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Glass Manufacturing Post-Pandemic Executive Summary
Glass Manufacturing Post-Pandemic Executive Summary
Manufacturing in a
Post-Pandemic
World CADION, J. | GABRIEL, A.
LASALA, C. | MAZO, C. | SAJOL, K.
and post-pandemic
ANALYSIS AND FORECAST OF GLOBAL GLASS MARKET
B USD
150
100
50
0
2018 2019 2020 2021 2022 2023 2024 2025
4.1% $6.8B
The compound annual growth rate (CAGR) Due to the COVID-19 outbreak, global
from 2020 to 2027 is expected to be 4.1%. manufacturing including electronic
The growing demand for glass in various end products, closure of major global
user industries ranging from automotive, to manufacturing centers, and strict travel
decorative pieces, to engineering, then to restrictions imposed by most countries are
applications in modern science will propel the main reasons for the obvious decline in
the industry growth throughout the the manufacturing output of 2020, as well as
assessment period. These advancements its market share. This resulted in a $6.8B
and iterations have clearly expanded the drop in the global market from 2019 to 2020.
potential for the glass manufacturing Despite the effects of COVID-19, the global
market. glass market is still expected to be worth
$180.2B by 2028.
[1]
ME413-18
[2]
ME413-18
4. Localized manufacturing
COVID-19 exposed the vulnerabilities in the global supply chain,
making manufacturers aware of the dangers of concentrating
production in one part of the world. Local supply and industry
can help with this, and with support it is subsequently boosted.
[3]
ME413-18
[4]
ME413-18