Glass Plate Market Size, Trends and Insights By Product (Dinnerware, Drinkware, Others), By Application (Household, Commercial), By Distribution Channel (Offline, Online), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI28935

Published Date: August 2023

Pages: 220+

Category: Consumer Goods

Report Snapshot

CAGR: 4.2%
12.50B
2022
13.24B
2023
19.98B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Libbey Inc
  • Arc International
  • Oneida Limited
  • ÅžiÅŸecam Group
  • WMF Group
  • Bormioli Rocco
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Glass Plate Market is expected to record a CAGR of 4.2% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 12.50 billion. By 2032, the valuation is anticipated to reach USD 19.98 Billion.

The term “Glass Plate market” refers to the market for glass plates, which are flat, solid pieces of glass that can be used for various purposes. Glass plates are often transparent or translucent and can come in different sizes, shapes, and thicknesses, depending on their intended application. They are commonly used in a wide range of industries and sectors due to their versatility, durability, and optical properties.

 Here are some common applications and uses of glass plates: 

  • Photography and Printing: Glass plates were historically used in photography as a medium for capturing images in the form of daguerreotypes and other early photographic processes. While modern photography has largely transitioned to digital formats, glass plates are still occasionally used for artistic and historical purposes. In printing, glass plates can be used in lithography for transferring images onto paper or other surfaces.
  • Scientific Instruments: Glass plates are often used in scientific research and experimentation. They can be used as substrates for mounting samples in microscopy, as cell culture dishes in biology, or as components in various laboratory equipment.
  • Optics and Optoelectronics: Glass plates are crucial components in optical systems. They can be used as substrates for lenses, prisms, filters, and beam splitters in applications ranging from cameras and telescopes to lasers and fiber optics.
  • Electronics and Displays: Glass plates are used in the manufacturing of electronic devices and displays. They can serve as substrates for flat-panel displays, touchscreens, and thin-film transistors (TFTs).
  • Art and Decor: Glass plates can be used for artistic purposes, such as creating stained glass windows, glass sculptures, and decorative glass pieces.
  • Architectural Glazing: Glass plates are commonly used in architectural applications, such as windows, doors, facades, and partitions in buildings.
  • Food Industry: Glass plates can be used as serving platters, cake stands, and decorative food presentations.

Glass Plate Market – Significant Growth Factors

The Glass Plate Market is driven by a variety of significant growth factors that contribute to its expansion and prominence across diverse industries. These factors collectively shape the market’s trajectory and underscore its importance in various applications. Here are key growth factors propelling the Glass Plate Market:

  • Optical Clarity and Transparency Demand: Glass plates are favored for applications where optical clarity and transparency are essential, such as optics, displays, and photography. The demand for high-quality, distortion-free glass plates drives market growth.
  • Rising Demand for Electronics and Displays: The increasing use of glass plates in electronics, particularly for flat-panel displays, touchscreens, and OLED panels, is a substantial growth driver as these technologies continue to advance.
  • Architectural Trends and Glazing Applications: The use of glass plates in architectural glazing applications, driven by modern design trends that emphasize natural light and transparency, contributes significantly to market growth.
  • Scientific and Laboratory Usage: Glass plates are integral to scientific research, serving as substrates for microscopy, cell culture, and experimental setups. Advancements in research and technology drive demand for specialized glass plates.
  • Artistic and Decorative Applications: The artistic use of glass plates in creating stained glass windows, sculptures, and decorative pieces remains a growth factor as consumers seek unique and aesthetically pleasing designs.
  • Advancements in Glass Manufacturing Technology: Innovations in glass manufacturing techniques, such as precision cutting, grinding, and surface treatment, contribute to the production of high-quality glass plates tailored for specific applications.
  • Emerging Optoelectronic Technologies: The growth of emerging optoelectronic technologies, including augmented reality (AR), virtual reality (VR), and advanced imaging systems, fuels the demand for specialized glass plates with specific optical properties.
  • Environmental and Sustainability Concerns: The demand for eco-friendly materials leads to increased adoption of glass plates, which are recyclable and have a lower environmental impact compared to certain plastics and metals.
  • Industrial Automation and Robotics: Glass plates find use in industrial automation, robotics, and precision engineering, where they are employed as substrates for sensors, scanners, and optical components.
  • Healthcare and Medical Equipment: Glass plates are used in medical devices, diagnostics, and laboratory equipment, driven by the growing healthcare industry and the need for reliable and inert materials.
  • Consumer Electronics Growth: The proliferation of consumer electronics, ranging from smartphones to wearable devices, drives demand for compact, high-resolution displays, contributing to the growth of the Glass Plate Market.
  • Customization and Specialty Markets: The ability to customize glass plates for specific applications, such as microfabrication, microfluidics, and niche industrial needs, opens up opportunities in specialty markets.

