Flat Glass is a type of glass that is made from float glass, which is created by melting a mixture of raw materials, such as sand and soda ash, and then floating them on a bed of molten tin. The glass is then cut and treated to form a variety of shapes and sizes. It is usually used in the construction and automotive industries for windows, windshields, and other applications. The global flat glass market is estimated to grow from USD 92.90 Billion in 2016 to USD 142.05 Billion by 2022, at a CAGR of 7.30% during the forecast period.
The Asia-Pacific is expected to be largest and the fastest-growing market for flat glass during the forecast period. The high demand for flat glass in this region can be attributed to the rising demand from the construction & infrastructural sectors. The high penetration of flat glass products in this region can also be attributed to the growth in sectors, such as automotive & transportation, solar energy, and home appliances. The presence of key players, such as Asahi Glass, Nippon Sheet Glass, Taiwan Glass, and Saint-Gobain is also expected to support the growth of the market in the coming years.
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In Asia-Pacific, the consumption of flat glass has increased significantly in the construction & infrastructure sector. The demand for various flat glass products, such as laminated glass, toughened glass, coated glass, and extra clear glass has increased in recent years, due to their advanced properties and the increasing need for sustainable & environmental-friendly infrastructure.
Automotive & transportation is the fastest-growing end-use industry segment for flat glass products. Flat glass has wide applications in the automotive & transportation end-use industry for backlights, windscreens, windows, and sunroofs of automobiles. Growing automobile production and increased penetration of flat glass in cars and other transport vehicles are some of the major factors expected to drive the demand for flat glass products, globally.
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The laminated glass product type is projected to be the fastest-growing flat glass product type segment during the forecast period. The toughened glass segment dominated the flat glass industry in terms of value in 2016, due to the superior properties of toughened glass and its extensive applications in the construction industry.
The major opportunities for the flat glass market are investments in infrastructural development projects in emerging economies and increasing demand for green buildings, globally. Various companies operating in the market are offering products and expanding their business in emerging economies to take advantage of growing end-use industries in emerging economies.
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The following companies are significant players in the flat glass market: Taiwan Glass Industry Corporation, PT. Mulia Industrindo, KCC Glass Corporation, Jinjing Group Co. Ltd., Nippon Sheet Glass Co., Central Glass Co., Ltd., Cardinal Glass Industries, Inc., Compagnie de Saint-Gobain S.A., Guardian Industries, China Glass Holdings Limited, Luoyang Glass Company Limited, Kaveh Glass Industry Group, JSC Gomelsteklo, Xinyi Glass Holdings and others.
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