India's Glass Industry Enjoys a Bright Future

According to the Associated Chambers of Commerce and Industry of India, the country's glass industry is scheduled to gain market share over the next three years, increasing at a compound annual growth rate (CAGR) of 15%.

Construction, automotive, consumer goods and pharmaceuticals are the four main sectors that the glass consumption growth lies on.  

The booming glass industry will provide employment for more than 4 million people directly or indirectly, which will solve the problem of unemployment to a large extent.

Profiting from the increasing of glass industry, glass machines will enjoy a keen demand correspondingly. As one kind of safe and energy-saving glass, tempered glass is used in more and more fields such as construction, automotive etc nowadays. Therefore, glass tempering furnace, which is used for tempering glass, will be chosen by more and more tempered glass manufacturers.

600450 India's Glass Industry Enjoys a Bright Future glassonweb.com
Date: 13 December 2013
Source: www.landglass.co

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