Global Flat Glass Market By Overview
Flat glass market accounted for US$ 285.2 billion in 2022 and is estimated to be US$ 451.8 billion by 2032 and is anticipated to register a CAGR of 4.4%.
Flat glass is a type of glass initially produced in plane form. It is flat, like sheets of paper. It is created when molten glass is spread out in sheets on a metal plane. It is also known as plate glass or sheet glass. It is most commonly used for windows, glass doors, transparent walls, and windscreens. It is produced by flowing molten glass in a tin bath under a controlled temperature. It is commonly used for windows, glass doors, transparent walls, and windscreens. It is specially designed so that when it breaks, it is safe and won’t cause any injury, but float glass is hazardous when broken. It can be bent after being created for architectural decorations. The most common use of flat glass is in windows, automotive glass, doors, mirrors, and solar panels.
Global Flat Glass Market By Drivers & Restraints
Inclination in solar panels sales
The increasing adoption of solar installations is one of the major factors driving the growth of the flat glass market. Other factors augmenting the development of the target market are growing construction activities and rapid urbanization leading to an increased usage of glass for architectural and interior designing purposes. The automotive sector utilizes a large quantity of flat glass. Thus, expanding automotive production leads to rising demand for flat glass, thus propelling the target market growth. Furthermore, the growth of construction and infrastructure development directly links to the need for flat glass, which is expected to lead the market. Technological advancements in the motor vehicle sector also contribute to the target market's expansion. The luxurious and changing lifestyle of people has also led to increased use of flat glass for interior designing purposes, propelling the growth of the flat glass market.
However, the increasing cost of raw materials required for flat glass production is a factor restraining the growth of the global market. Another root cause is the maintenance and safety issues that can control this market's development.
Global Flat Glass Market By Segmentations & Regional Insights
Flat glass market is segmented based on product type, technology, end-use industry, and region.
Based on product type, the flat glass market has been bifurcated into basic float glass, toughened/tempered glass, coated glass, laminated glass, extra clear glass, and others (pattern glass and mirror glass). The target market is classified into a float, rolled, and sheet segments based on technology. According to the end-use industry, the global market is segmented into construction & infrastructure, automotive & transportation, solar energy, and others (electronics and greenhouses).
Regional Insights:
The flat glass market accounted for US$ 108.13 billion in 2020 and is estimated to be US$ 180.52 billion by 2030, and is anticipated to register a CAGR of 5.3%. In the region, the global flat glass market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region, especially India and China, has the largest share of the target market owing to rapid industrialization, expanding automotive production, and rising solar panel installations. Europe had stable growth in the last few years and is projected to post a similar trend during the forecast period. However, the market in North America witnessed moderate recovery on acceleration in residential construction activities.
Flat Glass Market Report Scope:
Attribute |
Details |
Base year for estimation |
2021 |
Forecast period |
2022 – 2032 |
Market representation |
Revenue in USD Billion & CAGR from 2022 – 2032 |
Market Segmentation |
By Product Type- Basic Float Glass, Toughened/Tempered Glass, Coated Glass, Laminated Glass, Extra Clear Glass and Others By Technology– Float, Rolled, Sheet By End Use Industry– Construction and Infrastructure, Automotive and Transportation, Solar Energy, and Others |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the global flat glass market report based on product type, technology, end use industry, and region.
Flat Glass Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
- Middle East & Africa
Global Flat Glass Market By Competitive Landscape & Key Players
The key players operating in the global flat glass market includes ACG Inc, Saint-Gobain S.A., Nippon Sheet Glass Co., Ltd., Guardian Industries, Fu Yao Group Co. Ltd, AVIC Sanxin Co., Ltd., and Taiwan Glass Group
Global Flat Glass Market By Company Profile
- ACG Inc.
- Saint-Gobain S.A.
- Nippon Sheet Glass Co. Ltd.
- Guardian Industries
- Fu Yao Group Co. Ltd.
- AVIC Sanxin Co. Ltd.
- Taiwan Glass Group
Global Flat Glass Market By Highlights
FAQs
Flat glass market is segmented based on product, site of collection, application, and region.
Rising initiatives by government bodies due to the COVID-19 outbreak is the major factor driving growth of the global market
Europe is expected to lead the market and estimate for about 35% revenue share in 2020. This is mainly attributed due to large number of coronavirus cases in the European region coupled with high volume of swabs tested in Germany.
Companies are continuously rising the production and supply of specimen collection kits. The volume of swabs coming from COPAN Diagnostics, Italy, in U.S. is constantly growing.