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3 Key Insights on Competitive Landscape in the Global Flat Glass Market: Ken Research

Few Diverse Global Players Dominate the Market Holding the Majority Revenue Share Despite the Presence of ~300 Competitors Comprising a Large Number of Regional Players and Country-Niche Players, finds a recent market study on the Global Flat Glass Market by Ken Research

Flat glass is made by dissolving sand, soda ash, and silica in a liquid and spreading it to the required thickness. The molten liquid is then cooled to obtain the desired product. Most flat glass is soda-lime glass, most commonly manufactured using the float glass process, however, it can also be rolled or formed by sheet metal. After manufacturing, the flat glass can be bent for various types of applications. Flat glass is most commonly used for manufacturing windows, doors, mirrors, photovoltaic modules, and e-glass structures among others.

“Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.”

Global Players constitute ~5% of the Total Number of Competitors and Hold the Largest Revenue Share While Regional Players Also Have a Strong Presence

A comprehensive competitive analysis conducted during the Research Study found that the Global Flat Glass Market is highly competitive with ~500 players which include globally diversified players, regional players as well as country-niche players having their niche in the Flat Glass Market for various end-user industries. The global players comprise about 5% in terms of the number of companies and hold around 40% of the market revenue share followed by regional players that account for nearly 35% of the market revenue. Most of the country-niche players are local producers of Flat Glass and its derivatives.

Global Flat Glass Distributing Companies

Leading Global Players Focus on Production Facility Expansion and Partnership to Cater the Wider End-user Audience

Detailed comparative analysis of key competitors available within the Research Study shows that global players such as Tomakk Glass Partners, Flat Glass Group Co. Ltd., Compagnie de Saint-Gobain S.A., and others are highly focused on advancing their products and processes to improve their product quality that can be used in multiple end-user industries like construction & Infrastructure, automotive & transportation, solar energy, consumer electronics, etc. Several companies are involved in strategic developments such as production facility expansion, partnerships, and fulfilling carbon-neutral commitments.

  • In August 2020, Tomakk Glass Partners announced the launch of its tempered glass fabrication facility in the USA to cater to the rising demand from the commercial, residential, and architectural application segments.
  • In February 2021, Flat Glass Group Co. Ltd. and JinkoSolar Holding Co. Ltd has signed a contract for solar glass procurement. Flat Glass Group Co. Ltd. Has secured the order of nearly 338 million square meters of rolled glass to support the production of 59GW of solar modules for three years from 2021 to 2023.

North America Flat Glass Market Forecast

Increased Initiatives of Governments Propelling the Growth of the Flat Glass Market

  • In the European Union, the European Commission as well as national governments and employers’ associations have taken initiatives and designed to invest in a sustainable industrial policy for glass manufacturing to foster the growth of the flat glass industry.
  • In October 2020, UK government announced funding of £ 54 million to develop a glass R&D facility at St Helens. This will revive the closed United Glass facility of St Helens which will be capable of producing 30 tonnes of sustainable glass a day.

In May 2022, Compagnie de Saint-Gobain S.A. announced that the company has achieved zero carbon production of flat glass by using recycled materials and green energy. This initiative is expected to support the company’s strategy to target carbon neutrality by 2050.

For More Information, refer to below link:-

Flat Glass Raw Material Suppliers

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Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

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