Research Nester released a report titled “India Commercial Glass Market: Demand Analysis & Opportunity Outlook 2027” which delivers the detailed overview of the India commercial glass market in terms of market segmentation by type and by industry.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The India commercial glass market is anticipated to expand at a CAGR of around 12% over the forecast period i.e. 2019-2027. The growth of the market is driven by significant increase in adoption of commercial glass in construction of buildings on account of its quality, low maintenance cost and easy installation as compared to traditional gypsum constructions coupled with integration of technological advancements with glass leading to rising number of functional advantages of glass. Additionally, automation in manufacturing technologies and properties of glass to self-clean along with its anti-reflective is further expected to promote the growth potential of the Indian commercial glass market in upcoming years.
By region, the market in North India is anticipated to hold the major share in the market on the back of concentration of manufacturing units and an substantial demand of glass for the real estate boom in the region. Further, the market in West India is anticipated to grow on an incremental growth rate on account of increase in construction activity and highest employment opportunities in the regional glass market.
Growing Urbanization to Boost Adoption Green Architecture
Significant increase in urbanization and increased acceptance and expenditure sustainable architecture along with substantial rise in industrial growth of India are the major contributing factors leading to increase in demand of commercial glass over the forecast period. Various Indian key players are entering and expanding in the markets of Europe and America on the back of product diversification including manufacturing of automotive glass and other products. Moreover, increased awareness among people for the recyclability of product packaging and growing concerns among people about energy conservation is anticipated to benefit the demand for glass market in near future.
However, the challenges faced by the manufacturing units due to the increase in the input cost of glass and the changes in government policies to regulate the functioning of automotive and construction sectors are factors estimated to hamper the growth of 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 market which includes company profiling of key companies such as Piramal Glass Private Limited, Asahi India Glass Limited, Saint-Gobain India (name check),Nippon Sheet Glass Co., Ltd., Goldplus Group (name check), Sejal Glass Ltd, Fuso Glass India Pvt. Ltd, Glass Wall Systems, Hindusthan National Glass & Industries Limited and SCHOTT AG.
The outlining 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 is expected to 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.