The flat glass market is estimated to be valued at USD 310.24 Bn in 2024 and is expected to reach USD 416.57 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 310.24 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
4.30% |
2031 Value Projection: |
US$ 416.57 Bn |
Figure. Flat Glass Market Share (%), By Region 2024
The flat glass market has been witnessing steady growth over the past few decades due to extensive usage across various end-use industries such as construction, automotive, and solar panels. Flat glass refers to a type of processed glass manufactured in flat sheets that are used in windows, windshields, picture frames, and sliding doors among other applications. Key properties of flat glass including transparency, strength, and resistance to heat make it suitable for a wide range of commercial and residential construction. Advancements in nanotechnology and development of energy efficient and self-cleaning flat glass variants are expected to drive newer areas of application going forward.
Market Dynamics:
The global flat glass market is driven by robust growth of the construction industry across both developed and developing economies. Rapid urbanization and rising disposable income has fueled the demand for residential and commercial construction, which, in turn, is propelling the utilization of flat glass. On the other hand, stringent environmental regulations regarding the use of traditional glass are expected to restrain the market growth. However, ongoing research towards the development of eco-friendly and energy-efficient flat glass variants is likely to create new opportunities over the coming years. Additionally, the expanding automotive industry and rising solar power installation are identifying as key growth influencers for the flat glass market.
Key Features of the Study:
- This report provides in-depth analysis of the global flat glass market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global flat glass market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Agc Inc., Nippon Sheet Glass Co., Compagnie de Saint-Gobain S.A., Guardian Industries, China Glass Holdings Limited, Luoyang Glass Company Limited, Fuyao Glass Industry Group Co. Ltd., CSG Holdings Co. Ltd., Euroglas GmbH, Vitro S.A.B. de C.V., Taiwan Glass Industry Corporation, Central Glass Co. , Cardinal Glass Industries Inc., PT. Mulia Industrindo, KCC Glass Corporation, Jinjing Group Co. Ltd., Kaveh Glass Industry Group, JSC Gomelsteklo, Xinyi Glass Holdings Limited, and Kibing Group
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global flat glass market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global flat glass market
Detailed Segmentation-
- By Product:
- Basic
- Tempered
- Laminated
- Insulated
- Others
- By Application:
- Architectural
- Automotive
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Agc Inc.
- Nippon Sheet Glass Co.
- Compagnie de Saint-Gobain S.A.
- Guardian Industries
- China Glass Holdings Limited
- Luoyang Glass Company Limited
- Fuyao Glass Industry Group Co. Ltd.
- CSG Holdings Co. Ltd.
- Euroglas GmbH
- Vitro S.A.B. de C.V.
- Taiwan Glass Industry Corporation
- Central Glass Co. Ltd.
- Cardinal Glass Industries Inc.
- PT. Mulia Industrindo
- KCC Glass Corporation
- Jinjing Group Co. Ltd.
- Kaveh Glass Industry Group
- JSC Gomelsteklo
- Xinyi Glass Holdings Limited
- Kibing Group