Market Size of Flat Glass Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 113.47 Billion |
| Market Size (2029) | USD 146.76 Billion |
| CAGR (2024 - 2029) | 5.28 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Flat Glass Market Analysis
The Flat Glass Market size is estimated at USD 113.47 billion in 2024, and is expected to reach USD 146.76 billion by 2029, growing at a CAGR of 5.28% during the forecast period (2024-2029).
Most manufacturing facilities were shut down due to the pandemic, and automotive production was affected severely, which impacted production facilities for several months due to the lockdown. The supply chain throughout the world was fractured. The economic instability due to the pandemic outbreak has also made developers, in both public and private sectors, rethink their projects as debts mount. This has created a downfall in the construction sector.
- Over the short term, the growing demand for electronic displays and increasing demand from the construction industry are major factors driving the growth of the market studied.
- However, the impact of the global recession and the resurgence of COVID-19 in China are likely to restrain the growth of the studied market.
- Nevertheless, advancements in the automotive industry and rising initiatives in the solar industry are likely to create lucrative growth opportunities for the global market soon.
- The Asia-Pacific region dominates the flat glass market, with the largest consumption coming from countries such as China, Japan, ASEAN countries, etc.
