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The global flat glass market size was valued at USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. Asia Pacific dominated the flat glass market with a market share of 54.3% in 2018.
Flat glass or plate glass is produced in the form of a plane and is commonly used for glass doors, windows, windscreens, and transparent walls. For applications in automotive and architecture, sometimes plate glass is bent after production to make it suitable for use. Most of the plate glass produced is soda-lime glass, by using the float process. This type of glass has a higher content of magnesium oxide and sodium oxide as compared to container glass, and a lower content of calcium oxide, silica, and aluminum oxide.
In buildings, this glass not only provides shielding from UV radiation but also offers acoustic and thermal insulation. The benefits of the use of this glass in buildings also include energy efficiency by the maximum use of natural light. Governments set up regulations regarding green buildings that have encouraged demand. Moreover, the use of this glass in solar panels is increasing due to its properties including high strength, low reflection, and high transmissibility. The need to harness energy from renewable sources has forced governments to invest in solar energy plants, thereby growing the market for flat glass.
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Use of Flat Glass to make Buildings Energy Efficient to Drive The Market Demand
The rising awareness of saving electricity has led to the use of products with low energy ratings and extensive use of available natural sources of energy. The use of this glass in residential and commercial buildings has allowed the use of natural light and reduced the cost and consumption of artificial light. Governments in different countries have set up rules and regulations to promote energy efficiency in the building sector. The buildings that comply with these rules and regulations on energy-efficient buildings consume up to 40%-60% less energy as compared to the traditional buildings which don’t comply with them. This has increased the consumption of this type of glass, thus, leading to the growth rate of the market.
Growth in Construction & Infrastructural Activities to Drive the Progression of the Market
The growing construction activities and infrastructural development have led to a rise in demand. Flat Glass is utilized in roofs, windows, and facades. It is also used for internal partitions as an architectural feature. It provides excellent properties, including acoustic insulation and thermal insulation to the building structures. These properties are creating a demand for different flat glass products in the building & construction industry. Additionally, rapid industrialization is encouraging the installation of this type of glass in commercial buildings for energy conservation by maximizing the use of natural light and it is expected to drive the market.
Regulations by the Government on Carbon Emissions to Hamper Growth
A critical challenge hindering the growth of the flat glass market is the regulations imposed by the government on carbon emissions. The combustion of fuel oil or the decomposition of raw materials during the melting process is known to emit carbon dioxide. The release of harmful gases such as sulfur oxides and nitrous oxides during the decomposition of sulfur and nitrogen compounds contribute to the acidification and formation of smog, becoming a major factor for environmental pollution. Additionally, the evaporation of raw materials and molten glass releases particles in the atmosphere and is harmful to humans as well as animals. Hence, the above factors may inhibit the growth of the market.
Float Glass Segment to Gain Impetus during the Forecast Period
Based on type, this market is classified into a float, sheet, and rolled. Float glass undergoes further processing such as lamination, coating, and heat treatment to make it suitable for architectural and automotive applications. Float glass coated with metal oxide coating has high demand from the construction industry for use in residential and commercial buildings. The demand is due to the properties provided by coated glasses such as glare control, low solar heat gain, block UV radiation, and they also offer customization and flexibility. The increasing demand for float glass owing to its properties shall lead to the growth of the floating segment during the forecast period, thereby driving the market.
On the other hand, the sheet glass segment is expected to exhibit demand in the market due to its features such as high-grade smooth finish, transparency, better flatness, and micro-roughness thus, showing significant growth in the market.
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Laminated Segment to Account for the Major Share during the Forecast Period
In terms of product type, this market is segmented into coated, extra clear, laminated, toughened glass, and others. Amongst them, the laminated segment accounts for the major flat glass market share. Laminated glass remains intact when broken, thereby protecting it from injury. It also blocks the transmission of UV rays and the PVB layer, which is sandwiched in between two layers of the glass and provides acoustic insulation. The rising demand for laminated glass from the construction and automotive industries owing to its properties is expected to raise the demand.
Furthermore, the coated segment is showcasing growth due to the properties offered by them, such as enhanced insulation, anti-reflection, hydrophobic, and self-cleaning properties. Coated glass helps in retaining the heat inside the building and improves solar gain, hence supporting the growth of the market.
