Press release
Flat Glass Market Forecast 2024-2032: Trends Shaping Growth, Key Opportunities & Strategic Moves
Flat Glass Market
The global flat glass market size was valued at USD 193.77 billion in 2023 and is expected to grow to USD 311.87 billion by 2032, at a CAGR of 5.50% from 2024 to 2032.
Market Overview
Plate glass, flat glass, or sheet glass is a type of glass produced in plane form, commonly used for windows, glass doors, transparent walls, and windscreens. For modern architectural and automotive applications, the flat glass is sometimes bent after the production of the plane sheet. Flat glass stands in contrast to container glass used for bottles, jars, and cups and glass fiber used for thermal insulation, fiberglass composites, and optical communication. Flat glass has more magnesium oxide and sodium oxide content than container glass and minimal silica, calcium oxide, and aluminum oxide content.
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Growth Drivers
✅ The demand for flat glass has surged due to growing construction activities and infrastructural development. It is used in various applications, such as roofs, windows, facades, and internal partitions.
✅ Flat glass offers superior properties such as thermal and acoustic insulation to the building structures, which creates a demand for different flat glass products in the construction industry. The installation of this type of lass in commercial buildings for energy conservation by maximizing the use of natural light is also becoming popular due to rapid industrialization. This trend is expected to drive the market growth in the coming years.
Major Market Participants
Being a lucrative market, the flat glass market sees the entry of numerous new players as well as the further establishment of major companies in this opportunistic market as market demand has propelled it even further. Some of the key market players are:
• AGC Inc.
• Central Glass
• CSG Holdings Co. Ltd.
• Fuyao Glass Industry Group
• Guardian Industries
• NSG Group
• Saint-Gobain
• ecam Group
• Taiwan Industry Glass Corporation
• Vitro, S.A.B. De CV
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Flat Glass Market Report Highlights
📚 During the forecast period, the float glass segment is expected to be the largest. This is due to the fact that float glass is processed further to make it suitable for use in architectural and automotive applications, which involves lamination, coating, and heat treatment. The construction industry has a high demand for glass that is coated with a metal oxide coating.
📚 In 2022, the largest market share was held by the laminated glass segment. This type of glass is designed to remain in one piece even when it shatters, preventing injuries. It is equipped with a PVB layer sandwiched between two glass layers, which offers protection against harmful UV rays and provides acoustic insulation. The unique properties of laminated glass have led to a significant rise in demand for it in the construction and automotive industries.
📚 In 2022, the architecture segment had the highest share. This is due to the global increase in population, urbanization, and disposable income, which has resulted in a rise in construction activities and infrastructural development. Architectural applications widely use a type of glass that is known for its acoustic insulation, heat insulation, anti-reflection, and selective solar wavelength transmission properties.
📚 Asia Pacific region dominated the global market in 2022
📚 Governments' investments in construction activities and infrastructural development have fueled the growth of the market. China, being the largest contributor to demand, has further driven the market's expansion.
Segmental Analysis
• The flat glass market is segmented based on product type, type, application, and region.
• Based on type, the market is categorized into float, sheet, and rolled.
• By product, the market is divided based on coated, extra clear, laminated, toughened, and others. The laminated segment accounted for the largest market share in 2022.
Flat Glass Market, Product Type Outlook (Revenue - USD Billion, 2019-2032)
• Coated
• Extra Clear
• Laminated
• Toughened
• Others
Flat Glass Market, Type Outlook (Revenue - USD Billion, 2019-2032)
• Float
• Sheet
• Rolled
Flat Glass Market, Application Outlook (Revenue - USD Billion, 2019-2032)
• Architecture
• Automotive
• Solar panels
• Others
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Regional Overview
Flat Glass Market, Regional Outlook (Revenue - USD Billion, 2019-2032)
➽ North America
» Product Type Outlook
» Coated
» Extra Clear
» Laminated
» Toughened
» Others
» Type Outlook
» Float
» Sheet
» Rolled
» Application Outlook
» Architecture
» Automotive
» Solar panels
» Others
➽ Europe
» Product Type Outlook
» Coated
» Extra Clear
» Laminated
» Toughened
» Others
» Type Outlook
» Float
» Sheet
» Rolled
» Application Outlook
» Architecture
» Automotive
» Solar panels
» Others
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