The compound annual growth rate of the flat glass market will reach 5.5% from 2017 to 2025.
According to the type of glass, the global flat glass market can be divided into annealed glass, tempered glass, laminated glass, coated glass, mirror glass, embossed glass and ultra-clear glass. It is estimated that the market share of tempered glass will 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 in the next few years and generate high efficiency.
The global flat glass market can be subdivided into float glass, original glass and rolled glass according to the production process. It is predicted that float glass will be far ahead of other glass and occupy more than 85% of the market share in the future. From 2017 to 2025, float glass is expected to gain 140 basic points in market share.
According to the product application category, the global flat glass market consists of buildings, automobiles, electronics, furniture, solar applications and other categories. Building flat glass revenue is expected to grow at a very high rate, with a market capitalization of $63 billion by the end of 2025.
PMR Research has further analyzed the global flat glass market based on geographic location, including Asia Pacific, North America, Latin America, Europe, Middle East and Africa. The Asia-Pacific market is considered to be the fastest growing region in the next year and is also a large flat glass market in the world. It is expected to have a market share of over 55% in the future. It is predicted that between 2017 and 2025, the market value of the Asia-Pacific region will increase by 18 billion US dollars. The growth rate and market share of the North American and European markets have steadily increased. Due to the large number of automotive processing industries in the European market, the demand for flat glass is huge, and its market share will still be ahead of North America, the Middle East, Africa and Latin America.
Some of the major producers in the global flat glass market include: Asahi Glass, Saint-Gobain, Banzizi, Guardian, Central Glass, China Glass Holdings, Sisecam Group, Xinyi Glass, Vitro, Fuyao Glass, China Southern Glass, AoHong Glass ,Luobo, SCHOTT, Taiwan Glass, Phoenicia, Obeikan, Emerge Glass India, Cardinal, Euroglas, and Scheuten.