Global Flat Glass Market Outlook to 2025 - Increase in Global Solar Capacity & Growth in the Building & Construction Industry Drive the Flat Glass Market
DUBLIN, Dec. 12, 2019 /PRNewswire/ -- The "Flat Glass Market Size, Share & Trends Analysis Report By Application (Architectural, Automotive), By Product (Tempered, Laminated, Basic, Insulated), By Region, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global flat glass market size is expected to reach USD 288.56 billion by 2025 growing at a CAGR of 10.3%, according to this report. The growing popularity of safety glass, growth in construction industry, and increasing demand for solar power are anticipated to augment the growth of the market through the forecast period.
The growth of the flat glass industry is attributable to the increasing infrastructural development across the globe. The construction industry is growing significantly, especially in developing countries. Flat glass is used for both interior and exterior architectural purposes. Its usage is evident in windows, doors, railings, skylights, and furniture. Considering the negative impact of existing construction materials on health and environment, its consumption is increasing as a building material.
The accelerating growth in terms of solar power adaption in various parts of the world is boosting the product demand. The solar panels, which are made up of glass, are of major significance as their performance influences the yield of the entire system. Thus, the increase in solar panel production has a positive impact on the product demand.
In terms of revenue, laminated segment is anticipated to grow at a CAGR of 9.1% during the forecast period. Its demand as a safety glass is propelling the market. There are regions that witness extreme weather conditions, where its usage becomes prominent. Its two-three layer structure absorbs strong impacts and prevents breakage and injuries to a larger extent.
The U.S. market is anticipated to witness a CAGR of 10.4%, owing to infrastructural development coupled with increasing growth in solar panel production. High import duties levied by the government are compelling the manufacturers to open and expand glass manufacturing plants in the U.S. For example, in October 2018, the Nippon Sheet Glass Co., Ltd. announced its new 500,000 square feet glass production facility located at Ohio.
The flat glass market witnesses high competitive rivalry, owing to presence of major players of the industry such as AGC Inc., Saint-Gobain, Nippon Sheet Glass Co. Ltd., Guardian Industries and iecam Group. Increasing production capacities and innovation in products are the major strategies adopted by the key players in the market. For example, in June 2018, Sisecam Group acquired Sangalli Vetro Manfredonia facility, with an aim to increase its production capacity in Italy.
Further key findings from the report suggest:
- In terms of revenue, architectural was the largest application segment in 2018 accounting for a share of 75.3% due to growing infrastructural development in emerging economies
- In terms of revenue, insulated segment is expected to grow at a CAGR of 11.1% during the forecast period with regard to increasing demand in construction sector
- In terms of revenue, Central & South America is anticipated to witness the fastest growth of 12.5% from 2018 to 2025 owing to growing construction activities and automotive production in the region
- Basic glass segment had a revenue share of 6.4% of the overall flat glass market in 2018, owing to its applications in solar panels and construction
- In June 2017, Saint-Gobain began construction of its new flat glass production line in Mexico to cater to growing demand from construction and automotive applications
Key Topics Covered
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Flat Glass Market Variables, Trends, & Scope
3.1 Market definition
3.2 Market outlook
3.3 Penetration & growth prospect mapping
3.4 Industry value chain analysis
3.4.1 Raw Material Trends
3.5 Technology overview
3.5.1 Manufacturing Process Of Flat Glass
3.5.2 Innovation In Solar Panels
3.5.3 Corning Glass Technologies
3.6 Regulatory landscape
3.6.1 Policies Specific To China
3.7 Market variables analysis
3.7.1 Market Driver Analysis
3.7.1.1 Increase in global solar capacity
3.7.1.2 Growth in the building & construction industry
3.7.2 Market Restraints Analysis
3.7.2.1 High manufacturing costs
3.8 Business Environment Analysis Tools
3.8.1 Pestel Analysis
3.8.2 Porter's Five Forces Analysis
Chapter 4 Flat Glass Market: Product Estimates & Trend Analysis
4.1 Flat glass market: Product movement analysis, 2018 & 2025
Chapter 5 Flat Glass Market: Application Estimates & Trend Analysis
5.1 Flat glass market: Application movement analysis, 2018 & 2025
5.2 Architectural
5.3 Automotive
5.4 Other applications
Chapter 6 Flat Glass Market: Regional Estimates & Trend Analysis
6.1 Flat glass market: Regional movement analysis, 2018 & 2025
6.2 North America
6.3 Europe
6.4 Asia Pacific
6.5 Central & South America
6.6 Middle East & Africa
Chapter 7 Competitive Analysis
7.1 Key global players & recent developments & their impact on the industry
7.2 Key company/Competition Categorization
7.3 Production data of key vendors
7.4 Vendor landscape
Chapter 8 Company Profiles
8.1 AGC Inc.
8.2 Central Glass Co. Ltd.
8.3 CEVITAL GROUP
8.4 China Glass Holding, Ltd.
8.5 Euroglas
8.6 Fuyao Glass Industry Group Co., Ltd.
8.7 Guardian Industries
8.8 Nippon Sheet Glass Co., Ltd
8.9 Saint-Gobain S.A.
8.10 SCHOTT AG
8.11 iecam Group
8.12 Taiwan Glass Ind. Corp.
8.13 Vitro, S.A.B. DE C.V.
8.14 Xinyi Glass Holdings Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/4yatgz
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article