Glass Manufacturing Market Analysis, Size, Growth, Share, Outlook & Forecast to 2027
The global glass manufacturing market size is projected to reach USD 174.92 billion by 2027, expanding at a CAGR of 4.1%, according to a new report by Grand View Research, Inc. Rising electronics production and expanding residential construction sector in emerging economies of Asia Pacific are anticipated to be the major growth drivers. Besides the growth in semiconductor and electronics industries, infrastructure development in emerging economies and increasing penetration of glass in automotive and transportation sector are likely to propel the product demand in the forthcoming years. Amid the COVID-19 pandemic in 2020, the industry is likely to witness considerable decline in the respective year, while taking a sharp upward trajectory from second half of 2021. Asia Pacific is expected to register significant growth over the forecast period as the region is expected to recover quickly from COVID-19 pandemic. To reduce severe impacts of pandemic, key countries in the region including China, Thailand, Malaysia, Indonesia, India, Australia, and Japan have announced plans to unleash massive amounts of fiscal stimulus. For instance, in April 2020, Singapore announced to release third economic package of nearly USD 3.6 billion to tackle pandemic related challenges. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/glassmanufacturing-market