Flat Glass Market size was valued at US$ 275.42 Bn. in 2021 and the total revenue is expected to grow at 3.6 % through 2021 to 2029, the Flat Glass market is reaching nearly US$ 365.48 Bn in 2029.
Global Flat Glass Market Overview:Flat glass is often used to make windows, doors, mirrors, and solar panels. It is also known as sheet or plate glass. Sand, soda ash, and silica are melted into a liquid and then distributed to the desired thickness. To obtain the required result, the molten liquid is cooled. To assure structural robustness, flat glass is created by regulated heat and chemical reactions. Despite this, once manufactured, flat glass is extremely adaptable and customizable. A flat glass plant is expensive to build: Pilkington predicted that a new facility would cost between €70 million and €200 million in 2019. It is built to run 24 hours a day, seven days a week, 365 days a year. It has a campaign life of up to 15 years and operates 365 days a year. Plants, on average, do not become lucrative until they have a profit margin of more than 70% Use of capacity To know about the Research Methodology :- Request Free Sample Report
Global Flat Glass Market Dynamics:The largest end-user sector is the building and construction industry. Over the last few years, various architectural advancements have boosted product demand. The material utilised in these applications has a number of benefits, including light transmission, absorption, and refraction; weather resistance; rust resistance; dust resistance; cost and energy efficiency; greater insulation; a variety of colour possibilities; and the ability to be shaped into any shape. The demand for the luxury buildings has increased as a result of rising disposable income and a growing desire for aesthetic appeal in interiors, which is expected to support market growth. Greystar Real Estate Partners, LLC, for example, partnered CPP Investments and Cyrela in the development of the Brazilian Multifamily Property Sector in So Paulo in September 2021. Greystar is making its foray into the expanding Brazilian rental property sector with this investment. The global market was obstructed in 2021 due to the pandemic, which resulted in obligatory factory shutdowns, followed by tight restrictions requiring enterprises to function at minimum capacities, interrupting the demand-supply cycle. The pandemic had a negative impact on the sales of several glass makers. For example, in the first half of 2021, Fuyao Glass Industry Group Co.'s U.S. subsidiary reported a financial loss of 92.1 million yuan (USD 13.4 million)
Recycling of Flat Glass -There are two sources of flat glass cullet. Production cullet is formed at the cold end of the manufacturing process, such as on cutting or pressurising equipment. Because this cullet is so identical to the original flat glass, the processor can nearly put it back into the flat glassmaker. This is no longer as simple once coatings, lamination, or other functionalities have been applied. It gets even more challenging with architectural elements, which are the second most common source of flat glass cullet. Flat glass from the automotive industry, façade glass, and window elements are all putting a lot of pressure on recycling organisations. Laminate glasses are made up of a wide range of materials, from PVB foils and liquid crystal layers to metals. Simultaneously, there are few procedures that allow these glass products to be gathered and prepared in a traceable manner on a national or European level. Cullet makes up 26% of the raw materials needed to make flat glass in Europe, according to the latest estimates. According to current estimates, the present potential for cullet utilisation is limited to a maximum of 37 % due to technological, infrastructural, and economic constraints.
Global Flat Glass Market Segments:The Flat Glass market is sub-segmented into Product and Application Based on Product, the market is sub-segmented into Basic, Tempered, Laminated, Insulated, and others. In terms of volume, the insulated product segment dominated the global market, accounting for more than 44.0 % in 2021. The demand for curtain walls, storefronts, overhead glazing, non-vision places, and commercial and operable windows is expected to continue to drive the segment's growth. Manufacturers have been forced to expand their manufacturing capacities in response to rising demand. Pilkington IGP, for example, showed interest in expanding its production unit in Ostroleka, Poland, to meet increased demand for highly specialised goods in the architectural and construction industries in February 2021. Tempered glass is another important product category, with uses in cookware, mobile phone screens, architectural elements, shower doors, and windows, among others. The demand for tempered products is increasing, hence production has increased. For example, Tomakk Glass Partners announced the opening of a tempered glass production factory in Shreveport, Louisiana, in August 2021 to meet the growing demand from commercial, residential, and architectural applications. Based on Application, the market is sub-segmented into Architectural, Automotive and Others. In 2021, the architectural application category accounted for more than 72 % of total revenue. Due to increased building activities and infrastructural advancements as a result of fast urbanisation and a growing population around the world, the category will rise at a steady CAGR from 2021 to 2029. As a result, the expanding construction industry is expected to boost product demand. The product is used in car windows, doors, windshields, side panels, sunroofs, and lighting in the automotive industry. Due to a drop in global vehicle manufacturing, the automotive application industry has seen moderate growth in recent years. However, rising demand for electric vehicles (EVs), as well as an increase in the number of traffic accidents, is expected to drive product usage in automotive applications.
