Flat Glass Market Global Outlook 2020-2025: AGC Inc., Cardinal Glass Industries, Inc, OGIS GmbH, GUARDIAN INDUSTRIES

The Global Flat Glass Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The flat glass market is expected to reach at a CAGR of over 9%, over the forecast period.

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Key Market Players:

AGC Inc., Cardinal Glass Industries, Inc, OGIS GmbH, GUARDIAN INDUSTRIES, Nippon Sheet Glass Co. Ltd, Phoenicia, PPG Industries, Inc, Saint-Gobain, SCHOTT AG, Asahi India Glass Limited, Vitro and Other

Latest Development and Industry News:

February 03, 2020: AGC Glass Europe, a European leader in flat glass, and Citrine Informatics are collaborating to use artificial intelligence (AI) to accelerate the development of next-generation glass. Citrine Informatics is a technology platform that harnesses the power of AI to bring new materials to market faster, and capture materials-enabled product value.

Key Market Trends

Construction Industry to Drive the Demand for Flat Glass

- The construction industry is the largest end-user segment of the market studied. Moreover, the ongoing trend of smart city projects is also anticipated to drive the flat glass demand.
- Flat glasses are made of sodium silicate and calcium silicate, and are available from 2mm to 20mm thickness ranges, for several applications. They have a weight range of 6kg/m2-36 kg/m2. These glasses are often considered as building blocks for several types of architectural and interior applications.
- Glasses are being used extensively in the construction industry, in windows, faade, doors, interior partitions, balustrades, shop fronts, and railings for stairs and balconies, among other building parts, providing potential opportunity to float glasses.
- The body-tinted float glass is a new type of glass, in which, melted colorants are added for coloring and solar-radiation absorption properties. This type of glass saves energy, reduces heat penetration into buildings, and provides a striking visual effect.
- Previously, flat glass was used for smaller windows in domestic housing, since larger windows required toughened glasses. Currently, flat glass can also be toughened by putting it through a heating process, which very nearly melts it, and then cools it to ambient temperatures, using a jet of cold air. This glass requires a greater pressure to break. This characteristic makes the glass suitable for use in building applications.

North America Dominates the Market and Expected to do Same in the Forecast Period.

Asia-Pacific to be the Fastest Growing Market

- Owing to the presence of emerging countries, such as India, China, and South Korea, among others, the Asia-Pacific region is expected to become the fastest growing sector in the flat glass market.
- Moreover, international vendors are shifting their manufacturing base to the Asia-Pacific region. This can be due to the availability of cheap unskilled and skilled workers in the region.
- Rapid industrialization and urbanization in India, China, and other countries in the Asia-Pacific region, combined with the adoption of smart and energy efficient technology as advanced construction practice have a positive influence on the flat glass demand.
- Increase in applications, such as window and windshield, in countries, such as India and China, may also drive the market. For instance, in India, according to the IBEF, 24.97 million vehicles were sold in the recent past.
- Chinas 13th Five Year Plan started in 2016, as it was an important year for the countrys engineering, procurement, and construction (EPC) industry. In addition, the country ventured into new business models domestically and internationally, during the year. Although the construction sector slowed down after 2013, it is still a major contributor to the GDP of the country. The Chinas construction industry developed rapidly in the recent past, due to the central governments push for infrastructure investment, as a mean to sustain economic growth.

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The market factors explained in the report:

Market Overview: It includes Flat Glass Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: The Flat Glass Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Regional Study: All of the regions and countries analyzed in the Flat Glass Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

Key Players: This part of the Flat Glass Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

Market Forecast: Here, the report offers a complete forecast of the global Flat Glass Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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