Press release
Surging Demand Driving Global Flat Glass Market Towards $52.83 Billion By 2029, With A CAGR Of 5.4%
Flat Glass Market
What Is The Projected Market Size Of The Global Flat Glass Market And Its Growth Rate?
• The Flat glass market grew from $40.37 billion in 2024 to $42.87 billion in 2025 at a CAGR of 6.2%.
• The forecast period shows strong growth, reaching $52.83 billion in 2029 at a CAGR of 5.4%.
• Major factors driving historic growth include economic growth in emerging markets, industrialization, solar energy installations.
• The forecast growth is driven by population growth, urbanization, construction industry growth, demand for electronic displays, and increasing investments.
What Is Driving The Growth In The Flat Glass Market?
The rising number of solar energy installations is spurring the growth of the flat glass market. Solar energy, being the cleanest and most abundant renewable energy source, utilizes flat glass in solar units for electricity conversion. In 2024, the US installed 6.1 GW of solar power in the first quarter, a 47% increase from Q1 in 2022. This rising trend of solar installations continues to push the growth of the flat glass market.
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Who Are the Key Players Driving Flat Glass Market Growth?
• 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
What Are The Key Trends In The Flat Glass Market?
• Partnerships and collaborations
• Artificial intelligence in flat glass manufacturing
• Product innovations
• Use of advanced digital camera systems in glass production
• Increasing focus on solar glass
What Are The Segments Of The Global Flat Glass Market?
• By Product: Basic Float Glass, Toughened Glass, Coated Glass, Laminated Glass, Extra Clear Glass, and Other Products
• By Process: Float, Rolled Sheet
• By End User: Construction and Infrastructure, Automotive and Transportation, Solar Energy and Other End-Use Industries
Which Region Leads The Flat Glass Market?
In 2024, Asia-Pacific was the dominant region in the flat glass market, and it is expected to remain the fastest-growing region during the forecast period. The report covers multiple regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Flat Glass Market Global Market Report?
- Market Size Analysis: Analyze the Flat Glass Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Flat Glass Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Flat Glass Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Flat Glass Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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