Uploaded on Dec 30, 2020
Flat Glass Market Scenario, Business Strategies And Emerging Market Segments
Flat Glass Market
Flat Glass Market Scenario, Business Strategies And Emerging Market Segments
Market Overview
Global flat glass market is expected to exhibit a CAGR of 6% over the forecast period, owing to
increasing government initiatives for production of flat glass. For instance, in India, government
initiatives and projects such as Smart Cities is positively impacting growth of infrastructure and
construction sectors, which is expected to boost demand for flat glass. Furthermore, the significant
growth of the automotive industry is a key factor which is expected to drive demand for flat glass.
For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2015
the global production of vehicles was 90,780,583 units, which increased to 95,634,593 units in
2018. However, the growth of the market is expected to be hampered by the increasing cost of raw
materials such as soda ash and silica sand amongst others.
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Market Dynamics
Among application, windows and glass doors segment is expected to hold the largest share in the
global flat glass market over the forecast period. For instance, according to the data released by
the U.S. Department of Housing and Urban Development in June 2019, the number of newly
completed residential buildings was around 900 thousands of units in May 2014, which increased to
1,200 thousands of units in May 2019. Thus increasing construction activities is expected to drive
demand for flat glass.
Among regions, Asia Pacific accounted for the largest market share in 2018, followed by Europe.
Moreover, flat glass market in Europe is expected to witness significant growth due to high energy
consumption and increasing concerns about CO2 emissions in the region. The products
manufactured using flat glass are capable of providing natural light and facilitating solar heat
transmissions. Flat glass is used for manufacturing windshields and backlights in automotive
vehicles, which helps in reducing the CO2 emissions and serves as a sustainable solution.
Detailed Segmentation:
•Global Flat Glass Market, By Glass Type:
•Tempered, Laminated & Annealed Glass
•Coated Glass
•Mirror Glass
•Others
•Global Flat Glass Market, By Application:
•Automotive Glasses
•Windows & Glass Doors
•Solar Panel
•Facade
•Others
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Key companies covered as a part of this study include, Agc Inc., Nippon Sheet Glass Co., Ltd,
Compagnie de Saint-Gobain S.A., Guardian Industries, China Glass Holdings Limited, Luoyang
Glass Company Limited, Fuyao Glass Industry Group Co., Ltd., CSG Holdings Co., Ltd., Euroglas
GmbH, Vitro, S.A.B. de C.V., Taiwan Glass Industry Corporation, Central Glass Co., Ltd., Cardinal
Glass Industries, Inc., PT. Mulia Industrindo, Tbk., KCC Corporation, Jinjing Group Co. Ltd.,
Kaveh Glass Industry Group, JSC Gomelsteklo, Xinyi Glass Holdings Limited, and Kibing Group.
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