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The Global Flat Glass Market size is forecast to increase by 34.3 million T at a CAGR of 5.38% between 2022 and 2027. The growth of the market depends on several factors, including demand from the solar energy sector, increasing demand for flat glass from the automotive industry, and investments in construction projects globally. This market research and analysis report also includes an in-depth analysis of drivers, trends, and challenges.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for flat glass from the automotive industry is notably driving market growth. Currently, the global automotive industry is one of the fastest adopters. It is witnessing high adoption in front and rear material applications and convertible sunroof applications in the automotive industry. It is one of the major lightweight materials that are used in automotive applications. These materials are mainly used in automotive in exterior and interior components to make vehicles lighter in weight.
They are used to produce lightweight, fuel-efficient, and environment-friendly automobiles as more countries worldwide are introducing stringent regulations on vehicle emissions to reduce air pollution. Major automotive manufacturing countries, such as China, Germany, India, France, Italy, South Korea, Japan, and the US, use flat glass in various types of vehicles, such as passenger cars and commercial vehicles. The increasing production of vehicles will, thus, fuel the demand for them in automotive applications. Hence, these factors will boost the market growth and trends during the forecast period.
The increase in EOL glass material recycling is a major trend in the market growth. The manufacturing industries are more focused on recycling broken and waste substances to use as raw materials. Waste and broken materials used in processing are called cullets. Currently, in the industry of manufacturing, 20%-25% of the cullet is used as raw material for new production. It melts and mixes easily with other raw materials in the furnace. This reduces CO2 emissions, cost, and saves energy.
It is expected that manufacturers will increase the quantity of waste material in raw materials to cut down CO2 emissions. In Europe, for instance, companies and manufacturers are encouraging the public to collect broken and waste material and give them for recycling. It will also help in minimizing the the waste in landfills and reduce the production cost by increasing the quantity of cullet in the raw material. Hence, these factors will boost the market growth during the forecast period.
The availability of low-cost and efficient substitutes is a major challenge impeding the market growth. It is more expensive than normal material and plastic materials and requires a longer time and specialized crew and equipment for installation. Tinted substances and plastic materials are the major alternatives. These are available at a low cost due to their easy production process.
Substitutes can outperform a typical flat material product if they are properly designed and installed. A normal flat product consists of factory-assembled frames, which reduces the installation time and cost. However, this type of flat material involves substantial costs for shipping and storage. Furthermore, another drawback is that it requires regular maintenance. Thus, all the aforementioned factors are likely to hamper the growth of the global market during the forecast period.
This research and growth report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Cardinal Glass Industries Inc. - The company manufactures residential glass for windows and doors. The key offerings of the company include flat glasses.
This market analysis and report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the construction segment will be significant during the forecast period. A major application of these is in windows and door panels. They are also used in a wide range of interior decoration and furniture. The ability of these glasses to control the amount of light, heat, and radiation transmitted is driving their adoption, especially in residential buildings situated in hot and cold climates.
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The construction segment was valued at USD 81.28 million t in 2017 and continued to grow until 2021. Furniture such as dining tables, coffee tables, and wardrobe doors are manufactured using flat glasses due to their high durability and to make them visually appealing. In interior design, they are used to enhance the ambiance and the overall spread of natural light. The reduction in cost associated with adherence to lighting and temperature regulations related to building interiors makes flat glasses more cost-effective compared with the use of wood and brick in residential buildings. They are used in both exterior and interior applications in commercial buildings. The use of a large number of panes enhances the overall design and appearance of the building. It also provides environmental protection as it helps capture more natural heat and light, which reduces the overall carbon emission associated with heating and electrical power. Thus, owing to such factors the segment is expected to grow during the forecast period.
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APAC is estimated to contribute 67% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. China, India, and Australia are the major markets in APAC. The increase in commercial and residential construction activities in the region is expected to provide growth opportunities for the region. Furthermore, the focus on the development of energy-conservative buildings will support the growth of the market in APAC.
Additionally, consumers are highly focused on home interiors, which will drive the demand for coated flat glasses. The increasing use of solar thermal panels for electricity generation is also anticipated to have a positive impact on the market in this region. Solar materials panels absorb approximately 50% of solar energy and help in regulating global warming. Thus, owing to such factors the regional market is expected to grow during the forecast period.
The market is witnessing significant growth, propelled by expansions in solar capacity and the emergence of innovative solutions like floating solar farms. In the building & construction sector, flat material is used for façades, partitions, and floorings, offering energy-saving solutions in compliance with building codes set by organizations like the International Energy Agency (IEA). Technological advancements have led to the development of low-emissivity (low-E) windows, smart materials, and switchable privacy materials, enhancing the architectural appeal of smart cities and green building projects. With a focus on sustainability and renewable energy, it continues to be a key component in the transition towards a greener future.
Solar capacity expansions are driving significant advancements in renewable energy, with a focus on technologies like solar panels. As the world shifts towards sustainable transportation, the demand for electric vehicles (EVs) is soaring, prompting companies like General Motors to invest in EV flim layer facilities. In the building & construction industry, there's a growing emphasis on energy-saving solutions, including low-E material and self-cleaning glass, alongside innovations like 3D textured material. Moreover, metallic and/or metal oxides are gaining traction as direct substitutes for traditional materials in various applications, such as ceramic substrates and tempered material, particularly in the architectural segment
This market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Flat Glass Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.38% |
Market growth 2023-2027 |
34.3 mn t |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.61 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 67% |
Key countries |
US, China, India, Japan, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGC Inc., Cardinal Glass Industries Inc., Central Glass Co. Ltd., CSG Holding Co. Ltd., Dillmeier Glass Co., Emerge Glass India Pvt. Ltd., Euroglas GmbH, Fuyao Glass Industry Group Co. Ltd., Koch Industries Inc., MFG SPA, Nippon Sheet Glass Co. Ltd., Pella Corp., PT Mulia Industrindo Tbk, Scheuten Glas Nederland BV, SCHOTT AG, Sisecam, Syracuse Glass Co., Taiwan Glass Ind. Corp., Vitro SAB De CV, and Compagnie de Saint Gobain S.A. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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