Flat Glass Global Market Report 2024

The flat glass market size has grown strongly in recent years. It will grow from $37.73 billion in 2023 to $40.26 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The expansion observed in the historical period can be attributed to robust economic growth in emerging markets, a rise in industrialization and manufacturing, and increased installations of solar energy systems.

The flat glass market size is expected to see strong growth in the next few years. It will grow to $51.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be linked to global population growth and urbanization, expansion in the construction industry, a rising demand for electronic displays, and increased investments. Noteworthy trends expected in the forecast period encompass a concentration on partnerships and collaborations, an emphasis on incorporating artificial intelligence in flat glass manufacturing, a focus on product innovations, an emphasis on the use of advanced digital camera systems in glass production, and an increasing focus on solar glass.

The anticipated growth in the flat glass market is expected to be driven by the increasing number of solar energy installations. Solar energy, harnessed from the sun and converted into thermal or electrical energy, represents the cleanest and most abundant renewable energy source. Flat glass plays a crucial role in solar units, facilitating the conversion of solar energy into electricity. For instance, the Indian government allocated a budget of $2.57 billion in December 2021 to boost the manufacturing of high-efficiency solar plants. India produced 49.3 GW of renewable solar energy in 2021, indicating the significant role of flat glass in the rising number of solar energy installations and driving the growth of the flat glass market.

The growth of the flat glass market is closely tied to the expansion of building construction and infrastructure development. Flat glass finds extensive use in the construction sector for applications such as windows, facades, doors, interior decoration, shopfronts, and various building components. For example, building activities in New Zealand increased by 3.7 percent in March 2021, and residential activities rose by 4.3 percent in 2021 compared to the previous year. Similarly, in the United States, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, reflecting a growth rate of 10.2 percent. This expansion in construction and infrastructure development is a key driver fueling the growth of the flat glass market.

A notable trend in the flat glass market is the emergence of new product innovations. Leading companies in the market are actively focused on introducing innovative products to strengthen their market position. For instance, Nippon Sheet Glass, a Japanese company, launched NSG Purity in June 2021 - a glass with antibacterial and antiviral coatings. This innovative product can eliminate 99.9% of viruses and bacteria, contributing to a more hygienic environment in homes.

Major players in the flat glass market are actively engaged in product innovations and the development of new solutions to fortify their market positions. For instance, in September 2022, AGC Glass Europe, a glass manufacturing company based in Belgium, unveiled a new float glass range that boasts a 40% reduction in carbon footprint.

In November 2021, Fenzi Group, an Italian company specializing in various types of glass manufacturing, successfully acquired the Advanced Glass Technologies (AGT) business from Johnson Matthey for an undisclosed amount. This strategic acquisition is expected to enable Fenzi Group to enter new markets and foster the development of innovative technologies. Johnson Matthey, based in the UK, is a company renowned for its production of flat glasses.

Major companies operating in the flat glass market report are Sisecam Group, AGC Inc., Fuyao Glass Industry Group Co. Ltd., Vitro S.A.B. de C.V., Compagnie de Saint-Gobain S.A., Cardinal Glass Industries Inc., Nippon Sheet Glass Co. Ltd., CSG Holding Co. Ltd., China Glass Holding Ltd., Central Glass Co. Ltd., Cevital Group, Euroglas, Guardian Industries, ÅžiÅŸecam Group, Sangalli Vetro Manfredonia SpA, Etex, Xella Group, Radman's Building Services, Knauf Gips KG, Dry Construction Limited, Pietta glass, Simeko, Salavatsteklo, GC America, Guardian Glass LLC, Xinyi Auto Glass, Dillmeier Glass Company, Trulite Glass & Aluminum Solutions, NSG Group, Corning Incorporated, Schott AG, Arabian Processing Glass, Laval, Al-Saeed Glass & Panel, Emirates Glass, Arabian United Float Glass Company, PPG Industries Inc., Phoenicia Flat Glass Industries Ltd., Koch Industries Inc., Kaveh Glass Group, Ghazvin Glass Co.

Asia-Pacific was the largest region in the flat glass market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flat glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flat glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of flat glass include basic float glass, toughened glass, coated glass, laminated glass, extra-clear glass, and other products. Basic float glass is a sheet of glass created by floating molten glass on a bed of molten metal, typically tin, although other low-melting-point alloys have been utilized in the past. Various processes, such as float and rolled sheet, are employed in different end-user industries, including construction and infrastructure, automotive and transportation, solar energy, among others.

The flat glass market research report is one of a series of new reports that provides flat glass market statistics, including flat glass industry global market size, regional shares, competitors with a flat glass market share, detailed flat glass market segments, market trends and opportunities, and any further data you may need to thrive in the flat glass industry. This flat glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The flat glass market consists of sales of clear glass, textured glass and cast glass. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.