Architecture Segment to Maintain Strong Growth during the Forecast Period
Based on the application, this market is segmented into architecture, automotive, solar panels, and others. Rising population, urbanization, and increasing disposable income are the few factors responsible for the rise in construction activities and infrastructural development around the world. In architectural application, this type of glass is prominently used indoors, in windows, and in facades due to its properties such as acoustic insulation, heat insulation, anti-reflection, and transmission of selective solar wavelengths. Hence, the growth of the market can be owed to the high demand from the construction industry.
Additionally, the growing demand from the automotive industry is further fueling the demand, globally. Besides the use of this type of glass in windshields, and mirrors, it is also used on rooftops for aesthetic appeal. Increased spending of the consumers on automobiles acts as a contributing factor toward the growth of the automotive industry, thereby, increasing the demand.
Asia Pacific Flat Glass Market Size, 2015-2026 (USD Billion)
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The flat glass market revenue in the Asia Pacific stood at USD 53.41 billion in 2018. The Asia Pacific is the largest and the fastest-growing region in the market owing to the investments by governments for construction activities and infrastructural development. Moreover, China is the largest contributor to the demand, which shall further drive the growth of the market. The market in North America is characterized by government regulations on energy-efficient buildings, thereby promoting this market. The flat glass market in Europe is to be governed by the usage of this glass in automobiles. Europe being the hub of major automotive companies will experience a rise in demand.
The market in Latin America and the Middle East & Africa is expected to show substantial growth during the forecast period. Investment by the countries of these regions to harness energy from renewable sources has led to increased consumption of flat glass for solar panels. Therefore, the market in these regions will exhibit significant growth during the forecast period.
Key Players Are Blending Organic and Inorganic Growth Strategies to Maintain Their Dominance in the Flat Glass Market
The competitive landscape of this market depicts a consolidated market with the top 5 companies accounting for about 60% of the global production capacity. Key players in the market have invested a considerable amount of resources in the research and development of flat glass products. A diversified product portfolio, supported by superior operational efficiency, and novel technology development, are the strategies used by the market leaders for their growth. The Nippon Sheet Glass company doing good in all segments for flat glass market.
An Infographic Representation of Flat Glass Market
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The flat glass market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market trends and highlights key flat glass industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.
ATTRIBUTE | DETAILS |
Study Period | 2015-2026 |
Base Year | 2018 |
Forecast Period | 2019-2026 |
Historical Period | 2015-2017 |
Unit | Value (USD Billion) and Volume (Million Ton) |
Segmentation | By Type
|
By Product Type
| |
By Application
| |
By Geography
|
Fortune Business Insights says that the global market size was USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026.
In 2018, the market value stood at USD 98.37 billion.
Growing at a CAGR of 5.7%, the market will exhibit rapid growth in the forecast period (2019-2026).
Laminated segment is expected to be the leading segment in this market during the forecast period.
The growing construction & infrastructural activities is the key factor driving the market.
Asia Pacific held the highest market share in 2018.
