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Flat Glass Market


Chemicals & Material
Fibers & Composites

The flat glass market is projected 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 growth of the market can be attributed to the high demand from the construction & infrastructure industry and emerging application industries such as automotive & transportation & solar energy. The market witnessed a significant growth in the past few years, due to the increased demand for flat glass from China, the U.S., Germany, India, Brazil, and Malaysia.

The flat glass market is segmented, based on product type, into basic float glass, toughened glass, coated glass, laminated glass, and extra clear glass. Laminated is projected to the fastest-growing segment during the forecast period. The toughened glass segment was the largest segment of the market in 2016, as toughened glass is used extensively in the construction and transportation applications.

The flat glass market is segmented by end-use industry into construction & infrastructure, automotive & transportation, solar energy, and others. The construction & infrastructure segment was the largest segment of the market in 2016, owing to the growing demand for flat glass in residential building projects, government regulations pertaining to green & sustainable buildings, and aesthetic appearance of flat glass.

The flat glass market, based on technology, is segmented into rolled, sheet, and float glass. The float glass segment was the largest segment of the market in 2016, due to the advantages of the technology, such as easy and fast processing. Furthermore, with the help of this technology, it is possible to mass produce flat glass that is perfectly smooth and has no marks.

Asia-Pacific was the largest consumer of flat glass in 2016. India and China are major markets for flat glass due to growing construction and infrastructure development activities, increasing automotive production, and rising installations of solar panels in both countries.

Flat Glass Market

The demand for glass fabric or glass roving for better results is increasing, especially in emerging economies, owing to automation and shift from open mold applications to close mold applications. This may act as a restraint for the growth of the flat glass market.

Asahi Glass (Japan), Saint-Gobain (France), Nippon Sheet Glass (Japan), Guardian Industries (U.S.), and Taiwan Glass (Taiwan) are some of the leading players in the flat glass market. Asahi Glass (Japan) has been focusing on maintaining its position in the market by tapping various global markets. The company has entered strategic alliances with local distribution centers in emerging markets to increase its market share and customer base. The company adopted investments & expansions as its growth strategy in the recent years.

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