The global flat glass market was worth US$ 110 Billion in 2019. The market is projected to reach a value of US$ 153.3 Billion by 2024, expanding at a CAGR of 6.6% during 2020-2024. 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.
Global Flat Glass Market Growth Drivers:
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. Looking forward, IMARC Group expects the global flat glass market to continue its moderate growth during 2020-2025.
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, regional and country-level from 2020-2025. Our report has categorized the market based on technology, product type, raw material, end use, type, end user industry and region.
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 manufacturers competing in terms of price and quality. Some of the leading players in the market are:
Key Questions Answered in This Report:
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