India Commercial Glass Market Segmentation by Chemical Composition (Borosilicate, Soda Lime, Potash Lime, Potash Lead, and Silica Glass, and Others); by Glass Type (Flat, Fiber, Container, and Specialty Glass); by Product Type (Annealed, Coater, Reflective, and Processed Glass, Mirrors, and Others); by Manufacturing Process (Float Glass Process, and Glass Blowing); and by End-Use Industry (Automotive, Construction, Pharmaceutical, Food & Beverage, Solar Energy, and Others)-Demand Analysis & Opportunity Outlook 2020-2030
24 Jan 2022
Industrial Automation & Equipment
Impact Analysis on the Growth of Market
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The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.
India Commercial Glass Market Highlights Over 2020 - 2030
The India commercial glass market is estimated to garner a revenue of USD 4629.8 Million by the end of 2030 by growing at a CAGR of 6.42% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market in the nation registered a revenue of USD 2546.1 Million. The growth of the market can be attributed to growing demand for glass amongst the end-use industries, such as construction, automotive, energy, and others, along with the surge in government initiatives to promote the glass manufacturing industry in the nation. Commercial glasses are used in different end-use industries. In the construction industry, these glasses are used as facades in buildings or as window coverings. With the growing construction industry in the nation, the demand for these glasses is anticipated to grow significantly, and in turn, drive the market growth. According to the statistics by the National Investment Promotion & Facilitation Agency of the Government of India (GOI), the construction sector contributed to 9% of the GDP of the nation, and the real estate industry is projected to reach USD 1 Trillion by 2030.
On the other hand, in the automotive industry, commercial glasses are used widely in cars, buses, and other commercial vehicles. Backed by the growing vehicle production in the nation, the demand for these glasses is expected to grow significantly, and in turn, contribute to the market growth. According to the statistics by the International Organization of Motor Vehicle Manufacturers (OICA), the total number of vehicles produced in the nation increased from 3557073 units in the year 2010 to 4516017 units in the year 2019. Moreover, the nation is witnessing a significant inflow in investments from globally known vehicle manufacturing brands, which is also expected to create numerous opportunities for market growth in the coming years.
Besides this, the growing use of commercial glasses in solar panels, and the rising adoption of these panels for generating renewable energy in the nation is also projected to boost the market growth during the forecast period. According to the statistics by the India Brand Equity Foundation (IBEF), as of 2020, India was ranked fifth in solar power. Moreover, the government of the nation is aimed at achieving 114GW of solar capacity addition by 2022 as per the Paris Agreement, and further plants to achieve 523GW of renewable energy capacity by 2030. Additionally, the increasing use of glassware as cutlery in restaurants as well as for residential purposes, along with the growing use of different shapes of glassware for various type of beverages and food products are also expected to pose numerous opportunities for market growth in the coming years.
Growth Drivers and Challenges Impacting the Growth of the India Commercial Glass Market
Increasing Demand for Commercial Glass in the End-Use Industries
Rising Favorable Initiatives of the Government of the Nation to Support Industries that Use Glass
Increasing Cost of Raw Materials
High Capital Expenditure
India Commercial Glass Market Segmentation Synopsis
The India commercial glass market is segmented by chemical composition into borosilicate glass, soda lime glass, potash lime glass, potash lead glass, silica glass, and others. Out of these, the borosilicate glass segment is anticipated to garner the largest revenue of USD 1151.9 Million by the end of 2030, up from a revenue of USD 595.5 Million in the year 2020.By glass type, the market is segmented into flat glass, fiber glass, container glass, and specialty glass. Out of these, the container glass segment is anticipated to garner the largest revenue of USD 2048.7 Million by the end of 2030, up from a revenue of USD 1154.9 Million in the year 2020. By product type, the market is segmented into annealed glass, coater glass, reflective glass, processed glass, mirrors, and others. Out of these, the annealed glass segment is anticipated to garner the largest revenue of USD 2192.7 Million by the end of 2030, up from a revenue of USD 1276.6 Million in the year 2020. By manufacturing process, the market is segmented into float glass process, and glass blowing, out of which, the float glass process segment is anticipated to grow with the highest CAGR of 7.07% during the forecast period. By end-use industry, the market is segmented into automotive, construction, pharmaceutical, food & beverage, solar energy, and others. Out of these, the food & beverage segment is anticipated to generate the largest revenue of USD 1429.2 Million by the end of 2030, up from a revenue of USD 787.8 Million in the year 2020.
Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the India commercial glass market that are included in our report are Hindustan National Glass & Industries Limited, PGP Glass Private Limited, Asahi India Glass Limited, Saint-Gobain Group, Gold Plus Float Glass, Sejal Glass Ltd, FUSO Glass India Private Limited, Glass Wall Systems, Duratuf Glass Industries (P) Ltd., GSC GLASS LTD, and others.
