Latin America Glass Manufacturing Market Size & Outlook
Latin America glass manufacturing market, 2018-2030 (US$M)
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Latin America glass manufacturing market highlights
- The Latin America glass manufacturing market generated a revenue of USD 4,604.3 million in 2021.
- The market is expected to grow at a CAGR of 4.7% from 2022 to 2030.
- In terms of segment, container glass was the largest revenue generating material in 2021.
- Fiber Glass is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 4,604.3 million |
| Market revenue in 2030 | USD 6,938.4 million |
| Growth rate | 4.7% (CAGR from 2021 to 2030) |
| Largest segment | Container glass |
| Fastest growing segment | Fiber Glass |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Container Glass, Flat Glass, Fiber Glass |
| Key market players worldwide | AGC Inc, Fuyao Glass Industry Group Co Ltd ADR, Compagnie de Saint-Gobain SA, O-I Glass Inc, Vitro SAB de CV Class A, Luck Oka film Pharmaceutical, Nihon Yamamura Glass, Guardian Glass Services, AGI glaspac, 3B Fiberglass |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global glass manufacturing market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 73,827.7 million by 2030.
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Glass Manufacturing Market Scope
Glass Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America glass manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to glass manufacturing market will help companies and investors design strategic landscapes.
Container glass was the largest segment with a revenue share of 45.82% in 2021. Horizon Databook has segmented the Latin America glass manufacturing market based on container glass, flat glass, fiber glass covering the revenue growth of each sub-segment from 2018 to 2030.
Latin American countries are witnessing rapid growth in foreign direct investments (FDIs) in various industries including automotive, information technology, and electronics, which is expected to augment the demand for glass in the region over the forecast period.
Furthermore, many automotive manufacturers are investing in Central & South American countries; this is expected to fuel the glass manufacturing market growth over the forecast period. For instance, in April 2022, Nissan Motor Co., Ltd. announced to invest USD 276.1 million in its manufacturing facility in Resende, Rio de Janeiro, Brazil.
In addition, in 2021, the Government of Brazil, as a part of its social housing program named Casa Verde Amarela, decided to expand the budget for financing affordable housing by 15% till 2024. These kind of decisions by various governments in the region are anticipated to boost the demand for glass in Central & South American countries over the forecast period.
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Our clientele includes a mix of glass manufacturing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America glass manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America glass manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America glass manufacturing market size, by country, 2018-2030 (US$M)
Latin America Glass Manufacturing Market Outlook Share, 2021 & 2030 (US$M)
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