Crystalware and Glassware Market size is poised to cross USD 12.2 Billion by the end of 2033, growing at a CAGR of 10% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of crystalware and glassware was over USD 8.5 Billion. The growth of the market is primarily attributed to the growing craze for fine dining as of its sophistication. For instance, fine dining is a highly expensive dining experience that typically includes multi-course with a prix fixe menu choice.
Crystalware and glassware are referred to products that are made up of glass and crystals. It is a variety of glass with different chemical compositions and crystalline structures. Crystalware and glassware products are usually made up of three types of glasses which are soda lime glass, lead glass, and heat-resistant glass. Crystalware and glassware products have a higher refractive index and lower working temperature and viscosity. These products are also used in ornament and have decorative applications globally increasing count of hotels and restaurants is anticipated to lead the growth of the crystal ware and glassware market over the forecast period. For instance, as of 2018, the count of hotels had increased to nearly 187,300 across the globe.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
10% |
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Base Year Market Size (2022) |
USD 8.5 Billion |
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Forecast Year Market Size (2033) |
USD 12.2 Billion |
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Regional Scope |
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Product (Lead Glass, Soda Lime Glass, Heat Resistant Glass)
The global crystalware and glassware market is segmented and analyzed for demand and supply by product into the lead glass, soda lime glass, and heat-resistant glass. Out of these, the soda lime glass segment is anticipated to significantly grow over the forecast period owing to its most commonly produced variant glass, less expensiveness, chemical stability, and notable ability to transmit visible light which makes it a very ideal material to use in several kinds of industries. For instance, since atoms in soda lime glass have strong intermolecular bonds and are strongly integrated, other compounds are not able to influence its structure and cause corrosion to the glass. This makes it appropriate for use in chemical environments. It has a hardness of 5-7 on the Mohs scale and a refractive index of about 1.5, which means that only about 4% of the light that strikes it is reflected. The remainder passes through, making it a great substance for applications requiring high-light transmission.
Our in-depth analysis of the global crystalware and glassware market includes the following segments:
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By Type |
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By Product |
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By Application |
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By Price |
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North America Market Forecast
The North American crystalware and glassware market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033 backed by outstanding lifestyle standards, escalating per capita income, and the existence of large manufacturers of crystalware and glassware in the region. According to the statistics provided by the Bureau of Economic Analysis, by March 2022, personal income and disposable personal income (DPI) in the United States have expanded by USD 107.2 billion and USD 89.7 billion, respectively.
Stölzle Lausitz GmbH received the prestigious Tableware International Award of Excellence 2021, for its new series titled NEW YORK BAR glasses collection since of their two decorative cuts "Manhattan" and "Club".
Lifetime Brands, Inc. has acquired S’well, who is a global wholesaler, designer, and retailer of reusable, vacuum-insulated products.
Author Credits: Anil Kumar, Ipsheeta Dash
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