Emerging Companies in Flat Glass Market — Ken Research
What Is The Size Of Global Flat Glass Industry?
Global Flat Glass market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Flat Glass Market is largely driven by increasing 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 also expected to boost the market growth.
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.
Furthermore, 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. However, in the medium term, increasing demand for electronic displays, and increasing demand for home appliances such as TVs, smartphones, wearables, and other devices boosted the growth of the Flat Glass Market.
Global Flat Glass Market By Product Type
The Global Flat Glass market is segmented by Product Type into Basic, Tempered, Laminated, Insulated and Others.
The insulated segment dominated the Global Flat Glass Market by product type in 2022 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.
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Global Flat Glass Market By Technology
The Global Flat Glass Market is segmented by technology into Float, Rolled and Sheet.
The float segment is the highest revenue-generating in the Global Flat Glass Market by technology in 2022.
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.
Global Flat Glass Market By End-User
The Global Flat Glass market is segmented by End-User into Construction & Infrastructure, Automotive & Transportation, Solar Energy and Other.
The construction & infrastructure segment held the largest market share in the Global Flat Glass Market by end-user in 2022 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 Market By Geography
The Global Flat Glass market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.
Asia Pacific accounted for the largest market share in 2022 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.
Key Topics Covered in the Report
- Snapshot of the Global Flat Glass Market
- Industry Value Chain and Ecosystem Analysis of the Flat Glass Market
- Market size and Segmentation of the Global Flat Glass Market
- Historic Growth of the Overall Global Flat Glass Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Flat Glass Industry
- Overview, Product Offerings, and Developments of Key Competitors
- COVID-19 Impact on Overall Global Flat Glass Market
- Future Market Forecast and Growth Rates of the Total Global Flat Glass Market and By Segments
- Market Size of Application/End-user Segments with Historical CAGR and Future Forecasts
- Analysis of the Flat Glass Market in Major Regions
- Major Production/Supply and Consumption/Demand Hubs in Each Major Region
- Major Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region.
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Major Players Mentioned in the Report
- 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
Notable Emerging Companies Mentioned in the Report
- INOVUES, INC.
- PyroCore Limited.
- Gold Plus Float Glass
- Arabian United Float Glass Company
- Glass Partners
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Flat Glass Manufacturers
- Regulatory Authorities for Glass Industry
- Consulting companies in the Flat Glass Market
- Flat Glass Raw Material Suppliers
- Company Research and Development Institutes
- Market Research & Consulting Firms
- Banking and Financial Service Providers
- Construction Materials Suppliers
- Vehicle Manufacturers
- Auto Component Manufacturers
- Government & Regulatory Authorities
- Glass Research institutes
- Glass Material Suppliers
- Investors in Glass Manufacturing Industry
- Glass Testing & Inspection Companies
Time Period Captured in the Report
- Historical Period: 2017H-2021H
- Forecast Period: 2022E-2028F
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