Press release
Flat Glass Global Market Report 2024 - By Share, Size, Growth, Trends, Forecast To 2033
Flat Glass Market
The Business Research Company offers in-depth market insights through Flat Glass Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The flat glass market size has grown strongly in recent years. It will grow from $37.73 billion in 2023 to $40.26 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increasing industrialization and manufacturing and growth in solar energy installations.
The flat glass market size is expected to see strong growth in the next few years. It will grow to $51.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to the global population growth and urbanization, growth in the construction industry, growing demand for electronic displays and increasing investments. Major trends in the forecast period include focus on partnerships and collaborations, focus on artificial intelligence in flat glass manufacturing, focus on product innovations, focus on use of advanced digital camera systems in glass production and increasing focus on solar glass.
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Market Segmentation:
The flat glass market covered in this report is segmented -
1) By Product: Basic Float Glass, Toughened Glas, Coated Glass, Laminated Glass, Extra Clear Glass And Other Products
2) By Process: Float, Rolled Sheet
3) By End User: Construction And Infrastructure, Automotive And Transportation, Solar Energy And Other End-Use Industries
Major Driver - Flat Glass Market Surges As Solar Energy Installations Reach New Heights
The rising number of solar energy installations is expected to propel the growth of the flat glass market going forward. Solar energy refers to the energy that comes from the sun and is converted into thermal or electrical energy. Solar energy is the cleanest and most abundant renewable energy source. Flat glass is an essential element that is used in solar units, which helps in converting solar energy into electricity. For instance, according to the Indian Brand Equity Foundation, an India-based government agency, in December 2021, the Indian government allocated a budget of $2.57 billion to boost the manufacturing of high-efficiency solar plants. In addition, for the year 2021, India produced 49.3 GW (gigawatts) of renewable solar energy. Therefore, the rising number of solar energy installations is driving the growth of the flat glass market.
Competitive Landscape:
Major companies operating in the flat glass market report are Sisecam Group, AGC Inc., Fuyao Glass Industry Group Co. Ltd., Vitro S.A.B. de C.V., Compagnie de Saint-Gobain S.A., Cardinal Glass Industries Inc., Nippon Sheet Glass Co. Ltd, CSG Holding Co. Ltd., China Glass Holding Ltd., Central Glass Co. Ltd., Cevital Group, Euroglas, Guardian Industries, ÅžiÅŸecam Group, Sangalli Vetro Manfredonia SpA, Etex, Xella Group, Radman's Building Services, Knauf Gips KG, Dry Construction Limited, Pietta glass, Simeko, Salavatsteklo, GC America, Guardian Glass LLC, Xinyi Auto Glass, Dillmeier Glass Company, Trulite Glass & Aluminum Solutions, NSG Group, Corning Incorporated, Schott AG, Arabian Processing Glass, Laval, Al-Saeed Glass & Panel, Emirates Glass, Arabian United Float Glass Company, PPG Industries Inc, Phoenicia Flat Glass Industries Ltd, Koch Industries Inc, Kaveh Glass Group, Ghazvin Glass Co.
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Top Trend - Innovative Solutions Take Center Stage As Flat Glass Market Witnesses Surge In New Product Developments
New product innovations have emerged as the key trend gaining popularity in the flat glass market. Major companies operating in this market are focused on new product innovations to reinforce their position. For instance, in June 2021, Nippon Sheet Glass, a Japan-based company that manufactures different types of glass, launched its antibacterial and antiviral coated glass, called NSG Purity. These glasses come with an antiviral and antibacterial coating, kill 99.9% of viruses and bacteria, and do not allow bacteria to enter homes. These glasses help keep homes more hygienic.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flat Glass Market Characteristics
3. Flat Glass Market Trends And Strategies
4. Flat Glass Market - Macro Economic Scenario
5. Flat Glass Market Size And Growth
…..
27. Flat Glass Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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