Market Size of Float Glass Industry
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 3.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Float Glass Market Analysis
The Float Glass Market size is estimated at 71.57 Million tons in 2024, and is expected to reach 86.16 Million tons by 2029, growing at a CAGR of greater than 3.5% during the forecast period (2024-2029).
The major consumer of float glass is the construction industry, and with the widespread COVID-19 pandemic in 2020, the industry was significantly impacted in a negative way as it halted and even delayed the construction activities of several building and construction projects. With the restart of a few construction activities after COVID-19 in 2021 and 2022, the demand for float glass started to increase.
- Over the short term, major factors driving the market studied are the increasing demand from the construction industry and the recovering automotive industry.
- Some of the factors restraining the demand for the market studied include the increasing price of raw materials, declining demand for certain types of glasses, and environmental impact related to float glass production, among other scenarios.
- Nevertheless, the huge growth potential of the solar sector is likely to create lucrative growth opportunities in the market studied.
- Asia-Pacific dominated the market across the world, with the most substantial consumption from countries like China and India.
Float Glass Industry Segmentation
Float glass is a type of flat glass produced by the float glass process. It is a smooth, distortion-free glass used in designing other glass items such as laminated glass and heat-toughened glass. With a natural greenish hue and translucent nature, it can transmit about 87% of the incident light, and unlike sheet glass, float glass provides users with a crystal-clear view.
The float glass market is segmented by raw material, type, application, and geography. By type, the market is segmented into clear, tinted, patterned, wired, and extra clear or low ferrous floated glass. By application, the market is segmented into building and construction, automotive, solar glass, and other applications (display cases, etc.). The report also covers the market size and forecasts for the float glass market in 28 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).
| Type | |
| Clear | |
| Tinted | |
| Patterned | |
| Wired | |
| Extra Clear/Low Ferrous Floated Glass |
| Application | |
| Building and Construction | |
| Automotive | |
| Solar Glass | |
| Other Applications |
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Float Glass Market Size Summary
The float glass market is poised for significant growth, driven primarily by the resurgence of the construction and automotive industries. As construction activities resume post-COVID-19, the demand for float glass in both residential and commercial applications is expected to stabilize. The construction industry remains the largest consumer of float glass, utilizing it for both functional and aesthetic purposes in windows and facades. The increasing urban population and rising disposable incomes globally are further propelling infrastructure and construction activities, thereby boosting the demand for float glass. Additionally, advancements in technology, such as low-E and triple silver insulated products, are enhancing the appeal of float glass in architectural designs. The market is also witnessing a shift towards optimizing natural daylight in building designs, which is expected to drive further demand.
The Asia-Pacific region, particularly China and India, is anticipated to dominate the float glass market during the forecast period. China's robust construction sector and rapid urbanization, coupled with significant investments in float glass production capacity, are key factors contributing to this dominance. The country's focus on expanding its float glass production capabilities and the growing automotive market further bolster demand. In India, investments in float glass manufacturing are aimed at reducing import dependency and enhancing local production capabilities. The market is characterized by consolidation, with major players like AGC Inc., Saint-Gobain, and Guardian Glass LLC holding significant shares. Strategic partnerships and expansions, such as those by SCHOTT and AGC Glass Europe, are also shaping the market landscape, indicating a promising growth trajectory for float glass globally.
Float 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 Automotive Industry
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1.2 Restraints
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1.2.1 Increasing Price of Raw Materials
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1.2.2 Declining Demand for Certain Types of Glasses
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1.2.3 Environmental Impact Related to Float Glass Production
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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 Buyers
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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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1.5 Raw Material Analysis
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1.5.1 Sand
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1.5.2 Limstone
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1.5.3 Soda Ash
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1.5.4 Dolomite
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Type
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2.1.1 Clear
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2.1.2 Tinted
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2.1.3 Patterned
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2.1.4 Wired
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2.1.5 Extra Clear/Low Ferrous Floated Glass
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2.2 Application
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2.2.1 Building and Construction
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2.2.2 Automotive
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2.2.3 Solar Glass
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2.2.4 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Vietnam
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2.3.1.6 Thailand
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2.3.1.7 Indonesia
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2.3.1.8 Malaysia
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2.3.1.9 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Russia
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2.3.3.6 NORDIC
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2.3.3.7 Turkey
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2.3.3.8 Spain
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2.3.3.9 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Colombia
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2.3.4.3 Argentina
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2.3.4.4 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 Nigeria
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2.3.5.3 Qatar
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2.3.5.4 United Arab Emirates
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2.3.5.5 Egypt
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2.3.5.6 South Africa
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2.3.5.7 Rest of Middle East and Africa
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Float Glass Market Size FAQs
How big is the Float Glass Market?
The Float Glass Market size is expected to reach 71.57 million tons in 2024 and grow at a CAGR of greater than 3.5% to reach 86.16 million tons by 2029.
What is the current Float Glass Market size?
In 2024, the Float Glass Market size is expected to reach 71.57 million tons.
