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Flat Glass Market is Projected to Grow $288.56 Billion with CAGR of above 10.3% by 2025 | Grand View Research, Inc.

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Flat Glass Market is Projected to Grow $288.56 Billion with CAGR of above 10.3% by 2025 | Grand View Research, Inc.

November 13
07:10 2019
Flat Glass Market is Projected to Grow $288.56 Billion with CAGR of above 10.3% by 2025 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global flat glass market size was estimated at USD 145.13 billion in 2018 and is projected to witness a CAGR of 10.3% from 2018 to 2025.

The global flat glass market size is expected to reach USD 288.56 billion by 2025 growing at a CAGR of 10.3%, according to a new report by Grand View Research, Inc. The growing popularity of safety glass, growth in construction industry, and increasing demand for solar power are anticipated to augment the growth of the market through the forecast period.

The growth of the flat glass industry is attributable to the increasing infrastructural development across the globe. The construction industry is growing significantly, especially in developing countries. Flat glass is used for both interior and exterior architectural purposes. Its usage is evident in windows, doors, railings, skylights, and furniture. Considering the negative impact of existing construction materials on health and environment, its consumption is increasing as a building material.

The accelerating growth in terms of solar power adaption in various parts of the world is boosting the product demand. The solar panels, which are made up of glass, are of major significance as their performance influences the yield of the entire system. Thus, the increase in solar panel production has a positive impact on the product demand.

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In terms of revenue, laminated segment is anticipated to grow at a CAGR of 9.1% during the forecast period. Its demand as a safety glass is propelling the market. There are regions that witness extreme weather conditions, where its usage becomes prominent. Its two-three layer structure absorbs strong impacts and prevents breakage and injuries to a larger extent.

The flat glass market witnesses high competitive rivalry, owing to presence of major players of the industry such as AGC Inc., Saint-Gobain, Nippon Sheet Glass Co. Ltd., Guardian Industries and Şişecam Group. Increasing production capacities and innovation in products are the major strategies adopted by the key players in the market. For example, in June 2018, Sisecam Group acquired Sangalli Vetro Manfredonia facility, with an aim to increase its production capacity in Italy.

U.S. flat glass market size, by product, 2014 - 2025 (USD Billion)

Further key findings from the report suggest:

  • In terms of revenue, architectural was the largest application segment in 2018 accounting for a share of 75.3% due to growing infrastructural development in emerging economies
  • In terms of revenue, insulated segment is expected to grow at a CAGR of 11.1% during the forecast period with regard to increasing demand in construction sector
  • In terms of revenue, Central & South America is anticipated to witness the fastest growth of 12.5% from 2018 to 2025 owing to growing construction activities and automotive production in the region
  • Basic glass segment had a revenue share of 6.4% of the overall flat glass market in 2018, owing to its applications in solar panels and construction
  • In June 2017, Saint-Gobain began construction of its new flat glass production line in Mexico to cater to growing demand from construction and automotive applications.

Global flat glass market share, by application, 2018 (%)

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Key Topics Covered 

Chapter 1 Methodology & Scope
                    1.1 Market segmentation & Scope
                        1.1.1 Product Market Scope
                        1.1.2 Application Market Scope
                        1.1.3 Regional Market Scope
                        1.1.4 Estimates & Forecast Timeline
                        1.1.5 Assumptions
                    1.2 Information procurement
                    1.3 Information analysis
                    1.4 Market formulation & data visualization
                    1.5 Data validation & publishing
                    1.6 List to Data Sources
                    1.7 List of Abbreviations
Chapter 2 Executive Summary
                    2.1 Market Snapshot
Chapter 3 Flat Glass Market Variables, Trends, & Scope
                    3.1 Market definition
                    3.2 Market outlook
                    3.3 Penetration & growth prospect mapping
                    3.4 Industry value chain analysis
                        3.4.1 Raw Material Trends
                    3.5 Technology overview
                        3.5.1 Manufacturing Process Of Flat Glass
                        3.5.2 Innovation In Solar Panels
                        3.5.3 Corning Glass Technologies
                    3.6 Regulatory landscape
                        3.6.1 Policies Specific To China
                    3.7 Market variables analysis

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Browse Related Reports:

Ultra-Thin Glass Market  By Application, (Flat Panel Displays, Semiconductors, Automotive Glazing) By Region, And Segment Forecasts, 2019 – 2025:

https://www.grandviewresearch.com/industry-analysis/ultra-thin-glass-market

Printed Textile Market By Ink Type, By Product, By Technology, By Application (Fashion, Household, Technical Textiles), By Region, And Segment Forecasts, 2019 – 2025:

https://www.grandviewresearch.com/industry-analysis/printed-textile-market

About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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