Asia Pacific Flat Glass Market – By Countries and Vendors - Market Trends and Forecasts (2015 - 2020)
Flat glass, a type of glass, is mainly used in end use industries like Automotive and Construction industry with 90-95% of it being manufactured using float process while the rest is produced either through sheet process or plate process. The APAC production of flat glass was XX.XX MMT in 2014 and is estimated to reach XX.XX MMT by 2020, at a CAGR of X.XX%, while in terms of revenue, the market was worth $XX.XX billion in 2014 and is projected to reach $XX.XX billion in 2020, at a compound annual growth rate of XX.XX%.
APAC leads the flat glass market with a share of 60-65% in 2014. Factors like increase in urbanization, rise in real estate sector especially in emerging countries like India, Vietnam, Thailand, Indonesia, and others are driving the market. On the other hand, increase in raw material prices is the challenge being faced by the industry. 25% of the total flat glass production is made using low quality float process, manufactured in China. But, utilization of low quality flat glass is declining with increasing market awareness by big players and as such, the market share of China is likely to decrease.
The industry is highly consolidated with top 4 players having a market share of 60-65%. Dynamic shifts in the standards of the products, like light weighting, non-fragile is making the flat glass manufacturers to practise latest technological innovations.
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