February 13th, 2024

India Glass Market: Competition, Size, and Industry Growth Analysis till 2028 - TechSci Research

India Glass Market: Competition, Size, and Industry Growth Analysis till 2028 - TechSci Research

The India Glass Market is witnessing significant growth and transformation, driven by a myriad of factors such as rapid urbanization, rising disposable incomes, and increasing demand from the construction and automotive industries. The market dynamics and growth projections are captured in the TechSci Research report titled "India Glass Market - By Country, Competition, Forecast and Opportunities, 2019-2029." This report provides valuable insights into the various segments of the India Glass Market, including drivers of growth, regional dynamics, and competitive landscape.

Market Overview

In 2022, the India Glass Market experienced substantial growth, fueled by the burgeoning construction industry, which emerged as the largest consumer of glass in the country. The demand for glass in construction applications such as windows, doors, mirrors, and facades is being driven by factors like rapid urbanization and increasing focus on climate, safety, sound attenuation, energy conservation, and aesthetics in building design.

 Browse over XX market data Figures spread through 86 Pages and an in-depth TOC on "India Glass Market” - https://www.techsciresearch.com/report/india-glass-market/22019.html

Growth Drivers

1. Construction Industry Expansion: The construction industry in India is witnessing robust growth, propelled by rapid urbanization and infrastructure development. Major metropolitan cities like Delhi, Mumbai, and Kolkata are witnessing significant demand for glass products, contributing to the expansion of the India Glass Market.

2. Automotive Industry Growth: The automotive industry is also experiencing a glass revolution, driven by factors such as an 8% cut in excise duty on vehicles and the easy availability of flexible automobile loans. The demand for glass in automotive applications is expected to surge, further bolstering the growth of the India Glass Market.

3. Rising Disposable Incomes: Increasing disposable incomes among the Indian population are driving consumer spending on infrastructure and automotive projects, leading to a higher demand for glass products in both sectors.

4. Government Focus on Infrastructure Development: The Indian government's focus on infrastructure development, including the construction of new roads, railways, airports, and other infrastructure projects, is creating a significant demand for flat glass in the country. This government-led infrastructure development is expected to sustain the growth of the India Glass Market in the coming years.

Regional Dynamics

The North India region dominates the India Glass Market, accounting for over 35% of the market share. This dominance can be attributed to the presence of major metropolitan cities like Delhi, Mumbai, and Kolkata, which are witnessing rapid urbanization and infrastructure development.

Other major regions in the India Glass Market include the West India region, the South India region, and the East India region. The West India region is the second-largest region in the market, accounting for over 25% of the market share, driven by rapid industrial growth in cities like Ahmedabad, Pune, and Surat.

Market Segmentation

1. Flat Glass Segment: Flat glass is the largest segment of the India Glass Market, accounting for over 60% of the market share. The demand for flat glass is expected to continue growing, driven by factors such as rapid urbanization, rising disposable incomes, and government investments in infrastructure development.

2. Other Segments: Other segments of the India Glass Market include processed glass, which is projected to face overcapacity challenges, and various specialized glass products catering to specific applications in construction and automotive industries.

Competitive Landscape

The India Glass Market is characterized by the presence of both international and domestic players, competing to capture a larger market share. International firms that entered the Indian market during the rapid growth phase of the 1990s are now major producers of float glass, leading to increased competition for domestic companies.

Domestic companies, numbering approximately 27, have been forced to expand their capacities and diversify into new areas to remain competitive in the market. Key players in the Indian Glass Market are investing in capacity expansion to meet the growing demand. For example, in December 2022, Saint-Gobain announced a significant investment to expand its flat glass business in India.

Challenges and Future Outlook

Despite the growth opportunities, the India Glass Market faces several challenges, including overcapacity of raw glass, Chinese competition, and the lack of codes of standards. Analysts project that the supply of glass will exceed demand at least until 2009, highlighting the need for the development of a regulatory framework and strategies to address excess capacity and increased competition in the market.

The India Glass Market presents lucrative growth opportunities driven by factors such as rapid urbanization, infrastructure development, and rising disposable incomes. The insights provided by the TechSci Research report offer valuable guidance for stakeholders seeking to navigate the dynamic landscape of the India Glass Market and capitalize on emerging opportunities.

Major companies operating in India Glass Market are:

• Asahi India Glass Limited

• Borosil Glass Works Limited

• AGI Glaspac (HSIL Ltd)

• Piramal Glass Limited

• Saint-Gobain

• Schott Kaisha Pvt Ltd (SCHOTT AG)

• Haldyn Glass Limited

• Gold Plus Float Glass

• Şişecam

• Nippon Sheet Glass Co., Ltd.

Download Free Sample Report - https://www.techsciresearch.com/sample-report.aspx?cid=22019

Customers can also request for 10% free customization on this report.

“The Indian market is increasingly demanding high-performance glass that can withstand harsh operating conditions and offer better insulation and energy efficiency. This is leading to the growing demand for tempered glass, laminated glass, and coated glass.

Tempered glass is a type of glass that is heated to a high temperature and then rapidly cooled. This process makes the glass stronger and more resistant to breakages. Tempered glass is commonly used in applications such as shower doors, safety glass, and tabletops. Laminated glass is a type of glass that is made by sandwiching a layer of plastic between two layers of glass. This makes the glass more durable and resistant to breakage. Laminated glass is commonly used in applications such as car windshields, bulletproof glass, and architectural glazing.

Coated glass is a type of glass that has been coated with a thin layer of metal or other material. This coating gives the glass additional properties, such as energy efficiency, solar reflection, and self-cleaning. Coated glass is commonly used in applications such as windows, doors, and conservatories,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India Glass Market segmented By Product Type (Annealed Glass (Including Tinted Glass), Coater Glass, Reflective Glass, Processed Glass, and Mirrors), By End-user Industry (Building and Construction, Automotive, Solar Glass, and Other End-user Industries), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of India Glass Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Glass Market.

 Download Free Sample Report - https://www.techsciresearch.com/sample-report.aspx?cid=22019

Contact Techsci Research-

US -

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +13322586602

Email: [email protected]

Web: https://www.techsciresearch.com/


Like (0) Comments (0)



0 Comments Add Your Comment



Post a Comment

To leave a comment, please Login or Register