Flat Glass Market:
Growth opportunities in the flat glass market look promising over the next six years. This is mainly due to rapid transition in building architecture to maximize natural daylight, increasing potentials offered by glass market, increasing export and import and rising innovations.
Flat Glass Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The international and domestic flat glass producers are extremely interested in the prospects offered by the evolving glass market, where flat glass demand has augmented across various regions. For instance, AGC Inc., in 2019, prompted operating profit of 20.5 billion US$ from its glass business, which exhibits the increasing potential of the glass industry. Furthermore, the Central Glass Co., Ltd. has its subsidiary Mie Glass Industry Co., Ltd., which is also concerning to provide flat glass products like tempered, fireproof, and soundproof glass. In accordance with the Glass Alliance Europe, the exports and imports have expanded by 0.2% and 4.6% respectively from 2017-2018 period, which fuels the market growth. The “National Glass Association”, states that more than 97% of the flat glass is manufactured using float process, and the manufacturing units and facilities that use this process are situated across 16 European Countries like France, Belgium, Italy, Germany, Spain, etc. which has further propelled the market size.
Also, transformation across building architecture that intensifies the natural daylight through the application of flat glass in facades and roofs is likely to stimulate the market growth. Moreover, the strategic innovations which include triple silver insulated low-e products is driving the market growth. However, the efficient results demanded primarily in emerging economies, and the prominent switch from open mold to close mold applications are hindering the market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is projected to lead the market over the forecast period. This is attributed to the expansion in residential construction activities, which has propelled the demand for the product. For example, as per the U.S. Census Bureau, the accomplishment of new privately-owned housing units increased by 6.7% from 2019 to 2020 in the Southern U.S., which has bolstered the market growth.
Flat Glass Market’s leading Manufacturers:
- Corning Incorporated
- Nippon Sheet Glass Co., Ltd
- com
- China Glass Holdings Limited
- Central Glass Co., Ltd.
- SAINT- GOBAIN
- AS AMENDED GUARDIAN INDUSTRIES
- Euroglas GmbH
- Cevital
- AGC Inc.
Flat Glass Market Segmentation:
Segmentation by Product:
- Laminated
- Tempered
- Basic Float
- Insulating
Segmentation by End-Use Industry:
- Building and Construction
- Automotive
- Consumer Goods
- Solar
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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