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The Flat Glass Market size is predicted to reach USD 197.59 billion with a CAGR of 6.2% by 2030. Flat glass, also known as plate or sheet glass is manufactured by pouring the molten glass from a furnace into a chamber that contains a bed of molten tin.
Overview
Flat glasses are widely used in the consumer goods, building & construction, solar, and automotive industries, in applications such as solar panels, furniture, windshields, glass tabletops, transparent walls, wall mirrors, car mirrors, glass doors, and building facades among others. Flat glass is not only used for enhancing attractiveness of buildings, but it is also used as a technical and safety requirement in some applications like soundproof glazing, heat insulation, and as a resistance to UV.
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The demand for flat glass is rising due to the increasing investment towards infrastructure such as construction of eco-friendly green buildings, which aid in minimizing the carbon emissions into the environment. Moreover, increasing trend of replacing building exteriors with laminated flat glass owing to its toughness and wide usage in offices due to its ability to propagate natural day light inside the office contribute towards the growth of the market.
The flat glass market has been segmented based on type, raw material, end-use, and geography. Based on type, the market is bifurcated into basic float glass, toughened glass, coated glass, laminated glass, insulated, extra clear glass, and others. Based on raw material the market is divided into sand, soda ash, recycled glass, dolomite, limestone, and others.
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The market is classified into construction, automotive, solar, electronics, and others. The construction segment is further classified into new, refurbishment, and interior. Under automotive, the market is sub-segment into OEM, and aftermarket. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.
Asia-Pacific region holds the lion share of flat glass market and is expected to continue dominating the market during the forecast period. Europe owing to increasing investment in the automotive and construction industry.
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The market comprises of various players such as are AGC Inc., Cevital Group, Euroglas, Guardian Industries, Saint-Gobain, i ecam Group, Vitro, Schott AG, Nippon Sheet Glass Co., and Kibing Group. These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product and increase their growth and geographical reach.
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