Global Flat Glass Industry Outlook (2022-2032)
The global flat glass market was valued at US$ 274 Bn in 2021, and is expected to gain a significant position in the market with a steady CAGR rate of 4.5% during the forecast period, 2022- 2032. With this rate, this industry is projected to reach a market size of worth US$ 445 Bn by 2032.
The research report on the global Flat Glass Market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market.
To back its opinion, the research report covers all the factors and events such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances. It also analyzes the entry barriers and overall intensity of the competition in the global Flat Glass Market.
Market Players:
- AGC Inc.
- Central Glass Ltd.
- Cevital Group
- China Glass Holding Ltd.
- Euroglas
- Fuyao Glass Industry Group Co. Ltd.
- Guardian Industries
- Nippon Sheet Glass Co. Ltd.
- Saint-Gobain
- iEcam Group
Key Segments Covered in the Flat Glass Industry Survey
· By Product
-
- Insulated Flat Glass
- Laminated Flat Glass
- Tempered Flat Glass
- Basic Flat Glass
- Other Flat Glass Products
· By Application
-
- Automotive Flat Glass
- Architectural Flat Glass
- Other Flat Glass Applications
Competitive Landscape
Due to the presence of several major players, the market is highly competitive and fragmented. The companies are taking various strategic initiatives to recover losses resulting from the pandemic and to strengthen their market positions.
- Guardian Glass opened its second float glass facility in Poland in September 2020. With the opening of the new facility, the architect and construction markets will have easier access to high-performance products.
- In October 2020, AGC Inc. decided to integrate the Architectural Glass Business in Japan with Central Glass Co. by the fourth quarter of the fiscal year ending December 31, 2021.
What are the specific drivers of the Flat Glass Market?
Construction and building industry will bolster the growth
Among the major end-user sectors is the building & construction industry. In 2021, the global flat glass market for new construction application systems was valued around US$ 40 Bn. It is predicted to grow to over US$ 85 Bn by 2032. The material is used in the construction of windows, doors, solar cells, cabinet locks, tabletops, furniture, and walls. A rise in the standard of living and increased investments in the construction sector have led to an increase in residential and non-residential construction projects.
Industrialization and urbanization are accelerating rapidly, especially in China, India, Brazil and the United Arab Emirates. Government regulations on energy efficiency and smart glass technology are also likely to create revenue opportunities for the flat glass industry.
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