Global Flat Glass Market Forecast to 2030
The Global Flat Glass Market Research Report by Emergen Research was developed via analysis of key commercial data and a broad geographic distribution. The study provides comprehensive coverage of the qualitative and quantitative analyses of the Flat Glass market in addition to significant market statistical data. Both current estimates through 2022 and historical data from 2018 to 2019 are provided in the research paper. The study also examines established and emerging market players, providing a broad overview of the company, its product line, commercial alliances, and expansion ambitions.
The flat glass market size was USD 140.30 billion in 2021 and is expected to register a revenue CAGR of 7.5% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for flat glass from the automotive sector for various applications in passenger vehicles is a major factor driving market revenue growth. In addition, the increasing use of flat glass for the production of solar panels is expected to propel revenue growth in the market in the future. The bulk of solar modules used for the production of glass is the single largest component by mass, accounting for around 97% of the module's weight. In solar power systems, glass is used to protect components, provide structural strength to modules, and enclose cells. Moreover, it is also used to make mirrors for solar power systems that focus on sunlight. Furthermore, it is often employed in solar applications as glass can transfer light without absorbing it and can be used to concentrate sunlight and other light sources in various applications, as glass can be manufactured with a reflective coating on one or both sides.
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Competitive Terrain:
The global Flat Glass industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Saint Gobain, Cevital Group, Vitro, Euroglas, Schott AG, Cardinal Glass Industries, Guardian Industries, Gulf Glass Industries, Scheuten Glass, and China Glass Holdings Limited
Research Report on the Flat Glass Market Addresses the Following Key Questions:
- Who are the dominant players of the Flat Glass market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Flat Glass market?
- What are the key growth drivers and restraining factors of the Flat Glass market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Flat Glass market and its key segments?
Market Overview:
The report bifurcates the Flat Glass market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2019–2030)
- Basic
- Laminated
- Insulated
- Tempered
- Coated
- Others
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Architectural
- Automotive
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East Africa
Regional Landscape section of the Flat Glass report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights From the Report
- The insulated segment is expected to register a steady growth throughout the forecast period due to their demand for manufacturing glass panes, doors, and windows owing to their superior insulation qualities provided by air space between two layers of glass.
- The architectural segment is expected to register a significant market revenue growth owing to rising construction demand across the globe. Flat glass is applicable in every single building for various outdoor and indoor applications.
- The Asia Pacific market is expected to register a considerable growth due to the ever-growing construction industry in China and India.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Flat Glass market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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