About Flat Glass
Flat glass is produced in a flat state and is obtained in sheet form. Flat glass products are largely used in the automotive, solar glass, and construction industries. These products are used in windows, facades, windshields, decorations, partitions, electronic equipment, doors, interior fittings, and furniture. They are generally manufactured by float glass process. Some of the key raw materials are sand, soda ash, limestone, dolomite, alumina, recycled glass, iron oxide, salt cake, colorants, and refining agents.
Technavio’s analysts forecast the global flat glass market to grow at a CAGR of 6.03% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global flat glass market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flat Glass Market 2017-2021
Technavio recognizes the following companies as the key players in the global flat glass market: Asahi Glass, Euroglas, GUARDIAN INDUSTRIES, Nippon Sheet Glass, and Saint-Gobain.
Other Prominent Vendors in the market are: Cardinal Glass Industries, Central Glass, DB Glass, Fuyao Group, Gulf Glass Industries, Sisecam Group, and TAIWAN GLASS.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising applications in automotive sector. Flat glass is used in various auto components, such as rear and front view mirrors, windows, dashboard displays, and windshields. The automobile sector has seen tremendous growth in demand for energy-saving vehicles in recent years. This has increased the use of flat glass in this sector because of its unique energy-saving properties.”
According to the report, one driver in the market is growth in construction sector. The global construction industry is expected to be a $12 trillion market during the forecast period. APAC is home to four of the world's emerging and growth-leading economies (EAGLEs), namely China, India, Indonesia, and the Philippines. Apart from these countries, Malaysia and Vietnam are considered potential emerging markets, whereas Singapore, is one of the leading markets as per its quality of infrastructure. These emerging markets face stiff competition from one another in terms of the quality of infrastructure. These countries are investing heavily in infrastructural growth to continue their competence in the market.
Further, the report states that one challenge in the market is logistics as a hurdle for glass industry. Glass is prone to cracks and breakage, especially during transportation. The manufacturers need to pay special attention while transporting and delivering glass from the manufacturing unit to the consumers. This requires cargo trucks, which are expensive to either hire or own, leading to an increase in transportation cost. This acts as a major challenge for small and medium-sized enterprises as they need to enter into contracts with third-party supply chain companies to transport their products to the end users. Transportation covers 16.0% of the overall cost of the glass industry, which directly increases the overall cost of the product.
Asahi Glass, Euroglas, GUARDIAN INDUSTRIES, Nippon Sheet Glass, Saint-Gobain, Cardinal Glass Industries, Central Glass, DB Glass, Fuyao Group, Gulf Glass Industries, Sisecam Group, and TAIWAN GLASS.
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