About the Glass and Glass Products Sector
The Indian glass industry is divided into two categories: cottage and factory. In the cottage factory, glass bangles are made in small furnaces from glass blocks produced in factories or from inferior glass manufactured from the impure sands of the rivers and the efflorescent alkali. Decorative glassware, tableware, lamps and lamp-wares are also produced in the cottage industry.
The factory industries primarily produce sheet glass (flat glass), hollow and pressed wares, such as chimneys, bulbs, motor headlights and reflectors. The important glass industries are flat glass, glass packaging and speciality glass. The glass industry plays a key role in other important industries like automobile manufacturing, construction, etc. The raw materials required to manufacture glass are coal, silica sand and chemicals.
Future Outlook of the Glass and Glass Products Sector in India
The growing urban population and increased investments in infrastructure (buildings, roads, etc.) will fuel demand for flat glass for construction. The increase in the demand for automobiles in India will also drive the growth of the glass industry. The flat glass market in India is expected to grow at a CAGR of over 7.5% from 2024 to 2029.
Things To Consider Before Investing in the Glass and Glass Products Sector
- Industry Performance: Evaluate the overall performance of the glass sector, considering factors such as production trends, demand-supply dynamics, and market share of key players. Assess the sector's resilience to economic fluctuations and its growth trajectory.
- Technological changes: Check the level of technological innovation within the glass industry. Understand how advancements in manufacturing processes, product design, and sustainable practices contribute to the competitiveness and future prospects of companies in the sector.
- Regulatory Environment: Analyse the regulatory framework governing the glass industry. Stay informed about environmental regulations, safety standards, and any emerging policies that could impact the sector. Regulatory compliance is crucial for sustained operations.
- Market demand and trends: Stay attuned to evolving market trends and changing consumer preferences in the glass sector. Identify shifts in demand for specific types of glass products and assess how companies adapt to meet these demands.
How To Invest in Glass and Glass Products Sector Stocks?
Investing in glass and glass product stocks via Angel One is easy. Simply follow these steps:
- Log in to your Angel One account.
- Click on the search icon and look for your desired glass and glass products sector stock.
- Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
- To complete your transaction, click on the ‘Buy’ button.
If you don’t have a Demat account with Angel One, you can open one for free online within minutes.
