Flat Glass Market Analysis, Revenue, Share, Demand, Growth Rate and Forecast to 2030

The Global Flat Glass Market size is estimated to be USD 96.82 billion in 2019 and is predicted to reach USD 197.59 billion by 2030 with a CAGR of 6.7% from 2020-2030.

Glass is an important building material without which modern luxury high-rise living would be impossible. Flat glass is component which is used on a large scale in the industries as well as scientific arenas. It is used in a variety of end-products which include windows and facades for buildings, windows, solar panels, and windscreens. The various types of flat glass are laminated glass, toughened glass, coated glass, mirrored glass, extra clear glass, annealed glass and patterned glass.

It plays a crucial role in modifying the effects of climate change by aiding in energy conservation through high performance architectural glass products, and decreasing greenhouse gas emissions. Due to its importance, it has a large number of end-use applications which includes optical, healthcare, electronics & telecommunication and aerospace. Various types of mirrors have different applications such as rear-view mirrors are used in mouth mirrors, automobiles, dental mirrors are used by dentists, and solar mirrors are used for making integral components of the solar power plants. Wide applications and increasing demand for these glass in several industries has led to the market growth.

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Top Companies: Asahi Glass Company, AGC Flat Glass (Dalian) Co. Ltd, AVIC Sanxin, China Glass Holdings Ltd, China Yaohua Glass Group Corporation, China Southern Glass Holding Co. Ltd, Fu Yao Group and others.

Market Dynamics and Trends:

Rising use of these glasses in solar panels, photovoltaic modules, and e-glass due to increasing need for clean energy is projected to be one of the key trends propelling the flat glass market growth. Increasing urbanization, usage of solar products, rise in real estate sector, and product innovation are some of the factors positively influencing the growth of market during the forecast period. Significant investments are made for modernizing the existing airports & terminals in Asia Pacific. It is gradually used for interior designing, replacing traditional materials like wood, and stone for constructing stairs, floors, bathroom & walkways. However, availability of raw materials can hamper the market growth in the upcoming years.

The product is ruled by strict regulations for its use in automobile and construction industries. Leadership in Energy and Environmental Design describes standards for the implementation and usage of specialty glass in the construction of green building. Additionally, flat glass fabricators are anticipated to comply with specifications by FEMA on account of usage in the construction sector for safety and secured applications.

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Market Segmentations and Scope of the Study:

The global flat glass market share is analyzed on the basis of product, application, and geography. On the basis of product, the market is categorized into tempered, laminated, basic float, insulating, and others. According to the application, the flat glass market is classified into the automotive, construction, and others. The regional analysis of the market comprises of North America, Europe, Asia Pacific, and Rest of the World.

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