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Crystalware and Glassware Market : Global Demand Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Crystalware and Glassware Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Global Crystalware and Glassware Market Overview

Crystalware and glassware are referred to the products which are made up of glass and crystals. It is a variety of glass with a different chemical composition and crystalline structure. Crystalware and glassware products are usually made up of three types of glasses which are soda lime glass, lead glass and heat resistance glass. Soda lime glass by product is the most common type of glass used; hence it contributes more than half of total crystalware and glassware market. Crystalware and glassware products have higher refractive index and lower working temperature and viscosity. These products are also used in ornament and have decorative applications.

Market Size and Forecast

The global crystalware and glassware market is expected to grow at a robust growth rate over the forecast period i.e. 2017-2024. The growth of crystalware and glassware market is driven by the rising popularity of fine dining across the globe as well as increasing number of restaurants and hotels globally.

Geographically, North America has been a leading crystalware and glassware market in terms of market demand and is anticipated to maintain its dominance over the forecast period. In North America, U.S. is witnessing the augmented demand for crystalware and glassware products. Furthermore, North America is expected to be the most lucrative market, owing to presence of large manufacturing companies for crystalware and glassware products in this region.

crystalware & glassware

North America region is trailed by Europe which is expected to showcase a modest growth owing to the economic crisis which has resulted in high cost of living and low wages growth rate. Middle East and Africa are anticipated to witness a robust growth over the forecast period. Further, this can be attributed to the development glass and plastic industry in the region. Middle East and Africa regions are considered as price sensitive market. Moreover, low prices of crystalware and glassware products are believed to foster the growth of this market. Latin America is also projected to observe significant demand for crystalware and glassware products over the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT

 Market Segmentation

Our in-depth analysis segmented the global crystalware and glassware market in the following segments:

By Product

  • Soda lime glass
  • Lead glass
  • Heat resistant glass

By Application

  • Drinking vessels
  • Tableware
  • Ornamental and Decorative
  • Others

By Price

  • Low
  • Medium
  • High

By Region

Global crystalware and glassware market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Rising demand for crystalware and glassware items in residential apartments and restaurants and hotels are expected to spur the demand for crystalware and glassware market globally. Further rise in modern infrastructure facilities across the globe is expected to foster the demand for crystalware and glassware items. Moreover, crystalware and glassware products are widely used for serving or for decorative purposes.

Rapid urbanization coupled with rising standard of living; owing to the adoption of luxury products for decoration of houses is anticipated to be the dynamic factor behind the growth of crystalware and glassware market globally.

However, the availability of cheap products is believed to dampen the growth of crystalware and glassware market. Moreover, penetration of plastic and ceramic product is also expected to hinder the growth of this market.  

Key players

The major key players for crystalware and glassware market are as follows

  • Noritake
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Villeroy & Boch AG
  • Guy Degrenne SA
  • Lifetime Brands
  • Lenox Corporation
  • The Zrike Company
  • World Kitchen LLC
  • Libbey
  • Oneida
  • WMF Wurttembergische

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