Flat Glass Market
The global Flat Glass market is forecast to reach USD 189.65 Billion by 2027, according to a new report by Reports and Data. Insulated flat glass is experiencing increasing deployment because it reduces pollution, saves energy, and improves comfort inside the building. The improved properties of sound insulation and thermal insulation provided by these products are expected to stimulate demand. Factors such as growing urbanization, the increase in the real estate sector, the use of solar products, and product innovation are providing substantial stimulus for market growth. The growth of the solar energy market, due to the growing dependence on renewable energies, as well as the subsidies available for energy storage, will propel the growth of the studied market. As there are only a few products involved in the production of flat glass, they cannot be replaced by others. However, fluctuating commodity prices, coupled with weak supply chain management, have a significant effect on the overall price of flat glass products, which undermines market growth.
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The materials and chemical industry has registered a rapid revenue growth over the recent past owing to the constant requirement for materials and chemicals across various sectors including agriculture, pharmaceutical and biotechnology, paper, healthcare, food and beverage, and manufacturing among others. Rapid demand for products like perfumes, soaps, detergents for daily usage, increasing adoption of green energy and organic products, increasing investments in research and development activities, and rising support from various public and private sectors are key factors fueling global Flat Glass market growth. In addition, factors such as rising disposable income, increasing efforts to reduce carbon footprint and consumer shift to eco-friendly and sustainable products are expected to fuel overall market growth going ahead.
The COVID-19 impact:
The COVID-19 pandemic is expected to have a massive downward impact on the global flat glass market in 2020, the reason being the reduction in construction activities, which were responsible for 82% of total demand in volume terms in 2018. After the pandemic, however, trends discussed in the study of the Global Flat Glass Market do hold ground, as a significant change in the long-term outlook is not expected.
The report additionally evaluates the manufacturers of the market with respect to market size and share, distribution, sales network and distribution channels, global position, recent research and development activities, and product portfolio among others to offer a competitive edge to the readers. The report also sheds light on the recent mergers and acquisitions, joint ventures, collaborations, and partnerships happening in the market that are significantly influencing the revenue growth. The competitive landscape section also covers SWOT analysis and Porter’s Five Forces analysis to provide better insights into the competition in the market. The companies dominating the global Flat Glass market with largest shares are Saint Gobain, Asahi Glass Company, Corning, China Glass Holding, Nippon Sheet Glass, Vitro, Guardian, Euroglass, Cardinal, and Schott, among others.
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The report also evaluates the regions of the market with regards to the market size, share, volume, value, production and consumption patterns, supply and demand dynamics, trends, consumer demands, and the existence of key players in major geographical regions of the world. It also covers a country-wise analysis to provide better insights into the market growth and upcoming growth opportunities. The key regions assessed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Outlook (Revenue, USD Billion; 2017-2027)
Toughened Glass
Basic Float Glass
Laminated Glass
Insulated Glass
Coated Glass
Extra Clear Glass
Technology Outlook (Revenue, USD Billion; 2017-2027)
Sheet Glass
Rolled Glass
Float Glass
Application Outlook (Revenue, USD Billion; 2017-2027)
Architectural
Automotive
Solar Energy
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