Glass Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Glass Market in India and is segmented by Product Type (Annealed Glass (Including Tinted Glass), Coater Glass, Reflective Glass, Processed Glass, and Mirrors), and End-user Industry (Building and Construction, Automotive, Solar Glass, and Other End-user Industries). The report offers market size and forecast for India's flat glass in revenue (USD million) for all the above segments.

Glass in India Market Size

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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


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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 Market Trends

This section covers the major market trends shaping the India Flat Glass Market according to our research experts:

Annealed Glass to Dominate the Market

  • Annealed glass is softer, thermally treated, and slowly cooled to release any internal stresses after the glass is formed. This process of treating the glass is known as the annealing process, deriving the name annealed glass. However, annealed glass is also commonly referred to as plate or window glass.
  • Float, clear, and tinted glass are major annealed glasses commercially used for varied applications.
  • Annealed glass is used in the windows of buildings. In India, several green buildings or LEED buildings focus on reducing carbon footprint in various ways. One of which is using clear glass to access natural daylight.
  • According to Green Building Information Gateway, the residential complex DLF Camellias in Gurugram is India's largest LEED-certified green building with a size of 4.7 million square feet as of April 2021.
  • Annealed glass can be used for further processing to obtain laminated glass, tempered glass, toughened glass, and others. Laminated glass is widely used in the automotive industry.
  • Tinted glass is used in cars and other motor vehicles to avoid excess heat and to block the sun's rays. It also helps in the effective cooling of ACs installed in the vehicles. Although dark tinted glasses are banned in India, according to government guidelines vehicles can have tinted glass if the visibility for the front/rear windshield and side window is at least 70 and 50 per cent VLT respectively.
  • According to the OICA, the production of motor vehicles in India accounted for 4.4 million units in 2021 with an increase of 23% from the previous year with production value of 3.38 million units.
  • According to Department for Promotion of Industry and Internal Trade (India), the proposed investment value in the glass sector in India for fiscal year 2021 amounted to INR 57.12 billion (~USD 0.77 billion) as compared to the fiscal year 2020 with proposed amount of INR 5.67 billion (~USD 0.08 billion).
  • Annealed glass is generally cheaper than other glass types, as no additional manufacturing process is required in production. The factor mentioned above is expected to drive the demand for annealed glass in the country.
India Flat Glass Market - Total Volume of Motor Vehicle Production, in Million Units, India, 2017-2021

Construction Industry to Hold the Highest Market Share

  • The Indian glass industry's growth has been driven primarily by the construction sector. The construction and infrastructure industry holds the highest market share in the Indian flat glass market due to the growing demand for flat glass in residential building projects.
  • 100% foreign direct investment in the construction industry in India under automatic route is permitted in completed projects for operations and management of townships, malls/shopping complexes, and business constructions.
  • By 2025, the Indian construction market output is expected to grow, on average, by 7.1% each year. The real estate industry in India is expected to reach USD 1 trillion by 2030.
  • ICRA estimates that Indian firms are expected to raise INR 3.5 trillion (USD 48 billion) through infrastructure and real estate investment trusts in 2022, compared with raised funds worth USD 29 billion.
  • According to the IBEF, In the first half of 2022, office absorption in the top seven cities stood at 27.20 million sq. ft. between July 2021-September 2021, a total of 55,907 new housing units were sold in the eight micro markets in India (59% YoY growth).
  • As per the IBEF, the market size of Indian real estate for forecast year 2030 (F) is valued at USD 1,000 billion.
  • In 2021-22, the commercial space was expected to record increasing investments. For instance, in October 2021, Chintels Group announced to invest INR 400 crore (USD 53.47 million) to build a new commercial project in Gurugram, covering a 9.28 lakh square feet area.
India Flat Glass Market - Market Size of Real Estate, in USD billion, India, 2017-2030 (F)

Glass in India Industry Overview

The Indian flat glass market is consolidated. The major players include Saint Gobain, Asahi India Glass Limited, Gujarat Guardian Limited, Gold Plus Float Glass, and Şişecam, among others (not in any particular order).

Glass in India Market Leaders

  1. Saint-Gobain

  2. Asahi India Glass Limited

  3. Şişecam

  4. Gujarat Guardian Limited

  5. Gold Plus Float Glass

*Disclaimer: Major Players sorted in no particular order

India Flat Glass Market - Market Concentration.png
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Glass in India Market News

  • In December 2022, Saint-Gobain announced to invest INR 1,800 crore (~USD 243.45 million) to expand its businesses, including glass, construction chemicals, and ceramics in its world's biggest flat glass factory at Bhiwandi in Rajasthan, which will be inaugurated in the second quarter of 2023.
  • In March 2022, Saint-Gobain, a French manufacturer of float glass, invested INR 500 crore (~USD 67.63 million) in a new float glass facility and an integrated window line at its World Glass Campus in Sriperumbudur, west of Chennai, India.

Glass in India Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Construction Industry

      2. 4.1.2 Growing Demand for Electronic Displays

    2. 4.2 Restraints

      1. 4.2.1 Increasing Cost of Raw Materials

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

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

    1. 5.1 Product Type

      1. 5.1.1 Annealed Glass (Including Tinted Glass)

      2. 5.1.2 Coater Glass

      3. 5.1.3 Reflective Glass

      4. 5.1.4 Processed Glass

      5. 5.1.5 Mirrors

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Automotive

      3. 5.2.3 Solar Glass

      4. 5.2.4 Other End-user Industries


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Asahi India Glass

      2. 6.4.2 Borosil Renewables Ltd.

      3. 6.4.3 Emerge Glass

      4. 6.4.4 G.M.GLASS WORKS

      5. 6.4.5 Gold Plus Float Glass

      6. 6.4.6 Gujarat Guardian Limited

      7. 6.4.7 Nippon Sheet Glass Co., Ltd

      8. 6.4.8 Saint-Gobain

      9. 6.4.9 SCHOTT AG

      10. 6.4.10 Şişecam

    5. *List Not Exhaustive

    1. 7.1 Increasing Installation of Solar Panels

**Subject to Availability
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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
End-user Industry
Building and Construction
Solar Glass
Other End-user Industries
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Glass in India Market Research 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.

The report covers the India Flat Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Flat Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Glass Industry Report

Statistics for the 2024 India Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Glass analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Glass Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)