Press release
Global Flat Glass Market will see innovation-based strengthening between 2021 and 2031
To study the performance of the global flat glass market over this eight-year period, Persistence Market Research recently conducted an in-depth study of the global market and published the findings in a new report titled 'Flat Glass Market: Global Industry Analysis (2012-2016) & Forecast (2017-2025).' Besides the value and volume projections, the report highlights the factors expected to impact the growth of the global flat glass market during the period 2017 to 2025.
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Global Flat Glass Market Sale: Forecast by Type
On the basis of Type, the global flat glass market is segmented into Annealed Glass, Toughened Glass, Laminated Glass, Coated Glass, Mirrored Glass, Patterned Glass, and Extra Clear Glass. The Toughened Glass segment is expected to hold the highest market share of about 27% by the end of 2025. Annealed Glass and Laminated Glass are expected to remain attractive segments and generate high revenue shares in the upcoming years.
Global Flat Glass Market Sale: Forecast by Manufacturing Process
The global flat glass market is segmented on the basis of Manufacturing Process into Float Glass, Sheet Glass, and Rolled Glass. The Float Glass segment is expected to hold the highest market share of more than 85% throughout the forecast period. This segment is anticipated to gain 140 BPS in market share in 2025 over 2017.
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Global Flat Glass Market Sale: Forecast by Application
On the basis of Application, the global flat glass market is segmented into Building & Construction, Automotive, Electronics, Furniture, Solar Applications, and Others. Building & Construction is expected to witness the highest growth in terms of revenue, with a projected market value of about US$ 63 Bn by the end of the forecast period in 2025.
The global construction and automotive industries are expected to increase rapidly in the upcoming years, which will have a positive impact on the growth of the flat glass market. Additionally, rising government spending on renewable energy sources would boost demand for flat glass in solar applications on the international market.
Key Companies-
• Asahi Glass Co. Ltd.
• Compagnie de Saint-Gobain S.A.
• Nippon Sheet Glass Co. Ltd.
• Guardian Industries Corp.
• Central Glass Co., Ltd.
• China Glass Holdings Limited
• Sisecam Group
• Xinyi Glass Holdings Ltd.
• Vitro, S.A.B. de C.V.
• Fuyao Glass Industry Group Co., Ltd.
• CSG Holding Co., Ltd.
• Luoyang Glass Company Limited
• Schott AG
• Taiwan Glass Ind. Corp.
• Phoenicia Flat Glass Industries Ltd.
• Obeikan Glass Company
• Emerge Glass India Pvt. Ltd.
• Cardinal Glass Industries, Inc.
• Euroglas GmbH
• Scheuten Glass Holding B.V.
• Others.
Global Flat Glass Market sale: Regional Forecast
Persistence Market Research has studied the performance of the global flat glass market across the key geographies of Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia Pacific is expected to observe relatively higher Y-o-Y growth in the coming years. This is also the largest regional market for flat glass, with a projected value share of more than 55% throughout the assessment period. Asia Pacific is estimated to create a total incremental $ opportunity of about US$ 18 Bn between 2017 and 2025.
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North America and Europe are expected to witness moderate growth and medium market share in the coming years. The Europe flat glass market is anticipated to remain ahead of the regional markets in North America, Middle East & Africa and Latin America in the near future owing to the presence of a large number of automotive OEMs that demand huge quantities of flat glass for various applications.
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