Flat Glass Market To Cross USD 161.57 Billion By 2030

Pune, India, July 2023/MRFR Press Release/- Market Research Future published a half cooked research report on the global flat glass market. The global market for global flat glass market is expected to grow at 4.90% CAGR.

The MRFR analysis reports state that the global Flat Glass market was worth nearly USD 115.6 billion in 2022. The reports further project the market worth to attain around USD 161.57 billion by the end of 2032 while thriving at a substantial growth rate of around 4.90%.

Flat glass is a sheet or plate glass primarily produced in plane form. All the glasses are made in sheets, whether cast glass or float glass. Both are kinds of flat glass. Flat glass is widely utilized across the automotive, solar, building & construction, and consumer goods industries. Specifically, flat glass is utilized in furniture made of glass, windshields, glass tabletops, solar panels, car mirrors, building facades, windows, glass doors, wall mirrors, transparent walls, and many others. The demand for flat glass elevates. The global market for flat glasses has demonstrated massive development in recent years. The main parameter supporting the development of the market is the rising construction and infrastructure projects. Furthermore, factors like the use of flat glass in energy-efficient building construction, rising industrialization, and developing economies are also considered to positively impact the performance of the global market over the coming years.

Segment Analysis

The global market for Flat Glasses is fragmented into segments based on Applications, Type, and region.

Based on the Product Types, the global market for Flat Glasses has been split into laminated, annealed, coated, insulated, tempered, and clear float glass.

Based on end-users, the global market for Flat Glasses has been split into solar, consumer goods, automotive, and building & construction.

Regional Insights

The MRFR analysis reports The Asia-Pacific region held the top spot across the global market for Flat Glasses in 2021, with the largest contribution of nearly USD 54.94 billion in 2021, around 45.80% of the net share. The region has China as the largest contributor in terms of revenue share. On the other hand, the Indian market is likely to grow at the highest pace over the coming years. The main parameter enhancing regional market development is infrastructure improvements in developing nations. Furthermore, the growing investment in Southeast Asia is also believed to be one of the vital parameters enhancing regional market development.

The North American regional market for flat glasses will likely show substantial growth over the coming years. The region has the U.S. market as the largest contributor in revenue share. On the other hand, the Canadian market is likely to grow at the highest pace over the coming years. The main parameter enhancing regional market development is the increase in regional residential building activity. Furthermore, the escalating demand for the product is also believed to be one of the vital parameters enhancing regional market development.

The European regional market for Flat Glasses is anticipated to ensure the second position across the global market over the assessment period. The region has the German market as the largest contributor in revenue share. On the other hand, the U.K. market is likely to grow at the highest pace over the coming years. The main parameter enhancing the performance of the regional market is the growing vehicle production and sales in the area.

Competitive Analysis

The global market for Flat Glasses is known to have a strong and competitive landscape. The players across the market are focusing on investments in research & development activities to expand their product lines, which will help the Flat Glasses market grow even more. They are also considering several strategic activities to expand their footprint, with vital market developments including new product launches, higher investments, mergers & acquisitions, contractual agreements, and collaboration with other organizations. The list of prominent participants across the global market for Flat Glasses includes players such as GSC GLASS LTD (India), Changzhou Almaden Co. Ltd (China), Vitro (Mexico), Nippon Sheet Glass Co. Ltd (Japan), Saint-Gobain (France), AGC Inc. (Japan), SCHOTT AG (Germany), Taiwan Glass Industry Corporation (Taiwan), Fuyao Glass Industry Group Co. Ltd (China), GUARDIAN GLASS LLC (U.S.), Sisecam Group (Turkey), and several others.

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