Flat Glass Market held USD 122.2 billion in 2020 and is to grow with a CAGR of 7.1% from 2020-2029. Flat glass consists of flat shaped glass produced by floating molten glass on metal sheets. With respect to various types of applications, it can be customized by changing dolomite, calestone and sodium sulfate concentrations. It is used prominently for applications in windows , doors, solar cells, closure cabinets, tabletops, chairs, and walls in the construction industry. This is also used in the automotive sector as wind shields & mirrors, which can be quickly bent & reused. It is sustainable & made from natural raw materials that give it a high degree of transmission of light and high chemical inertness. In addition, the market is expected to rise due to concerns regarding environmental conservation and waste management and glass recyclability promoting its use in different end-use applications. Glass is a key material for building without which modern high-rise luxury living would not be possible.
Market Dynamics and Factors:
Glass is a key material for building without which modern high-rise luxury living would not be possible. The trend of extensive use of glass in interior decoration and architecture is leading the market growth. Due to growing demand for aesthetics in construction and building sector will likely to fuel the global flat glass market growth. Also, increase in disposable incomes along with growing automotive manufacturing will boost flat glass market demand. Growing advancement and development in solar panel production, is also a fuelling factor to drive the market growth.
Market Segmentation:
Based on the type, the global flat glass industry is segmented into heat strengthened glass, laminated glass, tempered glass, float glass, and others. On the basis of coating method, the global flat glass market is segmented into hard coated, soft coated. On the basis of nature, the global flat glass market is segmented into photochromic, gasochromic, electrochromic, and others. On the basis of industry, the global flat glass market is segmented into commercial, military, and general aviation. On the basis of application, the Global Flat Glass Market is segmented into the automotive, residential, commercial, and others. Geographic bifurcation of Global Flat Glass Market share includes North America, Europe, Asia-Pacific, and RoW.
Geographic Analysis:
Europe dominates the global flat glass industry with the increase in the use of solar control glass in automobile industry. Increasing use of solar control glasses in automobile industry and commercial and residential buildings and stringent legislation to tackle climate change is also expect to drive flat glass market growth of North America's solar flat glass market share.
Competitive Scenario:
The global flat glass market, which is highly competitive, consists of a few major players. In terms of global flat glass market share, few of the major players currently dominate the market. The key players are AVIC Sanxin, AGC Flat Glass (Dalian) Co. Ltd, Asahi Glass Company, Guardian Industries, China Southern Glass Holding Co. Ltd, China Yaohua Glass Group Corporation, JYSP, Fu Yao Group, China Glass Holdings Ltd, Taiwan Glass Industry Corporation, Nippon Sheet Glass, , Saint-Gobain Hanglass Nanjing Co. Ltd. and Xinyi Glass Holdings Limited.
Flat Glass Market Report Scope
Report Attribute | Details |
Analysis Period | 2020–2030 |
Base Year | 2021 |
Forecast Period | 2022–2030 |
Market Size Estimation | Billion (USD) |
Growth Rate (CAGR%) | 7.1 % |
| by Technology (Float, Rolled, Sheet), Product Type (Simple Float Glass, Toughened , Coated, Laminated, Extra Clear), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Solar Energy) |
Geographical Segmentation | North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), South America (Brazil, Argentina, Rest of SA), MEA (UAE, Saudi Arabia, South Africa) |
Key Companies Profiled | AVIC Sanxin, AGC Flat Glass (Dalian) Co. Ltd, Asahi Glass Company, Guardian Industries, China Southern Glass Holding Co. Ltd, China Yaohua Glass Group Corporation, JYSP, Fu Yao Group, China Glass Holdings Ltd, Taiwan Glass Industry Corporation, Nippon Sheet Glass, , Saint-Gobain Hanglass Nanjing Co. Ltd. and Xinyi Glass Holdings Limited. |
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