In Q1, glass prices in Asia surged due to rising feedstock costs like silicon dioxide and increased demand. Spring festival and higher crude oil prices further boosted prices. However, Q2 saw disruptions from increased production rates and inflation. European glass prices increased in Q1 due to high production costs and inflation, but Q2 suffered from low buyer purchasing power, inventory levels, slow pandemic recovery, and weak downstream demand. North America experienced similar trends, with Q1 price hikes driven by feedstock costs and demand, while Q2 faced supply-demand imbalances, low consumer procurement, and overall price decline.
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Definition
Glass is a solid, transparent material composed of amorphous (non-crystalline) silica-based compounds, mainly silicon dioxide. It lacks a defined molecular structure, resulting in its characteristic smooth and transparent appearance. Glass exhibits properties like transparency to visible light, electrical insulation, heat resistance, and chemical inertness. It can be molded into various shapes when heated and solidifies upon cooling. While brittle, it’s optically clear, making it suitable for windows, containers, and optical lenses. Glass has versatile applications in construction, packaging, electronics, and optics due to its unique combination of properties.
Key Details About the Glass Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Glass in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Glass Price chart, including India Glass price, USA Glass price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Glass Price Trend:
Glass serves diverse industrial roles due to its unique properties. In construction, it’s used for windows, facades, and architectural features, providing transparency and insulation. In packaging, glass containers preserve the quality of food and beverages without affecting taste or aroma. Electronics benefit from glass substrates for displays, touchscreens, and optical components. Scientific instruments and optical devices rely on its transparency, precision, and refractive qualities. In automotive, it enhances visibility and safety through windshields and mirrors. Moreover, glass finds application in fiber optics, solar panels, medical equipment, and laboratory ware, reflecting its versatility in meeting functional and aesthetic demands across numerous industries.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
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