Corning To Establish Gorilla Glass Manufacturing Plant In India
Corning Inc. has proposed setting up a Gorilla Glass manufacturing plant in the state of Telangana in India, specifically for smartphone Gorilla Glass.
This strategic move by Corning to establish a production base in India signifies the growing demand for specialized smartphone glass in the region. It’s a wake-up call for local and international manufacturers to evaluate their production and supply chain strategies.
Laminated Glass Market Forecasted To Exceed $32.6 Billion By 2029
The Global Laminated Glass Market Research Report 2023 indicates that the global laminated glass market was valued at $19.6 billion in 2022. It is expected to grow at a CAGR of 5.83% from 2023 to 2029, reaching a market size of $32.6 billion by 2029.
The promising growth figures in the laminated glass market suggest an optimistic future for manufacturers. This should encourage investments in R&D and capacity expansion to capture emerging opportunities.
AGC Incorporates Smart Glass In New Toyota Luxury Vehicle
AGC Inc., a world-leading manufacturer of glass, chemicals, and high-tech materials based in Tokyo, announced that its Digital Curtain™ smart glass has been applied to Toyota’s new luxury car model, the Century, launching in 2023.
AGC’s groundbreaking use of smart glass in the automotive sector could pave the way for a whole new array of applications for glass products. Companies should consider forming strategic partnerships to exploit this nascent market.
Press Glass To Invest $155 Million In A New US Factory
Polish glass manufacturing company Press Glass announced plans to build a new production facility in Ridgeway, Virginia, with an estimated investment of $155 million.
Press Glass’s ambitious investment plans indicate confidence in the growing U.S. construction market. This move can be a precursor to an increasing trend of European companies capitalizing on U.S. opportunities, potentially affecting pricing and supply dynamics.
These developments present various implications and opportunities for B2B businesses operating in the glass industry. From supply chain realignments to technological advancements and market entry strategies, staying ahead of these trends is crucial for sustained growth and competitiveness.
