[150+ Pages Report] The flat glass market size is projected to reach over US$ 347 billion by the end of the year 2030 from US$ 256.12 billion in 2020 at a steady CAGR of 4.1% from 2021 to 2030, according to Precedence Research.
The flat glass market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2030.
This research report evaluates the flat glass market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global flat glass market for the period from 2017 to 2030. Flat glass, also recognized as plate or sheet glass and is most frequently used for the manufacturing of mirrors, doors, windows, and solar panels. It is manufactured by melting soda ash, sand, and silica into liquid along with spreading it on the metal base to the required thickness. The final product is obtained by cooling the molten liquid. Flat glass is produced using two methods i.e. chemical reactions and controlled thermal to ensure toughness in the architectural creation. Apart from this, flat glass is extremely customizable and flexible once it is made.
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Market Report Scope
Market Scope | Details |
Market Size | US$ 347 billion by 2030 |
Growth Rate | CAGR of 4.1% from 2021 to 2030 |
Base Year | 2020 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | By Product, Application, and Region |
Growth Factors
Thriving growth in construction industry is one of the key factors driving the growth of flat glass market. Rising investment on infrastructural development particularly for green buildings and eco-friendly construction that helps in reducing the carbon footprint in the environment further drives the market for flat glass in the coming years. Rising disposable income along with increasing preference for aesthetics and good-looking interior augment the demand for luxury construction mainly in the non-residential as well as residential sectors propels the overall market growth.
Additionally, remarkable growth of automotive industry accounts for another major factor that contributes to the market growth. Tempered glass is largely used in the automotive industry because of its shatterproof properties that enhances the security of passengers and drivers during accidents. These above factors create a positive outlook for the market growth in the upcoming timeframe.
Report Highlights
- The Asia Pacific dominated the global flat glass market with a revenue share of nearly 67% in the year 2019 owing to rapid urbanization in the developing nations
- North America witnessed a moderate growth in the global flat glass market sales value because of slow recovery in the construction sector after the attack of COVID-19
- Middle East & Africa is the fastest growing region on the account of fast growing construction activities in the region
- Based on product, insulated product segment captured majority of the market revenue and accounted for nearly 44% share in the year 2019 due to its increasing demand from residential and non-residential construction activities
- Laminated product segment exhibits considerable growth over the forecast period because of significant demand from the automotive industry
- By application, architectural segment held the largest market value share of approximately 75% in the year 2019 attributed to the rising infrastructure development
- Increasing demand for electric vehicles are likely to propel the market growth of automotive application in the global flat glass market
Regional Snapshots
The Asia Pacific region emerged as the front-runner in the global flat glass market accounting for more than 60% of value share in the year 2020. The prominent growth of the region is mainly attributed to the rising construction activities in the region. In addition, significant growth in the residential building because of accelerating growth in population also triggers the growth of flat glass market. For instance, Inno Build Asia states that ASEAN countries estimated to witness a CAGR of 7.5% in the construction sector by 2021.
Furthermore, increasing deployment of solar energy panels in the region is another prominent factor that thrives the market growth for flat glass. As per the International Renewable Energy Agency, total installed solar capacity across the world reached 583.5 GW at the end of 2019 and Asia Pacific captured the largest share in the PV capacity of 330.1 GW. China is the leading region in solar PV installations with 205.7 GW of installed capacity. Hence, the aforementioned factors cumulatively excelled the market growth during the upcoming years.
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Competition Landscape
In the final section of the research report, Precedence Research provided the global flat glass market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.
Some of the major players in the flat glass market include:
- Central Glass Ltd.
- AGC Inc.
- Cevital Group
- Euroglas
- China Glass Holding Ltd.
- Fuyao Glass Industry Group Co., Ltd.
- Xinyi Glass Holdings
- Nippon Sheet Glass Co., Ltd.
- Guardian Industries
- Şişecam Group
- Saint-Gobain
- Vitro
Market Segmentation
By Product Type
- Tempered
- Basic
- Insulated
- Laminated
- Others
By Application Type
- Automotive
- Architectural
- Others
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and
Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Most Asked Questions –
What was the market size value of the flat glass in 2020?
What is the expected market size by 2030?
What is the flat glass market growth?
What are the key factors that positively influence market growth?
Who are the prominent players in the flat glass market?
Why should you invest in this report?
If you are aiming to enter the global flat glass market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for flat glass are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Flat Glass Market, By Product
7.1. Flat Glass Market, by Product Type, 2021-2030
7.1.1. Tempered
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Basic
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Insulated
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Laminated
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Flat Glass Market, By Application
8.1. Flat Glass Market, by Application, 2021-2030
8.1.1. Automotive
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Architectural
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Flat Glass Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 10. Company Profiles
10.1. Central Glass Ltd.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. AGC Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Cevital Group
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Euroglas
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. China Glass Holding Ltd.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Fuyao Glass Industry Group Co. Ltd.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Xinyi Glass Holdings
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Nippon Sheet Glass Co. Ltd.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Guardian Industries
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. ?i?ecam Group
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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