The process of recycling glass means converting the used glass into new material. Recycled glass has numerous applications in various fields including fiberglass insulation, sandblasting, and water filtration media. However, the majority of recycled glass is used in the manufacturing of new glass containers. Glass bottle manufacturers are making efforts to increase recycling rates by leveraging new technologies and software modules. That said, rapid industrialization around the world has led to huge trash landfills, consequently promoting the recycling of goods. Moreover, the demand for recycled glass is also increasing in industries such as the automobiles and construction. This has led to a rise in the set-up of glass recycling facilities. Of late, the application of culets is also growing rapidly. These guiding factors are anticipated to create strong tailwinds for the global recycled glass market in the years to come.
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Rising Environmental Concerns Owing to Climate Change to Facilitate Market Expansion
Glass in the form of garbage is found in large quantities in landfills and garbage dumps. Strict recycling mandates are being imposed to curb disposal of waste materials in landfills. This reduces greenhouse gases emission. Therefore, several government authorities are running awareness campaigns to preach the benefits associated with recycling. To this point, ambitious targets are being laid out to establish a circular glass economy by incentivizing users to recycle more. Furthermore, several market participants are making substantial efforts to boost glass recycling rates and raise awareness among consumers. Such a scenario is projected to unlock novel growth opportunities for the global recycled glass market in the forecast period.
Notable Applications of Cullet to Drive Recycled Glass Market to Maturity
Cullet is a recycled glass used in glass-making. It is used to make various materials such as glass bottles, jars, fiberglass and windows, and ballotin. Besides, it has several advantages such as it reduces melting power requirement, cutting down the number of raw materials required and increases in furnace’s life. Large cullets can be mixed with concrete or asphalt to build roads. Meanwhile, lower cullets are mixed with ceramics, bricks, and blocks to lower baking temperatures and synthetic sand in bleach. Moreover, it prevents coastal erosion and improves soil quality when combined with clay. Therefore, the growing usage of cullets is expected to aid the growth of the global recycled glass market.
Europe to Showcase Market Dominance with Booming Residential Construction Industry
Europe is expected to stay in a dominant position in the regional recycled glass market. This is owing to the flourishing residential construction industry. Apart from that, the recycled glass aggregates had reduced costs for local governments and other buyers, opened up new revenue opportunities for business owners, and assist local governments in meeting production diversion targets. Besides, the recycling of glass also has positive environmental effects. This has promoted the use of recycled glass in developed and developing economies across the Europe region.
Prominent Market Players
Some of the major players in the global recycled glass market include Glass Recycled Surfaces, Coloured Aggregates Inc, Reiling Glass Recycling GmbH Co. KG, Harsco Corporation, Strategic Materials, Gallo Glass company, Verallia, Momentum Recycling, Vetropack Holding Ltd, and Owens-Illinois.
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