Glass Manufacturing Market (By Product: Flat Glass, Container Glass, Fiberglass, and Others; By Application: Construction, Packaging, Transportation, Telecommunication, Electronics, and Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027


The glass manufacturing market was valued at US$ 130 billion in 2020 and expected to be worth around US$ 180.94 billion by 2027, with a CAGR of 4.5% over the forecast period 2021 to 2027.

Glass Manufacturing Market Size 2020 to 2027

An escalating growth in the demand for consumer electronics products owing to increasing penetration of Artificial Intelligence (AI) in consumer and business applications, proliferation in the production of smartphones, and declining prices of consumer electronic devices are some of the major factors that drive the market growth.

Other than this, profound increase rise in the infrastructure development along with construction activities projected to propel the demand for glasses over the upcoming timeframe. For instance, in January 2019, the government of Saudi Arabia announced to invest more than USD 426 Billion in infrastructure projects by 2030 primarily for the development in key areas for example technology, hospitality, and mobility.

Additionally, increasing concern among government of various regions to avoid the non-degradable substances for packaging and other applications have spur the demand for glass as an alternative source. Glasses are the most preferred materials over non-degradable and wood products owing to environmental protection concern and preventing the fast depletion rate of natural resources. The above mentioned factors expected to prosper the market growth over the forthcoming years.

Product Insights

Container glass captured the maximum market share in terms of volume and accounting for around 50% in the year 2019. This is mainly attributed to the rapid growth of beer industry along with significant demand of alcoholic beverages especially in Eastern Europe and the Asia Pacific regions. Furthermore, shifting consumer preference from plastic container towards glass container because of its attractive properties in the kitchen storage materials sector predicted to spur the growth of the segment over the analysis period.

Glass Manufacturing Market Share, By Product, 2020 (%)

In terms of revenue, fiberglass anticipated to witness the fastest growth rate of more than 4%between the years 2020 and 2027. Extensive application of fiberglass in automobile industry owing to its high strength and lightweight properties attributed as the key factor that drives the growth of the segment. Further, increasing usage of fiberglass in construction & building sector especially for insulation and composite applications likely to propel the growth of the segment over the analysis period.

Flat glass is the other most significant product segment that exhibits prominent growth over the forthcoming years. Solar application expected to be the crucial factor in driving the demand of the flat glass in the years to come. With numerous benefits of renewable energy over conventional sources propel the installation of solar power plants across the globe. Furthermore, environmental concerns, advancements in solar technology, depletion of non-renewable resources, and reductions in the cost of solar installations are the other significant factors that contribute towards the growth of flat glasses in the near future.

Application Insights

Packaging application dominated the global market and accounted for a value share of roughly 45% in the year 2019. Glass is more hygienic compared to other materials and have superior flavor retention capability that makes it ideal in food packaging application. Other than this, extensive demand of glass materials for packaged consumer goods because of increasing consumer disposable income especially in developing economies of the Asia Pacific and Middle East &Africa.

Glass Manufacturing Market Share, By Application, 2020 (%)

Electronics application projected to register the fastest growth of over 5.0% in terms of value over the forecast timeframe. The growth of the segment can be attributed to the rapid expansion and rising innovation in the production of consumer electronic devices. Further, increasing penetration of scratch-resistant glasses particularly in smartphones and tablets expected to boost the growth of the segment over the coming years.

Regional Insights

The Asia Pacific encountered as the largest market for the glass manufacturing accounting for approximately half of the volume share in 2020. This is attributed to the significant presence of consumer base for numerous applications of glass such as automotive, kitchen utensils, packaging, consumer electronics, and many other applications.

Glass Manufacturing Market Share, By Region, 2020 (%)

North America emerged as the third largest market in terms of volume in the year 2020. Though packaging industry accounts for the largest share in the market, demand for jumbo coated architectural flat glass registered significant growth since the past few years. The trend expected to continue for notable time period.

Key Companies & Market Share Insights

The global glass manufacturing industry seeks intense competition among the market players owing to rising penetration of major players in same application segment. For instance, several players in the industry are focusing towards particular product segment. Ardagh; Owens Illinois Inc.; and Vetropack dominated the container glass market whereas Saint Gobain; AGC Inc.; and Guardian Industries are the key players in flat glass sector. The Asia Pacific is considered as the potential market due to significant economic growth of the region within past few years. In June 2018, Şişecam Group acquired 49.8% stake in HNG Float Glass Limited to strengthen its position in the India market.

Some of the prominent players in the glass manufacturing market include:

  • AGC Inc.
  • Heinz Glass
  • Nippon Sheet Glass Co., Ltd.
  • Saint Gobain
  • Central Glass Co. Ltd.
  • Nippon Electric Glass Co. Ltd.
  • Guardian Industries
  • Fuyao Glass Industry Group Co., Ltd.
  • Owens Illinois Inc.
  • NSG Co., Ltd
  • Koa Glass
  • Nihon Yamamura
  • Amcor
  • 3B - the fiberglass company

Scope of the Glass Manufacturing Market

Report Highlights Details
Market Size USD 180.94 Billion by 2027
Growth Rate CAGR of 4.5% From 2021 to 2027
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World
Companies Mentioned AGC Inc., Heinz Glass, Nippon Sheet Glass Co., Ltd., Saint Gobain, Central Glass Co. Ltd., Nippon Electric Glass Co. Ltd., Guardian Industries, Fuyao Glass Industry Group Co., Ltd.

 

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it product, application, and region:

By Product

  • Flat Glass
  • Container Glass
  • Fiberglass
  • Others

By Application

  • Construction
  • Packaging
  • Transportation
  • Telecommunication
  • Electronics
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World
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Frequently Asked Questions

What is the current size of glass manufacturing market?
The global glass manufacturing market size is expected to be worth US$ 180.94 billion by 2027.
The global glass manufacturing market is growing with at a CAGR of 4.5% during the forecast period 2021 to 2027.
Container glass captured the maximum market share in terms of volume accounting for around 50% in 2019 due to the rapid growth of beer industry along with significant demand of alcoholic beverages.
Asia Pacific encountered was the prime market with nearly 50% of the volume stake in 2019 attributed to the significant presence of consumer base for numerous applications of glass.
Rising construction activities along with the government initiatives supporting development of infrastructural are accentuating the glass manufacturing market over the projected period. For instance, in December 2019, 16 megaprojects for construction sector were announced catering to the commercial and hospitality segments in UAE that provides significant growth potential for the glass industry in the developing and developed economies.
Some of the key players operating in the market are AGC Inc., Heinz Glass, Nippon Sheet Glass Co., Ltd., Saint Gobain, Central Glass Co. Ltd., Nippon Electric Glass Co. Ltd., Guardian Industries, Fuyao Glass Industry Group Co., Ltd., Owens Illinois Inc., NSG Co., Ltd, Koa Glass, Nihon Yamamura, Amcor, and 3B - the fiberglass company among others.
Packaging application dominated the global market and accounted for a value share of roughly 45% in 2019 owing to its superior flavor retention capability .

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