Flat Glass Market Astonishing Growth with Top Influencing Key Players like Saint Gobain, Asahi India Glass, Gujarat Guardian Limited (MODIGUARD), HNG Float (HNGIL)

Latest research on Flat Glass Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Flat Glass market. This report included a special section on the Impact of COVID19. Also, Flat Glass Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Flat Glass industry.

Flat Glass market is growing at a CAGR of 8% during the forecast period (2021-2026).

The Flat Glass market is highly competitive and consists of a number of major players. Top Companies like Saint Gobain, Asahi India Glass, Gujarat Guardian Limited (MODIGUARD), HNG Float (HNGIL), Gold Plus Glass Industries Limited, Triveni Glass Limited, Sejal Glass Ltd., SISECAM Flat Glass India Ltd.

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Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Flat Glass market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Flat Glass Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- Rapid industrialization and urbanization in India, combined with the adoption of smart and energy-efficient technology as advanced construction practice have a positive influence on the flat glass demand. Moreover, India’s construction sector is likely to outpace other countries.

- According to the Indian Brand Equity Foundation (IBEF), the Indian real estate industry is likely to reach USD 1 trillion by 2030 and may contribute approximately 13% to the country’s GDP by 2025. This is likely to increase the demand for flat glass and propel its market in the region.

- Besides the construction industry, which represents a sizeable share of product demand, the solar industry is predicted to be a lucrative application segment for the coming years.

- The Indian renewable energy sector is the fourth most attractive renewable energy market in the world and looks to meet its energy demand on its own, which is expected to reach 15,820 TWh by 2040. As a part of its Paris Agreement commitments, the Government of India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022. These include 100 GW of solar capacity addition and 60 GW of wind power capacity. The growing solar energy market in India is likely to propel the growth of the market.

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Key Market Trends

Construction Industry to Hold the Highest Market Share of the Market

- The Indian glass industry growth has been driven primarily by the construction sector. Moreover, the construction & infrastructure industry holds the highest market share in India flat glass market, owing to the growing demand for flat glass in residential building projects, government regulations about green & sustainable buildings, and the aesthetic appearance of flat glass in India.

- 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, facade, doors, interior partitions, balustrades, shop fronts, and railings for stairs and balconies, among other building parts, providing potential opportunity to flat glasses.

Use of Flat Glass in Automotive Applications is Expected to Drive the Market

- India is a prominent auto exporter and has strong export growth expectations for the near future. Automobile exports grew 14.50 percent during FY19. It is expected to grow at a CAGR of 3.05 percent during 2016-2026. Also, several initiatives by the Government of India and the major automobile players in the Indian market are expected to make India a leader in the two-wheeler and four-wheeler market in the world by 2020.

- Increasing per-capita disposable incomes along with rising automotive production may drive flat glass demand. Moreover, the market is likely to witness growth in the automotive segment as it has a high resistance to penetration and ensures safety for passengers. It is also effective in reducing the noise coming from the engine and prevents the deterioration of interior plastics & leather by blocking UV rays as flat glass is produced from vacuum insulated glass technology that ensures heat and sound insulation.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The 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.

–Analytical Tools: Flat Glass Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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