The Global Flat Glass Market Size report also covers drivers, restrains, value chain, Porter’s Five Forces analysis, and raw material analysis. The study covers the global flat glass market trends with a deep-dive into key regions and countries. It also includes the global flat glass market growth for the time period mentioned above. By 2025, the global flat glass market size is estimated to reach USD 150.38 billion by 2025 driven by the growing demand for the product from the end use industry, majorly from construction and automobile sector. Rising construction activities in the emerging economies coupled with favorable properties associated with glass are driving the global flat glass market growth.
Among the total flat glass production across the globe, 90% of the share is accounted by high-quality flat glass and rest accounts for low-quality float glass. 70% of this high-quality flat glass is used as safety & security glass in smart windows and 20% is used as solar control glass. The capability of smart glasses to change their shade on command or automatically is a dynamic property exhibited by this glass type which helps in the reduction of heat, glares, and also eliminates the need of shades and blinds, eventually creating more space.
Laminated glass is projected to post high gains in automobile applications, such as roof, side, and rear window. Nonetheless, advanced plastic polycarbonate shields that save the weight up to 30% with scratch resistance are likely to hamper the market gains of laminated glass in the automobile sector. The global laminated glass market demand is expected to be 4.92 billion square meters by 2025.
In terms of region, Asia Pacific accounted for a major market revenue share of more than 50%, both in terms of volume and value in 2017. China is the largest consumer as well as the largest producer of flat glass worldwide and accounts for 60% of the global flat glass market demand, both in terms of production and consumption.
Drivers shaping the global flat glass demand include, the growing acceptance of green buildings, energy conservation, decorative glass, and functional glass that enables digital printing in building and automobile. Furthermore, nanotechnology which is likely the future of the glass industry is estimated to drive the flat glass industry.
Technological advancement in terms of energy efficient machines in the production of glass is estimated to be the vital trend in foreseeable flat glass market. For instance, melting and refining is considered the most energy-intensive part of flat glass production and consumes nearly 70% of the total energy. Hence, there exists the important possibility for energy efficiency improvements both in process and service areas.
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