Global Flat Glass Market is estimated to be valued at US$ 121.7 Billion in 2021, according to the Flat Glass Market Report, by Glass Type (Tempered, Laminated, & Annealed; Coated Glass, Mirror Glass, and Others), by Application (Automotive Glasses, Windows & Glass Doors, Solar Panel, Façade, and Others), by End-use Industry (Automotive, Building and Construction, Energy, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
Global Flat Glass market was valued at US$ 121.7 Billion in 2021. Flat Glass market is expected to register a CAGR of 6.7% over the forecast period (2022–2030). Flat Glass is a glass produced in plane form, which can be bent later according to the applications. It is extensively used in applications such as modern architectural and automotive for glass doors, windows, transparent walls, and windscreens.
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Browse 50 market data tables* and 40 figures* on "Global Flat Glass Market” - Forecast to 2030.
Key Trends and Analysis of the Global Flat Glass Market:
- On the basis of Glass Type, coated glass segment is expected to witness significant market growth over the forecast period. The flat glass is coated to serve various functions such as self-cleaning properties and anti-reflection properties amongst others. Coated glass is extensively used in the building and construction industry for manufacturing windows, facades, and verandas. Coated glass has an invisible thermal shield, which retains the heat within the building, thereby improving solar gain.
Key Takeaways of the Global Flat Glass Market:
- Asia Pacific is expected to witness significant market share during the forecast period in the global flat glass market, owing to increasing sales of vehicles, rising demand for solar energy, rising adoption of energy efficient products, growing construction industry and others. Flat glass is used in the manufacture of solar control glass and low-E glass in energy-efficient buildings. According to the International Energy Agency, electricity generation from solar photovoltaic (PV) in India increased form 50,563 GWh in 2019 to 61,344 GWh in 2020.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the flat glass are key strategies adopted by players in the global flat glass market. For instance, in March 2022, France-based flat glass-maker Compagnie de Saint-Gobain S.A. invested to start a new float-glass line at its glass manufacturing facility in Sriperumbudur, Tamil Nadu, India.