Market Size of Asia-Pacific Flat Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.63 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
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?
Asia-Pacific Flat Glass Market Analysis
The Asia-Pacific Flat Glass Market size is expected to grow from USD 63.42 billion in 2023 to USD 87.43 billion by 2028, at a CAGR of 6.63% during the forecast period (2023-2028).
The market was negatively impacted due to COVID-19. Due to the pandemic, several countries in the Asia-Pacififc region went into lockdown to curb the spread of the virus. The shutdown of numerous companies and factories has disrupted supply networks and hampered production, delivery schedules, and product sales. The market has recovered from the COVID-19 pandemic and is increasing significantly in the region.
- Increasing demand from the construction industry and growing demand for electronic displays drive the market during the forecast period.
- Fluctuating raw material prices and government regulations on carbon emissions will likely hinder the market's growth in the coming years.
- The market has key opportunities due to advancements in the automotive industry and rising initiatives in the solar industry in China, Malaysia, Thailand, and Indonesia.
Asia-Pacific Flat Glass Industry Segmentation
Flat Glass is commonly used for small windows for applications that withstand high temperatures or pressures. The Asia-Pacific flat glass market is segmented by product type, application, and geography (China, India, Japan, South Korea, and the rest of Asia-Pacific). The market is segmented by product type into insulated Glass, tempered Glass, laminated Glass, and other product types. The market is segmented by application into construction, automotive, electrical & electronics, and other end-user industries. The report also covers the market size and forecasts for the Asia-Pacific flat glass market in 4 major countries across the Asia-Pacific region. For each segment, the market sizing and forecasts have been done based on revenue (USD).
| Product Type | |
| Insulated Glass | |
| Tempered Glass | |
| Laminated Glass | |
| Other Product Types |
| End-user Industry | |
| Construction | |
| Automotive | |
| Electrical & Electronics | |
| Other End-user Industries |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
Asia-Pacific Flat Glass Market Size Summary
The Asia-Pacific flat glass market is poised for significant growth, driven by increasing demand from the construction and electronics sectors. The market, which experienced setbacks due to the COVID-19 pandemic, has shown resilience and is on a recovery path. The construction industry, being the largest end-user segment, is a major contributor to this growth, with smart city projects and rapid urbanization in countries like China and India further boosting demand. The use of flat glass in architectural applications, such as windows and facades, enhances the aesthetic appeal of buildings and offers energy-saving benefits. Despite challenges like fluctuating raw material prices and stringent government regulations on carbon emissions, the market is expected to capitalize on opportunities in the automotive and solar industries, particularly in China, Malaysia, Thailand, and Indonesia.
China stands out as a dominant force in the Asia-Pacific flat glass market, supported by its robust construction industry and burgeoning electronics sector. The country's significant investment in infrastructure and commitment to energy-efficient and green building developments underscore its leadership in the market. Additionally, China's position as the world's largest electronics production base and vehicle market further fuels the demand for flat glass. The market is characterized by a consolidated landscape with key players such as AGC Inc., Nippon Sheet Glass Co. Ltd, Saint-Gobain, and SCHOTT AG. These companies are actively expanding their operations and enhancing their product offerings to meet the growing demand in the region.
Asia-Pacific Flat Glass Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from the Construction Industry
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1.1.2 Growing Demand for Electronic Displays
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Fluctuating Raw Material Prices
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1.2.2 Government Regulations on Carbon Emission
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1.2.3 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Product Type
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2.1.1 Insulated Glass
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2.1.2 Tempered Glass
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2.1.3 Laminated Glass
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2.1.4 Other Product Types
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2.2 End-user Industry
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2.2.1 Construction
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2.2.2 Automotive
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2.2.3 Electrical & Electronics
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2.2.4 Other End-user Industries
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 South Korea
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2.3.5 Rest of Asia-Pacific
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Asia-Pacific Flat Glass Market Size FAQs
What is the current Asia-Pacific Flat Glass Market size?
The Asia-Pacific Flat Glass Market is projected to register a CAGR of 6.63% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Flat Glass Market?
AGC Inc., Nippon Sheet Glass Co. Ltd, Saint-Gobain, SCHOTT AG and Guardian Glass LLC are the major companies operating in the Asia-Pacific Flat Glass Market.
