HIGH PERFORMANCE GLASS
[CODE NO.4394]
High-performance glass is one which is designed to give sustainable energy efficiency, that optimizes the natural daylight and gives solar protection, resulting in the reduction of energy usage in a building by reducing cooling and lighting load.
Modern architecture considers glass as a dominant construction material to create magnificent, awe-inspiring structures which has both functional and symbolic importance. Glass that, from inside the building, is as pure as a clear sky and that, from outside, provides a sense of flow, distinct views & angles, and brilliance. Glass gives a sense of perfection, as it connects two sides together. Imagine, what a wonderful construction material to perfectly express part of the spirit of the Modern Age!
BENEFITS AND APPLICATIONS INSIGHTS :
India experiences diverse climatic conditions which require buildings that can optimally maintain the indoor temperature and also protect one’s space from the harsh weather outside, without compromising anything aesthetically.Traditional glass windows and doors didn’t seem to help this cause because it would transmit 80% of outdoor heat inside, seriously hiking the energy bills and making interiors rather uncomfortable, thwarting productivity. Now with innovative technology, specially designed energy-efficient glass called high performance glass or solar control glass,can help accomplish this and more.
Certain requisites when installing a high-performance glass for elevated benefits includes ;
• Optimal light solutions- With high performance glass, the amount of harsh glare of the sun during summer days can be adjusted by opting for a light film on the glass that helps reduce heat. This would enable insider to get the necessary warmth and brightness of the sun.
• Thermal insulation–With the solar control glass,the building windows, rooftop or facades prevent inside heat from escaping outside during the cold winter days. This would perhaps reduce the dependence on artificial temperature controllers thereby greatly reducing electricity bills.
• Infrared and UV radiations protection –This sun shield glass range protects one’s space from harmful sun rays by reflecting the waves back outside while letting only the natural daylight, coziness and warmth spread indoors.
• Heat reflective solutions–With the solar control glass, the cruel heat waves of the sun reflects back outside, while keeping the inside space bright and cheery with abundant light.
With so many advancements and features,manufacturers are bound to produce it in bulk to gain a competitive edge. Major manufacturing companies now are investing in raw material rich countries such as Morocco and the African countries, which will help them to gain access to new markets and reduce the production costs.
MARKET OVERVIEW :
Increased usage of high-performance glasses in construction of commercial buildings in the expansion of smart construction activities is due to an increase in government initiative towards sustainability and awareness which has also resulted in significant growth of the industry in the last two decades. Rapid urbanisation and growing consciousness regarding climate change, are the vital factors that will add to the usage of glass in a number of ways in residential&commercial infrastructures as well as in automotive industries. Architectural residential buildings being the second largest application segment.
However, the industry has grown at the pace of around 7-9% CAGR in the last 15- 20 years, and is further expected to grow at a much faster rate of around 4.1% over the next 5-6 years in India.
Globally, Asia-Pacific was the largest and fastest growing region in the glass manufacturing market in 2022 with a volume-based CAGR of over 12.0% over the forecast period.Due to early adoption of its usage, the other regions covered in the glass manufacturing market report of 2022- 27 are Western & Eastern Europe, North &Latin America, the Middle East, and Africa.
FUTURE FORECAST INTO HPG MARKET TRENDS :
The glass industry has an undeniable challenge to face with the manufacturing of glass being a continuous process. So once the furnace is lit, it can’t be stopped till the next decade. Sadly, times when pandemic hits the world the demand of construction material comes to a standstill resulting in a huge loss to this end-use industry.As this quantum of glass would be impossible to even stock up. But post pandemic the industry is covering up globally and has reached US$ 5.46 Billion in 2021. Further expecting to rise to a value of US$ 9.38 Billion by 2027, exhibiting a growth rate (CAGR) of 9.20% during 2022-2027, to reach $12,219.04 Million by 2030.
The future rise in this industry is seen to come primarily from the automotive sector, as there is widespread preference of consumers toward cost-effective, temperature censored, stylish and energy-efficient vehicles.Since they will largely reduce the heat load on the vehicle and minimize the need for air conditioning, resulting in higher mileage and reduced fossil fuel consumption in every ride. Foreign countries, like in Europe the union legislation has made it mandatory to reduce emission of carbon dioxide for new cars, which are in turn expected to have a positive impact on the demand for high performance glass. In other tropical countries including Brazil, Singapore, and Malaysia the expected boost in demand is because the product also provides a necessary and sufficient cooling effect in extreme temperatures.Thus the automotive market alone is accountable for a growing CAGR of 8.4% in terms of volume over the forecast period.
COST ESTIMATION
Plant Capacity 2000 sq.mt./Day
Land & Building (12,000 sq.mt.) Rs. 4.82 Cr
Plant & Machinery Rs. 1.97 Cr
Working Capital for 2 Months Rs. 38.90 Cr
Total Capital Investment Rs. 46.79 Cr
Rate of Return 39%
Break Even Point 34%
APPENDIX – A:
01. PLANT ECONOMICS
02. LAND & BUILDING
03. PLANT AND MACHINERY
04. OTHER FIXED ASSESTS
05. FIXED CAPITAL
06. RAW MATERIAL
07. SALARY AND WAGES
08. UTILITIES AND OVERHEADS
09. TOTAL WORKING CAPITAL
10. TOTAL CAPITAL INVESTMENT
11. COST OF PRODUCTION
12. TURN OVER/ANNUM
13. BREAK EVEN POINT
14. RESOURCES FOR FINANCE
15. INSTALMENT PAYABLE IN 5 YEARS
16. DEPRECIATION CHART FOR 5 YEARS
17. PROFIT ANALYSIS FOR 5 YEARS
18. PROJECTED BALANCE SHEET FOR (5 YEARS)
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