The Global Market for Glass and Glass Products Reached $189.5 billion in 2016 and Is Estimated to Reach $232.4 Billion in 2020 at a Compound Annual Growth Rate (CAGR) of 5.2% for the Period of 2016-2020

NEW YORK, Dec. 5, 2017 /PRNewswire/ -- The global market for glass and glass products reached $189.5 billion in 2016 and is estimated to reach $232.4 billion in 2020 at a compound annual growth rate (CAGR) of 5.2% for the period of 2016-2020.

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• Asia-Pacific market is expected to grow from $77.2 billion in 2016 to $100.1 billion in 2020 at a CAGR of 6.7% from 2016 through 2020.
• Western Europe market is expected to grow from $43.6 billion in 2016 to $49.5 billion in 2020 at a CAGR of 3.2% from 2016 through 2020.

Chapter 1: Introduction

BCC Research's goal in performing this study was to determine the global market and future demand growth for glass and glass products manufacturing over the five-year period from 2016 through 2020. Of particular focus was characterizing and quantifying the potential of the market for glass and glass products manufacturing by geography, and product (i.e., flat glass, container glass, and glassware & other glass products).

The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed in detail. Factors that affect the market such as drivers, restraints, and trends have been discussed. The key objective was to present a comprehensive discussion of where the state-of-theart is in glass and glass products manufacturing and forecast the future commercial potential for the key market segments.

This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations. The study will benefit glass and glass products manufacturing, providers of raw materials, users of glass and glass products manufacturing, construction companies, governments around the world, and others.

Study Goals and Objectives
• To sum up the global glass and glass products manufacturing market size.
• To estimate the growth rate of the global glass and glass products manufacturing market.
• To segment the market in the deepest possible way.
• To provide market numbers and growth rates at geographically.
• To identify major drivers and restraints.
• To identify key trends and technology updates in the field.

Reasons for Doing This Study

Increasing investments in the construction and automobile manufacturing industries in developing countries, including India, China, and Brazil has led to an increase in demand for glass and glass products market. The global glass and glass products manufacturing market is growing due to continued economic growth, positive demographic trends, reforms and initiatives by governments, policies inviting foreign investment, urbanization, increasing income levels, and comparatively cheap labor. These factors are expected to drive the glass and glass products manufacturing market.

The market for glass and glass products manufacturing is marginally consolidated with a few large players, dominating the market. Major players in the market include Asahi Glass, Owens-Illinois, SaintGobain, Guardian Industries, Nippon Sheet Glass Co., Ltd, Corning Inc.and others.

Scope of Report

This research report categorizes the glass and glass products manufacturing market by type. Product type include flat glass, container glass, and glassware & other glass products.

Information Sources

Public information via annual reports to shareholders as well as other government reports that are available for public review.
• Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information.
• Online research including third-party references.
• Trade associations, directories and publications.
• Telephone interviews with both current customers and prospects.
• Various private industry sources.

Methodology

Research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data. Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users.

Market numbers have been calculated in constant U.S. dollars.

Geographic Breakdown

In this report, the geographic regions and countries considered for market analysis include, and only include:
• Asia Pacific: Australia, China, India, Japan,
• North America: USA
• South America: Brazil
• Western Europe: UK, Germany, France, Spain and Italy
• Eastern Europe: Russia
• Middle East
• Africa

Glass and Glass Product Manufacturing, by Region
Asia Pacific
North America
South America
Western Europe
Eastern Europe
Middle East Africa

Glass and Glass Product Manufacturing, by Country
China
USA
Russia
Germany
Australia
Brazil
India
UK
France
Italy
Spain
Japan
Others

Chapter 2: Summary and Highlights

Global glass and glass products manufacturing market is currently in a very crucial phase of transformation. Increased economic activity as a result of a rise in disposable income drove the glass and glass product manufacturing market in emerging markets such as India and China. This trend was mainly driven by India and China where a rise in infrastructure development, and growth in the automotive manufacturing sector led toincreased demand for glass and glass products.

At the same time, increasing use of plasticpolycarbonate products as a replacement for glass products affected growth of the glass and glass products manufacturing market. PET bottles are increasingly being used in wine bottles, bottles for sauces, oils and other products. In addition, growth of the automotive industry in many parts of the world and decline in natural gas prices in many parts of the world helped generating demand for glass and glass products market which relies on natural gas for its operation.

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