The global flat glass market size was valued at USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. Usage of flat glass for constructing energy efficient buildings is projected to surge the market growth during the forecast period. Growth in infrastructural and construction activities is projected to boost the market progress. is estimated to provide market growth. Fortune Business Insights™ mentioned this in a report titled, “Flat Glass Market, 2025-2032”.
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Segmentation
By Type Analysis, Float Glass to Hold Major Part Due to High Demand from Construction Activities
Based on product type analysis, the market is segmented into sheet, float, and rolled. Float glass is predicted to hold a major part due to high demand from construction industry. High demand is attributed to the properties of coated glass which is expected to drive the market growth. Sheet glass segment is also expected to have a considerable growth due to its various advantages.
By Product Type, Laminated Segment to Lead Due to Various Benefits
One the basis of product type, the market is divided into laminated, coated, extra clear, toughened glass, and others. Laminated segment to have a significant share due to its various benefits. It remains intact when it is broken which protects it from any injury which is expected to further drive market growth.
By Application Analysis, Architecture Segment to Lead High Rate of Urbanization
One the basis of application, the market is divided into architecture, solar panels, automotive, and others. Architecture is expected to propel in the segment due to high rate of urbanization and growing disposable income. This type of glass is used in indoors for windows owing to its properties which is further expected to drive market. Automotive industry is also expected to gain considerable growth due to increasing demand for automobiles.
Report Coverage
This report covers the overview of this market that provides an analysis of product, impact of COVID-19 pandemic, segmentation, drivers and restraints, regional insights, new developments, and key players present in the market. Dynamic change in the market is subjected to alter the demand in the forecast period.
Drivers & Restraints
Increasing Construction Activities to Thrust Market Development
Growth in the number of construction activities and infrastructural activities to drive flat glass market growth. It is used for facades, windows, and roofs and also used for internal partitions. This is due to properties of the product such as thermal insulation and acoustic insulation for building infrastructure is expected to drive market growth during the forecast period. Rapid industrialization and urbanization encouraged the installation of such glass which is anticipated to enhance the market growth.
On the other hand, rules and regulations by government on carbon emissions is expected to hinder market growth during the forecast period.
Regional Insights
Various Investments by Government in North America to Strengthen Market Growth
Asia Pacific holds the major part in the global flat glass market due to investments by various governments for infrastructural and construction activities. The market stood at USD 53.41 billion in 2018. China is one of the largest contributors for market growth and demand in the region.
North America is also expected to have a considerable share due to government regulations on energy efficiency.
Europe is projected to have a sizeable growth as region is a hub for major automotive companies.
Competitive Landscape:
New players entering the market have launched their new product lines making the market more competitive with their advanced solutions. It includes R&D investments, launch of new and advanced products in the market. Companies have been adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of the Key Players in the Flat Glass Market:
- AGC Inc.
- Saint-Gobain
- NSG Group
- Guardian Industries
- Şişecam Group
- Taiwan Industry Glass Corporation
- Fuyao Glass Industry Group
- Vitro, S.A.B. De CV
- Central Glass
- CSG Holdings Co. Ltd.
- Other key players
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