Flat Glass Market Size, Share & Trends Report

Flat Glass Market Size, Share & Trends Analysis Report By Application (Architectural, Automotive & Transportation), By Product (Tempered, Laminated, Insulated, Basic), By Region, And Segment Forecasts, 2020 - 2027

  • Published Date: Feb, 2020
  • Base Year for Estimate: 2019
  • Report ID: 978-1-68038-437-6
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 132

Report Overview

The global flat glass market size was valued at USD 115.8 billion in 2019 and is expected to witness a considerable revenue-based CAGR of 7.3% from 2020 to 2027. Recovery of the construction sector in developed economies such as North America and the rapid expansion of new construction spending in emerging economies of Asia Pacific is predicted to be the key driver of the market for flat glass.

U.S. flat glass market size

The recent trend indicates a rapid transition in building architecture that maximizes natural daylight through the usage of flat glass in facades and roofs. This is expected to play a key role in propelling product demand over the coming years. Moreover, innovations such as triple silver insulated low-e products, are the major drivers of the market for flat glass. Low-e flat glass contributes to the energy savings of a building and is likely to experience significant growth owing to the rising installation of green buildings across the globe.

Recovery of residential construction in U.S. is gaining rapid momentum for the past five years. According to the U.S. census bureau, the value of residential construction put in place witnessed a significant CAGR of 5.6% from 2014 to 2018. Such a surge in residential spending played a major role in driving demand for flat glass for the respective years. Moreover, future demand is also predicted to register strong growth as the country’s construction sector is likely to sustain its momentum for the next 10 years.

Besides the construction industry, which represents a sizeable share of product demand, the solar industry is predicted to be a lucrative application segment for the coming years. Solar panel flat glass has a direct impact on the efficiency and yield of solar photovoltaic system and its properties such as low reflection, high transmissibility, high strength, safety, facilitates better functioning of solar systems. Global economies, especially Asia Pacific and Middle East and Africa are adopting solar photovoltaic systems at an exponential rate since the last five years.

The global solar industry has witnessed massive growth since 2012. The global new solar capacity additions witnessed a CAGR of 29.9% from 2013 to 2017. Factors such as advancements in technology, depletion of renewable resources, environmental concerns regarding fossil fuels, reduction in the cost of solar installations, government regulations, and growing electricity demand are driving global installations of solar systems.

The demand for flat glass in the automotive segment witnessed a decline in 2019. This was attributable to the sharp decline in automobile manufacturing in major economies such as China, India, U.S., and Western Europe. However, this downturn is estimated to be structural and automotive production is expected to stabilize from 2020, thereby driving future demand for automotive flat glass.

Product Insights

In terms of volume, tempered flat glass dominated the market with a share of 28.9% in 2019. This high share is attributable to the wider availability of different types of the product including clear float, extra white, heat reflective, and tinted varieties. It offers high-temperature resistance and mechanical strength. The segment is witnessing rapid growth in Asia Pacific and Middle East and Africa owing to rising investments in construction activities.

The basic segment held the least share in the flat glass market; however, its importance is significant as the product is further processed and used in end-use applications in different forms. In terms of revenue, the segment held a meager share of 8.3 % in 2019, however, in terms of volume, it constituted a share of 23.6% in the same year.

Automotive production is the major end-use of laminated flat glass. In the construction industry, tempered and other products are preferred over laminated owing to its high cost. The use of laminated products is increasing in sunroofs due to safety concerns. Companies such as Ferrari, Volvo, and Tesla, use laminated products in all their cars that have panoramic sunroofs.

Insulated flat glass which is mostly used in residential and commercial buildings for windows and facades is made by double glazing method, wherein sheets of window panes are separated by gases or vacuum, in order to minimize heat transfer. The segment is expected to register a strong CAGR over the coming years as the product, when installed with low-e or solar control, flat glass exhibits superior performance in conserving energy by reducing air conditioning as well as heating costs.

Application insights

Architectural application acquired the largest volume share of 80.0% in the market for flat glass in 2019. Increasing urban population and rising disposable income of the global population are the factors significantly propelling the growth of infrastructural developments and construction activities across the globe. This is predicted to play a key role in driving the segment over the coming years.

Global flat glass market share

The second largest application of the product is the automotive and transportation industry. Its applications are spread across windows, sunroofs, windshields, and backlite. Laminated and tempered flat glass are the major products used in the automotive segment. Increasing demand for lightweight and electric vehicles is anticipated to propel the consumption of the product in the long term.

Other applications include solar, electronics equipment, and displays. From these aforementioned applications, solar flat glass is likely to note the fastest growth over the next few years. Global governments are increasingly adopting renewable technologies like solar power in order to reduce their dependence on fossil fuel and reduce carbon emissions.

Regional Insights

Asia Pacific is expected to exhibit a CAGR of 7.1% in terms of volume from 2020 to 2027. The region is set to experience construction and infrastructure boom in the coming years with healthy dose of construction projects spread between residential, non-residential, industrial, and infrastructural categories. Moreover, India’s construction sector is likely to outpace other countries in the region and thereby driving the market for flat glass at the fastest rate.

North America garnered a revenue share of 17.9% in 2019. The construction industry in North America has witnessed recovery from the economic recession of 2009 and 2010, leading to an uptick in housing projects and boosting residential and non-residential construction spending. This has resulted in improved demand for the product.

In Europe renovation of dwellings is anticipated to create numerous opportunities for flat glass vendors. As per the European Parliament report, over 90% of the buildings in Europe were built before 1990 and over 40% before 1960, thus, several buildings require renovation and reconstruction. However, tightened financial conditions, high economic uncertainty, and unsolved trade tensions have moderately slowed down the growth of European countries.

The market for flat glass in Central and South America is predicted to be driven by rising construction spending owing to the burgeoning middle-class population, rising consumer disposable income, and growing awareness regarding sustainable construction materials. The region’s economy has picked up since 2018 and the governments in South America are also encouraging real estate market by offering cash incentives for councils to approve new housing developments. This is likely to bolster market growth in future.

Flat Glass Market Share Insights

The market for flat glass is highly competitive in nature owing to the presence of several major players. AGC, Inc.; Saint-Gobain; Guardian Industries; and Şişecam Group are among the major players in the market.

Companies are targeting the emerging markets in Asia Pacific, which is expected to benefit them in terms of catering to a wider customer base at low manufacturing cost. For instance, in June 2018, Şişecam Group bought a further 49.8% stake in HNG Float Glass Limited for USD 85.4 million, raising its share in the company to 99.8%. This was a step toward strengthening the company’s market position in India.

Flat Glass Market Report Scope

Report Attribute


Market size value in 2020

USD 123.1 billion

Revenue forecast in 2027

USD 202.9 billion

Growth Rate

CAGR of 7.3% from 2020 to 2027

Base year for estimation


Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Volume in kilotons, Revenue in USD million and CAGR from 2020 to 2027

Report coverage

Volume forecast, revenue forecast, company share, competitive landscape, growth factors and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany; U.K.; China; India; Brazil

Key companies profiled

AGC, Inc.; Saint-Gobain; Guardian Industries; Şişecam Group.

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global flat glass market report on the basis of product, application, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

    • Basic

    • Tempered

    • Laminated

    • Insulated

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

    • Architectural

    • Automotive & transportation

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

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