Market Overview:
The global glass reinforced furnaces market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wired glass, bullet-proof glass, and crystal glass from various end-use industries. Additionally, the growing construction industry is also fueling the demand for glass reinforced furnaces globally. Based on type, the global market for glass reinforced furnaces has been segmented into horizontal reinforced furnaces and vertical reinforced furnaces. Of these, the horizontal type is expected to account for a larger share of this market in terms of revenue during the forecast period. This can be attributed to its growing popularity among end-use industries such as automotive and construction owing to its low cost and easy installation process. Based on application, Wired Glass accounted for majority share of Global Glass Reinforced Furnace Market by Application in 2017; it will continue dominating throughout forecast period with highest CAGR due rising security concerns across globe . Other applications such as Bullet Proof Glass , Crystal Glass are also projected witness significant growth over next few years .
Product Definition:
A furnace is a large oven used for heating. A glass-reinforced furnace (GRF) is a type of furnace that uses glass as the main heat-transfer medium. The importance of GRFs lies in their ability to achieve very high temperatures while maintaining excellent thermal insulation. This makes them ideal for applications such as melting metals or producing ceramics.
Horizontal Reinforced Furnaces:
Horizontal reinforced furnaces are used to melt metal ores or rocks at high temperatures for the production of steel and related products. The process involves a series of operations, which include heating, feeding, melting and controlling the temperature of metal materials in order to produce shapes that cannot be produced using traditional techniques.
Vertical Reinforced Furnaces:
Vertical reinforced furnaces are used in glass-making industries to melt silica sand and other materials at high temperatures. Vertical furnaces have a vertical rather than horizontal airflow, which results in more uniform heating of the materials being processed. The molten metal or liquid is passed through a succession of hoppers, known as ladles, by means of pipes running vertically through the building structure.
The molten stream is directed towards the bottom of the furnace where it pools.
Application Insights:
Wired glass accounted for the largest share of over 40.0% in 2017 and is projected to grow at a significant rate over the forecast period. This growth can be attributed to rising demand from various end-use industries such as building & construction, automotive, consumer goods and electronics among others. Growing urbanization along with increasing disposable income has led to an increase in the number of households installing wired glass units in their homes or offices, which is expected to drive industry growth over the coming years.
The bullet-proof glass segment is anticipated register a CAGR of XX% from 2018 to 2030 owing majorly due to its usage by defense agencies worldwide for ballistic protection against handgun attacks and other projectiles such as knives & machetes etc.
Regional Analysis:
North America dominated the global glass reinforced furnaces market in 2016 and is expected to continue over the forecast period. The growth of this region can be attributed to increasing demand for bullet-proof, crystal and other specialty glasses. In addition, growing demand for electric vehicles is also likely to drive product growth over the next eight years.
The Asia Pacific regional market captured a revenue share of more than 20% in 2016 owing to rising investments by governments in developing countries such as India and China along with Japan are boosting production activities within these countries which subsequently drives product sales across regions.
Growth Factors:
- Growing demand from the automotive and aerospace industries for lightweight and high-performance components is expected to drive the growth of the glass reinforced furnaces market.
- The increasing use of composites in wind turbines is also projected to boost the demand for glass reinforced furnaces in the near future.
- Rising investments in research and development activities for developing new applications of composites is anticipated to create lucrative opportunities for players operating in this market during the forecast period.
- The growing popularity of electric vehicles is expected to fuel the demand for lightweight composites, which, in turn, will propel growth of the glass reinforced furnaces market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Reinforced Furnaces Market Research Report
By Type
Horizontal Reinforced Furnaces, Vertical Reinforced Furnaces
By Application
Wired Glass, Bullet-Proof Glass, Crystal Glass, Other
By Companies
MAPPI INTERNATIONAL, CTM SR, LANDGLASS TECHNOLOGY, GLASREM, Nabertherm, Shijiazhuang Wufeng Thermal Machinery, MAPPI INTERNATIONAL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Glass Reinforced Furnaces Market Report Segments:
The global Glass Reinforced Furnaces market is segmented on the basis of:
Types
Horizontal Reinforced Furnaces, Vertical Reinforced Furnaces
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wired Glass, Bullet-Proof Glass, Crystal Glass, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MAPPI INTERNATIONAL
- CTM SR
- LANDGLASS TECHNOLOGY
- GLASREM
- Nabertherm
- Shijiazhuang Wufeng Thermal Machinery
- MAPPI INTERNATIONAL
Highlights of The Glass Reinforced Furnaces Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Horizontal Reinforced Furnaces
- Vertical Reinforced Furnaces
- By Application:
- Wired Glass
- Bullet-Proof Glass
- Crystal Glass
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Glass Reinforced Furnaces Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Glass Reinforced Furnaces are a type of furnace that uses glass as the primary material for its walls and roof. The glass is specially treated to make it extremely strong and resistant to breaking, which makes it a popular choice for high-end furnaces.
Some of the major companies in the glass reinforced furnaces market are MAPPI INTERNATIONAL, CTM SR, LANDGLASS TECHNOLOGY, GLASREM, Nabertherm, Shijiazhuang Wufeng Thermal Machinery, MAPPI INTERNATIONAL.
The glass reinforced furnaces market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glass Reinforced Furnaces Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Glass Reinforced Furnaces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glass Reinforced Furnaces Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Glass Reinforced Furnaces Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Glass Reinforced Furnaces Market Size & Forecast, 2020-2028
4.5.1 Glass Reinforced Furnaces Market Size and Y-o-Y Growth
4.5.2 Glass Reinforced Furnaces Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Horizontal Reinforced Furnaces
5.2.2 Vertical Reinforced Furnaces
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Wired Glass
6.2.2 Bullet-Proof Glass
6.2.3 Crystal Glass
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Glass Reinforced Furnaces Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Glass Reinforced Furnaces Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Horizontal Reinforced Furnaces
9.6.2 Vertical Reinforced Furnaces
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Wired Glass
9.10.2 Bullet-Proof Glass
9.10.3 Crystal Glass
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Horizontal Reinforced Furnaces
10.6.2 Vertical Reinforced Furnaces
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Wired Glass
10.10.2 Bullet-Proof Glass
10.10.3 Crystal Glass
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Horizontal Reinforced Furnaces
11.6.2 Vertical Reinforced Furnaces
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Wired Glass
11.10.2 Bullet-Proof Glass
11.10.3 Crystal Glass
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Horizontal Reinforced Furnaces
12.6.2 Vertical Reinforced Furnaces
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Wired Glass
12.10.2 Bullet-Proof Glass
12.10.3 Crystal Glass
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Horizontal Reinforced Furnaces
13.6.2 Vertical Reinforced Furnaces
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Wired Glass
13.10.2 Bullet-Proof Glass
13.10.3 Crystal Glass
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Glass Reinforced Furnaces Market: Competitive Dashboard
14.2 Global Glass Reinforced Furnaces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MAPPI INTERNATIONAL
14.3.2 CTM SR
14.3.3 LANDGLASS TECHNOLOGY
14.3.4 GLASREM
14.3.5 Nabertherm
14.3.6 Shijiazhuang Wufeng Thermal Machinery
14.3.7 MAPPI INTERNATIONAL
