Flat Glass Market is anticipated to value USD 210.26 Billion till 2027 and was valued at USD 136.05 billion in 2019 increasing at a CAGR of 6.86% during forecast period 2020-2027
Flat Glass Market Outline:
Flat glass is a kind of glass commonly used for windows, windscreens, transparent walls and glass doors. It is produced in plane form. The flat glass is bent sometimes after the production of plane sheet for modern architectural and automotive applications. The global flat glass market report focuses on a holistic assessment of the market for the forecast period. This report consists of different sector and in-detail analysis of the trends as well as factors contributes in leading to market growth. The factors include market dynamics such as drivers, restraints, challenges and opportunities. The report further focuses on effect of these factors on flat glass market. Moreover, this report also outlines the market development in terms of profit making for the forecast period. Flat glass term refers to glass produced in flat form, in spite of the kind of manufacturing process involved. There are main four sub-segments found within the glass sector such as fiber, container, and flat and specialty glass. Flat glasses are obtained from the controlled chemical and thermal reactions to bring toughness in the structural formation. In spite of this, flat glass is very supple and customizable.
There is growing demand from construction industry for flat glass because of its huge range of utilities from safety applications to solar protection and heat insulation to soundproofing. Self-cleaning glass is the trend in flat glass. Flat glass is hugely used in windows for aesthetic as well as functional purposes to allow customers to have clear sights looking out of the window and similarly protecting them from UV radiations. Flat glass has many benefits as its ultraviolet light removes the organic dirt in sunlight. During rain time, dirt is also washed off the windows without leaving streaks. During rain time water forms a film, which covers the whole glass surface instead of forming droplets as on conventional glass. Hence, self-cleaning quality of flat glass provides best visibility as compared to conventional glass during rain time.
Flat Glass Market Driving factors and restraints
Increase in disposable profits of the people and increasing urban population are the leading factors to boost the infrastructure and construction activities growth globally. The growth of infrastructure and construction growth directly lead to the increasing demand for flat glass and consequently drive the market growth. Building architecture is changed rapidly as the trend changed hence the use of flat glass is increased in roofs and frontages using natural daylight. Some other prominent market drivers are technologies like Low-E triple silver lined supplies. Rising commercial construction in a huge range of segments such as office commercials, education, retail and healthcare increases the demand for flat glass and consequently drive the market growth.
Flat Glass Market Segmentation on the basis of Application Type, Product Type and Regional Type:
By Application Type
By Product Type
By Region Type
- North America
- Asia Pacific
Asia pacific is anticipated to record the high market growth share in new residential construction projects because of the increasing housing construction market in several developing countries like India, China and ASEAN countries. The construction line grew tremendously in China though growth rate is reduced in 2019 as compared to 2018. The construction output volume is anticipated to grow at the revenue of USD 15.5 trillion globally in the upcoming years in countries like China and U.S and India according to Institution of Civil Engineers.
Flat Glass Market – Key Market Players:
The flat glass market is competitive enough and fragmented because of the existence of numerous industry players operating in the market. There are several companies, which are started implementing strategic initiative for the recovery of loss came because of COVID-19 and strengthening their place in the market.
A few of the major players in the global flat glass market are:
- AGC Inc.
- Guardian Industries
- Cevital Group
- Şişecam Group
High competition is observed in the global automotive films market as a huge number of key players are operating in the market. A huge number of multinationals are also operating with increasing production rate around the globe. Both these factors are enhancing the market competition.