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The evolving glass market of India

glass market

by Anushree Ghosh

The optical qualities of glass make it one of the most favorable products in the construction industry. Green buildings are trendy and necessary, as they conserve energy and aesthetically suites our eyes. The transparency of glass not only beautifies the overall design but has other functional values also. The idea of  ‘seeing through the walls’ enhances positivity and establishes the concept of being candid and truthful.

The beverage sector is observing a surge in the demand for container glasses. Glass, when used for holding food or beverage does not affect the taste, as it is chemically inert. It is also relatively easy to produce than plastic and can be recycled.  One can also induce other desirable qualities to amend the properties of glass. Techniques like Narrow Neck Press and Blow (NNPB), could makes glass 30 % lighter than usual.

A high growth metro city like Delhi uses glass for glazing, and glass industry sees a market of potential buyers here due to the upcoming real estate projects of hotels, hospitals and apartments that are surely going to use a lot of glass structures in their designs.  While stone and wood enjoyed being the preferred materials when it comes to interiors for years, glass is swiftly replacing them.  Glass pathways, glass staircases, and glass washrooms are the new parameters of the social status. It is frequently used in manufacturing things like the dining table, bookshelf and gadgets too.

According to a report by ‘Business Wire’ published on March 13, 2017 “Global flat glass market for the construction industry to grow at a CAGR of over 6% during the period 2017-2021”

Reasons for the evolving glass market in Delhi-NCR

The demand for decorative glasses and glasses with digital prints are increasing day by day around Delhi/NCR.

Easy availability of raw materials like sodium carbide and boreux in Delhi, brings the Ghaziabad glass bottleware manufacturing industry at a huge advantage; though the replacement of glass by plastic is a major concern for the steady growth of the industry.

Environment sustainability is slowly becoming the primary concern of the residents of Delhi, thus use of insulated glass is the emerging demand and the high earning aspirational customer is ready to pay extra if needed.

Future of glass industry in India looks extremely positive as all segments are inclined to increase its use. According to a report by TechSci Research, ‘The Indian glass market is poised to grow at the compounded annual growth rate of 14.7% for next five years’. Though, we are at an immature stage of growth which is highly unorganized. Advancement of technology is expected to upgrade the standard that would boost the use of glass in the modern architectural designs. However, lack of proper rules for the glass industry makes the set up volatile. As we see more foreign investments in the real estate sector, glass industry would be exposed to the chances of receiving grants and attention from the new inventors.

Anushree is a versatile writer, theatre actress with an immense passion for any form of art. Her blogs will take you through the different horizons of infracultural stories.

 

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