Flat Glass Market was valued at USD 122.8 billion in 2020 and is forecast to touch USD 182.8 billion in 2028, and the market is expected to grow at a CAGR 5.1%

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Market Dynamic

Key Drivers and Emerging Trends

Increasing application of flat glass across several end-use industries such as architectural, construction, and automotive, owing to its remarkable features such as flexibility and reusability, is one of the key drivers propelling the flat glass market size. Flat glass maximizes the use of natural light in buildings; thus, with the growing concerns about energy efficiency, manufacturers have started deploying flat glasses, raising the market growth. For example, the company AGC Inc. earned US$ 20.5 billion in operating profit from its glass business, which represents profitable growth opportunities for the glass industry in the upcoming years. Other factors which include rising concern for the environment, ongoing innovations in technology, stringent government norms, and the decrease in solar installation costs will fuel the market growth. Further, the increasing number of solar energy installations and the rising penetration of glass architecture across the residential and non-residential constructions have raised the global flat glass market growth. The exceptional advantages of flat glass, including dust, weather resilience, better absorption, cost efficiency, energy-saving, flexibility, and transmission, have surged the market demand. As per the Glass Alliance Europe, the demand and supply of flat glass have increased by 0.2% and 4.6% from the 2017-to-2018 period, resulting in overall market expansion.

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Product – Segment Analysis

Tempered glass is forecast to lead the market with the highest share over the forecast period, owing to its mechanical strength and ability to withstand high temperatures. In addition, as per the flat glass market forecast, increasing initiatives by the leading players like proliferation in the production capability and continuous product launches have contributed to the market growth. The use of tempered glass in different applications like mobile phone screens, doors, windows, and cookware, has stimulated the segment’s growth. For example, GUARDIAN INDUSTRIES, in 2017, disbursed over US$ 1.5 mn for the development of a glass facility of 1,000 metric tons in Poland.

End-Use Industry – Segment Analysis

Building & construction sector will dominate the market during the coming years, owing to the rapid urbanization and industrialization across developing countries like China and India. Also, the accelerating penetration of smart technologies and advanced construction practices will raise the market growth. As per the Brand Equity Foundation, electronics hardware is foreseen to witness a demand of USD 400 billion by 2024-2025.

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Regional – Segment Analysis:

Asia-Pacific is predicted to hold the largest share over the forecast period due to the rising infrastructural development. Other factors, including expansion in residential construction activities and increasing investment by the government, have stimulated market growth. As per the U.S. Census Bureau, the development of new privately-owned housing units increased by 6.7% from 2019 to 2020 in the Southern U.S., contributing to the market growth.

Top Market Players

Leading players operating in the flat glass market include Central Glass Co., Ltd., AGC Inc., Cevital, China Glass Holdings Limited, Fuyaogroup.com, AS AMENDED GUARDIAN INDUSTRIES, Euroglas GmbH, Nippon Sheet Glass Co., Ltd, SAINT-GOBAIN, and Corning Incorporated, among others.

Key Developments:

• • In 2020, Corning Incorporated entered into a strategic partnership with LG Electronics Vehicle Component Solutions to industrialize Corning ColdForm Technology for curved automotive interior display systems.

Segments covered in the Report:

The global flat glass market has been segmented on the basis of product, end-use industry, and regions. Based on product, the market is segmented into laminated, tempered, basic float, and insulating. Based on end-use industry, the market is segmented into building and construction, automotive, consumer goods, and solar. 

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Key questions answered in this research report:

• • At what pace is the global flat glass market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the flat glass market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global flat glass market?
  • Which product generated maximum revenues in 2020 and identify the most promising product during the forecast period?
  • What are the various end-use industry areas of the global flat glass market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2020)	USD 122.8 Billion
Market Base Year	2020
Market Forecast Period	2021-2028
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By product, By end-use industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	AGC Inc., Central Glass Co., Ltd., Cevital, China Glass Holdings Limited, Euroglas GmbH, Fuyaogroup.com, AS AMENDED. GUARDIAN INDUSTRIES, Nippon Sheet Glass Co., Ltd, SAINT-GOBAIN, Corning Incorporated, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Flat Glass Market by Product

• • Laminated
  • Tempered
  • Basic Float
  • Insulating

Global Flat Glass Market by End-Use Industry

• • Building and Construction
  • Automotive
  • Consumer Goods
  • Solar

Global Flat Glass Market by Region

• • North America Flat Glass Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Flat Glass Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Flat Glass Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Flat Glass Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Flat Glass (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AGC Inc.
  • Central Glass Co., Ltd.
  • Cevital
  • China Glass Holdings Limited
  • Euroglas GmbH
  • com
  • AS AMENDED. GUARDIAN INDUSTRIES
  • Nippon Sheet Glass Co., Ltd
  • SAINT-GOBAIN
  • Corning Incorporated