Global Glass Plate Market 2023–2032 (By Application)

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Glass Plate Market – Mergers and Acquisitions

  • Corning Incorporated – Steuben Glass Works: Corning, a leading glass and materials science company, acquired Steuben Glass Works, renowned for its artistic glassware. This acquisition expanded Corning’s presence in the luxury glassware segment. 
  • AGC Inc. – CMC Biologics: AGC Inc., a global glass manufacturer, acquired CMC Biologics, a biopharmaceutical contract manufacturing organization. This move diversified AGC’s portfolio into the biopharmaceutical sector.
  • Saint-Gobain – NSG Group: Saint-Gobain, a multinational materials and glass manufacturer, acquired the glass business of NSG Group. This acquisition bolstered Saint-Gobain’s position in the glass industry, including glass used in the construction and automotive sectors.
  • Schott AG – Primoceler Oy: Schott AG, a leading glass technology company, acquired Primoceler Oy, a Finnish microfabrication technology company. This acquisition strengthened Schott’s capabilities in glass micro bonding technology.
  • PPG Industries – REVOCOAT: PPG Industries, a global coatings and materials company, acquired REVOCOAT, a manufacturer of sealants and adhesives used in automotive glass and other applications. This acquisition expanded PPG’s offerings in glass applications.
  • Fuyao Glass Industry Group – Guardian Automotive Products: Fuyao Glass Industry Group, a Chinese glass manufacturer, acquired Guardian Automotive Products, a major supplier of automotive glass. This acquisition enabled Fuyao to expand its global presence in the automotive glass market. 
  • Vitro, S.A.B. de C.V. – PPG’s Flat Glass Business: Vitro, a Mexican glass manufacturer, acquired PPG Industries’ flat glass business in Mexico. This acquisition expanded Vitro’s footprint in the North American flat glass market.
  • Schott AG – Moritex Corporation: Schott AG acquired Moritex Corporation, a Japanese provider of fiber optic components and systems. This acquisition enhanced Schott’s capabilities in imaging and illumination solutions.
  • Taiwan Glass – Pilkington Automotive: Taiwan Glass, a glass manufacturer, acquired the automotive glass business of Pilkington Group Limited. This acquisition strengthened Taiwan Glass’ position in the automotive glass market. 
  • Nippon Sheet Glass – PPG’s European Glass Operations: Nippon Sheet Glass (NSG) acquired PPG’s European glass operations. This acquisition expanded NSG’s glass products portfolio and market presence in Europe.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Glass Plate Market Glass Panel Market Curved Glass Panel Market
CAGR 4.2% (Approx) CAGR 5.4% (Approx) CAGR 7.4% (Approx)
USD 19.98 Billion by 2032 USD 460.7 Billion by 2032 USD 160.91 Million by 2032

