India Borosilicate Glass Market (2025-2031) Outlook | Forecast, Industry, Trends, Growth, Analysis, Share, Size, Revenue, Value & Companies

Market Forecast By Type (High Borosilicate Glass, Medium Borosilicate Glass), By Application (Solar Energy Tubes, Heat Glassware, Laboratory Glassware, Pharmaceutical Packaging, Chemical Tubes, Others) And Competitive Landscape
Product Code: ETC355824 Publication Date: Aug 2022 Product Type: Market Research Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Borosilicate Glass Market Import Shipment Trend (2020-2024)

The India borosilicate glass market import shipment demonstrated robust growth with a CAGR of 14.5% from 2020 to 2024. Although the growth rate between 2023 and 2024 slightly decreased to 10.0%, indicating a possible stabilization, the overall trend suggests a continued expansion in the market.

Graph Showing India borosilicate glass market Shipment Trend & Volume from 2020-2024

India Borosilicate Glass Market Synopsis

The India borosilicate glass industry is projected to reach around USD 636 million by 2025 with a compound annual growth rate of 11%. This sector has been significantly driven by growing demand from various end-user industries such as pharmaceutical packaging, chemicals & reagents manufacturing units, and food & beverage manufacturers due to their excellent thermal shock properties and clarity over soda lime glasses. Government investments on infrastructural development projects coupled with rising disposable income have also led to greater demand for laboratory equipment made using borosilicate glasses resulting in strong market potential for the product across the country.

Market Drivers of the market

Borosilicate glass is gaining popularity in India due to its unique properties, including high resistance to thermal shock, chemical durability, and excellent optical clarity. This has led to its extensive use in laboratory equipment, cookware, and lighting fixtures. Additionally, the increasing demand for borosilicate glass in the pharmaceutical industry for packaging purposes is driving market growth. The glass`s ability to withstand high temperatures and maintain the integrity of medicines makes it a preferred choice for pharmaceutical packaging. Furthermore, the growing awareness of the eco-friendly and recyclable nature of borosilicate glass is also influencing its adoption in various industries, thereby boosting the market in India.

Challenges of the Market

The borosilicate glass market in India is experiencing significant growth primarily due to its unique properties, such as high resistance to thermal shock and excellent chemical durability. These characteristics make it a preferred material for various applications, including laboratory equipment, cookware, and lighting fixtures. Additionally, the rising demand for borosilicate glass in the pharmaceutical industry for packaging purposes is a major driver for market growth. Its ability to withstand high temperatures and maintain the integrity of medicines makes it ideal for pharmaceutical packaging. Furthermore, the growing awareness of the eco-friendly and recyclable nature of borosilicate glass is also positively influencing its adoption in multiple industries, thereby boosting the market in India.

Covid-19 Impact on the Market

The borosilicate glass market in India faced various challenges during the COVID-19 pandemic. With the nationwide lockdown and disruptions in supply chains, production and distribution of borosilicate glass products were severely impacted. The closure of industries and restrictions on non-essential activities led to a decline in demand for laboratory equipment and cookware, affecting the market`s growth. However, the market showed resilience as the pandemic heightened the focus on healthcare and pharmaceuticals. The pharmaceutical glass packaging segment witnessed increased demand for storing and transporting medicines and vaccines. Moreover, the growing awareness of the importance of sustainable and eco-friendly materials further boosted the demand for borosilicate glass in various applications. As the restrictions eased and economic activities resumed, the market gradually recovered, with players adapting to new safety norms and exploring innovative solutions to meet the changing consumer needs.

Key Players of the Market

In the India borosilicate glass market, key players include Borosil Limited, Duran Group, Corning Incorporated, Kavalierglass, and Schott AG. These companies are prominent manufacturers and suppliers of borosilicate glass products, catering to various industries such as laboratory equipment, cookware, pharmaceutical packaging, and lighting fixtures. They have established a strong presence in the India market, offering high-quality and innovative borosilicate glass solutions. With a focus on product development, sustainability, and customer-centric approaches, these key players continue to drive the growth of the borosilicate glass market in India.

Key Highlights of the Report:

  • India Borosilicate Glass Market Outlook
  • Market Size of India Borosilicate Glass Market, 2024
  • Forecast of India Borosilicate Glass Market, 2031
  • Historical Data and Forecast of India Borosilicate Glass Revenues & Volume for the Period 2021-2031
  • India Borosilicate Glass Market Trend Evolution
  • India Borosilicate Glass Market Drivers and Challenges
  • India Borosilicate Glass Price Trends
  • India Borosilicate Glass Porter's Five Forces
  • India Borosilicate Glass Industry Life Cycle
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By High Borosilicate Glass for the Period 2021-2031
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By Medium Borosilicate Glass for the Period 2021-2031
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By Solar Energy Tubes for the Period 2021-2031
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By Heat Glassware for the Period 2021-2031
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By Laboratory Glassware for the Period 2021-2031
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By Pharmaceutical Packaging for the Period 2021-2031
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By Chemical Tubes for the Period 2021-2031
  • Historical Data and Forecast of India Borosilicate Glass Market Revenues & Volume By Others for the Period 2021-2031
  • India Borosilicate Glass Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • India Borosilicate Glass Top Companies Market Share
  • India Borosilicate Glass Competitive Benchmarking By Technical and Operational Parameters
  • India Borosilicate Glass Company Profiles
  • India Borosilicate Glass Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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