Fuelled by growth in sectors such as real estate, infrastructure, retail, automotive and food and beverages, India's glass industry is expected to acquire a market size worth INR 340BN by 2015 from INR 225BN at present, according to a recent study by industry body Assocham. "The Indian glass market is estimated to increase at a compound annual growth rate (CAGR) of 15% over the next three years. Glass consumption is expected in construction (10-12%); automotive (20%); consumer goods (15-20%); and pharmaceuticals (15-18%) sectors, said Assocham Secretary, D S Rawat. The organised glass sector is dominated by large players such as Asahi Glass India, Hindustan National Glass, Piramal Glass, Saint-Gobain India, HSIL, Owens Corning, Triveni Glass, Borosil, NEG, Gujarat Borosil, and Sezal Glass. These companies employ around 300,000 people directly. The largest glass cluster is situated in Firozabad. Major destinations for Indian glass are the USA, China, Brazil and Germany. Glass imports into India come from China followed by the USA and then Germany.