Glass Plate Market – Significant Threats

  • Competition from Alternative Materials: Glass plates face competition from alternative materials such as plastics, ceramics, and composite materials. These materials may offer specific advantages in terms of weight, cost, or durability, potentially affecting demand for glass plates.
  • Technological Substitution: Advancements in technology may lead to the development of novel materials or manufacturing techniques that could replace traditional glass plates in certain applications.
  • Economic Downturns: Economic downturns can impact consumer spending on non-essential items, including glass plates used for decorative or artistic purposes.
  • Environmental Concerns: Increasing environmental awareness and regulations may drive demand for more sustainable materials, potentially affecting the demand for glass plates if they are perceived as less environmentally friendly.
  • Changing Consumer Preferences: Evolving consumer preferences for modern, minimalistic designs could impact demand for decorative glass plates, particularly if traditional designs become less popular.
  • Raw Material Costs: Fluctuations in the cost of raw materials, particularly minerals used in glass production, can impact the overall cost structure of glass plates.
  • Global Supply Chain Disruptions: Disruptions in the global supply chain, as seen during events like the COVID-19 pandemic, can impact the availability of raw materials and manufacturing processes.
  • Regulatory Changes: Changes in regulations related to glass production, recycling, or disposal could impact the manufacturing process and overall market dynamics.
  • Rapid Technological Advances: Rapid advancements in technology and manufacturing methods could lead to the creation of new materials or processes that challenge traditional glass plate manufacturing.
  • Volatility in End-User Industries: Fluctuations in end-user industries like electronics, architecture, and automotive can impact demand for glass plates used in these sectors.
  • Global Trade and Tariffs: Trade tensions and tariffs can impact the cost and availability of raw materials, affecting the glass plate market’s overall profitability.
  • Emergence of Substitutes: In specific applications, alternative products or technologies could emerge that perform similar functions as glass plates, potentially disrupting demand.
  • Brand Reputation and Quality Control: Negative incidents related to glass quality, safety concerns, or consumer perception can harm brand reputation and impact market demand.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 13.24 Billion
Projected Market Size in 2032 USD 19.98 Billion
Market Size in 2022 USD 12.50 Billion
CAGR Growth Rate 4.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Product, Application, Distribution Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East &amp Africa, and South &amp Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

  • By Application: In 2022, the commercial application segment commanded a dominant share exceeding 75.9%. This particular segment encompasses a diverse array of products, including dinnerware, drinking ware, serve ware, and candle containers. Moreover, in recent years, the global travel and tourism sector has demonstrated substantial growth, leading to a notable surge in the establishment of hotels, restaurants, cafés, and pubs. This positive trend is anticipated to create ample opportunities for the expansion of glass tableware in the forthcoming years.
  • By Distribution Channel: In 2022, the offline channel secured a predominant share exceeding 82.0%. In recent years, there has been a notable increase in the adoption of hypermarkets, supermarkets, and specialty stores as platforms for glass tableware distribution on a global scale. Furthermore, manufacturers have embraced a hybrid business model that amalgamates online retailing with brick-and-mortar establishments. The availability of substantial discounts has also acted as a catalyst in attracting a significant influx of consumers to these retail outlets.

Global Glass Plate Market 2023–2032 (By Billion)

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Glass Plate Market – Regional Analysis

  • North America: North America holds a prominent position in the Glass Plate Market due to its robust economy, technological advancements, and diverse industrial sectors. The region’s emphasis on innovation and aesthetics drives demand for glass plates in applications ranging from electronics to interior design.
  • Europe: Europe showcases a mature market for glass plates, driven by strong manufacturing capabilities and a focus on quality and design. The region’s architectural and automotive industries contribute significantly to the demand for glass plates in applications such as windows, facades, and vehicle glazing.
  • Asia-Pacific: The Asia-Pacific region is a rapidly growing market for glass plates, attributed to rapid urbanization, economic expansion, and rising disposable incomes. Countries like China and India exhibit high demand for architectural glass and consumer electronics, propelling the glass plate market’s growth.
  • Latin America: Latin America’s construction and automotive sectors drive the demand for glass plates in applications such as windows, mirrors, and glass facades. Economic growth and an increasing focus on infrastructure development contribute to the market’s expansion.
  • Middle East and Africa: The Middle East and Africa exhibit growing demand for glass plates, particularly in the construction and tourism sectors. Architectural projects, hotel developments, and rising consumer spending bolster the market’s growth in the region.

