India Flat Glass Market Size (2024 - 2029)

The market size of the India flat glass industry is expected to experience significant growth over the forecast period, driven by increasing demand from the construction sector and the rising need for electronic displays. Despite the challenges posed by the rising costs of raw materials, the market is poised for expansion, particularly due to the growing installation of solar panels, which presents promising opportunities for future growth.

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Market Size of India Flat Glass Industry

India Flat Glass Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.50 %
Market Concentration High

Major Players

India Flat Glass Market Major Players

*Disclaimer: Major Players sorted in no particular order

Glass in India Market Analysis

The India flat glass market is projected to register a CAGR of over 7.5% during the forecast period.

Due to COVID-19, India entered a complete lockdown scenario in late March, and economic activities started resuming slowly in early August 2020. The outbreak of COVID-19 affected domestic construction, industrial, and manufacturing activities in 2020. However, in 2021, the demand from these sectors recovered in the country and is expected to grow significantly in the coming years.

  • Over the short term, increasing demand from the construction industry and growing demand for electronic displays are major factors driving the growth of the market studied.
  • However, the increasing cost of raw materials is a key factor anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, rising installation of solar panels is likely to create lucrative growth opportunities for the global market soon.

Glass in India Industry Segmentation

Flat glass, often referred to as sheet or plate glass, is frequently used to create solar panels, windows, mirrors, and doors. Sand, silica, limestone, and soda ash are melted to create the liquid, which is then cooled to create the product of the required thickness. The India flat glass market is segmented by product type and end-user industry. By product type, the market is segmented into annealed glass (including tinted glass), coater glass, reflective glass, processed glass, and mirrors. By end-user industries, the market is segmented into building and construction, automotive, solar glass, and other end-user industries. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Product Type
Annealed Glass (Including Tinted Glass)
Coater Glass
Reflective Glass
Processed Glass
Mirrors
End-user Industry
Building and Construction
Automotive
Solar Glass
Other End-user Industries
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India Flat Glass Market Size Summary

The Indian glass industry is experiencing significant growth, driven primarily by the construction and infrastructure sectors. The demand for flat glass, particularly annealed glass, is on the rise due to its applications in residential and commercial buildings. This growth is supported by the increasing focus on green buildings, which utilize clear glass to enhance natural lighting and reduce carbon footprints. The market is also benefiting from the expansion of the real estate sector, with substantial investments in infrastructure and commercial projects. Despite challenges such as rising raw material costs, the industry is poised for expansion, with opportunities emerging from the growing installation of solar panels and the demand for electronic displays.

The market is characterized by a consolidated landscape with key players such as Saint Gobain, Asahi India Glass Limited, and Gujarat Guardian Limited leading the charge. These companies are actively investing in expanding their production capacities to meet the burgeoning demand. For instance, Saint Gobain has made significant investments in its flat glass facilities in India, underscoring its commitment to strengthening its market position. The Indian glass industry is also supported by favorable policies, such as 100% foreign direct investment in the construction sector, which is expected to further fuel market growth. As the industry continues to evolve, it is set to play a crucial role in supporting India's ambitious infrastructure and urban development goals.

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India Flat Glass Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Construction Industry

      2. 1.1.2 Growing Demand for Electronic Displays

    2. 1.2 Restraints

      1. 1.2.1 Increasing Cost of Raw Materials

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Product Type

      1. 2.1.1 Annealed Glass (Including Tinted Glass)

      2. 2.1.2 Coater Glass

      3. 2.1.3 Reflective Glass

      4. 2.1.4 Processed Glass

      5. 2.1.5 Mirrors

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Automotive

      3. 2.2.3 Solar Glass

      4. 2.2.4 Other End-user Industries

India Flat Glass Market Size FAQs

The India Flat Glass Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)

Saint-Gobain, Asahi India Glass Limited, Şişecam , Gujarat Guardian Limited and Gold Plus Float Glass are the major companies operating in the India Flat Glass Market.

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