Flat Glass Market to Grow by USD 29.1 Billion from 2024-2028 Driven by Solar Energy Demand, with AI-Powered Insights - Technavio

Oct 14, 2024

Oct 13, 2024, 18:56 ET

Share this article

NEW YORK, Oct. 13, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The Global Flat Glass Market size is estimated to grow by USD 29.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.92% during the forecast period. Demand from solar energy sector is driving market growth, with a trend towards increased construction of green buildings. However, high cost of flat glass poses a challenge - Key market players include AGC Inc., Cardinal Glass Industries Inc., Central Glass Co. Ltd., Compagnie de Saint Gobain, 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, TURKIYE SISE VE CAM FABRIKALARI A.S., Syracuse Glass Co., Taiwan Glass Ind. Corp., and Vitro SAB De CV.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Flat Glass Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 - 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.92%

Market growth 2024-2028

USD 29.1 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.79

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 77%

Key countries

China, US, India, Japan, and UK

Key companies profiled

AGC Inc., Cardinal Glass Industries Inc., Central Glass Co. Ltd., Compagnie de Saint Gobain, 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, TURKIYE SISE VE CAM FABRIKALARI A.S., Syracuse Glass Co., Taiwan Glass Ind. Corp., and Vitro SAB De CV

Market Driver

The construction industry consumes a significant portion of global energy, accounting for approximately 40% of total consumption. This energy usage is costly and contributes to high greenhouse gas emissions. Green buildings,

which are ergonomically designed to minimize energy consumption and efficiently utilize available energy, have gained prominence in response to these challenges. Flat glass is a key component in the construction of energy-efficient buildings, as it reduces the need for construction materials for walls and roofs. The global market for flat glass in the building industry is expected to grow substantially during the forecast period due to the increasing demand for green buildings in both developed and developing countries. This trend prioritizes energy efficiency and ecological sustainability, making flat glass an attractive option for architects and builders. The use of flat glass in buildings not only offers cost efficiency and an appealing aesthetic, but also contributes to reducing overall energy consumption and minimizing environmental impact.

The global flat glass market is experiencing significant growth in various sectors. Annealed and coater glasses are popular in building and construction for façades, doors, partitions, floorings, and windows. Reflective and processed glasses are used in solar industry and electronic displays. Solar glass, a key component of solar panels, is seeing due to solar capacity expansions and renewable energy trends. In automotive production, glass is used in automobiles for energy saving solutions and safety. Mirrors, switchable privacy glass, and self-cleaning glass are popular in residential construction and industrial real estate. Low emissivity windows and smart glass are energy efficiency solutions in building codes for smart cities. Ceramic substrates, tempered, and laminated glasses are used in architectural segment for green building projects and extruded aluminum frames. The market includes solar power applications, floating solar farms, and energy efficiency trends in the automotive market. Silicon PV cells are integrated with glass for solar power generation.

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This flat glass market report extensively covers market segmentation by

1.1 Construction- Flat glass is a versatile building material with significant applications in both residential and commercial sectors. Its primary use is in windows and door panels due to its ability to control light, heat, and radiation. In hot and cold climates, flat glass's cost-effectiveness, compared to wood and brick, is a major selling point. Furniture manufacturers also utilize flat glass for its durability and visual appeal. In interior design, it enhances ambiance and spreads natural light. Commercial buildings benefit from flat glass's large-scale use in design and environmental protection, reducing carbon emissions. European regulations, like insulated glazing, expand its commercial application. Self-cleaning flat glass is popular in tall buildings due to cleaning challenges. The global trend towards interior flat glass usage continues to grow.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The global flat glass market encompasses various types of glass including annealed, coater, reflective, processed, and mirror glass. This market caters to diverse industries such as building and construction, solar, automotive production, and more. In building and construction, flat glass is used for façades, doors, partitions, and floorings, contributing significantly to the industry's growth. Solar glass, a key segment, is experiencing a due to solar capacity expansions and the rise of floating solar farms and solar panels. Flat glass technology continues to evolve with energy-efficient coatings and innovations in the automotive sector, including electric vehicles and automobiles. Architects and designers play a crucial role in driving demand for flat glass in the construction sector, while environmental regulations and green building practices further fuel market growth.

Market Research Overview

The global flat glass market encompasses various types of glass, including annealed, coater, reflective, processed, and mirror glass. Applications span across building and construction, solar industry, automotive production, electronic displays, and more. In building and construction, flat glass is used for façades, doors, partitions, floorings, and windows, offering energy saving solutions through energy efficiency and compliance with building codes. In the solar industry, flat glass is integral to solar panels, solar power applications, and renewable energy projects, such as floating solar farms. The automotive market uses flat glass for automobiles and electric vehicles, particularly in windshields and side windows. The industry also focuses on innovations like low emissivity windows, smart glass, switchable privacy glass, and self-cleaning glass. Flat glass technology continues to evolve with energy-efficient coatings, ceramic substrates, and advanced materials like tempered and laminated glass. The architectural segment, green building projects, and sustainable practices are key growth areas for the flat glass industry.

Table of Contents:

1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation

7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

Contacts

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio