Tuesday, January 31, 2023

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Manufacturing And Construction Construction Materials Global Flat Glass Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken...

Global Flat Glass Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

The Global Flat Glass Market is expected to grow at 6% CAGR over the next six years (2022-2028) owing penetration of glass architecture in the residential and non-residential construction industry. Furthermore, increasing solar energy installations across the globe and growing demand from the automobile industry is expected to boost the market growth. The market size is estimated to be ~US$ 110 Bn in 2022. It is further found in Ken Research’s study that the market size is expected to reach ~US$ 160 Bn by 2028.

Global Flat Glass Distributing CompaniesFor more information, request a free sample

Key Growth Drivers

  • The rising installation of solar panels across the globe is expected to propel the growth of the Global Flat Glass Market. The growing expenditure on the construction industry is further expected to accelerate the growth of the market.
  • Growth in construction and infrastructure development is directly related to the demand for flat glass, which tends to drive market growth. Recent trends show that the architecture of buildings is changing rapidly, such as the use of flat glass in facades and roofs to optimize natural light. Construction of eco-friendly green buildings, which aid in minimizing carbon emissions into the environment, is also driving the flat glass market growth.
  • An increase in the cost of raw materials is a major challenge faced by the Flat Glass Market.
  • The prices of sand, soda ash, and limestone, which are the main raw materials used in the production of glass, have been rising in recent years. This has put pressure on glass manufacturers to increase their prices which in turn affects the end-user industries.
  • Due to the COVID-19 outbreak, most of the manufacturing plants were closed and automotive production got severely affected. Supply chains around the world had been disrupted. Economic instability prompted both public and private sector developers to pause their projects, which led to the decline of the construction industry. However, in the medium term, increasing demand for electronic displays, and increasing demand for home appliances such as TVs, smartphones, tablets, laptops, wearables, and other devices boosted the growth of the Flat Glass Market.

Key Trends by Market Segment

By Product Type: The insulated segment dominated the Global Flat Glass Market by product type in 2021 and is expected to continue being the dominant segment during the forecast period.

Insulated flat glass is expected to grow as a result of rising demand from residential and non-residential establishments. Products like curtain walls, storefronts, overhead glazing, non-vision locations, and commercial and operable windows are made from insulated flat glasses. Also, this type of glass is used in the manufacturing of photovoltaic modules.

Global Flat Glass End User IndustryVisit this Link Request for custom report

By Technology: The float segment is the highest revenue-generating in the Global Flat Glass Market by technology in 2021.

  • Float glass is manufactured on a floating line where a molten ribbon of glass is made by floating the liquid glass mixture over a bed of molten tin. As it floats over the tin, it is called float glass. The float glass segment requires simple processing. Moreover, the production of float glass can be done on a large scale without compromising on its quality.

By End-user: The construction & infrastructure segment held the largest market share in the Global Flat Glass Market by end-user in 2021 and is expected to continue being the dominant segment during the forecast period.

Due to rapid urbanization and a growing population, construction activities and infrastructural developments are increasing rapidly around the globe. Preference for look & appeal in interiors has augmented the demand for luxury construction which requires usage of glass products in buildings. The use of glass reduces the time taken to construct a structure.

Global Flat Glass Industry ResearchTo more about industry trends, Request a free Expert call

By Region: Asia Pacific accounted for the largest market share in 2021 among all regions within the Global Flat Glass Market and is expected to be the dominant region during the forecast period owing to the expansion of the housing construction market in developing countries.

Asia Pacific regional market is anticipated to grow as infrastructure development in the developing countries of the region is expected to boost the market growth over the forecast period. In residential and non-residential establishments, the use of flat glass is very high. Southeast Asia is also one of the emerging sub-regional markets, with countries such as China and Japan investing heavily in the region. Various automobile manufacturers and consumer electronics manufacturing plants are concentrated in the Asia Pacific region. Consumer electronics devices such as mobile phones, laptops, computers, TV, etc. requires flat glass for its screen.

Global Flat Glass Industry OutlookCompetitive Landscape

The Global Flat Glass Market is highly competitive with ~300 players which include globally diversified players, regional players as well as a large number of country-niche players.

Large global players control the majority share of the market in terms of revenue, while regional players hold the second largest share. Some of the major players in the market include AGC Inc., Guardian Industries, Nippon Sheet Glass Co. Ltd., Pilkington Group Limited, Vitro S.A.B. de C.V., CSG Holding Co. Ltd., Taiwan Glass Ind. Corp., Turkiye Sise ve Cam Fabrikalari AS, Tomakk Glass Partners, Flat Glass Group Co. Ltd., Compagnie de Saint-Gobain S.A., Fuyao Glass America Inc. among others.

