Global Recycled Glass Market to amass $4.5 Bn by 2026

January 21, 2020

According to a recent study titled ‘Recycled Glass Market Size By Source (Deposit Program, Drop Off/Buy Back Centers, Curbside Pickups), By Product (Cullet [Clear Cullet, Amber Cullet, Green Cullet], Crushed Glass, Glass Powder), By Application (Glass Bottle & Containers, Flat Glass, Fiber Glass, Highway Beads, Abrasives, Fillers), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, the global recycled glass market is anticipated to exceed US $4.5 billion by the year 2026.

Increasing focus on mitigating global carbon emission and rising consumer awareness may drive recycled glass market outlook. Glass, being manufactured from chemical compounds like soda ash, silica, limestone and other additives, generates various harmful gases such as CO2, nitrogen oxide and sulphur dioxide during its production process.

Mining activities conducted to extract silica, soda ash and limestone add to a similar impact on the surrounding ecosystem and have a harmful effect on the environment. Factors like these have encouraged glass manufacturers to use recycled glass cullet in their production process.

The product can act as a significantly substitute to these chemical compounds and can improve the overall productivity of glass manufacturing. It can help avoid the reliance on raw materials and reduce overall mining costs associated with chemical extraction. Furthermore, use of recycled glass could help tackle the issue of harmful gas emissions and reduce energy costs.

According to the study, the recycled glass market is segmented in terms of product, source and application. By product, recycled glass powder is anticipated to surpass US$230 million by 2026. The product is used as a fine aggregate in concrete that helps improve the overall compressive strength of a structure. Increasing construction activities conducted worldwide may propel the demand for recycled glass powder in the years to come.

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In terms of application, the flat glass segment is expected to surpass US$600 million by the end of 2026. Flat glass is used to manufacture mirrors, window glasses, architectural structures and more. Whereas highway beads are used across various road & highway construction projects to improve the visibility of road markings and ensures improved driver safety. With increasing product significance, the study suggests that highway beads segment would record 7% CAGR over the forecast period.

Frequently Asked Questions (FAQ) :

Increasing awareness regarding proper waste management and recycling would supplement recycled glass market growth. The melting process in glass manufacturing causes emission of harmful gases which could have a significant impact on the overall environment. In a bid to tackle this, glass manufacturer are increasingly relying on recycled glass cullet which acts a vital substitute to raw material and helps lower carbon emissions.
Highway beads are majorly used in the construction of roads & highways as it improves the visibility of road markings and ensures improved driver safety. With increasing product significance, a research study suggests that highway glass beads segment may record 7% CAGR by 2026.
According to the study, North America is expected to attain a considerable share in the recycled glass market by 2026. Governments across North America are offering funding and grants to glass recycling businesses. In the U.S. alone, Glass Recycling Foundation (GRF) provides as well as raises funds for domestic glass recycling activities. Such initiatives will boost the region’s recycled glass market size by the forecast period.
Glass recycling is a complex process which requires maintaining the level of contaminants for making high quality glass. Presence of various ferrous and non-ferrous contaminants can cause damage to the furnace, jam & clog injection ports or led to erosion of furnace lining. These factors could impact the recycling glass market forecast.