Kenneth Research has released a report titled India Commercial Glass Market: Demand Analysis Opportunity Outlook 2030 which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The construction sector in India, according to the statistics by the National Investment Promotion Facilitation Agency of the Government of India (GOI), contributed to 9% of the GDP of the nation, and the real estate industry is projected to reach USD 1 Trillion by 2030.
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The statistics portray the growing construction sector in India and the favorable initiatives of the government of the nation to promote the development of the sector in the coming years. Modern buildings, both residential and commercial, use commercial glass as facades or in windows. Besides this, these glasses are also used for glass partition walls and for temperature control in buildings. With the increasing number of buildings, the demand for these glasses is anticipated to increase significantly, and in turn, drive the market growth.
The India commercial glass market is anticipated to grow with a CAGR of 6.42% during the forecast period, i.e., 2021-2030. The market is estimated to garner a revenue of USD 4629.8 Million by the end of 2030. Additionally, in the year 2020, the market in the nation, registered a revenue of USD 2546.1 Million. The market is also anticipated to grow on account of growing production of vehicles in the nation, and the rising need amongst the vehicle manufacturers for automotive glass. Besides this, the increasing adoption of solar energy in the country is also expected to create numerous opportunities for market growth in the coming years.
The India commercial glass market is segmented by chemical composition into borosilicate glass, soda lime glass, potash lime glass, potash lead glass, silica glass, and others. By the end of 2030, the borosilicate glass segment is anticipated to garner the largest revenue of USD 1151.9 Million. Moreover, in the year 2020, the segment generated a revenue of USD 595.5 Million.
This report also provides the existing competitive scenario of some of the key players of the India commercial glass market, which includes company profiling of Hindustan National Glass Industries Limited, PGP Glass Private Limited, Asahi India Glass Limited, Saint-Gobain Group, Gold Plus Float Glass, Sejal Glass Ltd, FUSO Glass India Private Limited, Glass Wall Systems, Duratuf Glass Industries (P) Ltd., GSC GLASS LTD, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled India Commercial Glass Market: Demand Analysis Opportunity Outlook 2030, analyses the overall India commercial glass industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the India commercial glass market in the near future.
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