Crystalware and Glassware Market -Segmentation , Drivers and challenges

 

Global Crystalware and Glassware Market Overview

The terms "crystalware" and "glassware" refer to goods constructed of glass and crystals. It's a type of glass with a unique chemical make-up and crystalline structure. Soda lime glass, lead glass, and heat resistant glass are the three types of glasses used in most crystal and glassware products. The most commonly used type of glass is soda lime glass. The refractive index of crystalware and glassware market  is higher, while the working temperature and viscosity are lower. These items are also used as ornaments and for decorative purposes.




Market Size and Forecast

Over the projected period, 2017-2024, the worldwide crystalware and glassware market is expected to grow at a healthy pace. The growing popularity of fine dining around the world, as well as the growing number of restaurants and hotels, are driving the rise of the crystal and glassware market.

Geographically, North America has dominated the crystal and glassware market in terms of demand and is expected to continue to do so over the projection period. The increased demand for crystalware and glassware products in North America is being seen in the United States. Furthermore, due to the existence of significant manufacturing organisations, North America is predicted to be the most lucrative market.

North America is followed by Europe, which is predicted to expand slowly due to the economic crisis, which has resulted in high living costs and low wage growth. Over the predicted period, the Middle East and Africa are expected to rise strongly. This can also be attributed to the rising glass and plastic businesses in the region. The markets in the Middle East and Africa are considered price sensitive. Furthermore, cheap pricing for crystal and glassware products are thought to help this sector flourish. Over the projection period, Latin America is expected to have a significant increase in demand for crystal and glassware items.

 Market Segmentation

The worldwide crystalware and glassware market was split into the following segments based on our in-depth analysis:

By Product

  • Soda lime glass
  • Lead glass
  • Heat resistant glass

By Application

  • Drinking vessels
  • Tableware
  • Ornamental and Decorative
  • Others

By Price

  • Low
  • Medium
  • High


By Region

The following is a breakdown of the global crystal and glassware market by region:

  • North America is located in North America (United States, Canada), Market size and year-over-year growth Future forecast & Opportunity Analysis, Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (United Kingdom, Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Size of the market, year-over-year growth, future prediction, and opportunity analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • North Africa, South Africa, and the rest of the Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, and the rest of the Middle East and Africa), Size of the market, year-over-year growth, future prediction, and opportunity analysis

Growth Drivers and Challenges

The need for crystalware and glassware goods in residential flats, restaurants, and hotels is likely to drive the global market for crystalware and glassware. The demand for crystalware and glassware is predicted to grow as more advanced infrastructure facilities are built around the world. Moreover, crystalware and glassware products are widely used for serving or for decorative purposes.

Rapid urbanisation along with improving standards of living, as a result of the adoption of luxury products for home decoration, is expected to be the driving force behind the global expansion of the crystalware and glassware industry.

The availability of low-cost items, on the other hand, is said to be stifling the expansion of the crystal and glassware business. Furthermore, the market's growth is projected to be hampered by the penetration of plastic and ceramic products.

Key players

The major key players for crystalware and glassware market are as follows

  • Noritake
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Villeroy & Boch AG
  • Guy Degrenne SA
  • Lifetime Brands
  • Lenox Corporation
  • The Zrike Company
  • World Kitchen LLC
  • Libbey
  • Oneida
  • WMF Wurttembergische

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