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Flat Glass Market by Type, End-user, Raw Materials, and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR43357
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The flat glass market share is expected to increase by 23.86 million metric tons from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 5%. 

This flat glass market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers flat glass market segmentation by type (float glass, sheet glass, and rolled glass), geography (APAC, Europe, North America, MEA, and South America), end-user (construction, automotive, solar glass, and others), and raw materials (sand, soda ash, dolomite, and recycled and broken glass). The flat glass market report also offers information on several market vendors, including AGC Inc., Central Glass Co. Ltd., Compagnie de Saint-Gobain SA, CSG Holding Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Koch Industries Inc., Nippon Sheet Glass Co. Ltd., SCHOTT AG, Taiwan Glass Ind. Corp., and Vitro SAB De CV among others.

What will the Flat Glass Market Size be During the Forecast Period?

Flat Glass Market Size

Download the Free Report Sample to Unlock the Flat Glass Market Size for the Forecast Period and Other Important Statistics

 

Flat Glass Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising demand from solar energy sector is notably driving the flat glass market growth, although factors such as the high cost of flat glass may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flat glass industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Flat Glass Market Driver

One of the key factors driving growth in the flat glass market is the demand from the solar energy sector. Manufacturing of solar PV systems requires various materials such as aluminum, silver, glass, steel, and stainless steel. Aluminum is an essential material used in solar PV systems due to its lightweight, high strength, thermal and electrical conductivity, and corrosion resistance properties. Owing to such properties, the demand for aluminum as aluminum extrusions and panel frames in solar PV systems, including concentrating solar power, photovoltaic solar energy, and solar thermal collections, is expected to increase. Thus, all these factors are expected to accelerate the growth of the aluminum market during the forecast period.

Key Flat Glass Market Trend

The increased construction of green buildings is a flat glass market trend that is expected to have a positive impact in the coming years. The construction, establishment, and subsequent services of a building consume substantial amounts of energy. Buildings consume approximately 40% of global energy consumption. It is expensive to generate this quantity of energy for regular operations in a building. Moreover, buildings emit the maximum greenhouse gases. This highlights the need for appropriate energy-efficient buildings and green buildings that are ergonomically designed to consume minimal amounts of energy. Green buildings have introduced advances in the construction industry. Such buildings minimize energy consumption and efficiently utilize the available energy to meet all their requirements. The use of flat glass reduces the use of construction materials for walls and roofs, and it provides cost efficiency and an attractive look for the buildings. We expect green building construction to grow significantly during the forecast period, which can be attributed to the growing awareness of global warming and climate change. Such developments may boost the market prospects for energy-efficient buildings, which will increase the use of flat glass for walls, roofs, and interiors during the forecast period.

Key Flat Glass Market Challenge

The high cost of flat glass will be a major challenge for the flat glass market during the forecast period. The manufacturing of flat glass involves high-energy- and high-temperature-utilizing activities. Flat glass is more expensive than its substitutes, such as plastic-based wall and roof materials. A large amount of the energy consumed in the manufacturing of glass can be attributed to the combustion of natural gas, which is used to heat furnaces to melt the raw materials needed to manufacture glass. These furnaces mostly operate on natural gas, which increases the cost of production of flat glass. In addition, flat glass is incorporated with extra coatings to provide resistance to rust, temperature variations, seismic forces, water, and air. All these factors add to the cost of the production of flat glass. Regional players, especially those in APAC, offer low-cost products to cater to the needs of local end-users.

This flat glass market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global flat glass market as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the flat glass market during the forecast period.