Global Glass Plate Market 2023–2032 (By Distribution Channel)

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List of the prominent players in the Glass Plate Market:

  • Libbey Inc
  • Arc International
  • Oneida Limited
  • ÅžiÅŸecam Group
  • WMF Group
  • Bormioli Rocco
  • Lenox Corporation
  • Corelle Brands
  • La Opala RG Ltd.
  • Borosil Glass Works Ltd.
  • Kavalierglass a.s.
  • TERMISIL Huta SzkÅa WoÅomin S.A.
  • Others

The Glass Plate Market is segmented as follows:

By Product

  • Dinnerware
  • Drinkware
  • Others

By Application

  • Household
  • Commercial

By Distribution Channel

  • Offline
  • Online

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Glass Plate Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Glass Plate Market : snapshot
  • Chapter 3. Global Glass Plate Market – Industry Analysis
    • 3.1 Glass Plate Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Optical Clarity and Transparency Demand
      • 3.2.2 Rising Demand for Electronics and Displays
      • 3.2.3 Architectural Trends and Glazing Applications
      • 3.2.4 Scientific and Laboratory Usage
      • 3.2.5 Artistic and Decorative Applications
      • 3.2.6 Advancements in Glass Manufacturing Technology
      • 3.2.7 Emerging Optoelectronic Technologies
      • 3.2.8 Environmental and Sustainability Concerns
      • 3.2.9 Industrial Automation and Robotics
      • 3.2.10 Healthcare and Medical Equipment
      • 3.2.11 Consumer Electronics Growth
      • 3.2.12 Customization and Specialty Markets.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By Distribution Channel
  • Chapter 4. Global Glass Plate Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Glass Plate Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Glass Plate Market – Product Analysis
    • 5.1 Global Glass Plate Market overview: By Product
      • 5.1.1 Global Glass Plate Market share, By Product , 2022 and 2032
    • 5.2 Dinnerware
      • 5.2.1 Global Glass Plate Market by Dinnerware, 2023 – 2032 (USD Billion)
    • 5.3 Drinkware
      • 5.3.1 Global Glass Plate Market by Drinkware, 2023 – 2032 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Glass Plate Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Glass Plate Market – Application Analysis
    • 6.1 Global Glass Plate Market overview: By Application
      • 6.1.1 Global Glass Plate Market share, By Application, 2022 and 2032
    • 6.2 Household
      • 6.2.1 Global Glass Plate Market by Household, 2023 – 2032 (USD Billion)
    • 6.3 Commercial
      • 6.3.1 Global Glass Plate Market by Commercial, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Glass Plate Market – Distribution Channel Analysis
    • 7.1 Global Glass Plate Market overview: By Distribution Channel
      • 7.1.1 Global Glass Plate Market share, By Distribution Channel , 2022 and 2032
    • 7.2 Offline
      • 7.2.1 Global Glass Plate Market by Offline, 2023 – 2032 (USD Billion)
    • 7.3 Online
      • 7.3.1 Global Glass Plate Market by Online, 2023 – 2032 (USD Billion)
  • Chapter 8. Glass Plate Industry – Regional Analysis
    • 8.1 Global Glass Plate Industry Regional Overview
    • 8.2 Global Glass Plate Industry Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Glass Plate Industry, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Glass Plate Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Glass Plate Industry, by Product , 2023 – 2032
      • 8.4.1 North America Glass Plate Industry, by Product , 2023 – 2032 (USD Billion)
    • 8.5 North America Glass Plate Industry, by Application, 2023 – 2032
      • 8.5.1 North America Glass Plate Industry, by Application, 2023 – 2032 (USD Billion)
    • 8.6 North America Glass Plate Industry, by Distribution Channel , 2023 – 2032
      • 8.6.1 North America Glass Plate Industry, by Distribution Channel , 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Glass Plate Industry, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Glass Plate Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Glass Plate Industry, by Product , 2023 – 2032
      • 8.8.1 Europe Glass Plate Industry, by Product , 2023 – 2032 (USD Billion)
    • 8.9 Europe Glass Plate Industry, by Application, 2023 – 2032
      • 8.9.1 Europe Glass Plate Industry, by Application, 2023 – 2032 (USD Billion)
    • 8.10 Europe Glass Plate Industry, by Distribution Channel , 2023 – 2032
      • 8.10.1 Europe Glass Plate Industry, by Distribution Channel , 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Glass Plate Industry, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Glass Plate Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Glass Plate Industry, by Product , 2023 – 2032
      • 8.12.1 Asia Pacific Glass Plate Industry, by Product , 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Glass Plate Industry, by Application, 2023 – 2032
      • 8.13.1 Asia Pacific Glass Plate Industry, by Application, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Glass Plate Industry, by Distribution Channel , 2023 – 2032
      • 8.14.1 Asia Pacific Glass Plate Industry, by Distribution Channel , 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Glass Plate Industry, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Glass Plate Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Glass Plate Industry, by Product , 2023 – 2032
      • 8.16.1 Latin America Glass Plate Industry, by Product , 2023 – 2032 (USD Billion)
    • 8.17 Latin America Glass Plate Industry, by Application, 2023 – 2032
      • 8.17.1 Latin America Glass Plate Industry, by Application, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Glass Plate Industry, by Distribution Channel , 2023 – 2032
      • 8.18.1 Latin America Glass Plate Industry, by Distribution Channel , 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Glass Plate Industry, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Glass Plate Industry, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Glass Plate Industry, by Product , 2023 – 2032
      • 8.20.1 The Middle-East and Africa Glass Plate Industry, by Product , 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Glass Plate Industry, by Application, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Glass Plate Industry, by Application, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Glass Plate Industry, by Distribution Channel , 2023 – 2032
      • 8.22.1 The Middle-East and Africa Glass Plate Industry, by Distribution Channel , 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Libbey Inc
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Arc International
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Oneida Limited
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 ÅžiÅŸecam Group
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 WMF Group
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Bormioli Rocco
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Lenox Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Corelle Brands
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 La Opala RG Ltd.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Borosil Glass Works Ltd.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Kavalierglass a.s.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 TERMISIL Huta SzkÅa WoÅomin S.A.
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Others.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
List Of Figures

