From 2017 to 2025, the compound annual growth rate of flat glass market will reach 5.5%
Demand for flat glass is expected to increase significantly in all end markets in the coming years,which will also increase global flat glass market revenues.The global flat glass market is expected to grow from$58 billion in 2017 to$89 billion in 2025,with a compound annual growth rate of 5.5%.
According to glass types,the global flat glass market can be divided into annealed glass,tempered glass,laminated glass,coated glass,mirror glass,embossed glass and ultra-transparent glass.Tempered glass is expected to account for about 27%of the global flat glass market by the end of 2025.Annealed glass and laminated glass are expected to continue to attract the market and generate high benefits in the coming years.
The global flat glass market can be divided into float glass,sheet glass and extruded glass according to the production process.It is predicted that float glass will be far ahead of other glass and occupy more than 85%market share in the future.Between 2017 and 2025,float glass is expected to gain 140 basis points in market share.
By product application category,the global flat glass market is composed of construction,automotive,electronics,furniture,solar energy applications and other categories.Flat glass in construction is expected to see the highest revenue growth,with a market value of$63 billion by the end of 2025.
PMR Research further analyzed the global flat glass market by geography,including:Asia-pacific,North America,Latin America,Europe,Middle East and Africa.The Asia-pacific market is considered to be the region with the fastest growth in the coming year and the largest flat glass market in the world,with an estimated market share of more than 55%in the future.The asia-pacific region is forecast to grow by$18bn between 2017 and 2025.Market growth and market share in North America and Europe have steadily increased.Europe is still ahead of North America,the Middle East,Africa and Latin America in terms of market share due to the large automotive foundry industry and the huge demand for flat glass.
Some of the major manufacturers in the global flat glass market include:Asahi Glass,Saint Gobain,Plate Glass,Guardian,Central Glass,China Glass Holdings,Sisecam Group,Xinyi Glass,Vitro,Fuyao Glass,China South Glass,Robert Glass,Short,Taibo,Phoenicia,Obeikan,Emerge Glass India,Cardinal,Euroglas and Scheuten.
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