16-Apr-2021 | Facts and Factors
As per the report published by Facts & Factors, the global Flat Glass market was valued at approximately USD 114.7 Billion in 2019 and is expected to generate revenue of around USD 188 Billion by end of 2026, growing at a CAGR of around 7.3 % between 2020 and 2026.
All glasses are manufactured through a liquid state, and its shape is determined by how it is cast that is how it is made into the end product. Flat glass is formed when molten glass is molded into a thin sheet. The glass is flat, similar to sheets of paper. It is also known as sheet glass and plate glass. Glass is a critical building material that allows modern luxury high-rise living to be possible. Glass has transformed modern architecture, allowing people to enjoy panoramic views from great heights. Flat glass is one such component that is widely used. It is widely used in both industrial and scientific settings. Flat glass is used in a numerous variety of end-products, including building and windows, solar cells, windows, and windscreens. It is the second-largest segment of the European Union's glass industry. The automotive industry, as well as the building and construction industries, is major users of flat glass. Flat glass plays an important role in mitigating the effects of climate change by promoting energy conservation and lowering greenhouse gas emissions through high-performance architectural glass products. Flat glass has a wide range of end-use applications due to its importance, including healthcare, optical, aerospace, electronics, and telecommunications.
Top Market Players
Major players in the market are Guardian Group, AGC Inc., Sisecam Group, Saint-Gobain, Nippon Sheet Glass Co., Ltd, Ashai Glass, Dillmeier Glass Company, PPG Industries, Corning, Xinyi Glass Holdings Limited, Ardinal Glass Industrie, Taiwan Glass Industry Corporation, Central Glass, Fuyao Glass Industry Group, Vitro, S.A.B. De C.V., CSG Holding Co., Ltd.
Increasing use in Building and Construction is driving the Growth of the Flat Glass Market
It is worth noting that aesthetics is a prominent feature of most high-end construction, and the new-age consumer is especially drawn to appearances. This is one factor that strongly favors the flat glass market, particularly over the forecast period. Because translucent and transparent glasses are in high demand due to their attractiveness and ease of use, the market for flat glass will experience rapid growth over the forecast period. It is worth noting that this is why glass is used for both industrial and consumer purposes. In recent years, the global flat glass market has expanded at a rapid pace. The use of flat glass in interior design and planning has played a significant role in driving sales throughout the global market. Furthermore, the presence of a sophisticated construction industry is extremely important for vendors operating in the global market. Flat glass is produced in both small and large-scale units, and it is subjected to a rigorous process. The availability of high-quality flat glass has resulted in an increase in global revenue. Furthermore, transparent and translucent flat glasses are among the most popular. Developments in chemistry have also aided in increasing demand in the global flat glass market. Producers have developed new methods of producing flat glass, which have aided in the acceleration of production. The requirement to meet the massive demand for flat glass will serve as a forerunner to market growth. The ability of the top market players in the worldwide flat glass market to reach out to new and unexplored territories will be critical. Marketing hacks have played a critical role in enhancing the market's growth dynamics. Tempered glass is an important product type that can be used in a variety of applications such as Screens, mobile Cookware, architectural parts, shower doors, and windows. The tempered product production has increased due to increased demand. For example, Tomakk Glass Partners opened its tempered glass fabrication facility in Shreveport, Louisiana, the United States, in August 2020, to meet rising demand from the commercial as well as residential segments
North America is projected To Dominate the Global Flat Glass Market
Asia pacific region grabbed the maximum share of the market. Infrastructural developments in the region's developing economies are expected to boost market growth over the forecast period. Southeastern Asia is also one of the emerging regional markets, and countries such as the Peoples Republic of China and Japan have begun to invest in the region. Between 2000 and 2019, Japan funded approximately USD 230 billion in projects, while China invested approximately USD 155 billion in Southeast Asia infrastructure improvement. The European region is also expected to grow in the forecast period as more and more investments are taking place in a carbon-neutral lifestyle. From raw materials to production, transformation, installation, and end-of-life management, the flat glass sector has deep roots in Europe, generating economic activity and jobs throughout the continent.
Browse the full “Flat Glass Market By Product Type (Toughened Glass, Coated Glass, Mirrored Glass, Laminated Glass, Extra Clear Glass, and Annealed Glass), By End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Solar Energy, and Others), By Sales Channel (Direct, and Distributor) and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/flat-glass-market.
The Global Flat Glass market is segmented as follows:
By Product Type:
By End Use:
By Sales Channel
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