Austin, TX, July 12, 2024 — The global glass manufacturing market is gathering momentum, largely due to the rapidly growing commercial, automotive, electronic, and packaging industries. New techniques in production and sustainable targets are changing the character of the industry through the realization of energy-efficient and recyclable glass products.
Key drivers of the market growth could be the demand for energy-efficient buildings and advanced glass solutions for electric and hybrid passenger cars. High energy consumption and price pressure on raw materials continue to be challenging. Still, increasing efficiency and quality control through technological developments and IoT in manufacturing helps.
Nippon Sheet Glass Co., Ltd, AGC Inc., Fuyao Glass Industry Group Co., Ltd., Owens Illinois Inc, Koa Glass, Amcor, Vitro, S.A.B. DE C.V., Ltd., Sisecam Group, Saint Gobain, Guardian Industries, Heinz Glass, v 3B – the fiberglass company, Nihon Yamamura., Central Glass Co. Ltd., and OthersBy product type, container glass contributed the highest share of more than 43.23% in market revenues in 2023. This high market demand can be attributed to the packaging industry.
North America is expected to have stable growth in the forecast period. Growing demand for smart glasses with insulation that controls the amount of temperature and light entering the vehicle is supporting the market.The glass manufacturing market is anticipated for significant growth driven by technological innovation and an increasing focus on sustainability.