The leading global companies such as AGC Inc., Guardian Industries, and Nippon Sheet Glass Co. Ltd. highly focus on new product launches and expansion of production to increase their market presence.

Global Flat Glass ManufacturersRecent Developments Related to Major Players

  • In September 2020, Guardian Industries inaugurated its second float glass facility in Poland for the production of a technologically advanced new glass coater. The new facility aims at catering to the growing demand for high-performance products in the architectural and construction markets.
  • In June 2021, Nippon Sheet Glass Co. Ltd. launched its antibacterial and antiviral-coated glass; NSG Purity. These glasses come with antiviral and antibacterial coating and also kill 99.9% of viruses and bacteria and do not allow bacteria to enter homes.
  • In April 2021, AGC Inc. developed the Smart Inventory System for the automated management of raw materials. The system was fully deployed at its Kansai Plant, Takasago Factory, and Amagasaki Factory. This initiative is expected to promote the handing down of technology & skill among workers and to reduce annual labor hours by 1,000 hours.

Conclusion

The Global Flat Glass Market is forecasted to continue moderate growth, which is primarily driven by increasing glass architecture in the residential and non-residential construction industry. Furthermore, rising solar energy installations across the globe and growing demand from the automobile industry are expected to boost the market growth. The market size is estimated to be ~US$ 110 Bn in 2022 and is expected to reach ~US$ 160 Bn by 2028 growing with a CAGR of around 6%. Asia Pacific is the dominant region in terms of revenue generation. Though the market is highly competitive with ~300 participants, few global players control the dominant share, and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Flat Glass Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the world’s major regions’ Flat Glass Markets. The revenue used to size and forecast the market for each segment is US$ Billion.

Market Taxonomy

By Product Type
  • Basic
  • Tempered
  • Laminated
  • Insulated
  • Others
By Technology
  • Float
  • Rolled
  • Sheet
By End-user
  • Construction & Infrastructure
  • Automotive & Transportation
  • Solar Energy
  • Other
By Region
  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Taiwan
    • Indonesia
    • Rest of Asia Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
Key Players
  • AGC Inc.
  • Guardian Industries
  • Nippon Sheet Glass Co. Ltd.
  • Pilkington Group Limited
  • Vitro S.A.B. de C.V.
  • CSG Holding Co. Ltd.
  • Taiwan Glass Ind. Corp.
  • Turkiye Sise ve Cam Fabrikalari AS
  • Tomakk Glass Partners
  • Flat Glass Group Co. Ltd.
  • Compagnie de Saint-Gobain S.A.
  • Fuyao Glass America Inc.
RELATED ARTICLES

The Government aims for wide adoption of 3D printing technology in the UAE by 2030: Ken Research

Buy Now 1. Due to the rise of the COVID-19 pandemic in the UAE this technology was used for the purpose of manufacturing commercially. 3D printing...

High Consumer Adoption Rate, Boost in Technology Industry, Alternative Payment Methods and Sustainable approaches are propelling the Outdoor Payment Terminal Market in Canada: Ken...

Buy Now 1. The Canada Outdoor Payment Terminal Market is expected to increase by ~ 100,000 units on the basis of total installed base with...

Tech Innovation introduced by JLL KSA is transforming the Real Estate Services Market in the Kingdom: Ken Research

Buy Now Technology is being embraced by JLL to meet the needs of their clients today and anticipate the opportunities of tomorrow. Their commitment to...

Most Popular

Philippines Medical Education Market is in Growing Stage, driven by its Quality Education & increasing popularity

Buy Now Philippines Medical Education is one of the Finest especially in terms of cost of the Course as well as other Medical...

Thailand Medical Device Market is all set to grow with double-digit CAGR from 2021 to 2026F, with import contributing the highest revenue share –...

Buy Now 1. Thailand’s medical devices market is one of the most well-known and well-established sectors in ASEAN countries which grew at a CAGR of...

The Malaysia Medical Education Market is being driven by Increasing Number of Private Medical Colleges and Government Pro-Industry Orientation – Ken Research

Buy Now 1. Private universities dominate the Malaysia Medical Education Market. Private universities account for the majority of the universities present in Malaysia. Growing economy...

The Government aims for wide adoption of 3D printing technology in the UAE by 2030: Ken Research

Buy Now 1. Due to the rise of the COVID-19 pandemic in the UAE this technology was used for the purpose of manufacturing commercially. 3D printing...