APAC Market Overview
According to Global Market Monitor, the APAC flat glass market size is $69.02 billion in 2024 with a CAGR of 7.13% from 2024 to 2029.Flat glass is a type of glass, initially produced in plane form, commonly used for windows, doors, transparent walls, and windscreens.
Market News
March 2024: Guardian Glass has partnered with Velux Group to develop tempered vacuum insulating glass (VIG). Under the agreement, Guardian and VELUX will collaborate to improve their manufacturing processes and capabilities to meet the growing demand for VIG.
APAC Flat Glass Market Status
According to the Statistical analysis of the development of the construction Industry in 2023 released by the China Construction Industry Association, the total output value of the construction industry in the country was 31.85 trillion yuan, an increase of 5.77%. In addition, the Chinese government has launched a massive construction program, which includes preparing to relocate 250 million rural people to new megacities over the next decade, creating a huge space for flat glass to be used in various construction applications. According to data from Japan's Land, Infrastructure and Transportation, a total of 8.196,200 new construction homes will be started in 2023.
The construction industry in Asia Pacific is one of the largest sectors and it has been growing steadily due to rapid economic growth, rapid urbanization, and increased infrastructure spending. The construction industry is the largest end-user segment for flat glass, and the continued trend of smart city projects is also expected to drive flat glass demand. Due to population growth and rapid urbanization, the increase in infrastructure development and construction activities, mainly in China and India, is expected to increase the demand for construction applications.
Market Segmentation
Colored float glass is a new type of glass in which a molten colorant is added to achieve coloring and solar radiation absorption characteristics. This type of glass saves energy, reduces heat infiltration into the building, and provides a striking visual effect.
Flat glass is the cornerstone of the building and construction industry and plays a pivotal role. Glass is widely used in the construction industry in windows, facades, doors, interior partitions, railings, storefronts, as well as stair and balcony railings, and other building components, providing clarity, introducing natural light, and bridging the gap between indoor and outdoor spaces, increasing occupant comfort, and reducing the need for artificial lighting.
Flat glass can be easily cut, shaped, and processed to meet different aesthetic and functional needs. Whether colored, reflective, or energy-saving coating, modern flat glass is known for its strength, scratch resistance, and weather resistance. In addition, flat glass can not only be recycled but also can be made of recycled materials and is widely used in all kinds of buildings.
|
By Type |
Float Glass |
|
Cast Glass |
|
|
Blown Flat Glass |
|
|
Others |
|
|
By Application |
Automotive |
|
Solar Glass |
|
|
Construction Industries |
|
|
Consumer Products |
We provide more professional and intelligent market reports to complement your business decisions.
Chinese