Latest Developments in the India Commercial Glass Market:
July 30th, 2021: Asahi India Glass Limited announced that it has partnered with Vishakha Group, the Ahmedabad-based flexible polymer packaging company, for setting up a green field solar plant at Mundra in Gujrat, India. The plant, which will have its 1st phase manufacturing capacity of up to 3GW, is planned for commissioning within 18-24 months.
January 28th, 2019: Saint-Gobain Group announced that it has opened a new flat glass production line, also known as float glass, in Sriperumbudur, near Chennai, India. This manufacturing plant, which is built over a 70-hectare industrial site, is the fifth manufacturing plant, besides its other two floats and two coaters & advanced glass processing unit plants.
Key Reasons to Buy Our Report
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
FREQUENTLY ASKED QUESTIONS
The increasing demand for commercial glass in the end-use industries, along with the rising favorable initiatives of the government of the nation to support industries that use glass are anticipated to drive the market growth.
The market is anticipated to attain a CAGR of 6.42% over the forecast period, i.e., 2021 – 2030.
The increasing cost of raw materials, along with the high capital expenditure are estimated to hamper the market growth.
The major players in the market are Hindustan National Glass & Industries Limited, PGP Glass Private Limited, Asahi India Glass Limited, Saint-Gobain Group, Gold Plus Float Glass, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by chemical composition, glass type, product type, manufacturing process, and by end-use industry.
Which segment captures the largest market size in chemical composition segment in the India commercial glass market?
The borosilicate glass segment is anticipated to garner the largest revenue of USD 1151.9 Million by the end of 2030 and display significant growth opportunities.
1. Market Definition and Segmentation
2. Assumptions and Acronyms
3. Research Objective and Methodology
4. Executive Summary-India Commercial Glass Market
5. Market Dynamics
5.1. Market Drivers
5.2. Market Trends
6. Major Roadblocks for the Market Growth
7. Key Market Opportunities
8. Regulatory and Standards Landscape
9. Industry Risk Analysis
10. EXIM Analysis
11. Industry Value Chain Analysis
12.Industry Growth Outlook
13.Pricing Analysis of Commercial Glass Market
15. Competitive Positioning
16.1. Market Share Analysis, 2020
16.2. Competitive Benchmarking
16.3. Company Profiles
16.3.1. Hindustan National Glass & Industries Limited
16.3.2. PGP Glass Private Limited
16.3.3. Asahi India Glass Limited
16.3.4. Saint-Gobain Group
16.3.5. Gold Plus Float Glass
16.3.6. Sejal Glass Ltd
16.3.7. FUSO Glass India Private Limited
16.3.8. Glass Wall Systems
16.3.9. Duratuf Glass Industries (P) Ltd.
16.3.10. GSC GLASS LTD
17. India Commercial Glass Market Outlook 2020-2030
17.1. Market Overview
17.2. By Value (USD Million)
18.India Commercial Glass Market-Segmentation Analysis 2020-2030
18.1. Chemical Composition
18.1.1. Borosilicate glass, 2020-2030F (USD Million)
18.1.2. Soda lime glass, 2020-2030F (USD Million)
18.1.3. Potash lime glass, 2020-2030F (USD Million)
18.1.4. Potash lead glass, 2020-2030F (USD Million)
18.1.5. Silica glass, 2020-2030F (USD Million)
18.1.6. Others, 2020-2030F (USD Million)
18.2. Glass Type
18.2.1. Flat glass, 2020-2030F (USD Million)
18.2.2. Fiber glass, 2020-2030F (USD Million)
18.2.3. Container glass, 2020-2030F (USD Million)
18.2.4. Specialty glass, 2020-2030F (USD Million)
18.3. Product Type
18.3.1. Annealed glass, 2020-2030F (USD Million)
18.3.2. Coater glass, 2020-2030F (USD Million)
18.3.3. Reflective glass, 2020-2030F (USD Million)
18.3.4. Processed glass, 2020-2030F (USD Million)
18.3.5. Mirrors, 2020-2030F (USD Million)
18.3.6. Others, 2020-2030F (USD Million)
18.4. Manufacturing Process
18.4.1. Float glass process, 2020-2030F (USD Million)
18.4.2. Glass blowing, 2020-2030F (USD Million)
18.5. End-Use Industry
18.5.1. Automotive, 2020-2030F (USD Million)
18.5.2. Construction, 2020-2030F (USD Million)
18.5.3. Pharmaceutical, 2020-2030F (USD Million)
18.5.4. Food & beverage, 2020-2030F (USD Million)
18.5.5. Solar energy, 2020-2030F (USD Million)
18.5.6. Others, 2020-2030F (USD Million)
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- Hindustan National Glass & Industries Limited
- PGP Glass Private Limited
- Asahi India Glass Limited
- Saint-Gobain Group
- Gold Plus Float Glass
- Sejal Glass Ltd
- FUSO Glass India Private Limited
- Glass Wall Systems
- Duratuf Glass Industries (P) Ltd.
- GSC GLASS LTD