The global flat glass market, which was valued at US$ 274 billion in 2021, is anticipated to grow significantly between 2022 and 2032, with a steady CAGR of 4.5%. By 2032, this industry’s market is expected to be worth US$445 billion at this growth rate.

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Demand for flat glass is expected to remain strong in the coming years, driven by rising construction and modernization activities worldwide. The automotive industry is also a major contributor to flat glass demand, as it is increasingly used in the production of windshields, rearview mirrors, and windows for vehicles. Furthermore, the growing demand for solar panels and photovoltaic cells is likely to augment the demand for flat glass. The growing energy efficiency trend is also likely to fuel the demand for flat glass in the forecast period. The growing popularity of smart homes is expected to boost the demand for flat glass, as it is increasingly used in smart windows, doors, and skylights.

Key Players

• AGC Inc.
• Central Glass Ltd.
• Cevital Group
• China Glass Holding Ltd.
• Euroglas
• Fuyao Glass Industry Group Co. Ltd.
• Guardian Industries
• Nippon Sheet Glass Co. Ltd.
• Saint-Gobain
• iEcam Group

Competitive Landscape

Due to the presence of several major players, the market is highly competitive and fragmented. The companies are taking various strategic initiatives to recover losses resulting from the pandemic and to strengthen their market positions.

• Guardian Glass opened its second float glass facility in Poland in September 2020. With the opening of the new facility, the architect and construction markets will have easier access to high-performance products.
• In October 2020, AGC Inc. decided to integrate the Architectural Glass Business in Japan with Central Glass Co. by the fourth quarter of the fiscal year ending December 31, 2021.

Key Segments Covered in the Flat Glass Industry Survey

• By Product
  • Insulated Flat Glass
  • Laminated Flat Glass
  • Tempered Flat Glass
  • Basic Flat Glass
  • Other Flat Glass Products
• By Application
  • Automotive Flat Glass
  • Architectural Flat Glass
  • Other Flat Glass Applications