Product Code: GVR-4-68038-852-7
Asia Pacific Flat Glass Market Growth & Trends
The Asia Pacific flat glass market size is anticipated to reach USD 85.65 billion by 2027, expanding at a compound annual growth rate (CAGR) of 6.3% from 2020 to 2027, according to a new report by Grand View Research, Inc. Continuous growth in the regional construction industry is estimated to be the key driver of the demand.
Sales in undifferentiated products like basic float glass is proving to be more challenging for the producers owing to extensive competition and resulting price pressures. As a result, companies are now determined to create additional value by manufacturing products such as coated glass to gain competitive advantage in the industry.
Recent trend indicates building owners and architects demand value added products that minimize energy loss and thereby promote energy efficiency of the buildings. Therefore there is increased collaboration of major manufacturers with designers, fabricators, architects, and building owners to stay ahead of the demand.
Tempered segment is predicted to expand at a significant CAGR in the forthcoming years. Rising focus on safety is the key factor that is likely to propel the demand for flat glass. Transition in building architecture trends that include maximizing natural daylight through the usage of glass in facades and roofs is expected to propel the industry growth over the next eight years.
China dominated the market in 2019 owing to increased construction activities in the country. However, the demand is expected to take a hit in 2020, owing to the outbreak of COVID-19 as construction and automobile industries have faced a severe meltdown in the first quarter of 2020.
Key countries including China, Thailand, Malaysia, Indonesia, India, Australia, and Japan have announced plans to unleash massive amounts of fiscal stimulus to reduce severe impacts of pandemic. The response by governments across the region is projected to boost the market sentiments in the latter half of 2020. Thus, creating an equivalent ambience for industry regrowth.
Asia Pacific Flat Glass Market Report Highlights
China led the market and accounted for the highest volume share of 79% in 2019 as the country has large construction industry and significant automotive production base
Indonesia is predicted to witness the fastest CAGR of 8.7%, in terms of revenue, from 2020 to 2027. The flat glass consumption per capita in the country is among the lowest in the region and as a result, there is a large untapped opportunity present in the country owing to high economic growth and development of its construction sector
Basic float dominated the market with a volume share of approximately 65% in 2019 owing to low cost and durability of the product
Insulating glass is likely to register the fastest CAGR of 5.8% in terms of revenue owing to rising demand for energy-efficient windows
Solar application is likely to drive the future demand for the product owing to rising installations of solar power in Asia Pacific
Table of contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Outlook
- 3.1.1. Global Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Major Raw Material Trends Analysis
- 3.3.2. Manufacturing Trends and Technology Overview
- 3.3.2.1. Manufacturing process of flat glass
- 3.3.2.2. Innovation in solar panel
- 3.3.2.3. Corning glass technologies
- 3.3.3. Sales Channel Analysis
- 3.4. Regulatory Framework
- 3.4.1. Policies specific to China for flat glass production
- 3.4.2. Building codes by country
- 3.4.2.1. China
- 3.4.2.2. Thailand
- 3.4.2.3. Malaysia
- 3.4.2.4. Indonesia
- 3.4.2.5. Japan
- 3.4.2.6. South Korea
- 3.4.2.7. India
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.1.1. Increasing solar capacity in Asia Pacific
- 3.5.1.2. Growth in building & construction industry of Asia Pacific
- 3.5.2. Market Restraint Analysis
- 3.5.2.1. High manufacturing costs
- 3.6. Business Environmental Tools Analysis: Asia Pacific Flat Glass Market
- 3.6.1. Porter's Five Forces Analysis
- 3.6.1.1. Bargaining Power of Suppliers
- 3.6.1.2. Bargaining Power of Buyers
- 3.6.1.3. Threat of Substitution
- 3.6.1.4. Threat of New Entrants
- 3.6.1.5. Competitive Rivalry
- 3.6.2. PESTLE Analysis
- 3.6.2.1. Political Landscape
- 3.6.2.2. Economic Landscape
- 3.6.2.3. Social Landscape
- 3.6.2.4. Technology Landscape
- 3.6.2.5. Environmental Landscape
- 3.6.2.6. Legal Landscape
- 3.7. Flat Glass Price Trends
- 3.7.1. Flat glass price trends by country
- 3.7.2. Flat glass price trends by product
- 3.8. Asia Pacific Automotive Sector- Case Study
- 3.9. Impact of COVID 19 - Demand based projections for 2020
Chapter 4. Asia Pacific Flat Glass Market: Product Estimates & Trend Analysis
- 4.1. Asia Pacific Flat Glass Market: Product Movement Analysis, 2019 & 2027
- 4.2. Basic/annealed
- 4.2.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 4.3. Tempered
- 4.3.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 4.4. Laminated
