Flat Glass Market

Flat Glass Market Study by Insulated, Laminated, Tempered, and Basic for Automotive and Architecture from 2024 to 2034

Analysis of Flat Glass Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Flat Glass Market Outlook (2024 to 2034)

The global flat glass market size is poised to reach a value of US$ 311.4 billion in 2024. Revenue from the sales of flat glass is estimated to increase at 4.5% CAGR and reach US$ 483.6 billion by the end of 2034, as mentioned in the recently updated industry report by Fact.MR. The increasing use of flat glass as one of the pivotal materials utilized in the scientific and industrial sectors is estimated to widen the opportunities for market players going forward.

Fiber glass is consumed in a wide variety of products, including windscreens, solar panels, building facades, windows, etc. Some of the prominent end-use industries of flat glass are construction, building, automobiles, etc. Flat glass is utilized as a pivotal component in reducing the effects of climate change. It assists in conserving energy through the production of high-performance architectural glass products and also helps in minimizing GHS (greenhouse gas) emissions.

Extensive application range of flat glass, including optical healthcare, electronics, telecommunication, and aerospace is set to contribute to the expanding market size in the coming 10 years. An increasing requirement for renewable energy is estimated to lead to the use of flat glass in photovoltaic modules, solar panels, and e-Glass constructions. It is also displacing traditional materials, including wood, stone, sand, etc. Its transparency and recyclability, increased comfort for building occupants, and assistance in reduced pollution are contributing to growing demand.

Expanding automotive industry is also responsible for the rising demand for flat glass. Tempered glass is used significantly by various automotive makers because of its shatterproof features, which are projected to help avoid potential life risks and severe injuries during accidents.

  • Worldwide sales of flat glass for use in the automotive sector are expected to rise at a CAGR of 4% and reach US$ 137.3 billion by 2034.
  • North America is forecasted to account for 27.6% of the global flat glass market share by the end of 2034.
  • Demand for flat glass in Japan is evaluated to increase at 3.8% CAGR from 2024 to 2034.
Report Attribute Detail
Flat Glass Market Size (2024E) US$ 311.4 Billion
Forecasted Market Value (2034F) US$ 483.6 Billion
Global Market Growth Rate (2024 to 2034) 4.5% CAGR
South Korea Market Growth Rate (2024 to 2034) 6.4% CAGR
Market Share of Insulated Flat Glass (2034F) 21.7%
East Asia Market Share (2034F) 28.5%
Key Companies Profiled Fuyao Glass Industry Group Co. Ltd.; AGC Inc.; iEcam Group; Central Glass Ltd.; Saint-Gobain; Cevital Group; Nippon Sheet Glass Co. Ltd.; China Glass Holding Ltd.; Guardian Industries; Euroglas.

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Why is Demand for Flat Glass Gaining Traction across the World?

“Expanding Building & Construction Industry Driving Demand for Flat Glass”

Expansion of the building & construction industry is estimated to increase demand for flat glass. This material is utilized in the construction of doors, windows, solar cells, tabletops, walls, furniture, and cabinet locks. The rising standard of living is projected to lead to a growing increase in non-residential and residential construction projects. Moreover, supporting government regulations on smart glass technology and energy efficiency are set to positively influence flat glass market trends.

More people are slowly making a shift to innovative methods for decorating their workplaces and homes. Flat glass due to its benefits is utilized in multiple domains for uplifting the décor of offices and homes. Numerous advantages are offered by flat glass, such as absorption, refraction, corrosion resistance, light transmission, better insulation, dust resistance, etc. Thus, a growing focus on appeal & look in interiors is forecasted to lead to the requirements for luxury construction, which is ultimately leading to rising consumption of flat glass.

Which Roadblocks are Flat Glass Manufacturers Striving to Eradicate?

“Fluctuating Prices of Raw Materials Required for Flat Glass Production”

Prices of raw materials used in the production of flat glass are not fixed. Constant fluctuations are experienced in the cost of these materials, which are somewhere resulting in the increased cost of final products, and therefore adversely impacting demand for flat glass.

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What Potential Does This Business Hold for New Companies?

“Investing More in R&D Activities for Product Innovations”

Aspiring market players are expected to invest more in R&D activities conducted to provide more efficient solutions. They need to put efforts into offering more quality products at pocket-friendly prices helping end users match requirements. Bringing stability in the cost of the final product is another factor on which startups are forecasted to work going forward.

Country-wise Insights

East Asia is poised to hold 28.5% share of global market revenue by the end of 2034, as revealed in the recently updated report by Fact.MR, a market research and competitive intelligence provider. Rising infrastructure development in potentially high growth countries in the region is estimated to lead to growing construction activities, which is further contributing to the increasing consumption of flat glass.

Why is the United States a Lucrative Market for Manufacturers of Flat Glass?