Figures No 1 to 23

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • Libbey Inc
  • Arc International
  • Oneida Limited
  • ÅžiÅŸecam Group
  • WMF Group
  • Bormioli Rocco
  • Lenox Corporation
  • Corelle Brands
  • La Opala RG Ltd.
  • Borosil Glass Works Ltd.
  • Kavalierglass a.s.
  • TERMISIL Huta SzkÅa WoÅomin S.A.
  • Others

FAQs

The key factors driving the Market are Optical Clarity and Transparency Demand, Rising Demand for Electronics and Displays, Architectural Trends and Glazing Applications, Scientific and Laboratory Usage, Artistic and Decorative Applications, Advancements in Glass Manufacturing Technology, Emerging Optoelectronic Technologies, Environmental and Sustainability Concerns, Industrial Automation and Robotics, Healthcare and Medical Equipment, Consumer Electronics Growth And Customization and Specialty Markets.

The “Product” category dominated the market in 2022.

The key players in the market are Libbey Inc, Arc International, Oneida Limited, ÅžiÅŸecam Group, WMF Group, Bormioli Rocco, Lenox Corporation, Corelle Brands, La Opala RG Ltd., Borosil Glass Works Ltd., Kavalierglass a.s., TERMISIL Huta SzkÅa WoÅomin S.A., Others.

“North America” had the largest share in the Glass Plate Market.

The global market is projected to grow at a CAGR of 4.2% during the forecast period, 2023-2032.

The Glass Plate Market size was valued at USD 12.50 Billion in 2022.

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