Emerging Trends in the Flat Glass Industry You Need to Know

Flat Glass Industry Data Book - Coated Glass, Home Appliance Glass, Fire Resistance Glass, Automotive Glass and Glass Facade Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Flat Glass Industry generated over USD 292.95 billion in 2022 and is projected to grow at a CAGR of more than 4.1% from 2022 to 2030

Grand View Research’s flat glass industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Access the Global Flat Glass Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Coated Glass Market Growth & Trends

The global coated glass market size is anticipated to reach USD 71.71 billion by 2030 and is anticipated to expand at a CAGR of 9.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. Expansion of the solar industry supported by favorable government regulations is likely to contribute to the growth of the market.

Solar industry across the globe is anticipated to witness significant growth, especially in terms of capacity. Factors such as depletion of non-renewable resources, growing electricity demand, reductions in cost of solar installations, advancements in technology, and government regulations are propelling an increase in solar capacities. These factors are expected to play a vital role in penetration of coated glass in solar industry over the forecast period.

China is estimated to be a key market for coated glass at a global level. China was the largest construction industry in Asia Pacific between 2017 and 2021. Construction has witnessed a slowdown in the country since 2022 and has detected fluctuations in recent years. However, the industry is expected to grow due to affordable housing and social infrastructure. China is a key consuming country for coated glass, and its advanced infrastructural developments have taken the usage of products to next level.

European construction industry is projected to attract significant demand over coming years. As per the Centre for Economics and Business Research, the UK is predicted to be the largest construction market in Europe, and it is anticipated to pass Germany by 2030. Investments in mega projects through government and private funding are likely to fuel industry growth. For instance, in 2022, the construction of booking.com’s headquarters was one of the most significant urban projects in Western Europe. This is a positive sign for coated glass industry in Europe.

Order your copy of the Free Sample of “Flat Glass Industry Data Book - Coated Glass, Home Appliance Glass, Fire Resistance Glass, Automotive Glass and Glass Facade Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Automotive Glass Market Growth & Trends

The global automotive glass market size is expected to reach USD 46.39 billion by 2030, registering a CAGR of 4.5% during the forecast period, according to a new report by Grand View Research, Inc. Growing emphasis on electric vehicles and new norms such as BS VI in India which would bring Indian motor vehicle regulations into alignment with European Union regulations are anticipated to drive the automotive glass production across the forecast period.

Despite the decline in automotive production in 2018 and 2019, the market is expected to witness growth on account of the rise in production of commercial vehicles and increasing product demand from the aftermarket. The increasing number of vehicles on the road, along with growing accidents, drives the need for repair, maintenance, and replacement, which would subsequently drive the demand for glass.

Innovation and technological advancements are the key factors driving the market growth. Various technological advancements are being witnessed in the applications of automotive glass. For instance, new features were introduced in windshields and sunroofs for luxury cars in 2019. Growing demand for smart glass technology is likely to drive the product utilization in windshields over the forecast period.

Increasing demand for commercial transportation services such as buses and taxicabs are anticipated to boost the demand for light commercial vehicles (LCVs). In addition, rapid urbanization, improved road infrastructure, and supportive regulatory policies are expected to boost the demand for LCVs, thereby resulting in market growth.

Go through the table of content of Flat Glass Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Flat Glass Industry are:

• AGC Inc
• CARDINAL GLASS INDUSTRIES, INC
• Central Glass Co. Ltd.
• CEVITAL Group
• China Glass Holding Ltd.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Flat Glass Industry: Home Appliance Glass Market Size to expand at 4% CAGR by 2030

Flat Glass Industry Data Book - Coated Glass, Home Appliance Glass, Fire Resistance Glass, Automotive Glass and Glass Facade Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Flat Glass Industry was valued at USD 292.95 billion in 2022 and is anticipated to increase at a significant CAGR of 4.1% from 2023 to 2030.

Grand View Research’s flat glass industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Coated Glass Market Insights

The global coated glass market size was estimated at USD 32.32 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030. Rising penetration of green buildings and increasing emphasis on improving energy efficiency are projected to benefit market growth over the coming years. Coated glass is used in residential and commercial buildings to cool rooms and allow maximum visible light. By reflecting infrared energy, temperature inside building is cooler, reducing dependence on air conditioning systems. This product is also used in colder regions to maintain a warm temperature in the room. In the building & construction industry, coated glass is generally used as insulated glazing units in façades and windows. As a result, the growth of the construction industry in the US is predicted to benefit the coated glass industry.

The US's USD 1.2 trillion Bipartisan Infrastructure Bill is expected to prove fruitful for market growth. This bill is projected to drive the structure value for transportation infrastructure at a standard rate of 8.9% from 2020 to 2025, which is anticipated to benefit the expansion of rails, ports, bridges, telecommunications, water transport, EVs, broadband, and energy. Construction industry recovered well in 2021 as COVID-19 cases were reduced. However, it witnessed subdued demand in 2022 due to tighter and aggressive monetary policy and higher borrowing rates. The industry outlook remained uncertain throughout 2023 owing to looming recessionary fears and soaring energy prices.