Rising need to harness solar energy is one of the factors supporting the adoption
Figure 1: Global Flat Glass Market Revenue Breakdown (US$ Bn, %) by Region, 2018 & 2026
Figure 2: Global Volume Breakdown (Mn Ton, %) by Region, 2018 & 2026
Figure 3: Global Revenue Share (%), by Type, 2018 & 2026
Figure 4: Global Volume Share (%), by Type, 2018 & 2026
Figure 5: Global Forecast (US$ Bn), by Float, 2015-2026
Figure 6: Global Forecast (Mn Ton), by Float, 2015-2026
Figure 7: Global Forecast (US$ Bn), by Sheet, 2015-2026
Figure 8: Global Forecast (Mn Ton), by Sheet, 2015-2026
Figure 9: Global Forecast (US$ Bn), by Rolled, 2015-2026
Figure 10: Global Forecast (Mn Ton), by Rolled, 2015-2026
Figure 11: Global Revenue Share (%), by Product Type, 2018 & 2026
Figure 12: Global Volume Share (%), by Product Type, 2018 & 2026
Figure 13: Global Forecast (US$ Bn), by Coated, 2015-2026
Figure 14: Global Forecast (Mn Ton), by Coated, 2015-2026
Figure 15: Global Forecast (US$ Bn), by Extra Clear, 2015-2026
Figure 16: Global Forecast (Mn Ton), by Extra Clear, 2015-2026
Figure 17: Global Forecast (US$ Bn), by Laminated, 2015-2026
Figure 18: Global Forecast (Mn Ton), by Laminated, 2015-2026
Figure 19: Global Forecast (US$ Bn), by Toughened, 2015-2026
Figure 20: Global Forecast (Mn Ton), by Toughened, 2015-2026
Figure 21: Global Forecast (US$ Bn), by Others, 2015-2026
Figure 22: Global Forecast (Mn Ton), by Others, 2015-2026
Figure 23: Global Revenue Share (%), by Application, 2018 & 2026
Figure 24: Global Volume Share (%), by Application, 2018 & 2026
Figure 25: Global Forecast (US$ Bn), by Architecture, 2015-2026
Figure 26: Global Forecast (Mn Ton), by Architecture, 2015-2026
Figure 27: Global Forecast (US$ Bn), by Automotive, 2015-2026
Figure 28: Global Forecast (Mn Ton), by Automotive, 2015-2026
Figure 29: Global Forecast (US$ Bn), by Solar Panels, 2015-2026
Figure 30: Global Forecast (Mn Ton), by Solar Panels, 2015-2026
Figure 31: Global Forecast (US$ Bn), by Others, 2015-2026
Figure 32: Global Forecast (Mn Ton), by Others, 2015-2026
Figure 33: North America Revenue (US$ Bn), by Country, 2018 & 2026
Figure 34: North America Volume (Mn Ton), by Country, 2018 & 2026
Figure 35: North America Revenue Share (%), by Country, 2018
Figure 36: North America Volume Share (%), by Country, 2018
Figure 37: North America Revenue (US$ Bn), by Type, 2018 & 2026
Figure 38: North America Volume (Mn Ton), by Type, 2018 & 2026
Figure 39: North America Revenue Share (%), by Type, 2018
Figure 40: North America Volume Share (%), by Type, 2018
Figure 41: North America Revenue (US$ Bn), by Product Type, 2018 & 2026
Figure 42: North America Volume (Mn Ton), by Product Type, 2018 & 2026
Figure 43: North America Revenue Share (%), by Product Type, 2018
Figure 44: North America Volume Share (%), by Product Type, 2018
Figure 45: North America Revenue (US$ Bn), by Application, 2018 & 2026
Figure 46: North America Volume (Mn Ton), by Application, 2018 & 2026
Figure 47: North America Revenue Share (%), by Application, 2018
Figure 48: North America Volume Share (%), by Application, 2018
Figure 49: Europe Revenue (US$ Bn), by Country, 2018 & 2026
Figure 50: Europe Volume (Mn Ton), by Country, 2018 & 2026
Figure 51: Europe Revenue Share (%), by Country, 2018
Figure 52: Europe Volume Share (%), by Country, 2018
Figure 53: Europe Revenue (US$ Bn), by Type, 2018 & 2026
Figure 54: Europe Volume (Mn Ton), by Type, 2018 & 2026
Figure 55: Europe Revenue Share (%), by Type, 2018
Figure 56: Europe Volume Share (%), by Type, 2018
Figure 57: Europe Revenue (US$ Bn), by Product Type, 2018 & 2026