- 4.4.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 4.5. Insulating
- 4.5.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 4.6. Others
- 4.6.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
Chapter 5. Asia Pacific Flat Glass Market: Application Estimates & Trend Analysis
- 5.1. Asia Pacific Flat Glass Market: Application Movement Analysis, 2019 & 2027
- 5.2. Architectural
- 5.2.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 5.3. Automotive
- 5.3.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 5.4. Others
- 5.4.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
Chapter 6. Asia Pacific Flat Glass Market: Regional Estimates & Trend Analysis
- 6.1. Asia Pacific Flat Glass market: Regional movement analysis, 2019 & 2027
- 6.2. Asia Pacific
- 6.2.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
- 6.2.4. China
- 6.2.4.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.4.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.4.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
- 6.2.5. Japan
- 6.2.5.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.5.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.5.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
- 6.2.6. South Korea
- 6.2.6.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.6.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.6.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
- 6.2.7. Australia
- 6.2.7.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.7.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.7.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
- 6.2.8. New Zealand
- 6.2.8.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.8.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.8.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
- 6.2.9. Thailand
- 6.2.9.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.9.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.9.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
- 6.2.10. Malaysia
- 6.2.10.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.10.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.10.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
- 6.2.11. Indonesia
- 6.2.11.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.11.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.11.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
- 6.2.12. Vietnam
- 6.2.12.1. Market estimates and forecasts,2019 - 2027 (Kilotons) (USD Million)
- 6.2.12.2. Market estimates and forecasts, by product,2019 - 2027 (Kilotons) (USD Million)
- 6.2.12.3. Market estimates and forecasts, by application,2019 - 2027 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Regional Players, Their Initiatives, & Its Impact on the Market
- 7.2. Vendor Landscape
- 7.3. Asia Pacific Flat Glass Production Capacity by Country
- 7.4. Company Market Position Analysis
- 7.5. SWOT Analysis
Chapter 8. Company Profiles
- 8.1. AGC, Inc.
- 8.1.1. Company overview
- 8.1.2. Financial performance
- 8.1.3. Product benchmarking
- 8.1.4. Strategic initiatives
- 8.2. China Glass Holding, Ltd.
- 8.2.1. Company overview
- 8.2.2. Financial performance
- 8.2.3. Product benchmarking
- 8.2.4. Strategic initiatives
- 8.3. Fuyao Glass Industry Group Co., Ltd.
- 8.3.1. Company overview
- 8.3.2. Financial performance
- 8.3.3. Product benchmarking
- 8.3.4. Strategic initiatives
- 8.4. Guardian Industries
- 8.4.1. Company overview
- 8.4.2. Financial performance
- 8.4.3. Product benchmarking
- 8.4.4. Strategic initiatives
- 8.5. Nippon Sheet Glass Co. Ltd.
- 8.5.1. Company overview
- 8.5.2. Financial performance
- 8.5.3. Product benchmarking
- 8.5.4. Strategic initiatives
- 8.6. Taiwan Glass Ind. Corp.
- 8.6.1. Company overview
- 8.6.2. Financial performance
- 8.6.3. Product benchmarking
- 8.6.4. Strategic initiatives
- 8.7. Vitro, S.A.B. DE C.V.
- 8.7.1. Company overview
- 8.7.2. Financial performance
- 8.7.3. Product benchmarking
- 8.7.4. Strategic initiatives
- 8.8. Xinyi Glass Holdings Co., Ltd.
- 8.8.1. Company overview
- 8.8.2. Financial performance
- 8.8.3. Product benchmarking
- 8.8.4. Strategic initiatives
- 8.9. Bangkok Glass Group (BG)
- 8.9.1. Company overview
- 8.9.2. Financial performance
- 8.9.3. Product benchmarking
- 8.9.4. Strategic initiatives
- 8.10. VGF
- 8.10.1. Company overview
- 8.10.2. Financial performance
- 8.10.3. Product benchmarking
- 8.10.4. Strategic initiatives
- 8.11. KIBING Group
- 8.11.1. Company overview
- 8.11.2. Financial performance
- 8.11.3. Product benchmarking
- 8.11.4. Strategic initiatives
- 8.12. Viridian Glass
- 8.12.1. Company overview
- 8.12.2. Financial performance
- 8.12.3. Product benchmarking
- 8.12.4. Strategic initiatives
- 8.13. Jinjing (Group) Co., Ltd.
- 8.13.1. Company overview
- 8.13.2. Financial performance
- 8.13.3. Product benchmarking
- 8.13.4. Strategic initiatives
- 8.14. PT Mulia Industrindo, Tbk.
- 8.14.1. Company overview
- 8.14.2. Financial performance
- 8.14.3. Product benchmarking
- 8.14.4. Strategic initiatives
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