India Flat Glass Companies (2024 - 2029)

India Flat Glass Market Companies Summary

The Indian flat glass market, led by major corporations, experienced a significant downturn due to the COVID-19 pandemic, which led to a complete lockdown in late March 2020. This resulted in a slowdown of economic activities, affecting domestic construction, industrial, and manufacturing sectors. However, as of 2021, the demand from these sectors has recovered and is expected to grow significantly in the coming years. Factors driving the growth of this industry include increasing demand from the construction industry and growing demand for electronic displays. Despite the rising cost of raw materials, opportunities for growth are seen in the rising installation of solar panels. In the Indian flat glass market, annealed glass plays a dominant role. This type of glass, which undergoes a thermal treatment and slow cooling process, is commonly used in the construction of buildings and in the automotive industry. In the construction sector, annealed glass is often used to reduce carbon footprint by allowing access to natural daylight. Furthermore, annealed glass can be further processed to produce laminated glass, tempered glass, toughened glass, and others. The construction and infrastructure industry holds the highest market share in the Indian flat glass market, primarily driving the growth of the glass industry.