Selbyville, Delaware, Dec. 03, 2019 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on recycled glass market which estimates the global market for recycled glass will cross USD 4.5 billion by 2026. Increasing awareness associated with waste management and recycling will augment the industry growth during the forecast time span.
Increasing usage of glass cullet in glass manufacturing will drive the product sales in upcoming years. Glass is manufactured basically from silica, soda ash, limestone and other additives. Various harmful gases such as carbon dioxide, nitrogen oxide and sulphur dioxide are produced due to melting activities. Silica, soda ash and limestone are obtained through mining activities which affect the surrounding ecosystem and generate harmful impact on environment. The product can significantly substitute these materials and improve the productivity of manufacturing process. It can help in conservation of raw materials and reduce mining costs. Additionally, introduction of product in glass manufacturing helps in minimizing emissions of harmful gases and energy costs.
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Some major findings of the recycled glass market report include:
- Recycled glass cullet will lead the market in terms of products, owing to their operational benefits in glass manufacturing processes.
- Glass bottles & containers will be the fastest growing segment as they are widely used in pharmaceutical, packaging and beauty & personal care industry.
- Europe will dominate the market due to supportive government policies and availability of modern recycling infrastructures.
- The key manufacturers in the industry are Momentum Recycling, Strategic Materials, Glass Recycled Surfaces, Vetropack Holding and Vitro Minerals.
The complex manufacturing process may negatively influence the market growth in future. The level of contaminants must be controlled to manufacture recycled glass of high quality. Ferrous and non-ferrous metal contaminants can cause damage to the furnace, jamming & clogging of injection ports, erosion of furnace lining, etc. Hence, proper contaminant removal measures must be taken to avoid loss of quality and additional costs.
Browse key industry insights spread across 250 pages with 308 market data tables & 22 figures & charts from the report, “Recycled Glass Market Size By Source (Deposit Program, Drop Off/Buy Back Centers, Curbside Pickups), By Product (Cullet [Clear Cullet, Amber Cullet, Green Cullet], Crushed Glass, Glass Powder), By Application (Glass Bottle & Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Netherlands, Sweden, Norway, China, India, Japan, Australia, Singapore, Thailand, South Korea, Brazil, Mexico, South Africa, Egypt, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/recycled-glass-market
The recycled glass market is segmented on the basis of source, product and application. Curbside pickups will grow at a CAGR close to 7.5% between 2019 to 2026 Curbside pickups are time efficient and aid in maintaining locality cleanliness. Recycled glass powder will cross USD 230 million by 2026. It is used as a fine aggregate in concrete to improve compressive strength. Rising construction activities all over the world will propel this sector’s growth in future.
Flat glass segment is likely to cross USD 600 million by the end of forecast period. Increasing applications of flat glass to manufacture mirrors, architectural structures, window glasses, etc. will bolster the sector’s growth. Highway beads will grow with a CAGR over 7% within the forecast period. Beads made with recycled glass are used in road and highway construction to improve the visibility of road markings and ensure safety of road users.
North America will capture considerable volume share by 2026. The regional governments are offering funding and grants to glass recycling businesses. In U.S., Glass Recycling Foundation (GRF) was established to offer and raise funds for the domestic glass recycling activities. It will collaborate with Glass Recycling Coalition (GRC) and many recycled glass producers to bring investments together and improve the regional glass recycling rate. Such initiatives will spur the recycled glass market growth within the forecast period.
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Partial chapter from report table of contents (TOC):
Chapter 2. Executive Summary
2.1. Recycled glass market 360° synopsis, 2016 – 2026
2.1.1. Business trends
2.1.2. Source trends
2.1.3. Product trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Recycled Glass Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 - 2026
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key manufacturers/distributors
3.3.6.2. List of key/potential customers
3.4. Raw material trends
3.5. Innovation & sustainability
3.5.1. Patent analysis
3.5.2. Technology landscape
3.5.3. Production process
3.5.4. Future trends
3.6. Industry impact forces
3.6.1. Growth driver
3.6.1.1. Rising awareness about sustainable development
3.6.1.2. Tightening legislation to use recycle glass in Europe
3.6.2. Industry pitfalls & challenges
3.6.2.1. Complex manufacturing process
3.6.2.2. High investment in glass recycling
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. South Korea
3.8. Growth potential analysis
3.9. Regional price trends
3.9.1. Cost structure analysis
3.9.1.1. R & D cost
3.9.1.2. Manufacturing & equipment cost
3.9.1.3. Raw material cost
3.9.1.4. Distribution cost
3.9.1.5. Operating cost
3.9.1.6. Miscellaneous cost
3.9.2. Price by source
3.9.3. Price by product
3.9.4. Price by application
3.10. Competitive landscape, 2018
3.10.1. Company market share analysis, 2018
3.10.2. Strategic dashboard
3.11. Porter's analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Industry rivalry
3.11.5. Threat of substitutes
3.12. PESTEL analysis
Browse complete report table of contents@ https://www.gminsights.com/toc/detail/recycled-glass-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.