Flat Glass Market Glass Type (Insulating, Tempered, Laminated, Extra Clear Glass, Mirrors Glass, and Others), Technology (Float, Rolled, Sheet), Application (Construction, Automotive, Solar, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

According to the report published by Zion Market Research, global demand for flat glass market was valued at approximately USD 110 Billion in 2019, and is expected to generate revenue of around USD 182.5 Billion by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.

26-Oct-2020 | Number of pages: 110 | Report Code: ZMR-325 | Report Format : | Status : Published

Abstract

According to the report published by Zion Market Research, global demand for flat glass market was valued at approximately USD 110 Billion in 2019, and is expected to generate revenue of around USD 182.5 Billion by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.

Global Flat Glass Market: Overview

Flat glasses are manufactured in the flat form. These flat glasses are also known as plate glass, sheet glass, or glass pane. Flat glasses are widely used in construction industries in the form of transparent walls, glass doors, and glass windows, among others. These glasses are also used as mirrors & wind shields in automobile sector and can be easily bent & reused. Various manufacturing methods are used to manufacture flat glasses in automotive applications. These flat glasses are made up of sodium oxide, aluminium oxide, silica, magnesium oxide, and calcium oxide.

Global Flat Glass Market: Growth Factors

Increasing global demand for insulation in the construction industry is witnessing higher growth in the flat glass market. The increasing popularity of the tempered glass among consumers in the automotive industry may boost the global market growth in the near future. Furthermore, some of the major factors that forester the flat glass market are the use of insulating and laminated glasses in solar energy applications. Moreover, people attracted towards innovative building constructions or luxurious renovations are anticipated to positively affect the global market growth in future. Government initiation in developing infrastructure is also expected to fuel flat glass market in future. Other uses of the flat glass in phone and aerospace industry are projected to fuel the product demand in the market. In addition, food industry using flat glasses for packed food will also enhance the market growth in future. A variety of benefits of flat glass such as fire resistance, noise control, chemical inertness, energy saving, self-cleaning, luxury design have made a flat more popular in the construction industry. Conversely, brittleness of the glass may hamper the growth of the global flat glass market.

Global Flat Glass Market: Segmentation

The global flat glass market is segmented on the basis of glass type, technology, and application. The glass type segment is further sub-segmented into insulating, tempered, laminated, extra clear glass, mirrors glass, and others. The technology segment is bifurcated into float, rolled, and sheet. These glasses have broad range of application across construction, automotive, solar, and others. Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Flat Glass Market: Regional Analysis

Asia Pacific shows a considerable growth in the flat glass market. Rising automobile sector in Asia Pacific positively impacts the market growth in this region. Emerging economies such as India, China, and Japan are largely spending on construction activity, which in turn will provide ample opportunities. In addition, international players move their production base to Asia-Pacific owing to the availability of low labor costs in this region. The recovery of the construction sector in developed economies of North America is also supplementing to the market growth in recent years.

Global Flat Glass Market: Competitive Players

Some main participants of the flat glass market are OldCastle, Guardian Industries Corp., NSG Group, PT Asahimas Flat Glass Tbk, Asahi Glass Co., Ltd.Saint-Gobain, AJJ Ltd., Taiwan Glass Group, AGC, Independent Co. Ltd., and Cardinal, PPG. Others key players influencing the global market are Trakya Cam Sanayii A.S., Nippon Sheet Glass Co., Central Glass Co., Ltd., Carlex Glass Company, Pilkington Group Limited, Ltd., Compagnie De Saint-Gobain, and Gujarat Guardian Limited.

Flat Glass Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

The trend of using glass massively in interior decoration and planning, rapid investment into new construction and increase in production of automobiles is the major factors that are significantly influencing the growth of the flat glass market.

According to Zion Market Research, global demand for flat glass market is expected to generate revenue of around USD 182.5 Billion by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.

Asia Pacific witnessed the highest market growth in the global flat glass market owing to rising expenditure into new construction in emerging economies of this region.

Some main participants of the flat glass market are OldCastle, Guardian Industries Corp., NSG Group, PT Asahimas Flat Glass Tbk, Asahi Glass Co., Ltd.Saint-Gobain, AJJ Ltd., Taiwan Glass Group, AGC, Independent Co. Ltd., and Cardinal, PPG. Others key players influencing the global market are Trakya Cam Sanayii A.S., Nippon Sheet Glass Co., Central Glass Co., Ltd., Carlex Glass Company, Pilkington Group Limited, Ltd., Compagnie De Saint-Gobain, and Gujarat Guardian Limited.

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