NEW YORK, March 12, 2024 /PRNewswire/ — The global flat glass market size is estimated to grow by 34.3 mn t from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.38% during the forecast period. The Flat Glass Market witnesses remarkable growth driven by the surge in solar capacity and the ascent of renewable energy sources. Solar farms, including floating installations, increasingly rely on flat glass for solar panels. Furthermore, the expanding electric vehicle (EV) sector, exemplified by endeavors such as General Motors’ establishment of EV production facilities, amplifies the demand for flat glass in automotive applications. The building & construction sector remains a pivotal consumer, employing flat glass in diverse applications such as façades, doors, partitions, floorings, and windows, underscoring its enduring significance in various industries.
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Flat Glass Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.38% |
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Market growth 2023-2027 |
34.3 mn t |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
4.61 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 67% |
Challenges
The Flat Glass Market is experiencing significant growth in the automotive sector, particularly for front and rear glass applications and convertible sunroofs. Flat glass is replacing metal components, contributing to lighter, fuel-efficient, and eco-friendly vehicles. Solar capacity expansions in the form of floating solar farms and solar panels are driving demand for flat glass in the building & construction industry. In the automotive industry, General Motors is leading the way with EV production facilities utilizing flat glass in façades, doors, partitions, and floorings. Additionally, flat glass is essential for windows in both industries.
Key Company
Flat Glass Market is fragmented ; the vendors are competing with competitors and are trying to get greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products. Flat Glass Market report includes information on the product launches, sustainability, and prospects of leading vendors including AGC Inc., Cardinal Glass Industries Inc., Central Glass Co. Ltd., CSG Holding Co. Ltd., Dillmeier Glass Co., Emerge Glass India Pvt. Ltd., Euroglas GmbH, Fuyao Glass Industry Group Co. Ltd., Koch Industries Inc., MFG SPA, Nippon Sheet Glass Co. Ltd., Pella Corp., PT Mulia Industrindo Tbk, Scheuten Glas Nederland BV, SCHOTT AG, Sisecam, Syracuse Glass Co., Taiwan Glass Ind. Corp., Vitro SAB De CV, Compagnie de Saint Gobain S.A. .
Key benefits for Companies
- The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
- It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
- The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. Expand operations in the future – To get requisite details, Download a sample report
Customer landscape
- One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
- Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
- Furthermore, market adoption rates for all regions have been covered. Download a sample report to get a holistic overview of the construction scaffolding rental market by industry experts to evaluate and develop growth strategies.
The market is segmented by application (new construction, refurbishment, and demolition) and product (supported, mobile, and suspended), end-user (non-residential, and residential).
Segmentation by End-User (inclusion/exclusion)
- Inclusion:
- Construction
The Flat Glass Market involves manufacturing and using clear, undistorted glass, mainly for windows. Growth is driven by solar capacity expansions for floating solar farms and panels. In the automotive sector, electric vehicle (EV) production, led by companies like General Motors, boosts demand for flat glass in EV exteriors and interiors. To get detailed insights about inclusions and exclusions, buy report.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
