Global Glass Melt Furnace Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030
Glass-melting furnaces — also known as annealing ovens and glass furnaces — are specialized industrial ovens that melt raw materials into a liquid state. The glass furnace is a critical component in modern glass manufacturing. Electric glass furnaces are the most common industrial annealing ovens. Materials like silica, limestone, sand, soda ash and other additives are heated to their melting point.
Market Overview:
The latest research study on the global Glass Melt Furnace market finds that the global Glass Melt Furnace market reached a value of USD 1086.02 million in 2023. It’s expected that the market will achieve USD 1663.79 million by 2029, exhibiting a CAGR of 7.37% during the forecast period.
Inflation refers to the rate at which prices rise over a specific period of time. It is a typically broad measure of general price increases or increases in the cost of living in a country. Since the outbreak of the global COVID-19 epidemic in 2020, consumers around the world have faced different challenges and crises. During early lockdowns, consumers around the world faced shortages of goods, particularly food and hygiene products, due to a sudden increase in demand. The following year saw rising prices, logistical challenges and the outbreak of war in Ukraine in early 2022 leading to increased global inflation and cost of living pressures. In 2023, with the interest rate hike policies of many economies, excessive inflation will gradually come down.
On the one hand, inflation increases supply chain pressure, and rising prices of raw materials, labor, transportation, etc. increase the production costs of Glass Melt Furnace products. As production costs rise, companies may adjust product prices, thereby affecting operating results. However, if the pressure of rising production costs is not transferred to customers, corporate profits will be squeezed.
On the other hand, Glass Melt Furnace is an important part of glass manufacturing. Natural gas, electricity and other energy are needed in the glass manufacturing process. However, the turmoil in Europe has exacerbated the energy crisis. For example, from the year-on-year change, in 2023 In the first half of the year, EU electricity prices increased by 14.5% and natural gas prices increased by 37.9%. As the locomotive of Europe's economy, Germany's manufacturing industry has been greatly affected by factors such as rising energy prices and labor shortages. Therefore, energy shortages will cause glass manufacturers to reduce the production of glass, thus reducing the demand for Glass Melt Furnace.
Glass is one of the most popular and versatile building materials today, due in part to its ever-improving solar and thermal properties. The global construction industry is currently on an upward trajectory driven by several key growth drivers, including population growth in emerging countries growth, aging populations in developed countries, increasing urbanization and the concentration of megacities, decarbonization, and the digital transformation of economies. Governments of developing countries are planning to increase investment in the development of large-scale infrastructure projects. Increasing consumer awareness of energy conservation and environmental protection, strict government regulations on carbon emissions, and government initiatives to promote home decoration activities have combined to increase demand for green buildings. The rapid growth of the glass industry due to the shift from plastics to sustainable solutions has increased the demand for glass furnaces.
Region Overview:
In 2022, the share of the Glass Melt Furnace market in Asia-Pacific stood at 34.77%.
Company Overview:
The major players operating in the Glass Melt Furnace market include Fives Stein, France, Horn Glass Industries AG, Nikolaus Sorg Ofenbau, Germany, Teco (Toledo Engineering) , UK, Chengde Huafu Glass Technology Engineering Co., Ltd, etc. Among which, Fives Stein ranked top in terms of sales and revenue in 2023.
Fives Stein an industrial engineering group, designs and supplies machines, process equipment and production lines for the world's largest industrial players. Fives' multisector expertise provides a global vision of industries and markets that yield a continuous source of innovation.
Segmentation Overview:
By type, Low-Temperature Furnace (Below 1600°C) segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Achitechive segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Glass Melt Furnace market covered in Chapter 3:
Kilns & Furnaces Ltd.
CM Furnaces Inc.
Fives Stein, France
Chengde Huafu Glass Technology Engineering Co., Ltd
Forglass, Poland
Zhengzhou Brother Furnace Co., Ltd.
Chongqing Life Furnace Technology, China
Super Furnace Works, India
HFT, USA
Nikolaus Sorg Ofenbau, Germany
Deltech Furnaces
Horn Glass Industries AG
Falorni Gianfranco s.r.l
Glass Service, Italy
Meta Therm Furnace Private Limited
Sentro Tech
Teco (Toledo Engineering) , UK
Ihara Furnace, Japan etc.
In Chapter 4 and Chapter 14.2, on the basis of types, the Glass Melt Furnace market from 2019 to 2030 is primarily split into:
Low-Temperature Furnace (Below 1600°C)
Medium Temperature Furnace (1600°C-1700°C)
High-Temperature Furnace (1700°C-2000°C)
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Glass Melt Furnace market from 2019 to 2030 covers:
Achitechive
Automobile industry
PV industry
Consumer electronics and home appliance industry
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
Glass-melting furnaces — also known as annealing ovens and glass furnaces — are specialized industrial ovens that melt raw materials into a liquid state. The glass furnace is a critical component in modern glass manufacturing. Electric glass furnaces are the most common industrial annealing ovens. Materials like silica, limestone, sand, soda ash and other additives are heated to their melting point.
