Flat Glass
Flat Glass Market Forecasts to 2030 - Global Analysis By Product (Annealed Glass, Tempered Glass, Laminated Glass, Coated Glass and Other Products), Type, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $153.51 BN |
|
Projected Year Value (2030) |
US $239.58 BN |
|
CAGR (2024 - 2030) |
7.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Flat Glass Market is accounted for $153.51 billion in 2024 and is expected to reach $239.58 billion by 2030 growing at a CAGR of 7.7% during the forecast period. Flat glass is a kind of glass that is produced in thin, flat sheets and is frequently utilised in industrial, automotive, and construction settings. It is made using techniques such as the float glass method, which creates uniformly flat sheets by spreading molten glass over a layer of molten tin. Windows, doors, mirrors, solar panels, and car windscreens are all made of flat glass. For increased strength, security, and energy efficiency, it can be further processed into coated, laminated, or tempered glass.
Market Dynamics:
Driver:
Rising adoption of solar energy
The demand for premium flat glass has increased as a result of increased government incentives and regulations supporting renewable energy, which have increased the installation of solar panels. Solar glass's efficiency and uptake are further increased by technological developments including anti-reflective coatings and durability enhancements. Flat glass manufacturing and consumption are also on the rise due to rapid urbanisation and the move to renewable energy sources. Additionally, a significant amount of tempered and coated flat glass is required due to the expanding number of solar farms being built globally. The market for flat glass is thus growing rapidly, in line with the worldwide movement towards renewable energy solutions.
Restraint:
Brittle nature & handling issues
Handling issues arise due to its heavy weight and sharp edges, increasing the risk of accidents and damage. Regular breaks result in increased material waste, which drives up manufacturing costs for producers. Distribution is difficult due to specialised packing and delivery techniques that raise logistical costs. Its implementation is made more difficult by end customers' requirements for sophisticated safety precautions, such as those in the automobile and construction sectors. By raising prices and preventing widespread acceptance, these issues work together to impede the market expansion for flat glass.
Opportunity:
Growing demand for energy-efficient glass
Low-emissivity (Low-E) and solar-control glass are becoming more popular as consumers and businesses look for sustainable ways to cut energy use. Governments across the world impose strict energy restrictions, which incentivise the use of high-performance glass in the automobile and construction industries. Market expansion is further accelerated by growing urbanisation and green building efforts. Technological developments improve flat glass's durability and efficiency, increasing its appeal for a range of uses. In order to satisfy changing demands for energy efficiency, manufacturers invest in cutting-edge coatings and smart glass solutions.
Threat:
Economic slowdowns & geopolitical instabilities
Infrastructure and real estate investments decline as a result of a decline in consumer expenditure and industrial activity. Supply chains are disrupted by geopolitical instability, which results in price volatility and shortages of raw materials. International glass commerce is further impacted by trade restrictions and taxes, which raise manufacturing costs. Businesses are reluctant to grow when the economy is uncertain, which impedes innovation and capacity expansion. All things considered, these elements make the flat glass industry difficult to operate in, which restricts its potential for expansion and financial success.
Covid-19 Impact
The COVID-19 pandemic disrupted the flat glass market due to supply chain constraints, labor shortages, and halted construction activities. Lockdowns led to reduced demand from the automotive and construction sectors, key consumers of flat glass. However, the market saw a gradual recovery with the resumption of infrastructure projects and increased demand for solar panels. The shift toward sustainable energy sources and technological advancements in glass manufacturing further accelerated growth post-pandemic, helping the industry regain stability.
The mirrored glass segment is expected to be the largest during the forecast period
The mirrored glass segment is expected to account for the largest market share during the forecast period by driving demand in interior design, architecture, and automotive applications. It is well-liked in both residential and commercial settings because to its visual appeal and practical advantages, such improved lighting and energy efficiency. Its acceptance is further aided by the rising popularity of beautiful glass and smart mirrors. Furthermore, improvements in manufacturing technology increase cost-effectiveness and durability, drawing in more customers. The need for mirrored glass is being driven by increased urbanisation and infrastructure development worldwide, which is supporting the flat glass industry as a whole.
