PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391750
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391750
India Flat Glass Market, By Type ; By Technology ; By End User ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Flat Glass Market Size Expands at Significant CAGR of 6.76% to Touch USD 4.87 Billion by 2029.
India flat glass market is flourishing because of the thriving construction sector and increasing investments in building and construction and real estate sectors.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India flat glass market size at USD 3.29 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India flat glass market size to grow at a significant CAGR of 6.76% reaching a value of USD 4.87 billion by 2029. Major growth drivers for the India flat glass market include an increasing infrastructure development, rising government initiatives and rapid urbanization. , the expanding industrial sector is set to increase the demand for flat glass. To illustrate, the growing versatility of flat glass in various industries like construction and automotive, where it serves in applications such as windows, doors, facades, interior partitions, and railings for stairs and balconies, is expected to have a positive impact on overall sales. Also, the increasing appetite for electronic displays and the surging demand for consumer electronics, including smartphones, televisions, tablets, laptops, wearables, and other gadgets, are foreseen to provide further impetus to market growth. Prominent manufacturers are also intensifying their investments in research and development endeavors to introduce and enhance top-quality flat glass, which is likely to propel market expansion during the forecast period. However, price volatility of raw materials and increasing environmental concerns are anticipated to restrain the overall market growth during the forecast period.
India Flat Glass Market - Overview
The India flat glass market refers to the sector within India's glass industry that focuses on the production and distribution of flat or sheet glass products. Flat glass is a type of glass that is manufactured in the form of large, flat, and uniformly thick sheets. These sheets are commonly used in various applications, including but not limited to architectural purposes (such as windows, doors, facades), automotive industry (windshields, windows), and in the production of electronic displays. The market encompasses the production, sales, and distribution of these flat glass products and is influenced by factors like infrastructure development, urbanization, government initiatives, and the demands of various end-use industries. It may also involve innovations in technology and manufacturing processes to meet the specific needs of different sectors and enhance the quality and performance of flat glass products.
Impact of COVID-19 on India Flat Glass Market
COVID-19 pandemic adversely affected the India flat glass market. Initially, the market experienced disruptions in supply chains due to lockdowns and restrictions. The construction sector, a significant consumer of flat glass, faced project delays and decreased demand. Similarly, the automotive industry, another major consumer, witnessed reduced manufacturing activities. However, as the market adapted to new safety norms and hygiene measures, it rebounded. The emphasis on cleanliness and ventilation in response to the pandemic increased the demand for glass in the healthcare and architectural sectors. While challenges remain, these shifts are steering the market toward recovery and growth.
India Flat Glass Market - By End User
On the basis of end user, the India flat glass market is divided into Construction, Automotive, Solar Energy, and Electronics segments. The construction segment is expected to hold the highest share in the India flat glass market by end user during the forecast period. It is driven by the increasing demand for flat glass in residential construction projects. Notably, the construction industry in India allows 100% foreign direct investment for completed projects related to townships, malls, and business constructions under the automatic route. Projections indicate significant growth in the Indian construction market, with an average annual output increase of 7.1% by 2025 and expectations of the real estate industry reaching USD 1 trillion by 2030. Additionally, Indian firms were estimated to raise INR 3.5 trillion (USD 48 billion) in 2022 through infrastructure and real estate investment trusts. Office absorption and housing unit sales also showed positive trends. The Indian real estate market is forecasted to reach USD 1,000 billion by 2030, and there is a notable surge in investments in commercial spaces, as exemplified by projects like Chintels Group's INR 400 crore investment in Gurugram.
Competitive Landscape
Major players operating in the India flat glass market include: Asahi India Glass, Borosil Renewables Ltd., Borosil Ltd., Emerge Glass, Gold Plus Float Glass, Gujarat Guardian Limited, Sisecam Flat Glass India Pvt Ltd, Nippon Sheet Glass Co., Ltd, and SCHOTT AG. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Flat Glass Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Flat Glass Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Flat Glass Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing construction industry
- 3.2.1.2. Rising real estate investments
- 3.2.2. Restraints
- 3.2.2.1. Price volatility of raw materials
- 3.2.2.2. Increasing environmental concerns
- 3.2.3. Opportunity
- 3.2.3.1. Increasing emphasis on sustainable construction practices
- 3.2.3.2. Substantial growth in demand for cold chain system
- 3.2.4. Challenges
