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CN 3142 | Industry Report

Industrial & Technical Glass Manufacturing in China Industry Data and Analysis

II
IBISWorld
Analyst Beijing, China November 2024

China has become one of the glass manufacturing bases in the world. Demand for glass from domestic and global markets has driven the development of China’s Industrial & Technical Glass Manufacturing industry.The Industrial and Technical Glass Manufacturing industry in China is expected to increase at an annualized rate of 9.6% over the five years through 2024, to $27.0 billion. Glass is an important foundational material in the photovoltaic industry. The development of the photovoltaic industry in the past five years has led to an increase in demand and industry revenue.Under the global environmental impact of energy conservation and environmental protection, the Chinese Government is promoting the use of energy-saving glass in various scenarios. The Chinese Government encourages enterprises to improve the performance and quality of glass. The support of policies has further increased industry income.Industry profit is expected to total 13.3% of revenue in 2024. Total wages are expected to rise by an annualized 2.4% over the five years through 2024, to $1.4 billion. The increasing demand in downstream has driven the development of the industry, leading to an increase in profits. Industry enterprises have shifted to automated production to increase production and reduce labor costs.There are many innovative directions for glass, like being able to adapt to weather changes more quickly, adjusting light intensity more quickly, and saving energy and reducing emissions more effectively. Different innovation directions can meet different needs. To be competitive in the market, enterprises will continuously innovate glass manufacturing technology and integrate various glass functions.With advanced technology and large-scale glass manufacturing production in China, competitive imports are expected to continue to decrease and exports to increase over the next five years. The export market is expected to grow at an average rate of 6.9% in the next five years. Industry revenue is expected to increase an annualized 6.6% over the five years through 2029 to total $37.2 billion.

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What's included in this industry analysis

IBISWorld's research coverage on the Industrial & Technical Glass Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.

About this industry

What's this industry report about?

The Industrial & Technical Glass Manufacturing industry in China operates under the industry code 3142. The Industrial and Technical Glass Manufacturing industry in China mainly manufactures industrial and technical glass used in construction and industrial production. Primary industry products include tempered glass, insulated glass, laminated glass, glass used in construction, and silica glass products. Related terms covered in the Industrial & Technical Glass Manufacturing industry in China include flat glass, curtain wall, laminated glass and low-emissive (low-e) glass.

What's included in this industry?

Products and services covered in Industrial & Technical Glass Manufacturing industry in China include Glass for construction, Glass for automobiles and Glass for home appliances and furniture.

What companies are included in this industry?

Companies covered in the Industrial & Technical Glass Manufacturing industry in China include Fuyao Glass Industry Group Co., Ltd., Flat Glass Group Co., Ltd. and Triumph New Energy Company Limited.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Industrial & Technical Glass Manufacturing industry in China.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Industrial & Technical Glass Manufacturing industry in China.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Industrial & Technical Glass Manufacturing industry in China.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Industrial & Technical Glass Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Industrial & Technical Glass Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Industrial & Technical Glass Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Industrial & Technical Glass Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Industrial & Technical Glass Manufacturing industry in China.

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Frequently Asked Questions

What is the market size of the Industrial & Technical Glass Manufacturing industry in China in 2026?

The market size of the Industrial & Technical Glass Manufacturing industry in China is $27.0bn in 2026.

How many businesses are there in the Industrial & Technical Glass Manufacturing industry in China in 2024?

There are 607 businesses in the Industrial & Technical Glass Manufacturing industry in China, which has grown at a CAGR of 1.7 % between 2019 and 2024.

How may import tariffs affect the Industrial & Technical Glass Manufacturing industry in China?

The Industrial & Technical Glass Manufacturing industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.

How may export tariffs affect the Industrial & Technical Glass Manufacturing industry in China?

The Industrial & Technical Glass Manufacturing industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.

Has the Industrial & Technical Glass Manufacturing industry in China grown or declined over the past 5 years?

The market size of the Industrial & Technical Glass Manufacturing industry in China has been growing at a CAGR of 9.6 % between 2019 and 2024.

What is the forecast growth of the Industrial & Technical Glass Manufacturing industry in China over the next 5 years?

Over the next five years, the Industrial & Technical Glass Manufacturing industry in China is expected to grow.

What are the biggest companies in the Industrial & Technical Glass Manufacturing industry in China?

The biggest companies operating in the Industrial & Technical Glass Manufacturing industry in China are Fuyao Glass Industry Group Co., Ltd., Flat Glass Group Co., Ltd. and Triumph New Energy Company Limited

What does the Industrial & Technical Glass Manufacturing industry in China include?

Glass for construction and Glass for automobiles are part of the Industrial & Technical Glass Manufacturing industry in China.

Which companies have the highest market share in the Industrial & Technical Glass Manufacturing industry in China?

The company holding the most market share in the Industrial & Technical Glass Manufacturing industry in China is Fuyao Glass Industry Group Co., Ltd..

How competitive is the Industrial & Technical Glass Manufacturing industry in China?

The level of competition is moderate and increasing in the Industrial & Technical Glass Manufacturing industry in China.

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