The electronics & appliances segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the electronics & appliances segment is predicted to witness the highest growth rate, due to high-quality glass in display screens, smart devices, and home appliances. Flat glass is essential for manufacturing LED, OLED, and touchscreen panels, which are widely used in smartphones, tablets, and televisions. Energy-efficient refrigerators, ovens, and washing machines also incorporate flat glass for durability and aesthetics. The rise of smart homes and IoT-connected appliances further boosts the need for specialized glass with advanced coatings. Continuous technological advancements in consumer electronics sustain the growth of the flat glass market.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rapid urbanization and increasing demand from the automotive. Countries like China, India, and Japan dominate the market due to rising construction activities and government initiatives promoting renewable energy. Technological advancements in energy-efficient and smart glass further boost demand. The presence of major manufacturers and expanding production capacities enhance regional supply. Additionally, the growing adoption of lightweight, high-performance glass in vehicles and electronics fuels market expansion across Asia-Pacific.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to the increased demand from the construction, automotive and solar energy industries. Rising urbanization, infrastructure development, and the shift toward energy-efficient buildings are boosting demand for advanced glass products like low-emissivity (Low-E) and insulated glass. The automotive sector also plays a key role, with growing adoption of lightweight, high-performance glass for improved fuel efficiency. Additionally, the push for renewable energy has accelerated demand for solar control and photovoltaic glass. Major manufacturers are investing in innovation and sustainable production, further enhancing market expansion across the United States and Canada.
Key players in the market
Some of the key players profiled in the Flat Glass Market include NSG Group (Nippon Sheet Glass Co., Ltd.), Saint-Gobain, Guardian Industries, Schott AG, ?i?ecam, Asahi Glass Co., Ltd. (AGC Inc.), China National Building Material Group Corporation (CNBM), Taiwan Glass Ind. Corp., Vitro S.A.B. de C.V., Xinyi Glass Holdings Limited, Fuyao Glass Industry Group Co., Ltd., Central Glass Co., Ltd., Euroglas GmbH, AGC Flat Glass Europe, Saint-Gobain Glass India, PPG Industries and Vitro Architectural Glass.
Key Developments:
In April 2024, Vitro announced a partnership with the Pittsburgh Steelers, becoming the first partner of the team in Mexico as part of the NFL Global Markets Program. This partnership allows Vitro to engage with the Steelers' fanbase in Mexico and Western Pennsylvania, promoting its innovative glass solutions.
In July 2023, FGC Group acquired NSG Group's assets in Russia, including the Pilkington Glass Russia plant and STiS Group. STiS Group operates eight production sites across Russia, specializing in double-glazed windows and specialized glass products. This acquisition expanded FGC Group's presence in the glass market.
Products Covered:
• Annealed Glass
• Tempered Glass
• Laminated Glass
• Coated Glass
• Mirrored Glass
• Patterned Glass
• Extra Clear Glass
• Other Products
Types Covered:
• Float
• Sheet
• Rolled
Applications Covered:
• Windows & Doors
• Facades & Curtain Walls
• Furniture & Table Tops
• Automotive Glass
• Solar Glass
• Skylights
• Interior Partitions
• Other Applications
End Users Covered:
• Building & Construction
• Automotive & Transportation
• Solar Energy
• Electronics & Appliances
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Flat Glass Market, By Product
