Glass Manufacturing Global Market Report 2024

The glass manufacturing market size has grown strongly in recent years. It will grow from $171.64 billion in 2023 to $181.14 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The increase during the historical period can be credited to the rise of glass recycling, cultural and decorative trends, innovations in insulation and energy efficiency, adherence to health and safety regulations, and the incorporation of glass in electronics and displays.

The glass manufacturing market size is expected to see strong growth in the next few years. It will grow to $224.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be ascribed to the evolution of smart glass, emphasis on energy efficiency and green materials, urbanization and infrastructure development, expansion in the electronics and displays market, and advancements in automotive glass. Key trends expected in the forecast period encompass consumer preferences and decor trends, a rise in the automotive sector, increased demand for customization and design flexibility, urbanization, and infrastructure growth, as well as the demand from the electronics and display industry.

The glass manufacturing market is poised for growth, driven by the increasing demand for consumer electronics and substantial investments in infrastructure development. The digital revolution has led to a surge in the use of electronic devices, contributing to the demand for glass. Factors such as a growing middle-class population, rising disposable incomes, and falling electronics prices further contribute to market growth. In India, the consumer electronics and appliances industry is expected to more than double to $21.18 billion by 2025, as reported in April 2022. Additionally, India is projected to be the third-largest construction market by 2022. Hence, the combination of consumer electronics demand and infrastructure investments is propelling the glass manufacturing market.

The glass manufacturing market is poised for growth due to the expanding construction industry. Glass is an essential material in construction, supporting functional and aesthetic design, fostering innovation, and contributing to a complex ecosystem. In October 2023, U.S. construction spending reached a seasonally adjusted annual rate of $2,027.1 billion, indicating a 0.6% increase from the revised September estimate. This 10.7% year-over-year growth highlights the significant role of the growing construction industry in driving the glass manufacturing market.

Technological innovation is a key trend in the glass manufacturing market, with major companies focusing on advanced solutions to strengthen their market standing. These companies are incorporating next-generation technologies such as VRT, plasma technologies, white paper, laser, Radiation-induced glass coloring, solarization, IT, AI, and others into their manufacturing processes. For example, in February 2021, O-I Glass introduced the MAGMA (Modular Advanced Glass Manufacturing Asset) glassmaking process, a flexible and modular glass production line that enables rapid mobile capacity expansion in smaller increments.

Major companies are intensifying their focus on introducing innovative products, such as glass tubing, to gain a competitive edge. Glass tubing, a long, hollow cylinder made from various types of glass, offers unique properties. For instance, in October 2023, SCHOTT AG, a Germany-based glass manufacturing company, introduced FIOLAX Pro glass tubing. This innovative Type I borosilicate glass, part of SCHOTT's FIOLAX Special Glass Tubes for Pharmaceutical Packaging line, is chemically resistant, arsenic-free, and clear, making it suitable for primary pharmaceutical packaging applications.

In August 2023, Kandil Glass, an Egypt-based packaging company, acquired Cleopatra Glass Factory for an undisclosed amount. With this acquisition, Kandil Glass aims to expand its production capacity. Cleopatra Glass Factory is an Egypt-based company producing glass products.

Major companies operating in the glass manufacturing market report are Pilkington Group Limited, Saint Gobain, Thermo Fisher Scientific, Nippon Sheet Glass, PPG Industries, Kyocera Corporation, Corning Incorporated, NSG Group, O-I Glass, Smart Glass Country, Fuyao Glass Industry Group, Schott AG, Vitro, Pella Corp., Libbey Inc., Anchor Glass Container Corporation, China Glass Holdings, Viracon, Borosil Glass Works Ltd., Sichuan Shubo Group, Cornwall Glass, Gardner Glass Products, Guardian Glass LLC, Belletech Corp, Fenton Art Glass Company, MCGRORY GLASS INC., Nathan Allan Glass Studios Inc., Pegasus Glassworks Inc., Technical Glass Products Inc., Beijing Glass Group, Wuhan Changli Glass.

Asia-Pacific was the largest region in the glass manufacturing market in 2023. The regions covered in the glass manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the glass manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary product categories are container glass, flat glass, fiber glass, and others. Container glass, which is heat-resistant, encompasses pyrex, lead-based glass such as crystal, and TV tubes. This type of glass is utilized in the production of containers such as bottles, drinkware, jars, and bowls. Glass manufacturing finds applications in various industries, including packaging, construction, transportation, electrical and electronics, telecommunication, and others.

The glass manufacturing market research report is one of a series of new reports that provides glass manufacturing market statistics, including glass manufacturing industry global market size, regional shares, competitors with an glass manufacturing market share, detailed glass manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the glass manufacturing industry. This glass manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The glass manufacturing market includes revenues earned by entities by manufacturing annealed glass, heat strengthened glass, tempered or toughened glass, and laminated glass. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.