NEW YORK, Jan. 31, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The global glass manufacturing market size is estimated to grow by USD 70.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.79% during the forecast period. Rise in sales of electronic display units is driving market growth, with a trend towards investment in new glass manufacturing facilities. However, volatile prices of raw materials for glass manufacturing poses a challenge. Key market players include AGC Inc., BG Container Glass Public Co. Ltd., Bormioli Luigi S.p.A., Central Glass Co. Ltd., Compagnie de Saint-Gobain S.A., 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..

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Market Driver

The glass manufacturing market is experiencing significant trends in various sectors. In the construction industry, there's a growing demand for recyclable materials in façades, windows, doors, railings, and solar energy applications. The telecom industry and green buildings are also driving the market for flat glass. In the packaging sector, glass containers are gaining popularity due to their sustainability, reusability, and recyclability. Solar power plants and consumer electronic devices, including scratch-resistant glasses for tablets and electronics, are key areas for solar application and renewable energy. Raw material prices, particularly for container glass, are a concern for manufacturers like Berlin Packaging. In the packaging application, plastic, acrylic, plexiglass, and polycarbonate are alternatives to glass, but they face challenges with hygienic properties and particle migration. The chemicals in plastic, such as BPA, are under scrutiny in food and beverage packaging for condiments, instant coffee, dairy products, syrups, processed fruit & vegetables, and vaccine manufacturers. Colored glass is in demand for its UV ray protection in various industries. A glass shortage due to raw materials is also impacting the market. Glass bottles and vials for vaccine storage are essential in the pharmaceutical sector. 

The glass manufacturing industry is witnessing significant investment in new facilities due to escalating demand for glass products and the requirement for enhanced production efficiency and sustainability. Notable companies, including Corning Inc. And Optiemus, have announced plans to establish new manufacturing sites. For instance, in June 2024, they broke ground on India's first Gorilla cover glass facility in Tamil Nadu. This development is expected to bolster the global glass manufacturing market by expanding local production and catering to the growing need for advanced glass products. These investments aim to boost production capacity, improve efficiency, and lower costs. 

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Market Challenges

• The glass manufacturing market faces several challenges in various sectors. In the construction industry, the use of recyclable materials for façades, windows, doors, railings, and solar energy applications is crucial. Raw material prices, particularly for container glass, impact profitability. In the telecom industry, demand for fiberglass and solar application in renewable energy and solar power plants is growing. In the packaging sector, consumer expectations for sustainable glass containers with reusability and recyclability are increasing. Plastic, acrylic, plexiglass, and polycarbonate alternatives face scrutiny due to chemicals like BPA in plastic and particle migration concerns. The electronics sector requires scratch-resistant glasses for tablets and consumer electronic devices. Hygienic properties are essential for food and beverage packaging, including condiments, instant coffee, dairy products, syrups, and processed fruit & vegetables. Vaccine manufacturers rely on colored glass to protect against UV rays for storage. A glass shortage due to raw material availability and high demand for glass bottles and vials in various industries is a significant challenge. Companies like Berlin Packaging, Saverglass, and others are addressing these challenges through innovation and sustainable practices.
• The glass manufacturing industry faces considerable challenges due to the volatile prices of essential raw materials. Raw materials like silica sand, soda ash, and limestone experience significant price fluctuations. For instance, the price of soda ash, a crucial component in glass production, ranged from approximately USD350 to USD400 per metric ton from 2020 to 2023. External factors, such as global economic conditions, trade disputes, and natural disasters, can disrupt supply chains and cause price instability. These price swings can negatively impact glass manufacturers' profitability, particularly smaller businesses, which may lack the financial resources to absorb such fluctuations.

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Segment Overview 

This glass manufacturing market report extensively covers market segmentation by

1. Application 
   • 1.1 Packaging
   • 1.2 Construction
   • 1.3 Electrical and electronics
   • 1.4 Transportation
   • 1.5 Others
2. Product 
   • 2.1 Container glass
   • 2.2 Flat glass
   • 2.3 Fiber glass
   • 2.4 Others
3. Geography 
   • 3.1 APAC
   • 3.2 North America
   • 3.3 Europe
   • 3.4 Middle East and Africa
   • 3.5 South America

1.1 Packaging- The global glass manufacturing market has seen notable expansion in the packaging sector. Glass's desirable traits, including transparency and impermeability, make it a preferred choice for various applications. The food and beverage industry is a significant consumer, driven by the increasing demand for processed and packaged goods. Similarly, the pharmaceutical sector relies heavily on glass due to its chemical stability and impermeability. With the escalating need for pharmaceutical products, the market for glass packaging solutions is poised for growth. Consequently, the glass manufacturing market is anticipated to expand steadily throughout the forecast period.

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Research Analysis

The glass manufacturing market encompasses various applications, including recyclable materials for the construction & building sector, facades, windows, doors, railings, glass containers, and solar energy. Raw material prices significantly impact the industry, with container glass and flat glass being major segments. The use of glass extends beyond buildings, reaching solar energy applications in solar power plants and renewable energy solutions. In the packaging sector, glass containers are preferred for their durability and preservative properties, while the electronics sector demands scratch-resistant glasses for consumer electronic devices. Home interior products, such as decorative glass, also contribute to the market's growth. Alternative materials like plastic and acrylic pose competition, but glass maintains its position due to its versatility and sustainability.

Market Research Overview

The glass manufacturing market is experiencing significant growth due to the increasing demand for recyclable materials in various industries. Glass is being used extensively in façades, windows, doors, railings, solar energy applications, and glass containers. The raw material prices for glass have been volatile due to the shortage of raw materials. In the packaging industry, sustainable glass containers are gaining popularity due to their reusability and recyclability. The solar energy sector is another major consumer of glass, with solar power plants requiring large quantities of flat glass for solar panels. The construction and building sector also utilizes a vast amount of glass, particularly in the production of fiberglass and decorative glass. The telecom industry, electronics sector, and home interior products are other significant markets for glass. Glass is also used in the production of scratch-resistant glasses for consumer electronic devices like tablets and smartphones. The chemicals in plastic, such as BPA (Bisphenol A), have raised concerns about health and safety, leading to a shift towards glass and other alternatives like acrylic, plexiglass, and polycarbonate. The hygienic properties of glass make it an ideal choice for food and beverage packaging, particularly for condiments, instant coffee, dairy products, syrups, processed fruit & vegetables, and vaccine manufacturers. UV rays are another application area for glass, with colored glass being used to block them. The glass shortage is a concern for various industries, and efforts are being made to increase the production capacity and explore alternative raw materials. Glass bottles and vials are widely used in the pharmaceutical industry for vaccine storage.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• • Packaging
  • Construction
  • Electrical And Electronics
  • Transportation
  • Others
• Product
• • Container Glass
  • Flat Glass
  • Fiber Glass
  • Others
• Geography
• • APAC
  • North America
  • Europe
  • Middle East And Africa
  • South America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio