Consumption of advanced flat glass gains momentum, increasing demand for energy-efficient windows

flat glass market

DUBLIN, May 15, 2024 (Globe Newswire) — The ‘Flat Glass – Global Strategic Business Report’ report has been added. ResearchAndMarkets.com Recruitment.

Global flat glass market expected to reach $423.9 billion by 2030

The global flat glass market, estimated at USD 304.8 billion in 2023, is projected to reach a revised size of USD 423.9 billion by 2030, at a CAGR of 4.8% over the analysis period 2023-2030. Grow.

The growth drivers of the flat glass industry are likely to vary from 1 to 10, with 10 indicating high impact and 1 indicating low impact. Similarly, growth inhibitors affecting the industry may also be rated on a scale of 1 to 10. Recent market activities suggest positive trends propelling the flat glass market forward due to increasing demand from various end-use application segments. The laminated and tempered glass market is expected to grow within the industry.

Insulating flat glass, one of the segments analyzed in the report, is expected to register a CAGR of 5.7% and reach USD 154.3 billion by the end of the analysis period. The growth rate of the tempered flat glass sector is estimated to be 4.7% CAGR over the next seven years.

In particular, Corning has developed a thin roll of glass that is stored using spools, demonstrating innovation in the industry. Engineered flat glass is recognized as a market driver. Market share percentage of major global competitors in 2024 provides further insight into market dynamics and competition.

The US market is estimated at $80.6 billion, while China is expected to grow at a CAGR of 7.2%

While developing regions continue to drive demand, saturation in developed markets poses challenges. China remains a highly influential market for the flat glass industry. The production scenario shows that float glass is the dominant manufacturing technology and roll glass represents a smaller market segment.

The US flat glass market is estimated at USD 80.6 billion in 2023. China, the world’s second largest economy, is expected to reach a projected market size of USD 91 billion by 2030, trending at a CAGR of 7.2% YoY. The analysis period is from 2023 to 2030. Other notable geographic markets include Japan and Canada, which are expected to grow by 3.2% and 4%, respectively, between 2023 and 2030. Among Europe, Germany is projected to grow at a CAGR of approximately 3.8%. The Asia-Pacific market is expected to reach USD 56.7 billion by 2030, led by countries such as Australia, India, and South Korea.

Key attributes:

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Market overview

• Insights into the influencer market

• Global market trajectory

• Latest information on the world economy

• Flat Glass Market: Introduction

• Flat glass industry growth drivers: scale 1 to 10 (10 – high impact, 1 – low impact)

• Growth inhibitors in the flat glass industry: scale 1 to 10 (10 – high impact, 1 – low impact)

• Recent market activity

• Rising demand from end-use sectors drives flat glass market

• Flat glass products – Laminated and tempered glass market has a promising future

• Developing regions continue to increase demand for flat glass as saturation hits developed markets

• China: a highly influential market

• production scenario

• Float: Mainstream flat glass manufacturing technology

• Rolled glass: small market

• Corning develops thin rolls of glass that use spools for storage

• Processed flat glass: the driving force behind the flat glass market

• Flat Glass – Market Share Percentage of Global Major Competitors in 2024 (E)

• Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2024

Market trends and drivers

• Construction industry: largest end-use market for flat glass

• Construction sector activities influence market growth

• Increase in the amount of glass used in construction work

• Growing demand for energy efficient windows

• Adopting energy-saving glass in windows brings economic benefits

• Flat glass customer window trends

• Consumers recognize the energy-saving properties of Low-E glass

• The use of glass in the automotive industry: Value-added features are favored

• Automotive industry trends impact flat glass demand

• Glass used for car styling and differentiation

• Demand for solar control and advanced flat glass in the OEM automotive market

• Flat glass in solar power: Opportunities in stores

• Frameless panels: innovative technology driving demand for flat glass

• Potential for roll glass manufacturers in the solar power market

• Tempered low-iron glass: a threat to the use of rolled glass in photovoltaic units?

• Value-added products that drive the flat glass market

• Innovative frequency-selective solar glazing material

• Coated Flat Glass Market – Insights

• Regulations increase demand for fire-resistant glass

• Smart Automotive Glass Market – Review

• Overview of some types of automotive smart glass and their benefits

• Plastics – are they a threat?

• Large capital investment – large barrier to entry

• Energy and raw materials: main cost components

• Rapid urbanization worldwide: a key growth driver

• Rising population and middle class bodes well for market growth

Focus on carefully selected players(89 posts in total)

• Asahi Glass Co., Ltd. (Japan)

• AGC Glass Company North America (USA)

• AGC Glass Europe (Belgium)

• Asahi India Glass Co., Ltd. (India)

• PT Asahimas Flat Glass Tbk (Indonesia)

• Company de Saint-Gobain (France)

• Saint-Gobain Glass India Ltd (India)

• Saint-Gobain SEFPRO (France)

• Central Glass Co., Ltd. (Japan)

• Carlex Glass America LLC (USA)

• Guardian Industries (USA)

• Gujarat Guardian Limited (India)

• Nippon Sheet Glass Co., Ltd. (Japan)

• Trakya Cam Sanayii AS (Türkiye)

• Taiwan Glass Group (Taiwan)

• ViridianT Glass (Australia)

• Xinyi Glass Holding Co., Ltd. (China)

For more information on this report, please visit https://www.researchandmarkets.com/r/o3ek1h.

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