Flat Glass Market Share, Size, Trends, Industry Analysis Report, By Type (Organic, Inorganic); By Form; By Ingredient; By Application; By Region; Segment Forecast, 2024- 2032
- Published Date:Jan-2024
- Pages: 114
- Format: PDF
- Report ID: PM1211
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global flat glass market size and share was valued at USD 193.77 billion in 2023 and is expected to grow at a CAGR of 5.50% during the forecast period.
Flat glass, commonly known as plate glass, is manufactured in a flat shape and is widely used in windows, glass doors, windshields, and see-through walls. Plate glass is bent after production for specific applications in the automotive and architecture industries. Most flat glass is produced using the float method and is soda-lime glass.
Glass has unquestionably appended its place in the arena of architecture and interior designing, possessing no contenders to provoke its fluid, elegant allure, and inventive convenience. Flat glass is made by thawing the preceding pieces in a 1600 degrees Celsius warmed-up furnace and then cascading them onto a superficial bath of molten tin. The molten glass is permitted to cool on the tin by rolling itself out to configure a flat surface. Succeeding cooling, the glass pane freezes and compresses out evenly. Rollers manage on the apex of the glass’s surface to heave and unbend it out in case a slight finish is needed.
Characteristics of flat glass include its availability in many tints. It has the potential to fabricate multiple scopes of brightness. One can select amidst bronze, green, grey, blue, and so on. The flat glass market sales are soaring as tinted annealed glass permits an enjoyable aggregate of natural light to drizzle through but behaves as a dense barricade between the person and the beam to retain oneself secure from ultraviolet rays and infrared rays.
The market research report offers an in-depth analysis of the industry to support informed decision-making. It offers a meticulous breakdown of various market niches and keeps readers updated on the latest industry developments. Along with tracking the flat glass market on the basis of SWOT and Porter’s Five Forces models, the research report includes graphs, tables, charts, and other pictorial representations to help readers understand the key insights and important data easily.
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This type of glass contains more magnesium oxide and sodium oxide than container glass, and less calcium oxide, silica, and aluminum oxide.
For instance, in May 2022, Saint-Gobain, a company that produces flat glass, has recently made a big announcement. They achieved zero carbon production, making them the first company in their industry to do so. This was made possible by using only 100% green energy and recycled glass (cullet). The implementation of these practices took place at the company's flat glass manufacturing facility located in Aniche, which is in northern France. This achievement is part of the company's commitment to reach carbon neutrality by 2050.
Flat glass is a versatile material used in buildings that offers several benefits. It provides protection from harmful UV radiation, as well as thermal and acoustic insulation. Its use in buildings promotes energy efficiency by allowing natural light to enter. Governments have established regulations to promote green buildings, which has increased demand for this type of glass. Additionally, due to its unique properties such as high strength, low reflection, and high transmissibility, flat glass is increasingly being used in solar panels. As the world looks to harness renewable energy, governments are investing in solar energy plants, which is driving the growth of the flat glass market.
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Government regulations on carbon emissions pose a significant challenge to the growth of the flat glass market. The process of melting materials to produce flat glass generates carbon dioxide, sulfur oxides, and nitrous oxides, which are harmful to the environment. These gases contribute to acidification, smog formation, and environmental pollution. Moreover, the evaporation of raw materials and molten glass produces particles that harm both humans and animals. The above factors may impede the growth of the flat glass market.
The research study provides a comprehensive analysis of the industry, assessing the market on the basis of various segments and sub-segments. It sheds light on the competitive landscape and introduces Flat Glass Market key players from the perspective of market share, concentration ratio, etc. The study is a vital resource for understanding the growth drivers, opportunities, and challenges in the industry.
Growth Drivers
The Growth in Construction and Infrastructure Activities is Expected to Drive the Progress of the Market
The demand for Flat Glass has increased due to growing construction activities and infrastructural development. It is used in multiple applications such as roofs, windows, facades, and internal partitions. Flat Glass offers excellent properties such as thermal and acoustic insulation to the building structures, which creates a demand for different flat glass products in the construction industry. The installation of this type of Glass in commercial buildings for energy conservation by maximizing the use of natural light is also becoming popular, thanks to rapid industrialization. This trend is expected to drive the market growth in the coming years.
Report Segmentation
The market is primarily segmented based on Type, Product Type, Application, and region.
