Increasing demand for glass products such as bottles, jars, vials, and glass lab-wares from various end-use industries such as chemical, food & beverages, healthcare, consumer electronics, and cosmetics is expected to propel growth of the glass mold market. Castalot glass mold is an excellent glass mold casting material available in a small, 1 quart size. This product is perfect for kiln and fusing projects. Castalot has a fast-setting mold material which is used for kiln or refiring projects. Castalot mold is ideal for kiln-fusing, glass mold refiling, or kiln fusing projects. The fast-setting mold allows you to cast or mold the glass quickly and easily. The product is made of high density polyethylene, or HDPE, which makes it very durable. The product comes in a kit with instructions, cleaning solution, and a mold making guide.
Market Dynamics
Increasing expenditure on personal care products is expected to propel growth of the glass mold market. For instance, according to the U.S. Bureau of Labor Statistics, average annual expenditure on personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in 2018.
Among regions, Asia Pacific is expected to witness significant growth in the glass mold market, owing to growing fast-food restaurants market. For instance, according to ACMR-IBISWorld, the fast-food restaurants industry in China is expected to generate US$ 177.6 billion in 2019, registering an increase of 7.9% from 2018. Moreover, significant growth in the electronics sector is also expected to aid in growth of the market in Asia Pacific. For instance, according to India Brand Equity Foundation, the electronics market in India is expected to witness a CAGR of 24.4% during 2012–20.
Competitive Analysis
Major players operating in the glass mold market include, Omco International N.V., Changshu Weiheng Mould Manufacture Co. Ltd., Changshu Jianhua Mould Technology Co. Ltd., Rayotek Scientific Inc., Jinggong Mould Manufacturing Co. Ltd., Rochester Precision Optics LLC., Razi Glass Group, Kopp Glass Inc., G. M. Engineers & Fabricators Private Limited, Slumpy's -The Glass Mold Company, and others.
September 2020: OMCO International N.V announced to acquire the glass molding business from Ross International, with its production plants in Hungary and South-Africa.
Rochester Precision Optics demonstrated its newest additions to the CNOD product line, including the CNOD-DR featuring a disturbed reticle along with the out-of-band Near-Infrared Illuminator (NII) accessory, a the 3rd Annual Wilcox Range Day at the 2018 SHOT Show.
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