Research Nester published a report titled “India Commercial Glass Market: Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the India commercial glass market in terms of market segmentation by chemical composition, glass type, product type, manufacturing process, and by end user industry.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The India commercial glass market is expected to grow at a CAGR of 6.42% over the forecast period i.e., 2022-2031. On the basis of product type, the India commercial glass market is segmented into annealed glass, coater glass, reflective glass, processed glass, mirrors and others. Amongst all, the annealed glass segment garnered a revenue of USD 1,341.1 million in 2021. The segment is to grow at a CAGR of 5.82% over the forecast period and it is expected to collect a revenue of USD 2,303.6 million by the end of 2031. Higher housing construction and growing real estate sector is to propel the growth of the annealed glass segment.
The India commercial glass market is primarily driven by higher infrastructural activities, increasing housing demand, more number of with in-built sunroof, government smart cities mission and increased number of metro projects. The market is expected to collect a revenue of USD 4,863.9 million by the end of 2031. Moreover, the India commercial market garnered a revenue of USD 2,674.8 million in the year 2021.
However, increased prices of raw material, higher capital requirement in glass industry and low durability of various glasses are few factors which are expected to operate as key restraint to the growth of the India commercial glass market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the India commercial glass which includes company profiling of Corning Incorporated, GSC GLASS LTD, Duratuf Glass Industries (P) Ltd., Glass Wall Systems (I) Pvt. Ltd., FUSO, Sejal Glass Ltd, Gold Plus Float Glass, Saint-Gobain, Asahi India Glass Limited, PGP Glass Private Limited, Hindustan National Glass & Industries Limited and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the India commercial glass market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.