Glass Manufacturing Market Forecasting to 2028 Top Companies Corning Incorporated, NSG Group, Kyocera Corporation, Schott A.G, Coorstek Group, Morgan Advanced Materials, Guardian Glass LLC, AIS Glass, China Glass Holdings, and Central Glass Ltd.

The global glass manufacturing market size was valued at USD 79.2 billion in 2019 and is anticipated to grow at a CAGR of 3.9% during the forecast period. Glass manufacturing is a fabrication methodology to produce flat glass, container glass, fiber glass, and specialty glass. The manufacturing technology is highly dependent on product type. For instance, float glass process is used to manufacture flat glass and container glass is produced through blowing. Glass has functionally transformed from luxurious decorative piece to functional material with several advancements in multiple industry verticals. These are versatile material and witnessed wide scale application ranging from construction to advanced aeronautics. Advancements in technologies, such as pre-regs and fiber roving have extended the material capabilities significantly.

The dominated players in the glass manufacturing market include Corning Incorporated, NSG Group, Kyocera Corporation, Schott A.G, Coorstek Group, Morgan Advanced Materials, Guardian Glass LLC, AIS Glass, China Glass Holdings, and Central Glass Ltd.

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Product Outlook:
Based on product, the market has been segmented into Flat Glass, fiber glass, container glass and specialty glass. The Specialty glass segment is expected to dominate the market in 2018 and further expected to lead the market during the forecast period. Different reasons behind the dominance of specialty glass are rising application of specialty glass lens, scientific glass ware, electronics, and automotive products is stimulating the glass producing market demand. Superior features such as immunity to sudden temperature changes, chemical inertness, and durability allows specialty glass to outperform general glass in many verticals. Borosilicate glass is amongst the major constituent in specialty glass segment owing to its favorable and dynamic physical characteristics.

Regional Outlook:
Based on the region, the global glass manufacturing market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America governs the worldwide glass manufacturing market in 2018. Asia Pacific is expected to dominate the market because the manufacturers are shifting towards the region due to the availability of economical labor, land, and raw materials. In addition, favorable economic conditions and social aspects that influence glass consumption plays an important role in establishing production units in this region. Moreover, increasing construction and infrastructure development activities will positively influence the glass manufacturing market expansion.

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-Market Segmentation:
-By Product
• Flat Glass
• Fiber Glass
• Container Glass
• Specialty Glass

-By Sector
• Packaging
• Automotive & Transportation
• Construction
• Telecommunication
• Electronics

-By Region:
• North America
o By Country (US, Canada, Mexico)
o By Type
o By End User

• Western Europe
o By Country (Germany, Russia, UK, France, Italy,
Spain, Rest of Western Europe)
o By Type
o By End User

• Asia Pacific
o By Country (China, Japan, India, South Korea,
Australia, Rest of Asia Pacific)
o By Type
o By End User

• Middle East & Africa
o By Country (UAE, Saudi Arabia, Qatar, South
Africa, Rest of Middle East & Africa)
o By Type
o By End User

• South America
o By Country (Brazil, Argentina, Colombia, Rest
of South America)
o By Type
o By End User

Reasons to Buy This Report:
• Market size estimation of the glass
manufacturing market on a regional and global
basis
• Unique research Usage for market size
estimation and forecast
• Profiling of major companies operating in the
market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.