Amid the COVID-19 crisis, the global market for Flat Glass estimated at US$155 Billion in the year 2020, is projected to reach a revised size of US$283.3 Billion by 2027, growing at a CAGR of 9% over the analysis period 2020-2027. Insulated, one of the segments analyzed in the report, is projected to record a 9.7% CAGR and reach US$132.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Laminated segment is readjusted to a revised 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $41.8 Billion, While China is Forecast to Grow at 13.6% CAGR
The Flat Glass market in the U.S. is estimated at US$41.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$66.6 Billion by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.
Tempered Segment to Record 8.3% CAGR
In the global Tempered segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$18.5 Billion in the year 2020 will reach a projected size of US$31.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$39.6 Billion by the year 2027, while Latin America will expand at a 9.8% CAGR through the analysis period. We bring years of research experience to this 17th edition of our report. The 433-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Asahi Glass Co. Ltd.
- Asahi India Glass Ltd.
- Carlex Glass America LLC
- Central Glass Co. Ltd.
- Compagnie De Saint-Gobain
- Guardian Industries
- Gujarat Guardian Limited
- Nippon Sheet Glass Co. Ltd.
- Taiwan Glass Group
- Trakya Cam Sanayii A.S.
- Viridian™ Glass
- Xinyi Glass Holdings Limited
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Flat Glass Market: A Prelude
Growth Drivers for Flat Glass Industry: On a Scale 1 -10 (10 - High Impact; 1 - Low Impact)
Growth Dampeners for Flat Glass Industry: On a Scale 1 -10 (10 - High Impact; 1 - Low Impact)
Recent Market Activity
Rising Demand from End-use Application Segments Propel Flat Glass Market
Flat Glass Products - Laminated and Tempered Glass Markets Hold Promise
Developing Regions Continue to Power Flat Glass Demand, Saturation Hits Developed Markets
China: A Major Influencing Market
Production Scenario
Float: The Predominant Flat Glass Manufacturing Technique
Rolled Glass: A Small Market
Corning Develops Thin Rolled Glass Stored Using Spools
Fabricated Flat Glass: Driving Force in the Flat Glass Market
Global Competitor Market Shares
Flat Glass Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Asahi Glass Co., Ltd. (Japan)
AGC Glass Company North America (USA)
AGC Glass Europe (Belgium)
Asahi India Glass Ltd. (India)
PT Asahimas Flat Glass Tbk (Indonesia)
Compagnie De Saint-Gobain (France)
Saint-Gobain Glass India Ltd (India)
Saint-Gobain SEFPRO (France)
Central Glass Co., Ltd. (Japan)
Carlex Glass America, LLC (USA)
Guardian Industries (USA)
Gujarat Guardian Limited (India)
Nippon Sheet Glass Co., Ltd. (Japan)
Trakya Cam Sanayii A.Ş. (Turkey)
Taiwan Glass Group (Taiwan)
Viridian™ Glass (Australia)
Xinyi Glass Holdings Limited (China)
3. MARKET TRENDS & DRIVERS
Construction Industry: The Largest End-Use Market for Flat Glass
Construction Sector Activity Influences Market Growth
Increasing Usage of Glass in Building Construction
Rising Demand for Energy Efficient Windows
Energy-Saving Glass in Windows to Deliver Favorable Economic Returns
Window Trends for Flat Glass Customers
Consumers Recognize Energy Saving Properties of Low-E Glass
Glass Use in Automotive Industry: Value-Added Features Find Favor
Automotive Industry Dynamics Affects Flat Glass Demand
Glazing Used for Styling and Differentiation of Automobiles
Demand for Solar Control and Advanced Flat Glass in OEM Automotive Market
Flat Glass in Solar Power Generation: Opportunity in Store
Frameless Panels: A Game Changing Technology to Drive Flat Glass Demand
Potential for Rolled Glass Makers in Solar PV Market
Tempered Low Iron Glass: Threat to Rolled Glass Usage in Solar PV Units?
Value-Added Products to Drive Flat Glass Market
Innovative Frequency-Selective Solar Glazing Material
Coated Flat Glass Market - An Insight
Regulations Drive Demand for Fire-Resistant Glass
Smart Automotive Glass Market - A Review
A glance at Some Types of Smart Automotive Glass and their Benefits
Plastics - Are They a Threat?
High Capital Investments - A Major Entry Barrier
Energy & Raw Material: Major Cost Components
Rapid Urbanization Worldwide: A Key Growth Driver
Rising Population & Middle Class Segment Bodes Well for Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Flat Glass Market Share (in %) by Company: 2018 & 2025
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
European Flat Glass Market: Competitor Market Share Scenario (in %) for 2018 & 2025
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
Total Companies Profiled: 94
