Global Market Study on Float Glass: Demand Driven by Building & Construction Industry’s Shift towards Renewable Resources


Float Glass  Market
  • Published On : Nov-2019 |
  • Pages : 281 Pages |
  • Format : Float Glass  Market Float Glass  Market Float Glass  Market Float Glass  Market

The booming construction industry will remain the primary growth driver for float glass market. Market in East Asia, Europe, and South Asia are projected to register healthy growth in the near future. 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.

Demand in Automotive Industry and Aftermarket Driving Sales

Accelerating demand for automobiles and their aftermarket usage will create more demand for automotive glass. Automotive production was pegged at 95.6 Mn units in 2018, which shows that the demand for automobile is thriving. This factor will significantly boost the overall demand for automotive glass and drive the growth of the float glass market in the forecast period.

The lifespan of automotive glass depends on the driving conditions as well as the weather. In good road conditions, automotive glass exhibits an operational lifespan of seven to ten years. However, any crack in the windshield when hit by a small piece of debris while driving at high speed requires the windshield to be replaced. This, in turn, enriches the aftermarket segment in the global market. Extreme cold conditions also tend to increase the replacement ratio of automotive glass as the cold weather increases the chances of breakage or cracks in glass. Hence, the aftermarket segment will have better opportunities in cold-prone regions like Canada, the U.S., Norway, the U.K., and other countries.

Increasing Implementation of Green Building Concept to Drive Growth

Climate change and resource scarcity have led the construction industry to do some rethinking for developing sustainability as a guiding principle. Green building concept or green design concept is used to facilitate the sustainable use of resources such as energy and water, which are included in the complete lifecycle of the building, including its construction. Float glass being a wholly-recyclable material is beloved by architects as well as designers to accomplish indoor as well as outdoor environmental quality.

The intent of a green building design is to curtail the demand for non-renewable resources, by amplifying the utilization efficiency of these resources when in use, and augment the reuse, recycling, and consumption of renewable resources. Glass permits the entry of natural light, which puts interior of office and residential buildings together with the exterior, leading to a healthy environment.

Ability to Curb Carbon Emissions and Offer Insulation Properties to Attract Demand

The float glass industry through its products, manufacturing activities, applications, research, and sustainability policies will play an active role in shaping a low-carbon economy. This will be achieved with the use of highly-insulated glass that will offer a positive energy balance, which will result in less carbon and other emissions from the glass.

Cutting down fossil fuel usage in daily life and a shift towards renewable energy sources such as concentrated solar power stations, photovoltaic panels on roofs, and integrated photovoltaic facades in buildings, can feed surplus electricity back into the grid. These are some of the factors that will lead to decarburization.

Global Float Glass Market: Competitive Landscape

The global float glass market is fairly fragmented due to the presence of large number of players. Tier-I companies are anticipated to remain a dominant force given their extensive market footprint and higher proportion of revenue shares as compared to the other players. Key participants in the float glass market such as Fuyao Glass Industry Group Co. Ltd., ?i?ecam Group, Vitro, S.A.B. de C.V., Saint-Gobain S.A., AGC Inc., Nippon Sheet Glass Co., Ltd., and Guardian Industries are also focusing on new product development to enhance their product portfolio.

Growing Production Capacities and Market Consolidation

Over the past few years, an increase in the number of acquisition and merger activities has been witnessed in the float glass market by the tier-I players. Manufacturers are actively pursuing consolidations and enhancements in production capacities to cater to the growing demand for float glass.

  • In 2018, ?i?ecam Group acquired the Sangalli Vetro Manfredonia facility in Italy. Now it is its second flat glass manufacturing facility in Italy, with a float line capacity of 190 thousand tons/year.
  • In 2018, Vitro, S.A.B. de C.V. completed the acquisition of PPG’s flat glass business.
  • In 2018, Fuyao Glass Industry Group Co. Ltd. opened a new glass plant in South Carolina, North America. The company has prominent presence in Dayton, and will establish a 182 thousand square foot facility in Fountain Inn, S.C.

Analyst’s Viewpoint

A detailed view of the global float glass market has led our analysts to conclude that the market is growing at an impressive rate owing to flourishing construction activities worldwide. The East Asia float glass market is expected to be an opportunistic market in terms of sales. The building and construction application is expected to dominate the global float glass market throughout the forecast period. The scope of replacement will further boost the growth of the float glass market during the forecast period.

Float Glass Market – Report Scope

Persistence Market Research (PMR) recently published a market research report on the global float glass market. The report provides detailed assessment on the key market dynamics such as drivers, trends, opportunities, restraints, and detailed information about the float glass market structure. The market research report represents exclusive facts and figures about how the float glass market will rise over the forecast period of 2019-2029.

Key indicators of market growth, such as supply chain and value chain analysis, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the float glass market over the foreseen years.

The study is relevant for distributors, investors, manufacturers, suppliers, and stakeholders. It can help them understand the growth strategies implemented by various players in the float glass market. Investors, stakeholders, researchers, industry experts, as well as journalists in the float glass market can leverage the information and statistics presented in PMR’s research report.

The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the float glass market. The study also offers actionable insights based on the future trends in the float glass market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in the market.

Key Segments

PMR’s study on the float glass market is divided into three significant segments - glass type, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Glass Type

Application

 Region

Clear Glass

Automotive

North America

Tinted Glass

Building & Construction

Latin America

Textured Glass

Electronics & Appliances

Europe

Wired Glass

Solar Panels/Solariums

South Asia

Extra Clear Glass

Mirrors

East Asia

Oceania

Middle East and Africa

Key Questions Answered in PMR’s Float Glass Market Report

  • Which factors will play a key role in spurring the demand for float glass over the forecast period?
  • Which regions are expected to prevail as prominent markets over the foreseen years?
  • How will current trends impact the float glass market?
  • How can market players capture low-hanging opportunities in the float glass market in developed regions?
  • Which are the prominent players in the float glass market?
  • What are the crucial strategies of the prominent players in the float glass market to upscale their position in this landscape?

Float Glass Market: Research Methodology

In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the float glass market and reach conclusions on the future growth prospects of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.

Secondary resources are referred by analysts during the evaluation of the float glass market study, which comprises of the facts and figures from NGA, Glass for Europe, governmental authorities, white papers, trade journals, and external and internal exclusive databases. Analysts have thoroughly interviewed several industrial experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.

Some of the questions included in the questionnaire for primary interviews include:

  • What is driving the sales of float glass, in terms of end-use application?
  • Which types of glass are most preferred?
  • How much sales percentage is due to replacement sales?

Comprehensive information acquired from primary resources and secondary resources is validated from companies in the float glass market to make PMR’s projection on the growth prospects of the float glass market more accurate and reliable.

Companies covered in Float Glass Market Report

Company Profile

  • 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

 

Back To Top