Flat Glass Market (By Product: Basic, Tempered, Laminated, Insulated; By Application: Architectural, Automotive) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20222030

The global Flat Glass market size is expected to be worth around US$ 400.20 billion by 2030, according to a new report by Vision Research Reports.

The global Flat Glass market size was valued at US$ 270.83 billion in 2020 and is anticipated to grow at a CAGR of 4.2% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

The market is projected to be driven by increasing construction spending and the need to improve energy efficiency in buildings.

Rising preference for architecture, which increases natural daylight in the house is propelling the consumption of in roofs and , which is expected to play a key role in boosting the product demand over the coming years. Moreover, growing emphasis on economic recovery by encouraging investments in infrastructural developments is anticipated to drive market growth over the forecast period.

For instance, to substantiate the economic importance of infrastructure, the Department of the Treasury in the U.S. carried out a study of 40 key proposed infrastructure projects. As per this study, the completion or availability of these 40 projects can provide economic benefits of up to USD 500 billion to 1 trillion to the country.

Technological upgrades and product innovation in construction glass applications have positively benefited the market growth in the recent past. However, the market growth was obstructed in 2020 owing to the Covid-19 pandemic resulting in negative sales revenue of key companies. For example, Saint-Gobain’s sales declined by around 6% from Q3 2019 to Q3 2020. The pandemic slowed down the customers’ investment cycles, which affected all the related activities.

The market is anticipated to recover soon with investments across the solar, construction, and automotive industries. The growth in the end-use industries has compelled product manufacturers to expand their production capacities. For instance, in October 2020, ?i?ecam invested in its production business in Turkey for capacity expansion to cater to the growing demand from the domestic market.

Report Highlights

The insulated product segment dominated the global market, in terms of volume, and held the largest share of more than 44.0% in 2020. The demand from applications, such as curtain walls, storefronts, overhead glazing, non-vision locations, and commercial and operable windows, is likely to remain a key factor driving the segment growth. The growing demand has compelled manufacturers to expand their production capacities. For example, in February 2020, Pilkington IGP, expressed interest in expanding its manufacturing plant in Ostroleka, Poland, to cater to the growing demand for highly specialized products in architectural and construction markets.

Tempered glass is another key product type and is suitable for a wide range of applications in cookware, mobile phone screens, architectural parts, shower doors, and windows, among others. The growing demand for tempered products has augmented its production. For instance, in August 2020, Tomakk Glass Partners announced the launch of its tempered glass fabrication facility in Shreveport, Louisiana, the U.S. to cater to the rising demand from the commercial, residential, and architectural application segments.

The laminated product segment is mainly driven by the rising demand for laminated glass in the automotive industry. It is preferred in windshields as, in case of an accident, it breaks in form of a spider-web and none of the pieces fall off, thus, reducing the risk of passenger injuries. This has augmented its usage in sunroofs too. Companies, such as Ferrari and Volvo, have incorporated laminated glass in their cars with panoramic sunroofs. It is also used in skylight glazing and Photovoltaic (PV) cells.

The architectural application segment held the largest revenue share of more than 72% in 2020. The segment will expand further at a steady CAGR from 2021 to 2028 due to increasing construction activities and infrastructural developments as a result of rapid urbanization and a growing population across the globe. Thus, the growing construction industry is estimated to benefit the product demand.

In the automotive sector, the product finds applications in vehicle windows, doors, windshields, side panels, sunroofs, and lights. The automotive application segment witnessed slow growth over the past couple of years owing to a decline in global vehicle production. However, increasing demand for Electric Vehicles (EVs), along with rising cases of road accidents, is anticipated to propel product consumption in automotive applications.

The other applications segment is anticipated to register the fastest growth rate over the forecast period on account of rising demand for solar energy. Glass is a key component in solar panels as it protects the PV cells from external forces, such as weather, hail, and airborne debris. Rising solar energy installations across the globe are expected to benefit market growth. Despite the pandemic, the solar PV installations observed a positive growth in 2020.

Asia Pacific dominated the market and accounted for over 61.0% share of the global revenue in 2020. Infrastructural developments in developing economies of the region are expected to augment market growth over the forecast period. Southeast Asia is also among the emerging regional markets and countries including China and Japan have started investing in this region. Between 2000 and 2019, Japan financed around USD 230 billion worth of projects while China invested around USD 155 billion for the improvement of infrastructure in the Southeast Asia region.

North America faced obstructions in its construction activities, especially in the first half of 2020; however, the market in the U.S. witnessed moderate recovery in the second half of 2020 on account of acceleration in residential construction activities. For instance, as per the U.S. Census Bureau, the completion of new privately-owned housing units rose by 6.7% from 2019 to 2020 in Southern U.S. This upward trend is likely to continue over the coming years, which is expected to propel the product demand in the coming years.

Middle East and Africa is expected to be among the fastest-growing regions of the market. However, the region witnessed sluggish growth in 2020 owing to the pandemic. On the other hand, the regional market is expected to recover quickly. For instance, in December 2020, a Dubai-based investment bank allocated a sum of USD 1 billion to finance the active construction projects across the Middle East and Africa. This is a positive sign for the overall market in the region.

Key Players

• AGC Inc.

• Cevital Group

• Euroglas

• Guardian Industries

• Saint-Gobain

• ?i?ecam Group

• Vitro

Market Segmentation

• Product Outlook 

  • Basic

  • Tempered

  • Laminated

  • Insulated

  • Others

• Application Outlook 

  • Architectural

  • Automotive

  • Others

• Regional Outlook 

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

    • Russia

    • Belgium

    • Poland

    • Czech Republic

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Central & South America

    • Brazil

    • Argentina

    • Colombia

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • Iran

    • South Africa

The Flat Glass market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Flat Glass market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Flat Glass market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Flat Glass market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Flat Glass market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Flat Glass capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Flat Glass by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Flat Glass market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Flat Glass market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Flat Glass market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Flat Glass industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Flat Glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Flat Glass market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Flat Glass market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Flat Glass market. These factors have benefited the growth of the global market for Flat Glass. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Flat Glass. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Flat Glass are as follows:

• Historic Year: 2017-2020
• Base Year: 2021
• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.