Glass is ubiquitous in today’s world owing to its attractive properties such as being transparent to a variety of waves depending on composition, and used in host of applications ranging from buildings, windscreens, solar panels, electronics, furniture and others.
Growing demand fed by application expansion exemplified by electronics and rise in middle class income is the prime driver of the market. Advancements in manufacturing process and growing customization is another driver of the market.
The fastest growth in demand for flat glass is been witnessed in the construction industry owing to attraction of glass such as low weight, availability in wide variety of forms and shape, low cost as compared to bricks and cement, aesthetic appearance and faster construction times. Thus flat glass is finding extensive uses in windows and facades. The government support for solar power has also triggered a large demand. The adoption of energy performance mandates for buildings has triggered a large demand.
Increasing number of automobiles is another driver of the market. Ease of cleaning and low maintenance have resulted in extensive use of glass in furnishing. Innovations in technology such as nanotechnology, solar control glazing, lightweight glazing, have also benefitted the market. Flat glass represents around 30% of total glass production driven by the burgeoning demand from the infrastructure, and automotive, sectors especially in emerging regions. Infrastructure development especially airports, malls and others are commercial drivers of the market.
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Growing stringency of regulations surrounding the manufacture of glass, strict amendments regarding the use of ecofriendly building materials and the high cost of transport of glass are the constraints on the market.
To generate an accurate assessment of the market the Global Flat Glass Market has been segmented by Product, Technology, Application and Regions.
Based on Product, the market has been segmented by laminated, tempered, and others.
Based on Technology, the market has been segmented by float, rolled, and sheet.
Based on Application, the market has been segmented by construction & infrastructure, automotive & transportation and others.
Based on Regions, the market has been segmented by Americas, Europe, Asia Pacific and rest of the World.
Asia Pacific accounts for the largest market share of the Global Flat Glass Market owing to its larger demand generated by large population and growing economy. Asia Pacific region is led by China, India, Japan and others. Rapid urbanization has fueled spurts of construction activity in industrial, residential, commercial, and infrastructural sectors resulting in a CAGR of 7.5 % over the review period.
North America led by the U.S. accounts for the second largest market share of the market owing to its largest share of high rise construction towers.
Europe is led by Germany, France and the U.K. Middle East and Africa is expected to generate the smallest share of the market and is dominated by the Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.
The major players of the Global Flat Glass Market are Asahi Glass (Japan), AEON Industries (China), Taiwan Glass (Taiwan), Xinyi Glass (China), Saint-Gobain S.A. (France), Emerge Glass (India), Changzhou Almaden (China), Nippon Sheet Glass (Japan), Guardian Industries (U.S.), Luoyang Glass (China), Schott AG (Germany), PPG Industries, Inc. (U.S.), AviationGlass & Technology (Netherlands), Nittobo (Japan), and Suzhou Huadong Coating Glass (China) and others.
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