Competition Scenario In Global Flat Glass Market
The Global Flat Glass Market is highly competitive with ~300 players which include globally diversified players, regional players as well as a large number of country-niche players.
Large global players control the majority share of the market in terms of revenue, while regional players hold the second largest share. Some of the major players in the market include AGC Inc., Guardian Industries, Nippon Sheet Glass Co. Ltd., Pilkington Group Limited, Vitro S.A.B. de C.V., CSG Holding Co. Ltd., Taiwan Glass Ind. Corp., Turkiye Sise ve Cam Fabrikalari AS, Tomakk Glass Partners, Flat Glass Group Co. Ltd., Compagnie de Saint-Gobain S.A., Fuyao Glass America Inc. among others.
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The leading global companies such as AGC Inc., Guardian Industries, and Nippon Sheet Glass Co. Ltd. highly focus on new product launches and expansion of production to increase their market presence.
What is the Expected Future Outlook for the Overall Global FLAT GLASS Market Across the globe?
The Global Flat Glass market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Flat Glass market is driven by the increasing penetration of glass architecture in the residential and non-residential construction industry. Furthermore, increasing solar energy installations across the globe and growing demand from the automobile industry is also expected to boost the market growth. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing innovation and emergence of new products, the Global Flat Glass market is changing rapidly. For instance, In September 2020, Guardian Industries inaugurated its second float glass facility in Poland for the production of a technologically advanced new glass coater. The new facility aims at catering to the growing demand for high-performance products in the architectural and construction markets.
In June 2021, Nippon Sheet Glass Co. Ltd. launched its antibacterial and antiviral-coated glass; NSG Purity. These glasses come with antiviral and antibacterial coating and also kill 99.9% of viruses and bacteria and do not allow bacteria to enter homes.
Furthermore, In April 2021, AGC Inc. developed the Smart Inventory System for the automated management of raw materials. The system was fully deployed at its Kansai Plant, Takasago Factory, and Amagasaki Factory. This initiative is expected to promote the handing down of technology & skill among workers and to reduce annual labor hours by 1,000 hours.
The Global Flat Glass Market is forecasted to continue moderate growth, which is primarily driven by increasing glass architecture in the residential and non-residential construction industry. Furthermore, rising solar energy installations across the globe and growing demand from the automobile industry are expected to boost the market growth. The market size is estimated to be ~US$ 110 Bn in 2022 and is expected to reach ~US$ 160 Bn by 2028 growing with a CAGR of around 6%. Asia Pacific is the dominant region in terms of revenue generation. Though the market is highly competitive with ~300 participants, few global players control the dominant share, and regional players also hold a significant share.
Key Topics Covered in the Report
- Snapshot of the Global Flat Glass Market
- Industry Value Chain and Ecosystem Analysis of the Flat Glass Market
- Market size and Segmentation of the Global Flat Glass Market
- Historic Growth of the Overall Global Flat Glass Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Flat Glass Industry
- Overview, Product Offerings, and Developments of Key Competitors
- COVID-19 Impact on Overall Global Flat Glass Market
- Future Market Forecast and Growth Rates of the Total Global Flat Glass Market and By Segments
- Market Size of Application/End-user Segments with Historical CAGR and Future Forecasts
- Analysis of the Flat Glass Market in Major Regions
- Major Production/Supply and Consumption/Demand Hubs in Each Major Region
- Major Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region.
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Major Players Mentioned in the Report
- AGC Inc.
- Guardian Industries
- Nippon Sheet Glass Co. Ltd.
- Pilkington Group Limited
- Vitro S.A.B. de C.V.
- CSG Holding Co. Ltd.
- Taiwan Glass Ind. Corp.
- Turkiye Sise ve Cam Fabrikalari AS
- Tomakk Glass Partners
- Flat Glass Group Co. Ltd.
- Compagnie de Saint-Gobain S.A.
- Fuyao Glass America Inc
Notable Emerging Companies Mentioned in the Report
- INOVUES, INC.
- PyroCore Limited.
- Gold Plus Float Glass
- Arabian United Float Glass Company
- Glass Partners
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Flat Glass Manufacturers
- Regulatory Authorities for Glass Industry
- Consulting companies in the Flat Glass Market
- Flat Glass Raw Material Suppliers
- Company Research and Development Institutes
- Market Research & Consulting Firms
- Banking and Financial Service Providers
- Construction Materials Suppliers
- Vehicle Manufacturers
- Auto Component Manufacturers
- Government & Regulatory Authorities
- Glass Research institutes
- Glass Material Suppliers
- Investors in Glass Manufacturing Industry
- Glass Testing & Inspection Companies
Time Period Captured in the Report
- Historical Period: 2017H-2021H
- Forecast Period: 2022E-2028F
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