Market Size of India Flat Glass Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
