US Flat Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 11.66 Billion |
| Market Size (2029) | USD 14.98 Billion |
| CAGR (2024 - 2029) | 5.13 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Flat Glass Market Analysis
The US Flat Glass Market size is estimated at USD 11.66 billion in 2024, and is expected to reach USD 14.98 billion by 2029, growing at a CAGR of 5.13% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market, owing to several restrictions imposed by the United States government. However, post-pandemic, the market recovered significantly with the resumption of various residential and infrastructural projects and the implementation of new construction projects in the country.
- The growing demand for electronic displays, increasing demand from the construction industry, and increasing usage of flat glass in the production of solar panels are significant factors driving the growth of the market studied.
- However, the fluctuating prices of raw materials and government regulations on carbon emissions are likely to restrain the growth of the studied market.
- Nevertheless, the rising initiatives related to the usage of flat glass for renovation projects in the construction industry are expected to create opportunities for the market during the forecast period.
US Flat Glass Market Trends
Annealed Glass to Dominate the Market
- Annealed glass is softer, thermally treated, and slowly cooled to release any internal stresses after the glass is formed. This process of treating the glass is known as the annealing process, deriving the name annealed glass. However, annealed glass is also commonly called plate or window glass. Float, clear, and tinted glass are prominent annealed glasses commercially used for varied applications.
- Annealed glass is used in residential and non-residential construction applications. It is widely used in shopping malls, athletic facilities, swimming pools, facades, hotels, schools, bathroom areas, and exhibition spaces. The increasing construction activities in the United States are driving the market for annealed glass.
- Annealed glass can be used for further processing to obtain laminated, tempered, toughened, and others. Laminated glass is widely used in the automotive industry. Tinted glass is used in cars and other motor vehicles to avoid excess heat and to block sun rays. It also helps in the effective cooling of ACs installed in the vehicles.
- The United States is the second largest automotive manufacturing country globally, falling only behind China. According to OICA, automotive production in 2022 accounted for 10.06 million units, an increase of 10% compared to the production in 2021, which was reported to be 9.16 million units.
- The National Automobile Dealers Association (NADA) predicts that the United States' new vehicle sales are likely to increase by 6.6% to 14.6 million units in 2023. The production of automobiles is anticipated to ascend in the future owing to the rising popularity and affordability of vehicles.
- Thus, the abovementioned factor is expected to drive the demand for annealed glass in the country during the forecast period.
Building and Construction Industry to Dominate the Market
- Flat glass is used significantly in the construction industry owing to its wide range of functions, from heat insulation to soundproofing and from safety applications to solar protection. In building and construction applications, flat glass is majorly used in windows for both functional and aesthetic purposes, which allows clear sight for customers looking out of the window and, at the same time, protects them from the elements such as UV radiation.
- The construction industry in the United States kept growing on the back of its strong economy, good market fundamentals for commercial real estate, and more money from the federal government and states for public works and institutional buildings.
- The construction industry in the United States is the largest in North America. According to the US Census Bureau, the annual construction in the United States accounted for USD 1.79 trillion in 2022, compared to USD 1.63 trillion in 2021, at a growth rate of 10.2%.
- Moreover, the annual value of residential construction output in the United States was valued at USD 908 billion in 2022, compared to USD 802 billion in 2021. The annual non-residential construction in the country was valued at USD 884 billion in 2022, compared to USD 823 billion in 2021.
- According to the AIA (American Institute of Architects) Construction Consensus Forecast Panel, non-residential building construction spending expanded to 5.4% in 2022. Further, the country's expenditure on new private non-residential buildings peaked at over USD 539 billion in 2022. By 2023, all the major commercial, industrial, and institutional categories are projected to witness at least reasonably healthy gains.
- Thus, the building and construction industry is expected to dominate the market for flat glass in the country during the forecast period.
US Flat Glass Industry Overview
The United States flat glass market is partially consolidated in nature. Some of the major players in the market (not in any particular order) include AGC Inc., Saint-Gobain, Nippon Sheet Glass Co. Ltd, Guardian Industries, and Şişecam.
US Flat Glass Market Leaders
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Saint-Gobain
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AGC Inc.