Market Overview:
The latest research study on the global Glass Melt Furnace market finds that the global Glass Melt Furnace market reached a value of USD 1086.02 million in 2023. It’s expected that the market will achieve USD 1663.79 million by 2029, exhibiting a CAGR of 7.37% during the forecast period.
Inflation refers to the rate at which prices rise over a specific period of time. It is a typically broad measure of general price increases or increases in the cost of living in a country. Since the outbreak of the global COVID-19 epidemic in 2020, consumers around the world have faced different challenges and crises. During early lockdowns, consumers around the world faced shortages of goods, particularly food and hygiene products, due to a sudden increase in demand. The following year saw rising prices, logistical challenges and the outbreak of war in Ukraine in early 2022 leading to increased global inflation and cost of living pressures. In 2023, with the interest rate hike policies of many economies, excessive inflation will gradually come down.
On the one hand, inflation increases supply chain pressure, and rising prices of raw materials, labor, transportation, etc. increase the production costs of Glass Melt Furnace products. As production costs rise, companies may adjust product prices, thereby affecting operating results. However, if the pressure of rising production costs is not transferred to customers, corporate profits will be squeezed.
On the other hand, Glass Melt Furnace is an important part of glass manufacturing. Natural gas, electricity and other energy are needed in the glass manufacturing process. However, the turmoil in Europe has exacerbated the energy crisis. For example, from the year-on-year change, in 2023 In the first half of the year, EU electricity prices increased by 14.5% and natural gas prices increased by 37.9%. As the locomotive of Europe's economy, Germany's manufacturing industry has been greatly affected by factors such as rising energy prices and labor shortages. Therefore, energy shortages will cause glass manufacturers to reduce the production of glass, thus reducing the demand for Glass Melt Furnace.
Glass is one of the most popular and versatile building materials today, due in part to its ever-improving solar and thermal properties. The global construction industry is currently on an upward trajectory driven by several key growth drivers, including population growth in emerging countries growth, aging populations in developed countries, increasing urbanization and the concentration of megacities, decarbonization, and the digital transformation of economies. Governments of developing countries are planning to increase investment in the development of large-scale infrastructure projects. Increasing consumer awareness of energy conservation and environmental protection, strict government regulations on carbon emissions, and government initiatives to promote home decoration activities have combined to increase demand for green buildings. The rapid growth of the glass industry due to the shift from plastics to sustainable solutions has increased the demand for glass furnaces.
Region Overview:
In 2022, the share of the Glass Melt Furnace market in Asia-Pacific stood at 34.77%.
Company Overview:
The major players operating in the Glass Melt Furnace market include Fives Stein, France, Horn Glass Industries AG, Nikolaus Sorg Ofenbau, Germany, Teco (Toledo Engineering) , UK, Chengde Huafu Glass Technology Engineering Co., Ltd, etc. Among which, Fives Stein ranked top in terms of sales and revenue in 2023.
Fives Stein an industrial engineering group, designs and supplies machines, process equipment and production lines for the world's largest industrial players. Fives' multisector expertise provides a global vision of industries and markets that yield a continuous source of innovation.
Segmentation Overview:
By type, Low-Temperature Furnace (Below 1600°C) segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Achitechive segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Glass Melt Furnace market covered in Chapter 3:
Kilns & Furnaces Ltd.
CM Furnaces Inc.
Fives Stein, France
Chengde Huafu Glass Technology Engineering Co., Ltd
Forglass, Poland
Zhengzhou Brother Furnace Co., Ltd.
Chongqing Life Furnace Technology, China
Super Furnace Works, India
HFT, USA
Nikolaus Sorg Ofenbau, Germany
Deltech Furnaces
Horn Glass Industries AG
Falorni Gianfranco s.r.l
Glass Service, Italy
Meta Therm Furnace Private Limited
Sentro Tech
Teco (Toledo Engineering) , UK
Ihara Furnace, Japan etc.
In Chapter 4 and Chapter 14.2, on the basis of types, the Glass Melt Furnace market from 2019 to 2030 is primarily split into:
Low-Temperature Furnace (Below 1600°C)
Medium Temperature Furnace (1600°C-1700°C)
High-Temperature Furnace (1700°C-2000°C)
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Glass Melt Furnace market from 2019 to 2030 covers:
Achitechive
Automobile industry
PV industry
Consumer electronics and home appliance industry
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
- Chapter 1 Market Definition and Statistical Scope
- Chapter 2 Research Findings and Conclusion
- Chapter 3 Key Companies’ Profile
- Chapter 4 Global Glass Melt Furnace Market Segmented by Type
- Chapter 5 Global Glass Melt Furnace Market Segmented by Downstream Industry
- Chapter 6 Glass Melt Furnace Industry Chain Analysis
- Chapter 7 The Development and Dynamics of Glass Melt Furnace Market
- Chapter 8 Global Glass Melt Furnace Market Segmented by Geography
- Chapter 9 North America
- Chapter 10 Europe
- Chapter 11 Asia Pacific
- Chapter 12 Latin America
- Chapter 13 Middle East & Africa
- Chapter 14 Global Glass Melt Furnace Market Forecast by Geography, Type, and Downstream Industry 2024-2030
- Chapter 15 Appendix
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