The Flat Glass Market size was valued at USD 105.98 billion in 2020 and is predicted to reach USD 197.59 billion by 2030 with a CAGR of 6.2% from 2021-2030. Flat glass, also known as plate or sheet glass is manufactured by pouring the molten glass from a furnace into a chamber that contains a bed of molten tin. The atmosphere inside the chamber is carefully controlled during this process. It spreads 90 to 140 inches wide at a thickness determined at the time of manufacture. Flat glass is also produced via controlled chemical and thermal reactions to ensure toughness in its structure. Despite this, flat glass is highly customizable and flexible once it is made. Flat glasses are widely used in the consumer goods, building & construction, solar, and automotive industries, in applications such as solar panels, furniture, windshields, glass tabletops, transparent walls, wall mirrors, car mirrors, glass doors, and building facades among others. Flat glass is not only used for enhancing attractiveness of buildings, but it is also used as a technical and safety requirement in some applications like soundproof glazing, heat insulation, and as a resistance to UV. Market Segmentations and Scope of the Study: The flat glass market has been segmented based on type, raw material, end-use, and geography. Based on type, the market is bifurcated into basic float glass, toughened glass, coated glass, laminated glass, insulated, extra clear glass, and others. Based on raw material the market is divided into sand, soda ash, recycled glass, dolomite, limestone, and others. Based on end-use, the market is classified into construction, automotive, solar, electronics, and others. The construction segment is further classified into new, refurbishment, and interior. Under automotive, the market is sub-segment into OEM, and aftermarket. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW. Request for a free sample- https://www.nextmsc.com/Flat-Glass-Market/requestsample Geographical Analysis Asia-Pacific region holds the lion share of flat glass market and is expected to continue dominating the market during the forecast period. This is attributed to factors such as growth of various end-user industries like automotive, consumer electronics, building & construction, and various other industries. Also, China is the biggest producer of flat glass in the world, holding more than 50% share of the market. Many manufacturers in China have been geared to create products that meet the environmental standards and western production levels. Moreover, second-largest market share is held by Europe owing to increasing investment in the automotive and construction industry. In addition, presence of major
Flat Glass Market, 2022 Key Data Points Mapped for Industry Professionals
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.