What is Float Glass Market?
Float glass is produced with the help of a melt process, where recycled glass, silica sand, lime, potash, and soda are melted in a furnace and floated onto a bed of molten tin. Float glass is highly applied in modern architecture, both in commercial and domestic builds. The continuous development in technology is driving huge growth in this industry. Various development in technology is driving huge growth in this industry.
The market study is being classified by Type (Basic Float Glass, Toughened Glass, Coated Glass, Laminated Glass, Extra Clear Glass and Others) and major geographies with country level break-up.
Asahi Glass (Japan), Saint-Gobain (France), Nippon Sheet Glass (Japan), Guardian Industries (United States), Taiwan Glass Ind. Corp. (Taiwan), Nippon Sheet Glass (Japan), Sisecam Group (Turkey), Fuyao Glass Industry Group (China), Vitro, S.A.B. De C.V. (Mexico) and CSG Holding Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are China Glass Holdings Limited (China), Xinyi Glass Holdings Limited (Hong Kong) and Cardinal Glass Industries (United States).
The companies are operating in the market are exploring new geographic regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches, and many others. Various new market entrants to grab market opportunities. Various leading players are expanding their business segments through expansions and acquisitions across the globe to avail a competitive advantage through combined initiatives. Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Float Glass market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Float Glass market by Type, Application and Region.
On the basis of geography, the market of Float Glass has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Rise in Adoption from Construction & Infrastructure Industry
- Growing Requirement for Energy Savings
- The Rise in Penetration of Flat Glass in Passenger Cars, Buses, and Trains
Market Trend
- Continuous Advancement in Technology Development
- Increase Investment in Research and Development
Restraints
- Stringent Government Regulations Regarding Carbon Dioxide Emission
- Insufficient of Logistics and Volatile Raw Material Prices Impacting Supply Chain Management
Opportunities
- Growing Requirement for Green Buildings
- Increase Investment in Infrastructure Projects in Developing Economies
Challenges
- High Cost Associated with Energy-Efficient Manufacturing Process
In Feb 2021, Canadian Premium Sand Inc. announced its strategic development for the enhancement of the company’s business by focusing on developing its Wanipigow silica sand deposit into sustainable float glass manufacturing and coating facility. Through this initiative, the company is aim to increase their market share.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Float Glass Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries