Overview and Scope
Flat glass or sheet glass refers to a type of glass that is produced in a plane form and is manufactured by combining sand and other components in a liquid. Flat glass can also be used in architectural and automotive applications.
Sizing and Forecast
The flat glass market size has grown strongly in recent years. It will grow from $37.73 billion in 2023 to $40.26 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increasing industrialization and manufacturing and growth in solar energy installations.
The flat glass market size is expected to see strong growth in the next few years. It will grow to $51.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to the global population growth and urbanization, growth in the construction industry, growing demand for electronic displays and increasing investments. Major trends in the forecast period include focus on partnerships and collaborations, focus on artificial intelligence in flat glass manufacturing, focus on product innovations, focus on use of advanced digital camera systems in glass production and increasing focus on solar glass.
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Segmentation & Regional Insights
The flat glass market covered in this report is segmented –
1) By Product: Basic Float Glass, Toughened Glas, Coated Glass, Laminated Glass, Extra Clear Glass And Other Products
2) By Process: Float, Rolled Sheet
3) By End User: Construction And Infrastructure, Automotive And Transportation, Solar Energy And Other End-Use Industries
Asia-Pacific was the largest region in the flat glass market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flat glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising number of solar energy installations is expected to propel the growth of the flat glass market going forward. Solar energy refers to the energy that comes from the sun and is converted into thermal or electrical energy. Solar energy is the cleanest and most abundant renewable energy source. Flat glass is an essential element that is used in solar units, which helps in converting solar energy into electricity. For instance, according to the Indian Brand Equity Foundation, an India-based government agency, in December 2021, the Indian government allocated a budget of $2.57 billion to boost the manufacturing of high-efficiency solar plants. In addition, for the year 2021, India produced 49.3 GW (gigawatts) of renewable solar energy. Therefore, the rising number of solar energy installations is driving the growth of the flat glass market.
Key Industry Players
Major companies operating in the flat glass market report are 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, CSG Holding Co. Ltd., China Glass Holding Ltd., Central Glass Co. Ltd., Cevital Group, Euroglas, Guardian Industries, ÅžiÅŸecam Group, Sangalli Vetro Manfredonia SpA, Etex, Xella Group, Radman’s Building Services, Knauf Gips KG, Dry Construction Limited, Pietta glass, Simeko, Salavatsteklo, GC America, Guardian Glass LLC, Xinyi Auto Glass, Dillmeier Glass Company, Trulite Glass & Aluminum Solutions, NSG Group, Corning Incorporated, Schott AG, Arabian Processing Glass, Laval, Al-Saeed Glass & Panel, Emirates Glass, Arabian United Float Glass Company, PPG Industries Inc, Phoenicia Flat Glass Industries Ltd, Koch Industries Inc, Kaveh Glass Group, Ghazvin Glass Co.
The flat glass market report table of contents includes:
1. Executive Summary
2. Flat Glass Market Characteristics
3. Flat Glass Market Trends And Strategies
4. Flat Glass Market – Macro Economic Scenario
5. Global Flat Glass Market Size and Growth
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32. Global Flat Glass Market Competitive Benchmarking
33. Global Flat Glass Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Flat Glass Market
35. Flat Glass Market Future Outlook and Potential Analysis
36. Appendix
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