Glass Mold Market Shows Boosted Growth Rate in 2021

The global glass mold market was valued at US$ 802.5 million in 2018, and is expected to register a CAGR of 3.0% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 1,042.0 million by 2027.

The growth of glass mold market is attributed to increasing demand for glass products such as bottles, jars, vials, and glass lab-wares for application in various end-use industries such as chemical, food & beverages, healthcare, consumer electronics, and cosmetics. Increasing demand for glass molds from end-use industries is expected to propel growth of the global glass mold market.

Among mold type, the ordinary cast iron mold segment accounted for the largest market share in 2018, in terms of revenue owing to increasing demand for ordinary cast iron molds in manufacturing various glass products and glass accessories. Furthermore, ceramic glass molds are preferred for manufacturing tableware, dinnerware, and decorative objects. The main advantage of using ceramic molds is their safe reusability. Ceramic molds don’t need any coating in order to prevent glass from sticking to the mold. Silicon carbide ceramic glass molds can be used for shaping Pyrex glass without an anti-sticking agent.

Moreover, glass molds are used to make different types of clean & colored bottles which are required to store fragrances, deodorants, cosmetic ampoules, perfume samplers, dropper bottles, and various other products. Increasing demand of bottle wares is expected to boost growth of glass mold market during the forecast period. Furthermore, Borosilicate glass molds are preferred for specific applications such as precision glass molding due to their limited thermal stability as compared to metals or alloy.

North America accounted for the largest market share in the global glass mold market in 2018, due to favorable growth of the pharmaceutical industry in the region. According to International Trade Association, pharmaceuticals is one of the largest, R&D intensive industries in the U.S. The research-based industry invests over 15-20% of the total revenue generated on R&D per year (over US$ 50 Billion in 2016). Moreover, total sales of pharmaceuticals in Canada are expected to increase to US$ 20.3 billion by 2020.

In consumer electronics industry, glass molds are required for production of light bulbs, glass lenses, high pressure lamps, power insulators, and various other glass products. Glass bricks, Borosilicate pots, and decorative glass interiors are produced by glass molds and are used in commercial construction.

Glass is used in for manufacturing bottles, containers, vials, syringes, and ampoules among others. Glass molds play an important role in manufacturing of glass products such as ampoules, syringes and vials. Glass is preferred for these application as it tends to not react with the contents that are present in the package, thereby maintaining the life of the chemical or medicine. Hence, manufacturers are looking at glass packing solutions to improve the shelf life of the product.

“Before Buying Check Our Discount For Your Better Business” https://www.coherentmarketinsights.com/insight/request-discount/2618

Increasing demand for glass products such as jars, glass accessories, and glass lab-wares for application in various end-use industries such as chemical, food & beverages, healthcare, consumer electronics, and cosmetics. Therefore, significant increase in demand of glass wares is expected to boost glass mold market during the forecast period. Demand for glass bottles is especially high for packaging of alcoholic beverages, resulting in rampant growth of the glass molding industry. According to the Glass Packaging Institute, beer was the largest segment for glass bottles, representing nearly 57% of the total market in 2016 in the U.S.

Market Dynamics

Among end-use industries, the chemical segment is expected to account for significant market share in the global glass mold market. In 2018, the segment accounted for 13.7% share in the global glass mold market in terms of revenue. Beakers, cylinders, colored & clear bottles, flasks, burettes, pipettes, and various other lab-wares have extensive demand in chemical industries. In addition to lab-wares, amber glass bottles and jars are used for storing light sensitive chemicals in order to maintain quality of chemicals.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

The global glass mold market was valued at US$ 802.5 million in 2018, and is expected to register a CAGR of 3.0% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 1,042.0 million by 2027.

The growth of glass mold market is attributed to increasing demand for glass products such as bottles, jars, vials, and glass lab-wares for application in various end-use industries such as chemical, food & beverages, healthcare, consumer electronics, and cosmetics. Increasing demand for glass molds from end-use industries is expected to propel growth of the global glass mold market.

Among mold type, the ordinary cast iron mold segment accounted for the largest market share in 2018, in terms of revenue owing to increasing demand for ordinary cast iron molds in manufacturing various glass products and glass accessories. Furthermore, ceramic glass molds are preferred for manufacturing tableware, dinnerware, and decorative objects. The main advantage of using ceramic molds is their safe reusability. Ceramic molds don’t need any coating in order to prevent glass from sticking to the mold. Silicon carbide ceramic glass molds can be used for shaping Pyrex glass without an anti-sticking agent.

Moreover, glass molds are used to make different types of clean & colored bottles which are required to store fragrances, deodorants, cosmetic ampoules, perfume samplers, dropper bottles, and various other products. Increasing demand of bottle wares is expected to boost growth of glass mold market during the forecast period. Furthermore, Borosilicate glass molds are preferred for specific applications such as precision glass molding due to their limited thermal stability as compared to metals or alloy.

North America accounted for the largest market share in the global glass mold market in 2018, due to favorable growth of the pharmaceutical industry in the region. According to International Trade Association, pharmaceuticals is one of the largest, R&D intensive industries in the U.S. The research-based industry invests over 15-20% of the total revenue generated on R&D per year (over US$ 50 Billion in 2016). Moreover, total sales of pharmaceuticals in Canada are expected to increase to US$ 20.3 billion by 2020.

In consumer electronics industry, glass molds are required for production of light bulbs, glass lenses, high pressure lamps, power insulators, and various other glass products. Glass bricks, Borosilicate pots, and decorative glass interiors are produced by glass molds and are used in commercial construction.

Glass is used in for manufacturing bottles, containers, vials, syringes, and ampoules among others. Glass molds play an important role in manufacturing of glass products such as ampoules, syringes and vials. Glass is preferred for these application as it tends to not react with the contents that are present in the package, thereby maintaining the life of the chemical or medicine. Hence, manufacturers are looking at glass packing solutions to improve the shelf life of the product.

“Before Buying Check Our Discount For Your Better Business” https://www.coherentmarketinsights.com/insight/request-discount/2618

Increasing demand for glass products such as jars, glass accessories, and glass lab-wares for application in various end-use industries such as chemical, food & beverages, healthcare, consumer electronics, and cosmetics. Therefore, significant increase in demand of glass wares is expected to boost glass mold market during the forecast period. Demand for glass bottles is especially high for packaging of alcoholic beverages, resulting in rampant growth of the glass molding industry. According to the Glass Packaging Institute, beer was the largest segment for glass bottles, representing nearly 57% of the total market in 2016 in the U.S.

Market Dynamics

Among end-use industries, the chemical segment is expected to account for significant market share in the global glass mold market. In 2018, the segment accounted for 13.7% share in the global glass mold market in terms of revenue. Beakers, cylinders, colored & clear bottles, flasks, burettes, pipettes, and various other lab-wares have extensive demand in chemical industries. In addition to lab-wares, amber glass bottles and jars are used for storing light sensitive chemicals in order to maintain quality of chemicals.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com