[250 Pages Report] Global Flat Glass demand is anticipated to be valued at USD 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2% to be valued at USD 8.8 Billion from 2022 to 2032. Increased demand for energy-efficient, long-lasting, and cost-effective products, as well as a shift in customer preference for glass in interior and exterior building structures for aesthetic appeal, may drive market expansion.
| Report Attributes | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 5 Billion |
| Expected Market Value (2022) | USD 5.3 Billion |
| Anticipated Forecast Value (2032) | USD 8.8 Billion |
| Projected Growth Rate (2022 to 2032) | 5.2% CAGR |
Majority of construction materials and components are intended to fulfill their duties while remaining unseen. People see glass every day and never give it a second thought. Luxury and sophisticated high-rise living would be impossible without glass. Glass has improved people's lives by allowing them to reach previously unfathomable heights and enjoy the view in real time.
Flat glass is one such component that is often utilized. It is an essential component of both the industrial and scientific sectors. Flat glass is used in a range of end products, including building facades and windows, solar panels, windows, and windscreens, among others. It is the European Union's second biggest glass industrial sector.
To a significant degree, the automobile, building, and construction industries are the primary users of glass. Flat glass is critical in minimizing the effects of climate change, conserving energy via high performance architectural glass products, and lowering greenhouse gas emissions (GHG). Flat glass has a wide range of applications due to its importance, which includes healthcare, optical, aerospace, electronics, and telecommunications.
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The growing construction industry is the primary driver of market expansion. Furthermore, rising infrastructure spending on the development of eco-friendly green buildings, which help to reduce carbon emissions into the environment, is propelling the flat glass market forward.
Because of the growing need for renewable energy throughout the world, flat glass is commonly utilized in photovoltaic modules, e-glass constructions, and solar panels. It is progressively displacing conventional materials like as bricks, stone, and wood. Insulated flat glass is transparent and recyclable, reducing pollution and increasing comfort for building occupants.
Another aspect driving market expansion is the thriving automobile industry. Tempered glass is increasingly being used by automotive makers due to its shatterproof qualities, which can avoid severe injuries and potential life risks in the event of an accident. Other reasons, such as the use of nanotechnology to make lightweight glazing glass and solar control panels, as well as expanding urbanization and disposable incomes, are contributing to the market's bright outlook.
The impact of COVID-19 and variable raw material prices is projected to stymie market expansion.
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The Asia-Pacific region is predicted to account for the majority of the flat glass market, with the majority of consumption coming from nations like as China, Japan, ASEAN countries, and so on. In 2021, Asia Pacific led the market, accounting for more than 61% of worldwide revenue.
Infrastructural advancements in the region's growing countries are likely to boost market growth throughout the predicted period. Developing nations such as China and Japan have begun to invest in the region. Furthermore, in India, the construction sector accounts for around 9% of the country's GDP.
Under the automatic method, 100 percent foreign direct investment in the construction sector in India is authorized in finished projects for operations and administration of townships, malls/shopping complexes, and commercial developments. These factors are projected to contribute to the growth of the market under consideration.
According to Future Market Insights, North America's building activity was hampered, particularly in the first half of 2020. However, the market in the United States will see a slight rebound in the second half of 2020 due to an increase in residential building activity.
According to the USA Census Bureau, the construction of new privately owned housing units increased by 6.7% in the Southern United States from 2019 to 2020. This growing trend is predicted to continue in the next years, propelling product demand in the coming years.
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The flat glass industry is highly concentrated, with the top five firms accounting for almost half of the market. The industry is very competitive, with several big manufacturers forming strategic alliances to increase their market share. Some of the key participants present in the global Flat Glass market include Asahi Glass, Nippon Sheet Glass, Guardian Industries, and Saint-Gobain among others.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 5.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Glass Type, End Use Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa |
| Key Companies Profiled | Asahi Glass; Nippon Sheet Glass; Guardian Industries; Saint-Gobain |
| Customization | Available Upon Request |
FMI projects the global Flat Glass market to expand at a 5.2% value CAGR by 2032
Asia Pacific is the world's fastest and largest expanding market.
Asahi Glass, Nippon Sheet Glass, Guardian Industries, and Saint-Gobain are some prominent Flat Glass manufacturers
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Product 5.1. Annealed Glass 5.2. Toughened Glass 5.3. Laminated Glass 5.4. Coated Glass 5.5. Mirrored Glass 5.6. Patterned Glass 5.7. Extra Clear Glass 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application 6.1. Construction 6.2. Automotive 6.3. Solar Panels 6.4. Others 7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia & Pacific 7.6. MEA 8. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11. East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12. South Asia & Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Asahi Glass Co., Ltd. (AGC) 16.2. Saint Gobain Glass 16.3. Sisecam Group 16.4. Nippon Sheet Glass Co., Ltd. 16.5. Vitro S.A.B. de C.V. 16.6. Guardian Industries Corp. 16.7. Gillinder Glass 16.8. Schott Group 16.9. Velux Group 16.10. Taiwan Glass Ind. Corp. 16.11. Fuyao Group 16.12. Xinyi Glass Holdings Limited 17. Assumptions & Acronyms Used 18. Research Methodology
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Flat Glass Market
