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Glass Manufacturing Market Analysis, Trends, Growth, Research And Forecast 2032
Glass Manufacturing Market
Glass Manufacturing Market Size, Growth Rate, And Forecast
The global glass manufacturing market size grew from $165 billion in 2022 to $175.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The glass manufacturing market size is expected to grow to $232.59 billion in 2027 at a CAGR of 7.3%.
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Glass Manufacturing Market Drivers
Increasing demand for consumer electronics and large-scale investments in infrastructure development is expected to propel the glass manufacturing market. The current digital revolution is causing an increase in the use of electronic devices. The country's growing middle-class population, rising disposable incomes, and falling electronics prices contribute to the market's growth. Additionally, there has been an upsurge in infrastructure activities due to the relaxation of lockdown and this elevates economic growth quality by enhancing innovation capacity and improving the industrial structure.
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Glass Manufacturing Market Segments
• By Product: Container Glass, Flat Glass, Fiber Glass, Other Products
• By Application: Packaging, Construction, Transportation, Electrical And Electronics, Telecommunication, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the glass manufacturing market.
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Glass Manufacturing Market Key Players
Major competitors in the glass manufacturing market include China Glass Holdings, Guardian Glass LLC, NSG Group, Corning Incorporated, Kyocera Corporation, Coorstek Group, Schott A.G, Morgan Advanced Materials, AIS Glass, Central Glass Ltd., AGC Inc., Central Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd.
The Business Research Company's "Global Glass Manufacturing Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Glass Manufacturing Market Include:
1. Executive Summary
2. Glass Manufacturing Market Characteristics
3. Glass Manufacturing Market Trends And Strategies
4. Glass Manufacturing Market - Macro Economic Scenario
5. Glass Manufacturing Market Size And Growth
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26. Africa Glass Manufacturing Market
27. Glass Manufacturing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glass Manufacturing Market
29. Glass Manufacturing Market Future Outlook and Potential Analysis
30. Appendix
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