Dublin, May 15, 2024 (GLOBE NEWSWIRE) -- The "Flat Glass - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Flat Glass Market to Reach $423.9 Billion by 2030
The global market for Flat Glass estimated at US$304.8 Billion in the year 2023, is projected to reach a revised size of US$423.9 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030.
Growth drivers for the flat glass industry are likely to vary in impact, ranging from 1 to 10, with 10 representing high impact and 1 indicating low impact. Similarly, growth dampeners affecting the industry may also be rated on a scale of 1 to 10. Recent market activity suggests a positive trend, with rising demand from various end-use application segments propelling the flat glass market forward. Laminated and tempered glass markets hold promise for growth within the industry.
Insulated Flat Glass, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$154.3 Billion by the end of the analysis period. Growth in the Tempered Flat Glass segment is estimated at 4.7% CAGR for the next 7-year period.
Notably, Corning has developed thin rolled glass stored using spools, showcasing innovations in the industry. Fabricated flat glass is identified as a driving force in the market. The global key competitors' percentage market share in 2024 provides further insight into market dynamics and competition.
The U.S. Market is Estimated at $80.6 Billion, While China is Forecast to Grow at 7.2% CAGR
While developing regions continue to drive demand, saturation in developed markets poses challenges. China remains a major influencing market in the flat glass industry. The production scenario indicates that float glass is the predominant manufacturing technique, with rolled glass representing a smaller market segment.
The Flat Glass market in the U.S. is estimated at US$80.6 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$91 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$56.7 Billion by the year 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 217 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $304.8 Billion |
| Forecasted Market Value (USD) by 2030 | $423.9 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Flat Glass Market: A Prelude
- Growth Drivers for Flat Glass Industry: On a Scale 1 -10 (10 - High Impact; 1 - Low Impact)
- Growth Dampeners for Flat Glass Industry: On a Scale 1 -10 (10 - High Impact; 1 - Low Impact)
- Recent Market Activity
- Rising Demand from End-use Application Segments Propel Flat Glass Market
- Flat Glass Products - Laminated and Tempered Glass Markets Hold Promise
- Developing Regions Continue to Power Flat Glass Demand, Saturation Hits Developed Markets
- China: A Major Influencing Market
- Production Scenario
- Float: The Predominant Flat Glass Manufacturing Technique
- Rolled Glass: A Small Market
- Corning Develops Thin Rolled Glass Stored Using Spools
- Fabricated Flat Glass: Driving Force in the Flat Glass Market
- Flat Glass - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Construction Industry: The Largest End-Use Market for Flat Glass
- Construction Sector Activity Influences Market Growth
- Increasing Usage of Glass in Building Construction
- Rising Demand for Energy Efficient Windows
- Energy-Saving Glass in Windows to Deliver Favorable Economic Returns
- Window Trends for Flat Glass Customers
- Consumers Recognize Energy Saving Properties of Low-E Glass
- Glass Use in Automotive Industry: Value-Added Features Find Favor
- Automotive Industry Dynamics Affects Flat Glass Demand
- Glazing Used for Styling and Differentiation of Automobiles
- Demand for Solar Control and Advanced Flat Glass in OEM Automotive Market
- Flat Glass in Solar Power Generation: Opportunity in Store
- Frameless Panels: A Game Changing Technology to Drive Flat Glass Demand
- Potential for Rolled Glass Makers in Solar PV Market
- Tempered Low Iron Glass: Threat to Rolled Glass Usage in Solar PV Units?
- Value-Added Products to Drive Flat Glass Market
- Innovative Frequency-Selective Solar Glazing Material
- Coated Flat Glass Market - An Insight
- Regulations Drive Demand for Fire-Resistant Glass
- Smart Automotive Glass Market - A Review
- A glance at Some Types of Smart Automotive Glass and their Benefits
- Plastics - Are They a Threat?
- High Capital Investments - A Major Entry Barrier
- Energy & Raw Material: Major Cost Components
- Rapid Urbanization Worldwide: A Key Growth Driver
- Rising Population & Middle Class Segment Bodes Well for Market Growth
FOCUS ON SELECT PLAYERS(Total 89 Featured)
- Asahi Glass Co., Ltd. (Japan)
- AGC Glass Company North America (USA)
- AGC Glass Europe (Belgium)
- Asahi India Glass Ltd. (India)
- PT Asahimas Flat Glass Tbk (Indonesia)
- Compagnie De Saint-Gobain (France)
- Saint-Gobain Glass India Ltd (India)
- Saint-Gobain SEFPRO (France)
- Central Glass Co., Ltd. (Japan)
- Carlex Glass America, LLC (USA)
- Guardian Industries (USA)
- Gujarat Guardian Limited (India)
- Nippon Sheet Glass Co., Ltd. (Japan)
- Trakya Cam Sanayii A.S. (Turkey)
- Taiwan Glass Group (Taiwan)
- ViridianT Glass (Australia)
- Xinyi Glass Holdings Limited (China)
For more information about this report visit https://www.researchandmarkets.com/r/o3ek1h
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