- 3.2.4.1. Competition from alternative materials
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Flat Glass Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Basic Float Glass
- 4.2.1.2. Toughened Glass
- 4.2.1.3. Coated Glass
- 4.2.1.4. Laminated Glass
- 4.2.1.5. Insulated
- 4.2.1.6. Extra Clear Glass
- 4.2.1.7. Others
- 4.2.2. By Technology
- 4.2.2.1. Float Glass
- 4.2.2.2. Sheet Glass
- 4.2.2.3. Rolled Glass
- 4.2.3. By End User
- 4.2.3.1. Construction
- 4.2.3.2. Automotive
- 4.2.3.3. Solar Energy
- 4.2.3.4. Electronics
- 4.2.3.5. Others
- 4.2.4. By Region
- 4.2.4.1. North India
- 4.2.4.2. South India
- 4.2.4.3. East India
- 4.2.4.4. West India
- 4.2.1. By Type
5. North India Flat Glass Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Technology
- 5.2.3. By End User
6. South India Flat Glass Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Technology
- 6.2.3. By End User
7. East India Flat Glass Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Technology
- 7.2.3. By End User
8. West India Flat Glass Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Technology
- 8.2.3. By End User
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Flat Glass Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Flat Glass Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Asahi India Glass
- 11.2. Borosil Renewables Ltd
- 11.3. Borosil Ltd
- 11.4. Emerge Glass
- 11.5. Gold Plus Float Glass
- 11.6. Gujarat Guardian Limited
- 11.7. Sisecam Flat Glass India Pvt Ltd
- 11.8. Nippon Sheet Glass Co., Ltd
- 11.9. SCHOTT AG
- 11.10. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Flat Glass Segmentation
- Figure 2 India Flat Glass Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Figure 5 India Flat Glass Market Share, By Type, By Value, 2019-2029
- Figure 6 India Flat Glass Market Share, By Technology, By Value, 2019-2029
- Figure 7 India Flat Glass Market Share, By End User, By Value, 2019-2029
- Figure 9 North India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Figure 10 North India Flat Glass Market Share, By Type, By Value, 2019-2029
- Figure 11 North India Flat Glass Market Share, By Technology, By Value, 2019-2029
- Figure 12 North India Flat Glass Market Share, By End User, By Value, 2019-2029
- Figure 13 South India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Figure 14 South India Flat Glass Market Share, By Type, By Value, 2019-2029
- Figure 15 South India Flat Glass Market Share, By Technology, By Value, 2019-2029
- Figure 16 South India Flat Glass Market Share, By End User, By Value, 2019-2029
- Figure 17 East India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Figure 18 East India Flat Glass Market Share, By Type, By Value, 2019-2029
- Figure 19 East India Flat Glass Market Share, By Technology, By Value, 2019-2029
- Figure 20 East India Flat Glass Market Share, By End User, By Value, 2019-2029
- Figure 21 West India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Figure 22 West India Flat Glass Market Share, By Type, By Value, 2019-2029
- Figure 23 West India Flat Glass Market Share, By Technology, By Value, 2019-2029
- Figure 24 West India Flat Glass Market Share, By End User, By Value, 2019-2029
List of Tables
- Table 1 India Flat Glass Segmentation
- Table 2 India Flat Glass Market Value Chain Analysis
- Table 3 Company Market Share Analysis, 2022
- Table 4 India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Table 5 India Flat Glass Market Share, By Type, By Value, 2019-2029
- Table 6 India Flat Glass Market Share, By Technology, By Value, 2019-2029
- Table 7 India Flat Glass Market Share, By End User, By Value, 2019-2029
- Table 9 North India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Table 10 North India Flat Glass Market Share, By Type, By Value, 2019-2029
- Table 11 North India Flat Glass Market Share, By Technology, By Value, 2019-2029
- Table 12 North India Flat Glass Market Share, By End User, By Value, 2019-2029
- Table 13 South India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Table 14 South India Flat Glass Market Share, By Type, By Value, 2019-2029
- Table 15 South India Flat Glass Market Share, By Technology, By Value, 2019-2029
- Table 16 South India Flat Glass Market Share, By End User, By Value, 2019-2029
- Table 17 East India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Table 18 East India Flat Glass Market Share, By Type, By Value, 2019-2029
- Table 19 East India Flat Glass Market Share, By Technology, By Value, 2019-2029
- Table 20 East India Flat Glass Market Share, By End User, By Value, 2019-2029
- Table 21 West India Flat Glass Market Size, By Value (USD Million), 2019-2029
- Table 22 West India Flat Glass Market Share, By Type, By Value, 2019-2029
- Table 23 West Flat Glass Market Share, By Technology, By Value, 2019-2029
- Table 24 West India Flat Glass Market Share, By End User, By Value, 2019-2029
- Table 25 Asahi India Glass Company Overview
- Table 26 Asahi India Glass Financial Overview
- Table 27 Borosil Renewables Ltd Company Overview
- Table 28 Borosil Renewables Ltd Financial Overview
- Table 29 Borosil Ltd Company Overview
- Table 30 Borosil Ltd Financial Overview
- Table 31 Emerge Glass Company Overview
- Table 32 Emerge Glass Financial Overview
- Table 33 Gold Plus Float Glass Company Overview
- Table 34 Gold Plus Float Glass Financial Overview
- Table 35 Gujarat Guardian Limited Company Overview
- Table 36 Gujarat Guardian Limited Financial Overview
- Table 37 Sisecam Flat Glass India Pvt Ltd Company Overview
- Table 38 Sisecam Flat Glass India Pvt Ltd Financial Overview
- Table 39 Nippon Sheet Glass Co. Ltd Company Overview
- Table 40 Nippon Sheet Glass Co. Ltd Financial Overview
- Table 41 SCHOTT AG Company Overview
- Table 42 SCHOTT AG Financial Overview