Figure 58: Europe Volume (Mn Ton), by Product Type, 2018 & 2026
Figure 59: Europe Revenue Share (%), by Product Type, 2018
Figure 60: Europe Volume Share (%), by Product Type, 2018
Figure 61: Europe Revenue (US$ Bn), by Application, 2018 & 2026
Figure 62: Europe Volume (Mn Ton), by Application, 2018 & 2026
Figure 63: Europe Revenue Share (%), by Application, 2018
Figure 64: Europe Volume Share (%), by Application, 2018
Figure 65: Asia Pacific Revenue (US$ Bn), by Country, 2018 & 2026
Figure 66: Asia Pacific Volume (Mn Ton), by Country, 2018 & 2026
Figure 67: Asia Pacific Revenue Share (%), by Country, 2018
Figure 68: Asia Pacific Volume Share (%), by Country, 2018
Figure 69: Asia Pacific Revenue (US$ Bn), by Type, 2018 & 2026
Figure 70: Asia Pacific Volume (Mn Ton), by Type, 2018 & 2026
Figure 71: Asia Pacific Revenue Share (%), by Type, 2018
Figure 72: Asia Pacific Volume Share (%), by Type, 2018
Figure 73: Asia Pacific Revenue (US$ Bn), by Product Type, 2018 & 2026
Figure 74: Asia Pacific Volume (Mn Ton), by Product Type, 2018 & 2026
Figure 75: Asia Pacific Revenue Share (%), by Product Type, 2018
Figure 76: Asia Pacific Volume Share (%), by Product Type, 2018
Figure 77: Asia Pacific Revenue (US$ Bn), by Application, 2018 & 2026
Figure 78: Asia Pacific Volume (Mn Ton), by Application, 2018 & 2026
Figure 79: Asia Pacific Revenue Share (%), by Application, 2018
Figure 80: Asia Pacific Volume Share (%), by Application, 2018
Figure 81: South America Revenue (US$ Bn), by Country, 2018 & 2026
Figure 82: South America Volume (Mn Ton), by Country, 2018 & 2026
Figure 83: South America Revenue Share (%), by Country, 2018
Figure 84: South America Volume Share (%), by Country, 2018
Figure 85: South America Revenue (US$ Bn), by Type, 2018 & 2026
Figure 86: South America Volume (Mn Ton), by Type, 2018 & 2026
Figure 87: South America Revenue Share (%), by Type, 2018
Figure 88: South America Volume Share (%), by Type, 2018
Figure 89: South America Revenue (US$ Bn), by Product Type, 2018 & 2026
Figure 90: South America Volume (Mn Ton), by Product Type, 2018 & 2026
Figure 91: South America Revenue Share (%), by Product Type, 2018
Figure 92: South America Volume Share (%), by Product Type, 2018
Figure 93: South America Revenue (US$ Bn), by Application, 2018 & 2026
Figure 94: South America Volume (Mn Ton), by Application, 2018 & 2026
Figure 95: South America Revenue Share (%), by Application, 2018
Figure 96: South America Volume Share (%), by Application, 2018
Figure 97: Middle East & Africa Revenue (US$ Bn), by Country, 2018 & 2026
Figure 98: Middle East & Africa Volume (Mn Ton), by Country, 2018 & 2026
Figure 99: Middle East & Africa Revenue Share (%), by Country, 2018
Figure 100: Middle East & Africa Volume Share (%), by Country, 2018
Figure 101: Middle East & Africa Revenue (US$ Bn), by Type, 2018 & 2026
Figure 102: Middle East & Africa Volume (Mn Ton), by Type, 2018 & 2026
Figure 103: Middle East & Africa Revenue Share (%), by Type, 2018
Figure 104: Middle East & Africa Volume Share (%), by Type, 2018
Figure 105: Middle East & Africa Revenue (US$ Bn), by Product Type, 2018 & 2026
Figure 106: Middle East & Africa Volume (Mn Ton), by Product Type, 2018 & 2026
Figure 107: Middle East & Africa Revenue Share (%), by Product Type, 2018
Figure 108: Middle East & Africa Volume Share (%), by Product Type, 2018
Figure 109: Middle East & Africa Revenue (US$ Bn), by Application, 2018 & 2026
Figure 110: Middle East & Africa Volume (Mn Ton), by Application, 2018 & 2026
Figure 111: Middle East & Africa Revenue Share (%), by Application, 2018
Figure 112: Middle East & Africa Volume Share (%), by Application, 2018
Table 1: Global Flat Glass Market Revenue (US$ Bn) Forecast, by Type, 2015–2026
Table 2: Global Volume (Mn Ton) Forecast, by Type, 2015–2026
Table 3: Global Revenue (US$ Bn) Forecast, by Product Type, 2015–2026
Table 4: Global Volume (Mn Ton) Forecast, by Product Type, 2015–2026
Table 5: Global Revenue (US$ Bn) Forecast, by Application, 2015–2026
Table 6: Global Volume (Mn Ton) Forecast, by Application, 2015–2026
Table 7: Global Revenue (US$ Bn) Forecast, by Region, 2015–2026
Table 8: Global Volume (Mn Ton) Forecast, by Region, 2015–2026
Table 9: North America Revenue (US$ Bn) Forecast, by Country, 2015–2026
Table 10: North America Volume (Mn Ton) Forecast, by Country, 2015–2026
Table 11: North America Revenue (US$ Bn) Forecast, by Type, 2015–2026
Table 12: North America Volume (Mn Ton) Forecast, by Type, 2015–2026
Table 13: North America Revenue (US$ Bn) Forecast, by Product Type, 2015–2026
Table 14: North America Volume (Mn Ton) Forecast, by Product Type, 2015–2026
Table 15: North America Revenue (US$ Bn) Forecast, by Application, 2015–2026
Table 16: North America Volume (Mn Ton) Forecast, by Application, 2015–2026
Table 17: Europe Revenue (US$ Bn) Forecast, by Country, 2015–2026
Table 18: Europe Volume (Mn Ton) Forecast, by Country, 2015–2026
Table 19: Europe Revenue (US$ Bn) Forecast, by Type, 2015–2026
Table 20: Europe Volume (Mn Ton) Forecast, by Type, 2015–2026
Table 21: Europe Revenue (US$ Bn) Forecast, by Product Type, 2015–2026
Table 22: Europe Volume (Mn Ton) Forecast, by Product Type, 2015–2026
Table 23: Europe Revenue (US$ Bn) Forecast, by Application, 2015–2026
Table 24: Europe Volume (Mn Ton) Forecast, by Application, 2015–2026
Table 25: Asia-Pacific Revenue (US$ Bn) Forecast, by Country, 2015–2026
Table 26: Asia-Pacific Volume (Mn Ton) Forecast, by Country, 2015–2026
Table 27: Asia-Pacific Revenue (US$ Bn) Forecast, by Type, 2015–2026
Table 28: Asia-Pacific Volume (Mn Ton) Forecast, by Type, 2015–2026
Table 29: Asia-Pacific Revenue (US$ Bn) Forecast, by Product Type, 2015–2026
Table 30: Asia-Pacific Volume (Mn Ton) Forecast, by Product Type, 2015–2026
Table 31: Asia-Pacific Revenue (US$ Bn) Forecast, by Application, 2015–2026
Table 32: Asia-Pacific Volume (Mn Ton) Forecast, by Application, 2015–2026
Table 33: South America Revenue (US$ Bn) Forecast, by Country, 2015–2026
Table 34: South America Volume (Mn Ton) Forecast, by Country, 2015–2026
Table 35: South America Revenue (US$ Bn) Forecast, by Type, 2015–2026
Table 36: South America Volume (Mn Ton) Forecast, by Type, 2015–2026
Table 37: South America Revenue (US$ Bn) Forecast, by Product Type, 2015–2026
Table 38: South America Volume (Mn Ton) Forecast, by Product Type, 2015–2026
Table 39: South America Revenue (US$ Bn) Forecast, by Application, 2015–2026
Table 40: South America Volume (Mn Ton) Forecast, by Application, 2015–2026
Table 41: Middle East & Africa Revenue (US$ Bn) Forecast, by Country, 2015–2026
Table 42: Middle East & Africa Volume (Mn Ton) Forecast, by Country, 2015–2026
Table 43: Middle East & Africa Revenue (US$ Bn) Forecast, by Type, 2015–2026
Table 44: Middle East & Africa Volume (Mn Ton) Forecast, by Type, 2015–2026
Table 45: Middle East & Africa Revenue (US$ Bn) Forecast, by Product Type, 2015–2026
Table 46: Middle East & Africa Volume (Mn Ton) Forecast, by Product Type, 2015–2026
Table 47: Middle East & Africa Revenue (US$ Bn) Forecast, by Application, 2015–2026
Table 48: Middle East & Africa Volume (Mn Ton) Forecast, by Application, 2015-2026
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