Market Size of China Flat Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.42 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Flat Glass Market Analysis
The Chinese flat glass market is estimated to reach USD 48.95 billion by the end of this year and is projected to reach USD 66.83 billion in the next five years, registering a CAGR of 6.42% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020 due to several restrictions imposed by the Chinese government. The pandemic resulted in labor scarcity and supply chain disruptions, which negatively affected China's building, construction, and automotive end-user industries, thereby affecting the flat glass market. However, post-pandemic, the upliftment of restrictions across China helped the automotive and construction end-user industries register a decent growth rate, thereby assisting the flat glass market to recover significantly.
- The growing demand for electronic displays and increasing demand from the construction industry are significant factors driving the market's growth.
- However, the fluctuating prices of raw materials and government regulations on carbon emissions are likely to restrain the growth of the market studied.
- Nevertheless, the rising initiatives in the solar industry and the growing prevalence of ultra-thin glass for smartphones will likely create lucrative growth opportunities for the flat glass market.
