provided by Share this article Share this article NEW YORK, June 7, 2023 /PRNewswire/ -- The global glass manufacturing  market is expected to grow by USD 58.31 billion. The market's growth momentum will progress at a CAGR of 6.04%. Some of the primary factors driving the growth of global glass manufacturing market are rise in sales of electronic display units, high demand from the construction industry, and rising demand for recyclable products. However, challenges from alternative product manufacturing are expected to limit the market growth, during the forecast period. Technavio has announced its latest market research report titled Global Glass Manufacturing Market 2023-2027 Discover some insights on market size historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report - Request a sample report Global Glass manufacturing market – Customer Landscape Our report analyzes the life cycle of the global glass manufacturing market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global glass manufacturing market, focusing on the adoption rates of the major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies for 2023-2027. To help companies evaluate and develop growth strategies, the report outlines – Key purchase criteria Global Glass manufacturing market – Vendor Analysis Vendor Landscape - The global glass manufacturing market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer glass manufacturing in the market are AGC Inc., BG Container Glass Public Co. Ltd., Bormioli Luigi S.p.A., Central Glass Co. Ltd., Compagnie de Saint Gobain, Corning Inc., Euroglas GmbH, Fuyao Glass Industry Group Co. Ltd., Glaston Oyj Abp, Jinjing Group Co. Ltd., KCC Glass Co. Ltd., Koch Industries Inc., Nathan Allan Glass Studios Inc., Nippon Sheet Glass Co. Ltd., Owens Corning, SCHOTT AG, Taiwan Glass Ind. Corp., TURKIYE SISE VE CAM FABRIKALARI A.S., Vitro SAB De CV, and Xinyi Glass Holdings Ltd. and others. What's New? - Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -  Buy the report! Vendor Offerings - AGC.Inc. : The company offers glass manufacturing solutions such as 99% UV Cut Glass, AS2, and Aspherical Glass. Global Glass Manufacturing Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on Application (Packaging, Construction, Electrical and electronics, Transportation, and Others), Product (Container glass, Flat glass, Fiber glass, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). In the glass manufacturing market, the packaging segment has grown significantly in recent years. Glass is an ideal material for packaging applications due to its excellent properties such as transparency, impermeability, and chemical stability. The food and beverage industry is one of the largest consumers of glass packaging. Growing demand for processed and packaged food and beverages is driving demand for glass packaging solutions. The pharmaceutical industry is also a major consumer of glass packaging due to its chemical stability and impermeability. Along with the increasing demand for pharmaceuticals, the demand for glass packaging solutions is also expected to increase during the forecast period, which is expected to drive the growth of the global glass manufacturing market during the forecast period. Geography Overview By geography, the global glass manufacturing market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global glass manufacturing market. APAC is expected to contribute 47% of the growth in the global glass manufacturing market. The market in the region is growing rapidly in recent years due to the increasing demand for glass products in industries such as construction, automotive, and electronics. APAC is the world's largest consumer and producer of glass. Factors contributing to the growth of the APAC glass manufacturing market include increasing urbanization and construction activities, growing automotive industry, increasing demand for electronic devices, and favorable government policies and initiatives. Rapid urbanization and increased construction activity in the region have increased the demand for glass products in the construction industry. APAC's automotive industry is growing rapidly, increasing demand for glass products used in automobile manufacturing. The growing popularity of electronic devices such as smartphones, laptops, and tablets has increased the demand for glass products for the manufacture of displays and touch screens. Governments in the region have implemented favorable policies and initiatives to promote investment in the glass manufacturing industry, contributing to the growth of the market. Countries contributing the most to the growth of the glass manufacturing market in APAC include China, India, Japan, South Korea and Indonesia. These countries are home to some of the world's largest glass manufacturers and are increasing investment in developing advanced manufacturing techniques to produce quality glass products. For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 -  Download a Sample Report Global Glass Manufacturing Market – Market Dynamics Market Driver Rise in sales of electronic display units is the key driving force - The global glass manufacturing market is driven by increasing sales of electronic display devices such as smartphones, tablets and televisions. Glass is used in the displays of these electronic devices, and with the increase in demand for these devices, the demand for glass products is expected to increase as well. Rising demand for high quality displays with improved resolution, durability and scratch resistance is expected to drive innovation in the glass manufacturing industry. To meet the demand for these products, manufacturers are developing new types of glass such as ultra-thin and flexible glass. Furthermore, with the increasing introduction of advanced technologies such as 5G, artificial intelligence, and virtual reality, the demand for electronic devices with high-quality displays is expected to increase. This trend is expected to further increase the demand for glass products in the electronics industry. Increasing sales of electronic display devices is expected to be the main driver of the growth of the global glass manufacturing market during the forecast period. Market Trend Investment in new glass manufacturing facilities is the key market trend - Investment in new glass production facilities is driven by increasing demand for glass products and the need to improve production efficiency and sustainability. Several major glass makers have announced plans to invest in new production facilities. For example, in 2020, Japan's AGC Corporation announced that it would build a new glass production plant in China to meet the growing demand for glass products in China. The new plant will produce high-performance glass for the automotive industry and is scheduled to start operations in 2022. Similarly, US-based Corning has announced that it will invest $500 million in a new glass manufacturing facility in North Carolina in 2021. The facility is expected to manufacture advanced glassware for smartphones, tablets and other electronic devices and is expected to create over 300 new jobs in the region during the forecast period. These investments in new production facilities are aimed at increasing production capacity, increasing efficiency and reducing costs. It also enables manufacturers to meet the growing demand for glass products, especially in the automotive and electronics industries. Additionally, these facilities are designed to incorporate the latest sustainable practices such as B. Reduce energy consumption and waste generation to meet the growing demand for green production. Overall, investments in new glass production facilities are expected to bring increased production, increased efficiency and improved sustainability, which is expected to drive growth in the focus market over the forecast period, thus leading to the growth of the global glass market. It shows a positive trend for the production market. Market Challenge The volatility of prices of raw material is hindering market growth - Raw material price volatility is a major challenge for the glass industry, as the prices of raw materials such as silica sand, soda and limestone are highly volatile. For example, the price of soda ash, a key raw material for glass manufacturing, fluctuated between about USD 200 and USD 500 per ton between 2015 and 2020, depending on market conditions. Commodity prices can also be affected by global economic conditions, trade disputes and natural disasters, all of which can lead to supply chain disruptions and price fluctuations. This price volatility can adversely affect the profitability of glass manufacturers, especially small and medium enterprises that do not have the resources to absorb price volatility. It can also affect manufacturers' competitiveness in terms of price, quality and innovation. Therefore, fluctuations in raw material prices are likely to hamper the growth of the global glass manufacturing market during the forecast period. What are the key data covered in this Glass Manufacturing Market report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the glass manufacturing market between 2023 and 2027 Precise estimation of the size of the glass manufacturing market size and its contribution to the market in focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the glass manufacturing market industry across APAC, North America, Europe, Middle East and Africa, and South America A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of Glass Manufacturing Market vendors Gain instant access to 17,000+ market research reports. Related Reports: The glass packaging market is estimated to grow at a CAGR of 4.05% between 2022 and 2027. The size of the market is forecast to increase by USD 14,102.52 million. This report extensively covers market segmentation by type (borosilicate glass, soda lime glass, and de-alkalized soda lime glass), end-user (food and beverage, personal care, pharmaceutical, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The glass fiber reinforced concrete (GFRC) market share is projected to surge to USD 600.55 million by 2026 at a progressing CAGR of 6.16%. The report extensively covers glass fiber reinforced concrete (GFRC) market segmentation by application (Commercial construction, residential construction, and civil and other infrastructure construction), by geography (North America, Europe, APAC, South America, and Middle East and Africa). Glass Manufacturing Market Scope Key companies profiled AGC Inc., BG Container Glass Public Co. Ltd., Bormioli Luigi S.p.A., Central Glass Co. Ltd., Compagnie de Saint Gobain, Corning Inc., Euroglas GmbH, Fuyao Glass Industry Group Co. Ltd., Glaston Oyj Abp, Jinjing Group Co. Ltd., KCC Glass Co. Ltd., Koch Industries Inc., Nathan Allan Glass Studios Inc., Nippon Sheet Glass Co. Ltd., Owens Corning, SCHOTT AG, Taiwan Glass Ind. Corp., TURKIYE SISE VE CAM FABRIKALARI A.S., Vitro SAB De CV, and Xinyi Glass Holdings Ltd. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of content Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size Exhibit 18: Historic Market Size – Data Table on global glass manufacturing market 2017 - 2021 ($ billion) 4.2 Application Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion) 4.3 Product Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion) 4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion) 4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Application 6.3 Packaging - Market size and forecast 2022-2027 Exhibit 34: Chart on Packaging - Market size and forecast 2022-2027 ($ billion) Exhibit 35: Data Table on Packaging - Market size and forecast 2022-2027 ($ billion) Exhibit 36: Chart on Packaging - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Packaging - Year-over-year growth 2022-2027 (%) 6.4 Construction - Market size and forecast 2022-2027 Exhibit 38: Chart on Construction - Market size and forecast 2022-2027 ($ billion) Exhibit 39: Data Table on Construction - Market size and forecast 2022-2027 ($ billion) Exhibit 40: Chart on Construction - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Construction - Year-over-year growth 2022-2027 (%) 6.5 Electrical and electronics - Market size and forecast 2022-2027 Exhibit 42: Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ billion) Exhibit 43: Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ billion) Exhibit 44: Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%) 6.6 Transportation - Market size and forecast 2022-2027 Exhibit 46: Chart on Transportation - Market size and forecast 2022-2027 ($ billion) Exhibit 47: Data Table on Transportation - Market size and forecast 2022-2027 ($ billion) Exhibit 48: Chart on Transportation - Year-over-year growth 2022-2027 (%) Exhibit 49: Data Table on Transportation - Year-over-year growth 2022-2027 (%) 6.7 Others - Market size and forecast 2022-2027 Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%) Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%) 6.8 Market opportunity by Application Exhibit 54: Market opportunity by Application ($ billion) Exhibit 55: Data Table on Market opportunity by Application ($ billion) 7 Market Segmentation by Product 7.1 Market segments Exhibit 59: Data Table on Comparison by Product 7.3 Container glass - Market size and forecast 2022-2027 Exhibit 60: Chart on Container glass - Market size and forecast 2022-2027 ($ billion) Exhibit 61: Data Table on Container glass - Market size and forecast 2022-2027 ($ billion) Exhibit 62: Chart on Container glass - Year-over-year growth 2022-2027 (%) Exhibit 63: Data Table on Container glass - Year-over-year growth 2022-2027 (%) 7.4 Flat glass - Market size and forecast 2022-2027 Exhibit 64: Chart on Flat glass - Market size and forecast 2022-2027 ($ billion) Exhibit 65: Data Table on Flat glass - Market size and forecast 2022-2027 ($ billion) Exhibit 66: Chart on Flat glass - Year-over-year growth 2022-2027 (%) Exhibit 67: Data Table on Flat glass - Year-over-year growth 2022-2027 (%) 7.5 Fiber glass - Market size and forecast 2022-2027 Exhibit 68: Chart on Fiber glass - Market size and forecast 2022-2027 ($ billion) Exhibit 69: Data Table on Fiber glass - Market size and forecast 2022-2027 ($ billion) Exhibit 70: Chart on Fiber glass - Year-over-year growth 2022-2027 (%) Exhibit 71: Data Table on Fiber glass - Year-over-year growth 2022-2027 (%) 7.6 Others - Market size and forecast 2022-2027 Exhibit 72: Chart on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 73: Data Table on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 74: Chart on Others - Year-over-year growth 2022-2027 (%) Exhibit 75: Data Table on Others - Year-over-year growth 2022-2027 (%) 7.7 Market opportunity by Product Exhibit 76: Market opportunity by Product ($ billion) Exhibit 77: Data Table on Market opportunity by Product ($ billion) 8 Customer Landscape Exhibit 82: Data Table on Geographic comparison 9.3 APAC - Market size and forecast 2022-2027 Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.4 North America - Market size and forecast 2022-2027 Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.5 Europe - Market size and forecast 2022-2027 Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.6 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.7 South America - Market size and forecast 2022-2027 Exhibit 99: Chart on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.8 China - Market size and forecast 2022-2027 Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ billion) Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ billion) Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%) 9.9 US - Market size and forecast 2022-2027 Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ billion) Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ billion) Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%) 9.10 Germany - Market size and forecast 2022-2027 Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ billion) Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ billion) Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.11 France - Market size and forecast 2022-2027 Exhibit 115: Chart on France - Market size and forecast 2022-2027 ($ billion) Exhibit 116: Data Table on France - Market size and forecast 2022-2027 ($ billion) Exhibit 117: Chart on France - Year-over-year growth 2022-2027 (%) Exhibit 118: Data Table on France - Year-over-year growth 2022-2027 (%) 9.12 India - Market size and forecast 2022-2027 Exhibit 119: Chart on India - Market size and forecast 2022-2027 ($ billion) Exhibit 120: Data Table on India - Market size and forecast 2022-2027 ($ billion) Exhibit 121: Chart on India - Year-over-year growth 2022-2027 (%) Exhibit 122: Data Table on India - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography Exhibit 123: Market opportunity by geography ($ billion) Exhibit 124: Data Tables on Market opportunity by geography ($ billion) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact