Global Flat Glass Market Size 2024, Forecast To 2033
11 Mar, 2024
The flat glass market size has seen robust growth, climbing from $37.73 billion in 2023 to $40.26 billion in 2024, with a compound annual growth rate (CAGR) of 6.7%. The historic period's growth is attributed to strong economic growth in emerging markets, increasing industrialization and manufacturing, and growth in solar energy installations. Looking forward, the flat glass market is poised for strong growth, reaching $51.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. This growth in the forecast period is driven by global population growth and urbanization, expansion in the construction industry, growing demand for electronic displays, and increased investments. Major trends include a focus on partnerships and collaborations, integration of artificial intelligence in flat glass manufacturing, product innovations, utilization of advanced digital camera systems in glass production, and increased focus on solar glass.
Global Flat Glass Market Key Driver
The increasing number of solar energy installations is anticipated to fuel the growth of the flat glass market moving forward. Solar energy, harnessed from the sun and converted into thermal or electrical energy, stands as a clean and abundant renewable energy source. Flat glass plays a crucial role in solar units, aiding in the conversion of solar energy into electricity. Notably, the Indian government's allocation of a $2.57 billion budget in December 2021 to boost high-efficiency solar plant manufacturing highlights the commitment to solar energy development. Moreover, India produced 49.3 GW of renewable solar energy in 2021. Hence, the rising trend of solar energy installations emerges as a driving force behind the growth of the flat glass market, with market sizes in 2023, 2024, and 2028 shaping its progression.
Get A Free Sample Of The Global Flat Glass Market ReportGlobal Flat Glass Market Segments
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
By Geography:The regions covered in the flat glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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.
Major Flat Glass Industry Players
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.
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Flat Glass Market Overview
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.
Flat Glass Global Market Report 2023 provides data on the global flat glass market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The flat glass market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.