Jumbo-coated architectural glass is a significant trend in the global market. As a result, companies are establishing jumbo coaters to serve their demand. For instance, in December 2023, Emirates Glass LLC, a leading glass industry company, continued to focus on innovation and quality standards with investment in new machinery & equipment to install a Jumbo Series production line with Vortex Pro Convection technology. This latest production line can manufacture coated glass with high and low emissivity levels of 8cm and 0.02cm, respectively.

Order your copy of the Free Sample of “Flat Glass Industry Data Book - Coated Glass, Home Appliance Glass, Fire Resistance Glass, Automotive Glass and Glass Facade Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Home Appliance Glass Market Insights

The global home appliances glass market size was valued at USD 7.32 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Increasing sales and the production of refrigerators, ovens, display cabinets, microwaves, and induction cooktops are anticipated to augment the market growth. In September 2021, as part of its USD 60 million investment, GE Appliances opened a new assembly line for producing four-door refrigerators in Kentucky, U.S. Tempered glass is a common material used in the interior, exterior, and control panels of appliances such as refrigerators, cookware, and microwaves. Thus, rising investments in expanding the production capacity of appliances are benefiting market growth.

The penetration of connected devices is increasing in developing economies such as India as well, which is anticipated to prove fruitful for market growth. For instance, in November 2022, Up, a Bengaluru, India-based smart home appliance start-up company, raised USD 1.3 million in pre-seed funding. The start-up company is engaged in making connected home appliances and will use its funding in a go-to-market strategy for its first product delishUp.

The market growth is however anticipated to be restrained by the availability of substitutes. For instance, acrylic polymer makes an excellent replacement for glass on account of its optical clarity, less weight, and scratch resistance. As a result, along with windows and lenses, acrylic is replacing the product in refrigerators as well.

Go through the table of content of Flat Glass Industry Data Book to get a better understanding of the Coverage & Scope of the study

Flat Glass Industry Data Book Competitive Landscape

Market players formulate their strategies keeping in mind the rising penetration of flat glass in numerous applications, advancements in glass and coating technologies, and raw material costs, along with the performance of the key application industries namely automotive, construction, energy, and electrical. Key players are focused on developing innovative products.

Key players operating in the Flat Glass Industry are:

• China Glass Holding Ltd.
• Euroglas
• Fuyao Glass Industry Group Co., Ltd.
• Gurdian Industries
• Nippon Sheet Glass Co., Ltd.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

Growing Preference for Look & Appeal in Interiors Augmented the Demand for Flat Glass Industry

Flat Glass Industry Data Book - Coated Glass, Home Appliance Glass, Fire Resistance Glass, Automotive Glass, and Glass Facade Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s flat glass industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research. 

Access the Global Flat Glass Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Coated Glass Market Report Highlights

The global Coated Glass Market size was estimated at USD 32.32 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030.

• Based on application, architecture emerged as the largest segment in 2021, accounting for a volume share of over 92.0%. Growth in the construction of green buildings coupled with rising awareness associated with energy efficiency is likely to benefit the market growth
• Automotive segment is anticipated to grow at a CAGR of 6.8% from 2022 to 2030, in terms of revenue. The growth of the segment is likely to be driven by rising demand for lightweight vehicles and the growing penetration of coated glass
• Asia Pacific accounted for a revenue share of 35.0% in 2021 and is expected to register the highest CAGR over the forecast period. The growth of the region is anticipated to be driven by the growing construction and infrastructure industry in China and India
• The soft coating segment is likely to remain the fastest-growing segment over the forecast period. Benefits associated with less UV radiation is anticipated to augment the growth of the market

Order your copy of Free Sample of “Flat Glass Industry Data Book - Coated Glass, Home Appliance Glass, Fire Resistance Glass, Automotive Glass, and Glass Facade Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Home Appliance Glass Market Report Highlights

The global Home Appliance Glass Market size was estimated at USD 7.3 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030.

• Based on application, refrigerators are expected to witness the fastest growth over the forecast period. This can be attributed to the rising use of glass in refrigerator shelves and doors
• In terms of revenue, cooking appliances are anticipated to register a CAGR of 3.5% over the forecast period. Growing demand for cooking appliances due to the rising middle-class population and improving living standards are expected to boost the demand for glass over the coming years
• India is expected to register a lucrative CAGR of 5.7%, in terms of revenue, over the forecast period. India has immense growth potential owing to its rapid development and large population, which, in turn, is attracting new investors. For instance, in April 2022, the Europe-based BSH Home Appliances Group announced to achieve 75% localization in the country by 2025
• The market is characterized by intense competition owing to the presence of a number of players opting for operational cost optimization through business restructuring

Go through the table of content of Flat Glass Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The flat glass market is highly competitive in nature owing to the presence of several major players. AGC, Inc., Saint-Gobain, Nippon Sheet Glass Co., Ltd., Guardian Industries, Fuyao Glass Industry Group Co., Ltd., Şişecam Group, and Central Glass Co., Ltd. are among the major manufacturers of glass in the world. The sustained growth in demand for flat glass in architecture, automotive, and solar applications is prompting key players to expand their target markets and global footprint.

Key players operating in the Flat Glass industry are:

• AGC Inc
• CARDINAL GLASS INDUSTRIES, INC
• Central Glass Co. Ltd.
• CEVITAL Group
• China Glass Holding Ltd.
• Euroglas

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter