The global flat glass market is driven by the growth of the construction and automotive industries. Increasing demand for energy-efficient and sustainable buildings is expected to boost the demand for flat glass in construction applications. The trend towards larger and energy-efficient windows and the growing adoption of smart glass technology are also contributing to the growth of the flat glass market. In the automotive industry, the rising demand for lightweight materials and advanced safety features is driving the demand for flat glass. However, the market is facing challenges such as volatility in raw material prices and the high cost of manufacturing advanced flat glass products. The Asia Pacific region is expected to dominate the flat glass market due to the rapid growth of the construction and automotive industries in countries like China and India.
Global Flat Glass Market was valued at US$ 121.7 Billion in 2021 in terms of revenue, exhibiting a CAGR of 6.7% during the forecast period (2022 to 2030).
Major Players in the Flat Glass Industry:
1. AGC Inc.
Founded in 1907 as Asahi Glass Co. Ltd., headquartered in Tokyo, Japan. It operates in over 30 countries worldwide. In March, 2023 AGC a world-leading manufacturer of glass, chemicals and high-tech materials, has announced that the company has decided to increase its production capacity for fluorochemical products in order to respond to the strong demand, such as for semiconductor-related applications.
2. Nippon Sheet Glass Co.
Founded in 1918, headquartered in Tokyo, Japan. It operates in over 30 countries worldwide.
3. Compagnie de Saint-Gobain S.A.
Founded in 1665, headquartered in Courbevoie, France. It operates in over 70 countries worldwide. In March, 2023 Saint-Gobain and Dalsan have obtained the necessary approval from competition authorities to merge their plaster and plasterboard activities in Turkey.
4. Guardian Industries
Founded in 1932, headquartered in Auburn Hills, Michigan, USA. It operates in over 25 countries worldwide. Guardian Glass and Vortex Glass have announced an agreement for Guardian to acquire the assets of Vortex, a Miami, Florida fabrication business. The transaction is expected to close on January 23, 2023.
5. China Glass Holdings Limited
Founded in 1984, headquartered in Hong Kong, China. It operates in over 10 countries worldwide.
6. Luoyang Glass Company Limited
Founded in 1936, headquartered in Luoyang, China. It operates in over 20 countries worldwide.
7. Fuyao Glass Industry Group Co., Ltd.
Founded in 1987, headquartered in Fuqing, China. It operates in over 10 countries worldwide.
8. CSG Holdings Co., Ltd.
Founded in 1984, headquartered in Shenzhen, China. It operates in over 20 countries worldwide.
9. Euroglas GmbH
Founded in 1990, headquartered in Haldensleben, Germany. It operates in several European countries.
10.Vitro S.A.B. de C.V.
Founded in 1909, headquartered in Monterrey, Mexico. It operates in over 10 countries worldwide.
11. Taiwan Glass Industry Corporation
Founded in 1964, headquartered in Taipei, Taiwan. It operates in several Asian countries.
12. Central Glass Co., Ltd.
Founded in 1935, headquartered in Tokyo, Japan. It operates in over 10 countries worldwide.
13. Cardinal Glass Industries, Inc.
Founded in 1962, headquartered in Eden Prairie, Minnesota, USA. It operates in several North American countries.
*Definition- Flat glass is a type of glass that is produced in large, flat sheets and used in a wide range of applications, including windows, doors, mirrors, solar panels, and electronic displays. It is typically made by floating molten glass on a bed of molten metal to create a uniform thickness.