Global Flat Glass Market Regional Insights:In 2021, Asia Pacific dominated the market, accounting for about 61.0 % of worldwide revenue. Over the forecast period, infrastructure upgrades in the region's growing countries are likely to drive market growth. Southeast Asia is also one of the developing regional markets, with countries such as China and Japan beginning to invest there. Between 2000 and 2019, Japan sponsored over USD 230 billion in projects, while China invested approximately USD 155 billion in Southeast Asia's infrastructure. North America's construction activities were hampered, particularly in the first half of 2021; however, the market in the United States saw a small recovery in the second half of 2021, owing to an increase in residential construction activity. According to the US Census Bureau, the number of new privately-owned housing units completed in the Southern United States increased by 6.7 percent from 2020 to 2021. This growing tendency is predicted to continue in the following years, resulting in increased product demand. The Middle East and Africa are likely to be among the market's fastest-growing areas. However, due to the epidemic, the region's growth slowed in 2021. The regional market, on the other hand, is likely to soon rebound. For example, a Dubai-based investment bank set aside USD 1 billion in December 2021 to fund ongoing development projects in the Middle East and Africa. This is encouraging news for the region's overall market. The objective of the report is to present a comprehensive analysis of the global Flat Glass market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Flat Glass market dynamics, structure by analyzing the market segments and projecting the global Flat Glass market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Flat Glass market make the report investor’s guide.
Global Flat Glass Market Scope: Inquire before buying
• North America • Europe • Asia Pacific • The Middle East and Africa • South America
Global Flat Glass Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 275.42 Bn. Forecast Period 2022 to 2029 CAGR: 3.6 % Market Size in 2029: US $ 365.48 Bn. Segments Covered: by Product • Basic • Tempered • Laminated • Insulated • Others by Application • Architectural • Automotive • Others by Type • Clear Glass • Tinted Glass • Textured Glass • Others
Global Flat Glass Market, key player• Asahi Glass Company • AVIC Sanxin • AGC Flat Glass (Dalian) Co. Ltd • China Glass Holdings Ltd • China Southern Glass Holding Co. Ltd • China Yaohua Glass Group Corporation • Fu Yao Group • JYSP • Taiwan Glass Industry Corporation • Xinyi Glass Holdings Limited • Nippon Sheet Glass • Guardian Industries • Saint-Gobain Hanglass Nanjing Co. Ltd. on (Canada) • Schott Glass • Euroglass • NSG • Others
Frequently Asked Questions:1) What was the market size of Global Flat Glass Market markets in 2021? Ans - Global Global Flat Glass Market was worth US$ 275.42 Bn in 2021. 2) What is the market segment of the Flat Glass Market? Ans -The market segments are based on Metal and Application. 3) What is the forecast period considered for Global Flat Glass Market? Ans -The forecast period for Global Flat Glass Market is 2022 to 2029. 4) What is the market size of Global Flat Glass Market markets in 2029? Ans – Global Flat Glass Market is estimated as worth US$ 365.48 Bn 5) Which region is dominated in Global Flat Glass Market? Ans -In 2021, the Asia Pacific region dominated the Global Flat Glass Market.
1. Global Flat Glass Market: Research Methodology 2. Global Flat Glass Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Flat Glass Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Flat Glass Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Flat Glass Market Segmentation 4.1 Global Flat Glass Market, by Product (2021-2029) • Basic • Tempered • Laminated • Insulated • Others 4.2 Global Flat Glass Market, by Application (2021-2029) • Architectural • Automotive • Others 4.3 Global Flat Glass Market, by Type (2021-2029) • Clear Glass • Tinted Glass • Textured Glass • Others 5. North America Flat Glass Market(2021-2029) 5.1 North America Flat Glass Market, by Product (2021-2029) • Basic • Tempered • Laminated • Insulated • Others 5.2 North America Flat Glass Market, by Application (2021-2029) • Architectural • Automotive • Others 5.3 North America Flat Glass Market, by Type (2021-2029) • Clear Glass • Tinted Glass • Textured Glass • Others 5.4 North America Flat Glass Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Flat Glass Market (2021-2029) 6.1. European Flat Glass Market, by Product (2021-2029) 6.2. European Flat Glass Market, by Application (2021-2029) 6.3. European Flat Glass Market, by Type (2021-2029) 6.4. European Flat Glass Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Flat Glass Market (2021-2029) 7.1. Asia Pacific Flat Glass Market, by Product (2021-2029) 7.2. Asia Pacific Flat Glass Market, by Application (2021-2029) 7.3. Asia Pacific Flat Glass Market, by Type (2021-2029) 7.4. Asia Pacific Flat Glass Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Flat Glass Market (2021-2029) 8.1 Middle East and Africa Flat Glass Market, by Product (2021-2029) 8.2. Middle East and Africa Flat Glass Market, by Application (2021-2029) 8.3. Middle East and Africa Flat Glass Market, by Type (2021-2029) 8.4. Middle East and Africa Flat Glass Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Flat Glass Market (2021-2029) 9.1. South America Flat Glass Market, by Product (2021-2029) 9.2. South America Flat Glass Market, by Application (2021-2029) 9.3. South America Flat Glass Market, by Type (2021-2029) 9.4 South America Flat Glass Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Asahi Glass Company 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 AVIC Sanxin 10.3 AGC Flat Glass (Dalian) Co. Ltd 10.4 China Glass Holdings Ltd 10.5 China Southern Glass Holding Co. Ltd 10.6 China Yaohua Glass Group Corporation 10.7 Fu Yao Group 10.8 JYSP 10.9 Taiwan Glass Industry Corporation 10.10 Xinyi Glass Holdings Limited 10.11 Nippon Sheet Glass 10.12 Guardian Industries 10.13 Saint-Gobain Hanglass Nanjing Co. Ltd. on (Canada) 10.14 Schott Glass 10.15 Euroglass 10.16 NSG 10.17 Others