Flat Glass Market to grow by USD 34.3 million tons from 2022 to 2027, APAC to account for 67% of the market growth - Technavio

NEW YORK, June 21, 2023 /PRNewswire/ -- The flat glass market size is expected to grow by 34.3 million t during 2022-2027, progressing at a CAGR of 5.38% as per the latest Technavio market research report. APAC is estimated to account for 67% of the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC, China, India, and Australia are the major markets for flat glasses. The rise in residential and commercial construction activities in the region is anticipated to deliver growth opportunities for the region. Moreover, the emphasis on the development of energy-conservative buildings will help the growth of the market in APAC. In addition, consumers highly emphasised home interiors, which will increase the demand for coated flat glasses. However, the rising use of solar thermal panels for electricity generation is also expected to have a favourable impact on the flat glass market in this region. Renewable energy such as solar glass panels absorbs approximately 50% of solar energy and helps regulate global warming. Therefore, owing to such factors, the regional market is expected to grow during the forecast period. For more insights on the market share of various regions- Download a sample report in MINUTES

Flat Glass Market: Market Dynamics

Drivers: Demand from the automotive sector to drive growth

The major factor driving the flat glass market is the increasing demand for flat glass from the automotive industry. Currently, the global automotive industry is one of the fastest adopters of flat glass. In the automotive sector, flat glass is widely used for convertible sunroofs, front and rear glass, and other uses. These materials are mostly employed in external and interior automotive components to lower the weight of automobiles. As many nations across the world introduce stringent laws on car emissions to combat air pollution, flat glass is utilised to make lightweight, fuel-efficient, and environmentally friendly automobiles. Additionally, major automotive-manufacturing countries, such as China, Germany, India, France, Italy, South Korea, Japan, and the US, use flat glass in different types of vehicles, such as passenger and commercial vehicles. The growing production of vehicles will, thus, drive the demand for flat glass in automotive applications. Therefore, such factors will boost the market growth during the forecast period.

Trends: Increased Construction of Green Buildings 

The increase in EOL glass material recycling is an emerging trend in the flat glass market growth. The glass manufacturing industries are more emphasised recycling broken and waste glass to use as raw material. Waste and broken glass used in processing are generally known as cullet. Currently, in glass manufacturing, 20%-25% of the cullet is used as raw material for new glass production and it melts and mixes easily with other raw materials in the furnace. This decreases CO2 emissions, and costs, and saves energy. However, it is expected that manufacturers will improve the quantity of waste glass in raw materials to cut down CO2 emissions. In Europe, for instance, glass vendors and manufacturers are encouraging the public to collect broken and waste glass and give them for recycling. It will also help in minimizing the glass waste in landfills and lower the production cost by improving the quantity of cullet in the raw material. Therefore, such factors will drive market growth during the forecast period.

To know about more drivers, trends along with challenges - Download a sample now!

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

Some of the key Flat Glass Market Players:

The flat glass market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. 

AGC Inc., Cardinal Glass Industries Inc., Central Glass Co. Ltd., CSG Holding Co. Ltd., Dillmeier Glass Co., Emerge Glass India Pvt. Ltd., Euroglas GmbH, Fuyao Glass Industry Group Co. Ltd., Koch Industries Inc., MFG SPA, Nippon Sheet Glass Co. Ltd., Pella Corp., PT Mulia Industrindo Tbk, Scheuten Glas Nederland BV, SCHOTT AG, Sisecam, Syracuse Glass Co., Taiwan Glass Ind. Corp., Vitro SAB De CV, and Compagnie de Saint Gobain S.A.

Flat Glass Market: Market Segmentation

The flat glass market is segmented into end-user (construction, automotive, solar glass, and others), type (float glass, sheet glass, and rolled glass), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

• The market share growth by the construction segment will be significant during the forecast period. A significant application of flat glass is in windows and door panels and they are also used in a wide range of interior decoration and furniture. The capacity of flat glasses to manage the amount of light, heat, and radiation transmitted is driving their adoption, particularly in residential buildings situated in hot and cold climates. In interior designing, flat glasses are used to improve the ambience and the overall spread of natural light. The decrease in cost associated with adherence to lighting and temperature regulations related to building interiors makes flat glasses more cost-effective compared with the use of wood and brick in residential buildings. However, they are used in both exterior and interior applications in commercial buildings. The use of a large number of glass panes improves the overall design and appearance of the building. In addition, It also provides environmental protection as it helps in capturing more natural heat and light, which lowers the overall carbon emission associated with heating and electrical power. Therefore, owing to such factors, the segment is expected to grow during the forecast period.

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

The global glass manufacturing market size is estimated to grow by USD 58.31 billion between 2022 and 2027 accelerating at a CAGR of 6.04%. This report extensively covers market segmentation by application (packaging, construction, electrical and electronics, transportation, and others), product (container glass, flat glass, fibreglass, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The rise in sales of electronic display units is the key factor driving the growth of the global glass manufacturing market. 

The flat glass coatings market share is expected to increase by USD 932.23 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.70%. This report extensively covers flat glass coatings market segmentation by technology (water-based, solvent-based, and nano-based) and geography (APAC, Europe, North America, MEA, and South America). The increasing demand for flat glass from the automotive industry is notably driving market growth.

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million t)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million t)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global flat glass market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global flat glass market 2017 - 2021 (million t)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 (million t)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 (million t)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (million t)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (million t)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Construction - Market size and forecast 2022-2027
• Exhibit 34: Chart on Construction - Market size and forecast 2022-2027 (million t)
• Exhibit 35: Data Table on Construction - Market size and forecast 2022-2027 (million t)
• Exhibit 36: Chart on Construction - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Construction - Year-over-year growth 2022-2027 (%)

• 6.4 Automotive - Market size and forecast 2022-2027
• Exhibit 38: Chart on Automotive - Market size and forecast 2022-2027 (million t)
• Exhibit 39: Data Table on Automotive - Market size and forecast 2022-2027 (million t)
• Exhibit 40: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 6.5 Solar glass - Market size and forecast 2022-2027
• Exhibit 42: Chart on Solar glass - Market size and forecast 2022-2027 (million t)
• Exhibit 43: Data Table on Solar glass - Market size and forecast 2022-2027 (million t)
• Exhibit 44: Chart on Solar glass - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Solar glass - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 (million t)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 (million t)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 50: Market opportunity by End-user (million t)
• Exhibit 51: Data Table on Market opportunity by End-user (million t)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 52: Chart on Type - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 Float glass - Market size and forecast 2022-2027
• Exhibit 56: Chart on Float glass - Market size and forecast 2022-2027 (million t)
• Exhibit 57: Data Table on Float glass - Market size and forecast 2022-2027 (million t)
• Exhibit 58: Chart on Float glass - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Float glass - Year-over-year growth 2022-2027 (%)

• 7.4 Sheet glass - Market size and forecast 2022-2027
• Exhibit 60: Chart on Sheet glass - Market size and forecast 2022-2027 (million t)
• Exhibit 61: Data Table on Sheet glass - Market size and forecast 2022-2027 (million t)
• Exhibit 62: Chart on Sheet glass - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Sheet glass - Year-over-year growth 2022-2027 (%)

• 7.5 Rolled glass - Market size and forecast 2022-2027
• Exhibit 64: Chart on Rolled glass - Market size and forecast 2022-2027 (million t)
• Exhibit 65: Data Table on Rolled glass - Market size and forecast 2022-2027 (million t)
• Exhibit 66: Chart on Rolled glass - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Rolled glass - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 68: Market opportunity by Type (million t)
• Exhibit 69: Data Table on Market opportunity by Type (million t)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 (million t)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 (million t)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 (million t)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 (million t)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 (million t)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 (million t)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million t)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million t)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 (million t)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 (million t)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 (million t)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 (million t)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 (million t)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 (million t)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 103: Chart on India - Market size and forecast 2022-2027 (million t)
• Exhibit 104: Data Table on India - Market size and forecast 2022-2027 (million t)
• Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 (million t)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 (million t)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 111: Chart on UK - Market size and forecast 2022-2027 (million t)
• Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 (million t)
• Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography (million t)
• Exhibit 116: Market opportunity by geography (million t) - Volume

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 AGC Inc. 
• Exhibit 123: AGC Inc. - Overview
• Exhibit 124: AGC Inc. - Business segments
• Exhibit 125: AGC Inc. - Key offerings
• Exhibit 126: AGC Inc. - Segment focus

• 12.4 Cardinal Glass Industries Inc. 
• Exhibit 127: Cardinal Glass Industries Inc. - Overview
• Exhibit 128: Cardinal Glass Industries Inc. - Product / Service
• Exhibit 129: Cardinal Glass Industries Inc. - Key offerings

• 12.5 Central Glass Co. Ltd. 
• Exhibit 130: Central Glass Co. Ltd. - Overview
• Exhibit 131: Central Glass Co. Ltd. - Business segments
• Exhibit 132: Central Glass Co. Ltd. - Key offerings
• Exhibit 133: Central Glass Co. Ltd. - Segment focus

• 12.6 Compagnie de Saint Gobain S.A. 
• Exhibit 134: Compagnie de Saint Gobain S.A. - Overview
• Exhibit 135: Compagnie de Saint Gobain S.A. - Business segments
• Exhibit 136: Compagnie de Saint Gobain S.A. - Key offerings
• Exhibit 137: Compagnie de Saint Gobain S.A. - Segment focus

• 12.7 CSG Holding Co. Ltd. 
• Exhibit 138: CSG Holding Co. Ltd. - Overview
• Exhibit 139: CSG Holding Co. Ltd. - Business segments
• Exhibit 140: CSG Holding Co. Ltd. - Key offerings
• Exhibit 141: CSG Holding Co. Ltd. - Segment focus

• 12.8 Dillmeier Glass Co. 
• Exhibit 142: Dillmeier Glass Co. - Overview
• Exhibit 143: Dillmeier Glass Co. - Key offerings

• 12.9 Emerge Glass India Pvt. Ltd. 
• Exhibit 144: Emerge Glass India Pvt. Ltd. - Overview
• Exhibit 145: Emerge Glass India Pvt. Ltd. - Product / Service
• Exhibit 146: Emerge Glass India Pvt. Ltd. - Key offerings

• 12.10 Euroglas GmbH 
• Exhibit 147: Euroglas GmbH - Overview
• Exhibit 148: Euroglas GmbH - Product / Service
• Exhibit 149: Euroglas GmbH - Key offerings

• 12.11 Fuyao Glass Industry Group Co. Ltd.
• Exhibit 150: Fuyao Glass Industry Group Co. Ltd. - Overview
• Exhibit 151: Fuyao Glass Industry Group Co. Ltd. - Product / Service
• Exhibit 152: Fuyao Glass Industry Group Co. Ltd. - Key offerings

• 12.12 Koch Industries Inc. 
• Exhibit 153: Koch Industries Inc. - Overview
• Exhibit 154: Koch Industries Inc. - Product / Service
• Exhibit 155: Koch Industries Inc. - Key news
• Exhibit 156: Koch Industries Inc. - Key offerings

• 12.13 MFG SPA 
• Exhibit 157: MFG SPA - Overview
• Exhibit 158: MFG SPA - Product / Service
• Exhibit 159: MFG SPA - Key offerings

• 12.14 Nippon Sheet Glass Co. Ltd. 
• Exhibit 160: Nippon Sheet Glass Co. Ltd. - Overview
• Exhibit 161: Nippon Sheet Glass Co. Ltd. - Business segments
• Exhibit 162: Nippon Sheet Glass Co. Ltd. - Key news
• Exhibit 163: Nippon Sheet Glass Co. Ltd. - Key offerings
• Exhibit 164: Nippon Sheet Glass Co. Ltd. - Segment focus

• 12.15 SCHOTT AG 
• Exhibit 165: SCHOTT AG - Overview
• Exhibit 166: SCHOTT AG - Business segments
• Exhibit 167: SCHOTT AG - Key news
• Exhibit 168: SCHOTT AG - Key offerings
• Exhibit 169: SCHOTT AG - Segment focus

• 12.16 Taiwan Glass Ind. Corp. 
• Exhibit 170: Taiwan Glass Ind. Corp. - Overview
• Exhibit 171: Taiwan Glass Ind. Corp. - Business segments
• Exhibit 172: Taiwan Glass Ind. Corp. - Key offerings
• Exhibit 173: Taiwan Glass Ind. Corp. - Segment focus

• 12.17 Vitro SAB De CV 
• Exhibit 174: Vitro SAB De CV - Overview
• Exhibit 175: Vitro SAB De CV - Business segments
• Exhibit 176: Vitro SAB De CV - Key offerings
• Exhibit 177: Vitro SAB De CV - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 178: Inclusions checklist
• Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 181: Research methodology
• Exhibit 182: Validation techniques employed for market sizing
• Exhibit 183: Information sources

• 13.5 List of abbreviations 
• Exhibit 184: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio