Asia Pacific Flat Glass Market to Reach US$ 110.6 Billion by 2032, Fostered by Significant Growth in Construction Industry

July 04, 2023 | Retail

According to the latest report by IMARC Group, titled "Asia Pacific Flat Glass Market Report by Technology (Float Glass, Sheet Glass, Rolled Glass), Product Type (Basic Float Glass, Toughened Glass, Coated Glass, Laminated Glass, Insulated, Extra Clear Glass, and Others), Raw Material (Sand, Soda Ash, Recycled Glass, Dolomite, Limestone, and Others), End Use (Safety and Security, Solar Control, and Others), Type (Fabricated, Non-Fabricated), End Use Industry (Construction, Automotive, Solar Energy, Electronics, and Others), and Country 2024-2032," the Asia Pacific flat glass market size reached US$ 65.1 Billion in 2023. Flat glass is produced by preparing formulations that involve network formers, fluxing agents, property modifiers, fining agents, and colorants to dictate the physical properties and characteristics of the formed glass. It spreads out and floats on the tin surface, which results in a uniform and flat sheet of glass. It has a higher magnesium oxide and sodium oxide content as compared to container glass and lower silica, calcium oxide, and aluminum oxide content. It serves as a primary material for windows in buildings, including residential and commercial structures. It is widely used in glass doors, partitions, mirrors, tabletops, shelves, and display cases across the Asia Pacific region.

Asia Pacific Flat Glass Market Trends:

Flat glass is employed in the construction industry as a primary material for constructing windows, doors, facades, skylights, partitions, and glass curtain walls. This, coupled with increasing construction activities in residential and commercial areas, represents one of the major factors augmenting the market growth in the Asia Pacific region. Moreover, flat glass finds application in the automotive industry for manufacturing various components, such as windshields, side windows, sunroofs, and panoramic roofs, to enhance safety and impact resistance. This, along with the rising sales of luxury vehicles, is favoring the growth of the market in the region. In addition, there is an increase in the use of flat glass to protect the screens of consumer electronics like smartphones, laptops, television, and computer desktops. The growing demand for consumer electronics is also influencing the market positively in the region. Besides this, the rising adoption of flat glass in areas prone to windstorms, tornadoes, hurricanes, and other severe weather conditions due to the growing instances of natural disasters is creating a positive outlook for the market in the region. Looking forward, the market is anticipated to reach US$ 110.6 Billion by 2032, expanding at a CAGR of 5.9% during 2024-2032.

Market Summary:

On the basis of the technology, the market has been segmented into float glass, sheet glass, and rolled glass. Presently, float glass holds the largest market share.
Based on the product type, the market has been classified into basic float glass, toughened glass, coated glass, laminated glass, insulated, extra clear glass, and others. Basic float glass currently accounts for the biggest market share.
On the basis of the raw material, the market has been segregated into sand, soda ash, recycled glass, dolomite, limestone, and others. At present, sand dominates the overall market.
Based on the end use, the market has been classified into safety and security, solar control, and others. Safety and security exhibit a clear dominance in the market.
On the basis of the type, fabricated dominates the market, followed by non-fabricated.
Based on the end use industry, the market has been divided into construction, automotive, solar energy, electronics, and others. Construction currently represents the biggest market segment.
On the basis of the country, the market has been segmented into China, Japan, India, South Korea, Australia, Indonesia, and others. Amongst these, China enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Technology Product Type Raw Material End Use Type End Use Industry Country
Technologies Covered	Float Glass, Sheet Glass, Rolled Glass
Product Types Covered	Basic Float Glass, Toughened Glass, Coated Glass, Laminated Glass, Insulated, Extra Clear Glass, Others
Raw Materials Covered	Sand, Soda Ash, Recycled Glass, Dolomite, Limestone, Others
End Uses Covered	Safety and Security, Solar Control, Others
Types Covered	Fabricated, Non-Fabricated
End Use Industries Covered	Construction, Automotive, Solar Energy, Electronics, Others
Countries Covered	China, Japan, India, South Korea, Australia, Indonesia, Others
Customization Scope	10% Free Customization
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Asia Pacific Flat Glass Market to Reach US$ 110.6 Billion by 2032, Fostered by Significant Growth in Construction Industry

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