The
global flat glass market is anticipated to reach USD
139.80 billion by 2026 according to a new study published by Polaris Market
Research.
The global
flat glass market is anticipated to reach USD 139.80 by 2026. The market is
primarily driven by the increasing demand and application of flat glasses in
the construction and automotive industry. These glasses are generally installed
on the windows and windshields of a vehicle. Furthermore, they are largely
utilized in photovoltaic, concentrated solar power system and a thermal
collector which are expected to strongly favor the market growth.
Some of the
leading industry participants currently operating in the industry include are Saint
Gobain S.A., Xinyi Automobile Glass (Shenzhen) Co., Ltd., SCHOTT North America,
Inc., Nippon Sheet Glass Co., Ltd, Asahi Glass Co. Ltd, CSG Architectural Glass
Co., Ltd., Corning Inc., Astro Cam, Sangalli Group, Dillmeir Glass Company, PPG
Industries, Inc., Cardinal Glass Industries, and Syracuse Glass Company, among
others. The industry highly fragmented, due to the presence of a large number
of regional, local and international vendors.
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Besides,
booming automobile industry, the government sector is also anticipated to
support the market growth. This is primarily due to the growing expenditure by
public or government sector on infrastructural projects to promote the
country’s growth. This scenario is quite common in developing nations.
A large
chunk of market share is taken by construction application and is projected to
foresee significant growth at a CAGR of xx% over the forecast period. The key
products generating industry growth and facilitating housing expansion are tempered
and Basic float glass. Both of these glasses can be applied to the interior as
well as exterior structures to avoid fragility and improve aesthetic
importance.
The flat
glass industry is highly fragmented, with the presence of numerous industry players.
Thus, elevating the competitiveness of the market. Saint Gobain S.A., Xinyi
Automobile Glass (Shenzhen) Co., Ltd., SCHOTT North America, Inc., Nippon Sheet
Glass Co., Ltd, Asahi Glass Co. Ltd, CSG Architectural Glass Co., Ltd., and
Corning Inc. are the noteworthy industry player. Some other prominent players
are Astro Cam, Sangalli Group, Dillmeir Glass Company, PPG Industries, Inc.,
Cardinal Glass Industries, and Syracuse Glass Company, among others.
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Flat Glass
Market possess vast opportunities relating to the key metric performances such
as noise control, fire protection, neutrality, self-cleaning and energy saving,
among others. Moreover, the property of these glasses is ideal for construction
applications. The trends of the Flat Glass Market can be affected by raw
materials, limestone, soda ash, and sand. In the manufacturing process, the
cost structure is deterred largely by two elements- raw materials and energy.
The growth
of regional markets such as North America will be favored by the rising
preference and product expansion towards laminated products. As per data
released by industry associations, about 1.1 million ton was consumed by the
European automobile industry in 2015. This can be attributed to the positive
outlook of the construction sector in France, Germany, and the UK. Moreover,
the European region is witnessing high demand for laminated and tempered
products. In APAC, China’s flat glass market is significantly increasing. While
on the other hand the Brazilian market being both the importer and exporter is
much indulged towards the domestic market. Furthermore, the demand in East and
West, as well as South Africa, is significantly affected by the construction
sector.
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