Who are the Major Flat Glass Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AGC Inc.
  • Central Glass Co. Ltd.
  • Compagnie de Saint-Gobain SA
  • CSG Holding Co. Ltd.
  • Fuyao Glass Industry Group Co. Ltd.
  • Koch Industries Inc.
  • Nippon Sheet Glass Co. Ltd.
  • SCHOTT AG
  • Taiwan Glass Ind. Corp.
  • Vitro SAB De CV

 

This statistical study of the flat glass market encompasses successful business strategies deployed by the key vendors. The flat glass market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • AGC Inc - The company offers flat glass, which is used in construction, automotive, and other end-user industries.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The flat glass market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Flat Glass Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the flat glass market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the construction materials market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Flat Glass Market?

Flat Glass Market Market segmentation by region

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65% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for flat glass in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rise in the construction of buildings, malls, commercial complexes, offices, hospitals, data centers, and telecom centers will facilitate the flat glass market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Flat Glass Market?

Flat Glass Market Segmentation

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The flat glass market share growth by the float glass segment will be significant during the forecast period. Float glass is an extremely smooth, distortion-free glass, which is used in windows. Float glass offers superior properties such as a high degree of light transmission, the ability to be produced in a range of colors, the ability to be produced in a range of opacities, and good chemical inertness. The price of float glasses depends on their thickness and optical clarity. The demand for float glasses is expected to increase during the forecast period owing to their superior properties.

This report provides an accurate prediction of the contribution of all the segments to the growth of the flat glass market size and actionable market insights on post COVID-19 impact on each segment.

 

Flat Glass Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2020-2024

23.86 mn MT

Market structure

Fragmented

YoY growth (%)

3.64

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 65%

Key consumer countries

China, US, India, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AGC Inc., Central Glass Co. Ltd., Compagnie de Saint-Gobain SA, CSG Holding Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Koch Industries Inc., Nippon Sheet Glass Co. Ltd., SCHOTT AG, Taiwan Glass Ind. Corp., and Vitro SAB De CV

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Flat Glass Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive flat glass market growth during the next five years
  • Precise estimation of the flat glass market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the flat glass industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of flat glass market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five force summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user by Volume

    • Market segments by volume
    • Comparison by End-user by volume
    • Construction - Market size and forecast 2019-2024
    • Automotive - Market size and forecast 2019-2024
    • Solar glass - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by End-user by volume

    Market Segmentation by Type by Volume

    • Market segments by volume
    • Comparison by Type by volume
    • Float glass - Market size and forecast 2019-2024
    • Sheet glass - Market size and forecast 2019-2024
    • Rolled glass - Market size and forecast 2019-2024
    • Market opportunity by Type volume

    Market Segmentation by Raw Materials

    • Market segment by raw materials

    Customer landscape

      Geographic Landscape by Volume

      • Geographic segmentation by volume
      • Geographic comparison by volume
      • APAC - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • North America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography by volume
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AGC Inc.
      • Central Glass Co. Ltd.
      • Compagnie de Saint-Gobain SA
      • CSG Holding Co. Ltd.
      • Fuyao Glass Industry Group Co. Ltd.
      • Koch Industries Inc.
      • Nippon Sheet Glass Co. Ltd.
      • SCHOTT AG
      • Taiwan Glass Ind. Corp.
      • Vitro SAB De CV

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Flat Glass market growth will increase by $23.86 million MT during 2019-2024.
      The flat glass market is expected to grow at a CAGR of 4.89% during 2019-2024.
      Technavio has segmented the flat glass market by end user volume (Construction, Automotive, Solar glass, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
      AGC Inc., Central Glass Co. Ltd., Compagnie de Saint-Gobain SA, CSG Holding Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Koch Industries Inc., Nippon Sheet Glass Co. Ltd., SCHOTT AG, Taiwan Glass Ind. Corp., Vitro SAB De CV are a few of the key vendors in the flat glass market.
      APAC will register the highest growth rate of 64.63% among the other regions. Therefore, the flat glass market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • India
      • Japan
      • UK
      • Germany
      The key factors driving the flat glass market growth are:
      • Demand from the solar energy sector
      The flat glass market vendors should focus on grabbing business opportunities from the construction segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Five-force market analysis

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