Flat Glass Market Trend, COVID-19 Impact, Current Industry Figures with Demand by Countries and Future Growth 2030

The Flat Glass Market size was valued at USD 105.98 billion in 2020 and is predicted to reach USD 197.59 billion by 2030 with a CAGR of 6.2% from 2021-2030.

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. The atmosphere inside the chamber is carefully controlled during this process. It spreads 90 to 140 inches wide at a thickness determined at the time of manufacture. Flat glass is also produced via controlled chemical and thermal reactions to ensure toughness in its structure. Despite this, flat glass is highly customizable and flexible once it is made. 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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Competitive Landscape

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. For instance, In September 2020, Guardian industries inaugurated its second float glass facility in Poland. The aim of the new facility is catering to the growing demand for high-performance products in construction and architectural markets. Also, in March 2021, Schott AG had flaunted innovative solutions for the tempered glass of home appliances at one of the famous trade shows named Appliance & Electronics World Expo 2021. This update helped the company to increase customer base which will generate the revenue in future.

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Market Segmentations and Scope of the Study:

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. Based on end-use, 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.

Geographical Analysis

Asia-Pacific region holds the lion share of flat glass market and is expected to continue dominating the market during the forecast period. This is attributed to factors such as growth of various end-user industries like automotive, consumer electronics, building & construction, and various other industries. Also, China is the biggest producer of flat glass in the world, holding more than 50% share of the market. Many manufacturers in China have been geared to create products that meet the environmental standards and western production levels. Moreover, second-largest market share is held by Europe owing to increasing investment in the automotive and construction industry. In addition, presence of major players such as O-I glass, Nippon Sheet Glass Co., Ltd and AGC Inc., Saint-Gobain, and Ardagh Group SA, boosts the market growth in this region. North America, on the other hand is expected to show a steady rise in the flat glass market due to government regulations with regards to energy-efficient buildings that results in the growth of the flat glass market in the North American region.

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