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Sisecam
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Guardian Industries
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Nippon Sheet Glass Co. Ltd
*Disclaimer: Major Players sorted in no particular order
US Flat Glass Market News
- February 2023: AGC and Saint-Gobain partnered to create a revolutionary pilot flat glass line with drastic CO2 emissions reduction. The new technology is expected to be implemented on the patterned glass line by the end of 2024.
- January 2023: Guardian Glass signed an agreement to acquire Vortex Glass, which specializes in providing insulated and laminated glass that can survive hurricane impacts. The acquisition would help Guardian Glass to expand its laminated and flat glass business in Florida, United States.
US Flat GlassMarket Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand for Electronic Displays
- 4.1.2 Increasing Demand from the Construction Industry
- 4.1.3 Increasing Demand for Solar Panels Production
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4.2 Restraints
- 4.2.1 Fluctuating Prices of Raw Materials
- 4.2.2 Government Regulations on Carbon Emission
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Product Type
- 5.1.1 Annealed Glass (Including Tinted Glass)
- 5.1.2 Coater Glass
- 5.1.3 Reflective Glass
- 5.1.4 Processed Glass
- 5.1.5 Mirrors
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5.2 End User Industry
- 5.2.1 Building and Construction
- 5.2.2 Automotive
- 5.2.3 Solar Glass
- 5.2.4 Other End-user Industries (Electronics, Aerospace, etc.)
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 AGC Inc.
- 6.4.2 CARDINAL GLASS INDUSTRIES, INC
- 6.4.3 Central Glass Co.Ltd
- 6.4.4 Fuyao Glass Industry Group Co., Ltd
- 6.4.5 Guardian Industries
- 6.4.6 Nippon Sheet Glass Co. Ltd
- 6.4.7 Saint-Gobain
- 6.4.8 SCHOTT
- 6.4.9 SHENZHEN SUN GLOBAL GLASS CO.,LTD.
- 6.4.10 Sisecam
- 6.4.11 Specialty Glass Products
- 6.4.12 Swift Glass
- 6.4.13 TAIWAN GLASS IND. CORP
- 6.4.14 Vitro
- 6.4.15 ZIBO YURU GLASS COMPANYFOUNDED
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Advancements in the Usage of Flat Glass in Renovation Projects in Construction Industry
- 7.2 Other Opportunities
US Flat Glass Industry Segmentation
Flat glass, often called sheet or plate glass, is frequently used to create solar panels, windows, mirrors, and doors. Sand, silica, limestone, and soda ash are melted to create the liquid, which is then cooled to create the product of the required thickness.
The United States flat glass market report is segmented by Product Type and End-user Industry. By Product Type, the market is segmented into Annealed Glass (including Tinted Glass), Coater Glass, Reflective Glass, Processed Glass, and Mirrors. By End-user Industry, the market is segmented into Building and Construction, Automotive, Solar Glass, and Other End-user Industries (Electronics, Aerospace, etc.).The report offers the market size in value terms in USD for all the abovementioned segments.
| Product Type | Annealed Glass (Including Tinted Glass) |
| Coater Glass | |
| Reflective Glass | |
| Processed Glass | |
| Mirrors | |
| End User Industry | Building and Construction |
| Automotive | |
| Solar Glass | |
| Other End-user Industries (Electronics, Aerospace, etc.) |
US Flat GlassMarket Research FAQs
How big is the US Flat Glass Market?
The US Flat Glass Market size is expected to reach USD 11.66 billion in 2024 and grow at a CAGR of 5.13% to reach USD 14.98 billion by 2029.
What is the current US Flat Glass Market size?
In 2024, the US Flat Glass Market size is expected to reach USD 11.66 billion.
Who are the key players in US Flat Glass Market?
Saint-Gobain, AGC Inc., Sisecam, Guardian Industries and Nippon Sheet Glass Co. Ltd are the major companies operating in the US Flat Glass Market.
What years does this US Flat Glass Market cover, and what was the market size in 2023?
In 2023, the US Flat Glass Market size was estimated at USD 11.09 billion. The report covers the US Flat Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US Flat Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Flat GlassIndustry Report
Statistics for the 2024 US Flat Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Flat Glass analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