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By Type |
By Product Type |
By Application |
By Region |
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By Type Analysis
Float Glass Segment is Accounted to Be the Largest During the Forecast Period
As, Float glass is further processed to make it suitable for use in architectural and automotive applications. This includes lamination, coating, and heat treatment. The construction industry has a high demand for glass that is coated with a metal oxide coating. This type of glass is used in residential and commercial buildings because it offers glare control, low solar heat gain, and blocks UV radiation. Coated glass can be customized to meet specific needs. The float glass market is expected to grow during the forecast period, primarily due to the increasing demand for its unique properties. This demand is driving growth in the floating segment.
On the other hand, the sheet glass segment is expected to exhibit demand in the market due to its features such as high-grade smooth finish, transparency, better flatness, and micro-roughness thus showing significant growth in the market.
By Product Type Analysis
Laminated Segment Accounted for the Largest Market Share in 2022
Laminated glass is designed to stay intact even when it breaks, preventing injury. It protects against harmful UV rays and has a PVB layer sandwiched between two glass layers, which provides acoustic insulation. Due to its unique properties, the demand for laminated glass in the construction and automotive industries is increasing rapidly.
Moreover, the segment coated with special materials is experiencing growth due to its unique properties, including improved insulation, anti-reflection, hydrophobicity, and self-cleaning characteristics. Coated glass helps retain heat and enhance solar gain, thereby supporting the growth of the market.
By Application Analysis
Architecture Segment Resulted in the Highest Share in 2022
The increase in population, urbanization, and disposable income has led to a rise in construction activities and infrastructural development worldwide. One type of glass that is widely used in architectural applications is known for its acoustic insulation, heat insulation, anti-reflection, and selective solar wavelength transmission properties. It is commonly used indoors, in windows, and facades. The high demand from the construction industry is the main reason for the growth of this market.
The global demand for this type of glass is increasing rapidly, especially due to the growing demand from the automotive industry. This glass is used in windshields, mirrors, and rooftops for aesthetic purposes. The automotive industry is experiencing significant growth, which is driving the demand for this type of glass. As a result, consumers are spending more on automobiles, further contributing to the industry's growth.
Regional Insights
North America Region Dominated the Global Market in 2022
Governments' investments in construction activities and infrastructural development have fueled the growth of the market. China, being the largest contributor to demand, has further driven the market's expansion. In North America, the market is characterized by government regulations aimed at promoting energy-efficient buildings.
The demand for flat glass in Europe is set to increase due to high demand from the automotive industry, which is centered in Europe.
Key Market Players & Competitive Insights
The Flat Glass market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market include:
- AGC Inc.
- Central Glass
- CSG Holdings Co. Ltd.
- Fuyao Glass Industry Group
- Guardian Industries
- NSG Group
- Saint-Gobain
- ecam Group
- Taiwan Industry Glass Corporation
- Vitro, S.A.B. De CV
Recent Developments
- In February 2023, AGC has recently announced a partnership with Saint-Gobain to develop a unique range of flat glass that can greatly reduce its CO2 emissions. The project will involve the modification of AGC's patterned glass production line in the Czech Republic, which will use a combination of oxygen gas and electricity to replace the current technology that relies entirely on natural gas. This transformation will result in 50% of the production line being powered by an oxygen-gas combination and the other 50% being electrified.
- In April 2023, Nippon Sheet Glass announced that it plans to upgrade a glass furnace at the Merseyside facilities of its subsidiary, Pilkington United Kingdom Limited. This upgrade will involve relocating the current rolled glass production line to a float furnace in the same town in the UK. The aim is to enable simultaneous production of float glass and rolled glass on two lines, resulting in a sustainable reduction of 15,000 tons of carbon emissions annually. This move aligns with the company's efforts to promote sustainability.
Flat Glass Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 203.84 billion |
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Revenue Forecast in 2032 |
USD 311.87 billion |
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CAGR |
5.50% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments Covered |
By Type, By Product Type, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
Explore the landscape of flat glass in 2024 through detailed market share, size, and revenue growth rate statistics meticulously organized by Polaris Market Research Industry Reports. This expansive analysis goes beyond the present, offering a forward-looking market forecast till 2032, coupled with a perceptive historical overview. Immerse yourself in the depth of this industry analysis by acquiring a complimentary PDF download of the sample report.
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FAQ's
The global Flat Glass market size is expected to reach USD 311.87 billion by 2032.
Key players in the flat glass market are AGC Inc., Central Glass, CSG Holdings Co. Ltd., Fuyao Glass Industry Group.
North America contribute notably towards the global flat glass market.
The global Flat Glass market is expected to grow at a CAGR of 5.4% during the forecast period.
The flat glass market report covering key segments are Type, Product type, Application, and region.
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