The global flat glass market size is expected to be worth around USD 347 billion by 2030 from USD 276 billion in 2022, growing at a CAGR of 4.1% during the forecast period from 2022 to 2030.
Flat glass, also recognized as plate or sheet glass and is most frequently used for the manufacturing of mirrors, doors, windows, and solar panels. It is manufactured by melting soda ash, sand, and silica into liquid along with spreading it on the metal base to the required thickness. The final product is obtained by cooling the molten liquid. Flat glass is produced using two methods i.e. chemical reactions and controlled thermal to ensure toughness in the architectural creation. Apart from this, flat glass is extremely customizable and flexible once it is made.
Growth Factors
Thriving growth in construction industry is one of the key factors driving the growth of flat glass market. Rising investment on infrastructural development particularly for green buildings and eco-friendly construction that helps in reducing the carbon footprint in the environment further drives the market for flat glass in the coming years. Rising disposable income along with increasing preference for aesthetics and good-looking interior augment the demand for luxury construction mainly in the non-residential as well as residential sectors propels the overall market growth.
Additionally, remarkable growth of automotive industry accounts for another major factor that contributes to the market growth. Tempered glass is largely used in the automotive industry because of its shatterproof properties that enhances the security of passengers and drivers during accidents. These above factors create a positive outlook for the market growth in the upcoming timeframe.
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| Market Scope | Details |
| Market Size | US$ 347 billion by 2030 |
| Growth Rate | CAGR of 4.1% from 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | By Product, Application, and Region |
| Regional Scope | North America, APAC, Europe, Latin America, MEAN, Rest of the World |
| Companies Mentioned | Central Glass Ltd, AGC Inc, Cevital Group, Euroglas, China Glass Holding Ltd, Fuyao Glass Industry Group Co., Ltd, Xinyi Glass Holdings, Nippon Sheet Glass Co., Ltd, Guardian Industries, Şişecam Group, Saint-Gobain, Vitro |
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Report Highlights
Regional Snapshots
The Asia Pacific region emerged as the front-runner in the global flat glass market accounting for more than 60% of value share in the year 2020. The prominent growth of the region is mainly attributed to the rising construction activities in the region. In addition, significant growth in the residential building because of accelerating growth in population also triggers the growth of flat glass market. For instance, Inno Build Asia states that ASEAN countries estimated to witness a CAGR of 7.5% in the construction sector by 2021.
Furthermore, increasing deployment of solar energy panels in the region is another prominent factor that thrives the market growth for flat glass. As per the International Renewable Energy Agency, total installed solar capacity across the world reached 583.5 GW at the end of 2019 and Asia Pacific captured the largest share in the PV capacity of 330.1 GW. China is the leading region in solar PV installations with 205.7 GW of installed capacity. Hence, the aforementioned factors cumulatively excelled the market growth during the upcoming years.
Key Players & Strategies
Major market players in the global flat glass market experience intense competition because of the presence of large number of globally renowned industry participants. Intense competition among players increases the purchasing power of buyers as well as also triggers the threat of new market entrants. Supportive government laws and regulations for solar energy installation influence various players to invest in the flat glass market.
In order to maintain the competitive edge, major market players adopt various growth strategies that include merger & acquisition, partnership agreement, short-term contracts, new product launch, production capacity expansion, and many others. For instance, in June 2017,AGC Asahi Glass announced its plan to sell all the shares of AGC Flat Glass Philippines, Inc. to TQMP Glass Manufacturing Corp. AGC Group has announced its mid-term management plan that flat glass for architectural business places greater emphasis on high value-added products and divert company’s resource to other locations. Hence, the plan to sell all the shares of AGC Flat Glass Philippines, Inc. led to the growth of the company’s reputation in the global flat glass market.
Some of the key players in the global flat glass market are Central Glass Ltd., AGC Inc., Cevital Group, Euroglas, China Glass Holding Ltd., Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings, Nippon Sheet Glass Co. Ltd., Guardian Industries, Şişecam Group, Saint-Gobain, and Vitro among others.
By Product Type
By Application Type
Regional Type
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Flat Glass Market, By Product
7.1. Flat Glass Market, by Product Type, 2021-2030
7.1.1. Tempered
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Basic
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Insulated
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Laminated
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Flat Glass Market, By Application
8.1. Flat Glass Market, by Application, 2021-2030
8.1.1. Automotive
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Architectural
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Flat Glass Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 10. Company Profiles
10.1. Central Glass Ltd.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. AGC Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Cevital Group
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Euroglas
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. China Glass Holding Ltd.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Fuyao Glass Industry Group Co. Ltd.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Xinyi Glass Holdings
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Nippon Sheet Glass Co. Ltd.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Guardian Industries
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. ?i?ecam Group
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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