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India Commercial Glass Market Segmentation By Type (Container, Fiber, Flat and Specialty Glass); By Industry (Automotive, Architectural and Food and Beverage Industry) – Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of India Commercial Glass 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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In Jan 2019, world leader Saint-Gobain invested over USD 16.75 million to meet the rising demand of glass at the World Glass Complex situated at Sriperumbudur, Tamil Nadu, India.

India Commercial Glass Market

Glass is a non-crystalline solid, often transparent, and has widespread practical, technological, and decorative applications in our daily lives. Glass is made by melting sand, soda ash and limestone at very high temperatures. However, commercial glass is based mainly on sand, also known as silica.

The Indian commercial glass market has evolved from a small-scale, decentralized manufacturing business to relatively organized marketplace. It is rapidly expanding on account of emerging industrial infrastructure, specifically automotive and construction sectors. The performance of glass manufacturing units is highly dependent on efficiency in energy consumption and adoption of technological advancements. India is one of the largest consumers of glass in construction around the globe. Increasing urbanization and increase in disposable incomes of end users is anticipated to drive the demand for the market on account of increased acceptance of green and sustainable architecture.

Further, substantial rise in industrial growth of India is also estimated to contribute towards the increase in demand of commercial glass over the forecast period. Various key players are constantly focused on establishing India as a leading export hub by entering and expanding the markets of Europe and America on the back of product diversification such as automotive glass and solar panels. Moreover, increased awareness among the people for the recyclability of product packaging and growing concerns of the regulatory authority about energy conservation is anticipated to benefit the demand for glass market in coming years.DOWNLOAD SAMPLE REPORT HERE 

India Commercial Glass Market Graph

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Market Size and Forecast

India commercial glass market is anticipated to witness significant opportunities and is estimated to grow at a CAGR of around 12% over the forecast period i.e. 2019-2027.  India commercial glass market is segmented by type and by industry. On the basis of type, it is segmented into container glass, fiber glass, flat glass and specialty glass, out of which, container glass is anticipated to have major share of India commercial glass market on account of increased awareness for health and hygiene and increasing use of glass containers in contrast to plastic containers among the consumers. On the basis of industry, it is segmented into automotive, architectural and food and beverage industry, out of which, architectural industry hold the major share and is projected to witness highest CAGR over the forecast period.  This can be attributed to diverse functions and durability of commercial glass as a building material.  Further, the demand of commercial glass is anticipated to grow significantly in automobile sector on the back of increased number of cars manufactured in India. Moreover, the food and beverage is expected to account for the largest share in the market during the forecast period on the back of increasing awareness about safety and hygiene of packaging material among the end users and the use of glass as containers.

In India, the majority of glass manufacturers and industry clusters are located in Ahmedabad, Baroda, Bengaluru, Firozabad, Hyderabad, Kolkata and Mumbai, New Delhi, Pune, out of which Firozabad is the India’s biggest glass cluster, which has thousands of operational units and employs a ton of hundreds of people. The consumption of glass in construction is estimated to drastically increase in Bengaluru, Chennai, Hyderabad, Mumbai and New Delhi Capital Region (NCR) owing to boom in real estate projects in India.

Growth Drivers

Increase in Rapid Construction

A significant increase in adoption of commercial glass in construction of buildings is anticipated on account of its quality, easy installation and low maintenance cost as compared to traditional gypsum constructions. Moreover, increase in production capacity of manufacturing units to meet the rise in the demand of glass and increased focus to produce energy efficient products using solar panels is anticipated to promote growth potential of Indian commercial glass market over the forecast period.

Integration of Technological Advancements

Integration of technological advancements with commercial glass is estimated to result in functional advantages for glass on the back of increasing number of fittings manufactured by the hardware industry. These factors along with automation in manufacturing technologies and properties of glass to self-clean and anti-reflective properties are the some of the benefits driving the adoption of commercial glass. These factors are estimated to support the growth of the market.

RESTRAINTS

Increase in Input Costs

The increase in the input cost of glass manufacturing as a result of increasing import duties and the changes in government policies to regulate the functioning of automotive and construction sectors are estimated to hamper the growth of India commercial glass market over the forecast period.

Market Segmentation

Our-in depth analysis of the India commercial glass market includes the following segments:

By Type

  • Container Glass
  • Fiber Glass
  • Flat Glass
  • Specialty Glass

By Industry

  • Automotive Industry   
  • Architectural Industry
  • Food and Beverage Industry

Top Featured Companies Dominating the Market

  • Piramal Glass Private Limited
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Asahi India Glass Limited
  • Saint-Gobain India
  • Nippon Sheet Glass Co., Ltd.
  • Goldplus Group
  • Sejal Glass Ltd
  • Fuso Glass India Pvt. Ltd
  • Glass Wall Systems
  • Hindusthan National Glass & Industries Limited
  • SCHOTT AG

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