5.1 Introduction
5.2 Annealed Glass
5.3 Tempered Glass
5.4 Laminated Glass
5.5 Coated Glass
5.6 Mirrored Glass
5.7 Patterned Glass
5.8 Extra Clear Glass
5.9 Other Products
6 Global Flat Glass Market, By Type
6.1 Introduction
6.2 Float
6.3 Sheet
6.4 Rolled
7 Global Flat Glass Market, By Application
7.1 Introduction
7.2 Windows & Doors
7.3 Facades & Curtain Walls
7.4 Furniture & Table Tops
7.5 Automotive Glass
7.6 Solar Glass
7.7 Skylights
7.8 Interior Partitions
7.9 Other Applications
8 Global Flat Glass Market, By End User
8.1 Introduction
8.2 Building & Construction
8.3 Automotive & Transportation
8.4 Solar Energy
8.5 Electronics & Appliances
8.6 Other End Users
9 Global Flat Glass Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 NSG Group (Nippon Sheet Glass Co., Ltd.)
11.2 Saint-Gobain
11.3 Guardian Industries
11.4 Schott AG
11.5 ?i?ecam
11.6 Asahi Glass Co., Ltd. (AGC Inc.)
11.7 China National Building Material Group Corporation (CNBM)
11.8 Taiwan Glass Ind. Corp.
11.9 Vitro S.A.B. de C.V.
11.10 Xinyi Glass Holdings Limited
11.11 Fuyao Glass Industry Group Co., Ltd.
11.12 Central Glass Co., Ltd.
11.13 Euroglas GmbH
11.14 AGC Flat Glass Europe
11.15 Saint-Gobain Glass India
11.16 PPG Industries
11.17 Vitro Architectural Glass
List of Tables
1 Global Flat Glass Market Outlook, By Region (2022-2030) ($MN)
2 Global Flat Glass Market Outlook, By Product (2022-2030) ($MN)
3 Global Flat Glass Market Outlook, By Annealed Glass (2022-2030) ($MN)
4 Global Flat Glass Market Outlook, By Tempered Glass (2022-2030) ($MN)
5 Global Flat Glass Market Outlook, By Laminated Glass (2022-2030) ($MN)
6 Global Flat Glass Market Outlook, By Coated Glass (2022-2030) ($MN)
7 Global Flat Glass Market Outlook, By Mirrored Glass (2022-2030) ($MN)
8 Global Flat Glass Market Outlook, By Patterned Glass (2022-2030) ($MN)
9 Global Flat Glass Market Outlook, By Extra Clear Glass (2022-2030) ($MN)
10 Global Flat Glass Market Outlook, By Other Products (2022-2030) ($MN)
11 Global Flat Glass Market Outlook, By Type (2022-2030) ($MN)
12 Global Flat Glass Market Outlook, By Float (2022-2030) ($MN)
13 Global Flat Glass Market Outlook, By Sheet (2022-2030) ($MN)
14 Global Flat Glass Market Outlook, By Rolled (2022-2030) ($MN)
15 Global Flat Glass Market Outlook, By Application (2022-2030) ($MN)
16 Global Flat Glass Market Outlook, By Windows & Doors (2022-2030) ($MN)
17 Global Flat Glass Market Outlook, By Facades & Curtain Walls (2022-2030) ($MN)
18 Global Flat Glass Market Outlook, By Furniture & Table Tops (2022-2030) ($MN)
19 Global Flat Glass Market Outlook, By Automotive Glass (2022-2030) ($MN)
20 Global Flat Glass Market Outlook, By Solar Glass (2022-2030) ($MN)
21 Global Flat Glass Market Outlook, By Skylights (2022-2030) ($MN)
22 Global Flat Glass Market Outlook, By Interior Partitions (2022-2030) ($MN)
23 Global Flat Glass Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Flat Glass Market Outlook, By End User (2022-2030) ($MN)
25 Global Flat Glass Market Outlook, By Building & Construction (2022-2030) ($MN)
26 Global Flat Glass Market Outlook, By Automotive & Transportation (2022-2030) ($MN)
27 Global Flat Glass Market Outlook, By Solar Energy (2022-2030) ($MN)
28 Global Flat Glass Market Outlook, By Electronics & Appliances (2022-2030) ($MN)
29 Global Flat Glass Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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