The report "Flat Glass Market by Technology (Float, Rolled, Sheet), Product Type(Simple Float Glass, Toughened , Coated, Laminated, Extra Clear),End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Solar Energy) and Region - Global Forecast to 2022", The flat glass market is estimated to grow from USD 92.90 Billion in 2016 to USD 142.05 Billion by 2022, at a CAGR of 7.30% during the forecast period. The flat glass market is driven by the increasing demand from the construction & infrastructure and automotive & transportation sectors, especially in emerging regions. With the increasing number of solar energy installations around the globe, the demand for flat glass is anticipated to increase for the manufacturing of solar panels. The growing demand for residential & commercial infrastructure and the increasing production of automobiles is also expected to drive the growth of the flat glass market in the coming years.
Asia-Pacific was the largest market for flat glass in 2016, owing to the high demand from the construction & infrastructure and automotive & transportation sectors. The growth of the solar energy industry in this region has fueled the demand for flat glass in the region. The increased focus of India and China on producing electricity through renewable sources and increasing solar energy installations in China, Japan, India, and other emerging countries will create boost the demand for flat glass in the coming years. The growing automotive production will further drive the growth of the flat glass market in the region.
Some of the key global players operating in the flat glass market are Asahi Glass (Japan), Saint-Gobain (France), Nippon Sheet Glass (Japan), Guardian Industries (U.S.), and Taiwan Glass (Taiwan). These players have adopted various organic and inorganic strategies in the past five years to achieve growth in the flat glass market.
