The flat glass is used in multiple industries from beverages to real estate. Growing demand for glass insulation from construction industry is expected to propel the market for flat glass in coming years.
Flat glass includes all categories of glass manufactured in flat form such as glass pane, glass sheet, or plate glass, regardless of the method of manufacturing. These glasses are majorly used in construction sector for building doors, windows, transparent walls, ceiling,.
It is also used by automotive industry primarily for manufacturing windshields and windows of vehicles.
The flat glass is made up of silica, magnesium oxide, calcium oxide, sodium oxide & aluminium oxide.
The flat glass market has witnessed a notable progress in recent years owing to the rising awareness towards the importance of tempered glass in automotive industry in developing regions due to its lighter weight. The escalating use of insulating and laminated glass in solar energy applications is further expected to enhance the market growth.
Rise in construction of new projects and refurbishments of the old ones in myriad regions across the globe combined with rising awareness for reliable building materials is anticipated to drive the growth of flat glass market.
The swiftly emerging energy market is anticipated to offer strong growth opportunity for flat glass market during the forecast period. Increasing utilization of photovoltaic modules, e-modules and solar panels charting to the requirement of clean energy is expected to be the prime factor driving the market growth.
Technological advancements regarding energy binding coupled with superior properties comprising sustainability and recycling are predicted to make positive impact on market growth. However, accessibility of raw material and price fluctuations may impact the demand supply scenario in intensely saturated and concentrated markets.
Increasing R&D activities in terms of development of advanced, customized and specialized products is anticipated to create new opportunities for the market in coming years. Several characteristics of flat glass such as noise control, energy saving, luxury design, chemical inertness, self-cleaning properties, cost benefits and fire resistant make it one of the most preferred choices.
Additionally, application of flat glasses in modern architectural designs is fuelling the global flat glass industry. The regulatory ecosystem of flat glass market is considered by implementation of BS codes and other similar strict safety rules.
The flat glass market would foresee strong growth owing to the increasing usage of flat glass by OEMs in developing automotive sector.
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Market Classification and Overview
The Flat Glass Market is broadly segmented into product type and application. The application segment is further bifurcated into construction, automotive and others (furniture, interior designing, TV manufacturing, electronics).
The construction segment is expected to lead the market in the coming years. Laminated glass, tempered glass, basic float glass and insulating glass are some of the product types of flat glass.
The product type can also be briefly bifurcated into fabricated and non-fabricated glasses, where fabricated glass comprises of tempered, insulated, laminating and other mirror type of glass, the non-fabricated glass comprises of basic float glasses. The overall glass industry is anticipated to witness growth in demand from different industry verticals.
Globally, the market is fragmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa (MEA). Tremendous growth of automobile industry, specifically in Asia-Pacific is expected to drive the market in this region.
Middle East and Africa is also anticipated to witness smooth growth in coming years owing to the rising awareness regarding dependable building materials, whereas, North America and Europe are saturated markets for flat glass market.
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|Market||Flat Glass Market|
|Analysis Period||2014 – 2024|
|Historic Data||2014 – 2015|
|Forecast Data||2017 – 2024|
|Market Stratification||Product Type, Application, Geography|
|Regional Scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)|
|Report Coverage||Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis|
Some of the players in the flat glass market are Saint-Gobain, Oldcastle Inc., PPG Industries, Guardian Industries, Independent Co. Ltd., Cardinal, NSG Group, AJJ Ltd. and Asahi Glass Co. (AGC) among others.
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Market By Product Type
o Tempered glass
o Insulated glass
o Laminating glass
o Other mirror type glass
o Basic float glasses
Market By Application
Others (furniture, interior designing, TV manufacturing, electronics)
Market By Geography
o Rest of Europe
o Rest of Asia-Pacific
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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