“Extensive Application of Flat Glass in Construction, Automotive, and Energy Sectors”

Attribute United States
Market Value (2024E) US$ 61.2 Billion
Growth Rate (2024 to 2034) 4.8% CAGR
Projected Value (2034F) US$ 98.1 Billion

The United States is evaluated to capture a share of 73.5% of the North American market by the end of 2034. In recent years, an increase in residential building activities is expected to have a positive impact on the expansion of the flat glass market size. Favorable government initiatives for encouraging the adoption of electric vehicles along with the rising construction of environment-friendly and sustainable green buildings are anticipated to help in the rising demand for flat glass.

The government in the United States is taking initiatives to minimize dependency on conventional sources of energy, which is generating requirements for solar panels. Flat glass is used as one of the vital components of solar panels. Thus, the growing installation of solar panels is set to have a positive impact on flat glass demand.

What Makes China a Profitable Market for Flat Glass Suppliers?

“Construction Sector Accounts for High Consumption of Flat Glass”

Attribute China
Market Value (2024E) US$ 49.8 Billion
Growth Rate (2024 to 2034) 4.7% CAGR
Projected Value (2034F) US$ 79 Billion

China is forecasted to hold 57.3% share of the market in East Asia by 2034-end. Infrastructure development in the country is leading to the growing consumption of flat glass in the construction sector. Increasing investment in the construction sector is contributing to the preference for automated methods. Increased spending in commercial developments, mall/shopping complexes, and township operations and administration is forecasted to generate demand for required construction products, which is resulting in the flat glass market growth in the country.

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Category-wise Insights

Fact.MR, in its recently updated report, mentioned that insulated flat glass is anticipated to find application for multiple purposes. Storefronts, curtain walls, non-vision locations, overhead glazing, and operable and commercial windows use flat glass for its effectiveness.

Which Type of Flat Glass is Highly Preferred by End Users?

“Insulated Flat Glass Preferred for its Heat Loss Prevention Feature”

Attribute Insulated Flat Glass
Segment Value (2024E) US$ 67.3 Billion
Growth Rate (2024 to 2034) 4.5% CAGR
Projected Value (2034F) US$ 104.9 Billion

Insulated flat glass is projected to account for 21.7% of global market revenue share by 2034-end. Non-vision locations, storefronts, curtain walls, overhead glazing, and operable and commercial windows are some of the popular applications of insulated flat glass, which are forecasted to widen opportunities for market players. In addition, various market players are concentrating on expanding their production capacities.

For instance :

  • Pilkington IGP has taken an interest in the expansion of its manufacturing facility situated in Ostroleka in February 2020. This initiative was taken to match the rising requirements for highly specialized products, such as flat glass, etc., in the construction and architecture markets.

Where is Flat Glass Used on a Larger Scale?

“High Usage of Flat Glass in Automotive Sector”

Attribute Automotive
Segment Value (2024E) US$ 92.5 Billion
Growth Rate (2024 to 2034) 4% CAGR
Projected Value (2034F) US$ 137.3 Billion

The automotive sector is calculated to occupy 38.4% share of the global market by the end of 2034. Extensive use of flat glass in a wide variety of applications in the automotive sector is estimated to contribute to its increased demand. They find application in side panels, sunroofs, automotive windshields, doors, and windows. A growing demand for automobiles is anticipated to lead to their production, which is subsequently driving demand for flat glass.

Competitive Landscape

The presence of various flat glass manufacturers is anticipated to make the global market highly competitive. They are actively involved in new product development, supplying quality products, and effectively managing their supply chain systems. Moreover, companies are adopting multiple strategies to strengthen their footprints and generate leads.

For instance :

  • Guardian Glass, in September 2020, started its second float glass facility in Poland. This new facility is estimated to give the construction and architect markets easy access to various high-performance products.

Key players in the flat glass market include Fuyao Glass Industry Group Co. Ltd., AGC Inc., iEcam Group, Central Glass Ltd., Saint-Gobain, Cevital Group, Nippon Sheet Glass Co. Ltd., China Glass Holding Ltd., Guardian Industries, and Euroglas.

Fact.MR provides detailed information about the price points of key manufacturers of flat glass positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Flat Glass Market Research

  • By Product Type :

    • Insulated
    • Laminated
    • Tempered
    • Basic
    • Others
  • By Application :

    • Automotive
    • Architecture
    • Others
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • MEA

- FAQs -

How big is the flat glass market in 2024?

The global flat glass market is calculated at US$ 311.4 billion in 2024.

What is the sales projection for flat glass for 2034?

Worldwide sales of flat glass are anticipated to reach US$ 483.6 billion by 2034.

At what rate is the demand for flat glass forecasted to increase?

The global market is approximated to expand at a CAGR of 4.5% from 2024 to 2034.

How much share of global market revenue is East Asia expected to hold?

East Asia is projected to account for 28.5% of the global market share by 2034-end.

At what rate is the demand for flat glass evaluated to increase in South Korea?

The market in South Korea is evaluated to advance at 6.4% CAGR from 2024 to 2034.

What is the market scenario for insulated flat glass?

Global demand for insulated flat glass is calculated to increase at 4.5% CAGR and reach a value of US$ 104.9 billion by 2034.

Who are the leading producers of flat glass?

Central Glass Ltd., Saint-Gobain, AGC Inc., Guardian Industries, and Euroglas are leading companies manufacturing flat glass.

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