Global Flat Glass Market to Reach $169.58 Billion by 2025, Report Says

As per the report published by Fior Markets, The global flat glass market is expected to grow from USD 98.23 Billion in 2018 to USD 169.58 Billion by 2025 at a CAGR of 7.06% during the forecast period from 2018-2025. Asia Pacific region led the demand with USD 43.37 billion revenue in 2017 owing ton region witnessing huge construction activities in housing and commercial sector.

Key players in global flat glass market are Asahi Glass, Saint-Gobain, Nippon Sheet Glass, Guardian Industries, Taiwan Glass, Xinyi Auto, CSG Architectural, Corning Inc., Central Glass, Schott AG, Sisecam among others. 

End user industry is divided into construction, automotive, solar energy and others. Construction segment held largest market share of the global flat glass pie with 76.38% of total revenues in 2018 as flat glass is finding increasing acceptance for construction purposes with adoption of global green building practices. Automotive segment holds considerable market share on account of flat glass being utilized for manufacturing of shatterproof windows as well as windshields. Solar energy segment is expected to witness highest growth due to increasing utilization of low E glass for production of photovoltaic cells.

Global emphasis on energy efficiency is driving the demand for flat glass for architectural, construction, automotive and solar energy purposes. On the other hand energy intensive manufacturing process and implementation of stringent emission norms are expected to pose a major challenge to the global flat glass industry.