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The global flat glass market reached a value of US$ 119.7 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Flat glass, also known as sheet or plate glass, is most commonly used for manufacturing windows, doors, mirrors and solar panels. It is produced by melting sand, soda ash and silica into liquid and spreading it to the desired thickness. The molten liquid is then cooled to obtain the desired product. Flat glass is produced via controlled thermal and chemical reactions to ensure toughness in the structural formation. Despite this, flat glass is highly flexible and customizable once it is made.
The thriving construction industry is the key factor driving the growth of the market. Furthermore, the increasing infrastructural expenditure on the construction of eco-friendly green buildings, which aid in minimizing carbon emissions into the environment, is also driving the flat glass market growth. Flat glass is widely used in photovoltaic modules, e-glass structures and solar panels due to the rising need for clean energy across the globe. It is gradually replacing the traditionally materials like bricks, stone and wood. Insulated flat glass is transparent and recyclable, which reduces pollution and enhances the comfort for the inhabitants of the building.
The flourishing automotive industry is another factor contributing to the market growth. The automobile manufacturers are increasingly employing tempered glass due to its shatterproof properties that can prevent severe injuries and possible life threats in case of accidents. Other factors such as the implementation of nanotechnology to produce lightweight glazing glass and solar control panels coupled with the increasing urbanization and rising disposable incomes are further creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global flat glass market, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on technology, product type, raw material, end use, type and end use industry.
Market Breakup by Technology:
Market Breakup by Product Type:
Market Breakup by Raw Material:
Market Breakup by End-Use:
Market Breakup by Type:
Market Breakup by End Use Industry:
Market Breakup by Region:
The global flat glass market is highly fragmented with the presence of several small and large players competing in terms of price and quality. Some of the leading players in the market are:
|Base Year of the Analysis||2020|
|Segment Coverage||Technology, Product Type, Raw Material, End-Use, Type, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Asahi Glass, Saint-Gobain, Guardian Industries, Vitro, DB Glass,Nippon Sheet Glass, Central Glass, Taiwan Glass, Cardinal Glass Industries, Fuyao Glass Industry Group, Sisecam Group, CSG Holding Co. Ltd and Gulf Glass Industries|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global flat glass market was valued at US$ 119.7 Billion in 2020.
We expect the global flat glass market to exhibit a CAGR of around 5% during 2021-2026.
A significant growth across the construction and the automotive sectors where flat glass finds extensive applications in manufacturing windows, panels, mirrors, etc., represents one of the factors driving the global flat glass market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous construction- and automotive manufacturing-based activities.
Based on the technology, the global flat glass market has been divided into float glass, sheet glass and rolled glass. Currently, float glass holds the majority of the market share.
Based on the product type, the global flat glass market can be segregated into basic float glass, toughened glass, coated glass, laminated glass, extra clear glass, insulated, and others. Among these, toughened glass currently represents the largest segment.
Based on the end use industry, the global flat glass market has been categorized into construction, automotive, solar energy, electronics, and others, where the construction sector exhibits a clear dominance in the market.
Based on the raw material, the global flat glass market can be bifurcated into sand, soda ash, recycled glass, dolomite, limestone, and others. Currently, sand holds the majority of the total market share.
Based on the end-use, the global flat glass market has been divided into safety and security, solar control, and others. Among these, solar control represents the largest segment.
Based on the type, the global flat glass market can be categorized into fabricated and non-fabricated. Currently, fabricated glass exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global flat glass market include Asahi Glass, Saint-Gobain, Guardian Industries, Vitro, DB Glass, Nippon Sheet Glass, Central Glass, Taiwan Glass, Cardinal Glass Industries, Fuyao Glass Industry Group, Sisecam Group, CSG Holding Co. Ltd, Gulf Glass Industries, etc.
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