Glass manufacturing market Trends and analysis report 2020-2026

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Four major trends fostering Glass Manufacturing
Market outlook through 2019-2026
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Global Market Scenario of Glass Manufacturing
Industry

• As per a research report by Global Market
  Insights, Inc., glass manufacturing market is
  estimated to surpass a 320 billion valuation by
  2026.
• With the ongoing growth of the construction and
  automobile sector, the glass manufacturing market
  is estimated to record substantial gains over the
  forthcoming time period. Given the rapidly
  expanding end-use industries and the subsequent
  rise in product demand, numerous key industry
  players have been concentrating on innovating new
  solutions that help them consolidate their
  respective positions across the market landscape.
  
• For instance, in July 2020, Guardian Glass, a
  Michigan-based industrial manufacturer of glass,
  building, and automotive products, reportedly
  launched and commenced the production of a new,
  technologically advanced glass coater in its
  Poland-based facility.
• The glass coater with the use of advanced
  technology that transforms basic flat glass into
  a value-added, high- performance glass. The
  coating would allow the firm to expand its low-
  emissivity solar control glass production for
  residential and commercial applications.

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• The revenue graph of the industry is also
  expected to grow exponentially due to the
  products integrality across a plethora of
  rapidly growing end-use sectors like optics,
  electronics, automobiles, and construction.
• The ongoing expansion of the real estate industry
  and the subsequent rise in new construction as
  well as infrastructure upgradation initiatives
  would majorly drive the market outlook.
• Fiber glass product segment in terms of revenue,
  is likely to witness gains of more than 3.2 CAGR
  through the forecast time period. Structural
  benefits of the material are one of the key
  drivers for product demand.
• In fact, properties like low thermal
  conductivity, dimensional stability,
  incombustibility, and high mechanical strength
  are encouraging the product adoption in numerous
  end user industry such as manufacturing,
  chemical, and construction, fostering revenue
  growth.

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360 Industry Analysis

• The MEA glass manufacturing market is developing
  rapidly and is expected to witness a steady
  growth over the estimated timeframe. Countries
  such as the UAE and Saudi Arabia are heavily
  investing towards infrastructure development in
  order to move its oil based economy to a
  predominantly investment driven economy. The
  investments from government comprises of
  large-scale construction in hospitality and
  tourism sector, creating immense demand for the
  glass sector.
• Asia-Pacific glass manufacturing market is slated
  to witness momentous growth over the forecast
  time period. In 2018, the APAC glass
  manufacturing market held over 40 market share
  due to high consumption of glass in its
  flourishing end-use industries like
  telecommunications and electronics. In fact, the
  Indian glass market has emerged as a lucrative
  growth avenue over the recent years owing to the
  thriving construction and automotive sectors in
  the region.
•  

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• Competitive Analysis
• Vetropack Holdings Ltd., Vitro, Coolsreck Group,
  Central Glass Co., Ltd, China Glass Holdings, AIS
  Glass, AGC Inc., Kyocera Corporation, Guardian
  Glass LLC, Saint-Gobain S.A., Coolsreck Group,
  Corning, Nippon Electric Glass, Schott AG, CSG
  Holdings, and NSG Group among many others are
  some of the key players operating in the glass
  manufacturing market.

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