Asia Pacific Flat Glass Market Share was over USD 52 billion in 2019 and industry expects to witness significant gains at over 8.5% by 2026. Flat glass is a glass manufactured in a flat form despite any methodology used for its production. It is prominently used in construction applications for doors, windows, cabinet closure, solar cells, tabletops, furniture, and walls. These glasses are majorly manufactured from float process which offers significant reduction in cost and enhances the product quality. Rising ecological concerns regarding waste management along with recyclability of glass fostering its use in various end use applications and rising green building concept is likely to drive the market demand.
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APAC laminated flat glass market size valued at over USD 15 billion in 2019 and is likely to witness significant gains in the forecasted time period. Growing usage of laminated flat glass in residential and commercial market owing to its enhanced UV filtration property may drive the Asia Pacific flat glass product growth. It is polyvinyl butyral sheet which is created to avert it from shattering into pieces and ensures its safety. It is also used in office spaces to lower stress as it allows the propagation of sunlight and enhances lightening conditions which may augment the market demand.
Market demand from automotive application may foster substantial gains at over 7.0% by 2026. Increasing usage in luxury cars in laminated windows and roofs for better aesthetics along with growing consumer spending in automobile sector may act as a contributing factor towards product demand. Vehicle safety and lightweight are the properties stimulating the flat glass product penetration. Rise in consumer spending for lightweight automobile to reduce carbon emissions growth may foster APAC flat glass market size.
China flat glass market demand is likely to surpass USD 73 billion by 2026. Increasing government spending for residential and non-residential construction projects along with rise in technology may drive the market growth. Rapid industrialization along with rise in FDI funding may influence Chinese construction industry which in turn stimulate the country market growth.
India flat glass market from automotive application is likely to gain significant gains at over 11.5% in the projected timespan. Increasing demand for lightweight passengers’ cars owing to advance mobility and proper insulation may boost car sales, thus driving the product demand.
APAC flat glass market share is fragmented with market players including Asahi glass, Duratuf Glass Industries Ltd, GSC Glass Ltd., Saint Gobain and Asahi India Glass Ltd. The market may see alliance in the form of joint ventures and mergers which strengthen their product portfolio.