Technological innovations by key market participants will also give impetus to the float glass market growth. Global float glass market is projected to reach US$ 210 Bn by the end of the forecast period (2019 – 2029), expanding at a strong CAGR.
Significant acceleration in construction activities, followed by developing automobile and solar power sectors, will drive the demand for float glass in the forecast period (2019-2029). The global float glass market was valued at US$ 100 Bn in 2018 and is projected to exhibit a robust CAGR during the forecast period. The global float glass market growth is predominantly shaped by building and construction, automobile, and solar power industries, owing to extensive usage of float glass products in these industries. Around 20% use of recycled glass in manufacturing of float glass makes it viable and economical for production, resulting in gradual push from supply side of the market.
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The report published on Float Glass Market is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2022 to 2030 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of Float Glass Market along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
Market Dynamics
Float Glass Market growth in the current scenario as well as in the coming years and the factors affecting it has been discussed in detail. The interplay of demand and supply forces in this market along with the external factors have been studied. The effect on the market in terms of growth has been studied to aid the market forecast. The pricing policies used in various regions of Float Glass Market and the effect they have on the consumption behavior have been studied.
Key Companies-
- Saint-Gobain S.A.
- Central Glass Co. Ltd.
- AGC Inc.
- Nippon Sheet Glass Co., Ltd
- Carlex Glass America, LLC
- GUARDIAN INDUSTRIES
- Taiwan Glass Group, Ltd
- ?i?ecam Group
- Qingdao REXI Industries Co., Ltd.
- Emirates Float Glass LLC
- Arabian United Float Glass Company
- Xinyi Glass Holding Ltd.
- Vitro, S.A.B. de C.V.
- Fuyao Glass Industry Group Co. Ltd and more
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Key Takeaways
- End-use industry players such as building and construction seek more sustainable products to develop new creative structures in line with the industry standards as well as government rules and regulations.
- Clear type float glass is expected to be highly preferred over other categories such as tinted and wired, given its low installation cost.
- New float glass is equipped with adequate energy-efficient glazing technologies, offering insulation against the cold and avoiding over-heating in hot and warm conditions. This new glazing technology is a key factor that will positively impact the growth of the global float glass market.
- Rising need to curb emission levels is likely to drive solar PV glass usage in the solar power sector, along with the automobile sector.
- East Asia is projected to be a prominent regional market for float glass owing to the growing construction, automotive, and solar sectors, especially in China. Moreover, growing government tie-ups with private organizations to initiate multiple new solar power projects in Thailand and India are anticipated to amplify the demand for float glass in South Asia.
- Top manufacturers are recycling base glass for manufacturing new float glass, which will result into minimized usage of raw materials. It will also lead to reduced carbon dioxide emissions into the atmosphere and is expected to remain a prominent trend among float glass manufacturers.
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Growing Emphasis on Aftersales Services
The global float glass market is fairly fragmented, with smaller manufacturers offering identical products. Moreover, the increasing number of players in the float glass market has been driving the manufacturers to incorporate forward integration in terms of services, by offering installation, product consultancy and after sales support. This will help the build-up of existing market base, which will result in occupying the growing aftermarket client base. Growing focus on providing aftersales services will be the winning strategy for manufacturers. Some of the key participants with a substantial market share in the float glass market report are AGC Inc., LTD, Nippon Sheet Glass Co., Ltd.
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