Few Diverse Global Players Dominate the Market Holding the Majority Revenue Share Despite the Presence of ~300 Competitors Comprising a Large Number of Regional Players and Country-Niche Players, finds a recent market study on the Global Flat Glass Market by Ken Research
Flat glass is made by dissolving
sand, soda ash, and silica in a liquid and spreading it to the required
thickness. The molten liquid is then cooled to obtain the desired product. Most
flat glass is soda-lime glass, most commonly manufactured using the float glass
process, however, it can also be rolled or formed by sheet metal. After
manufacturing, the flat glass can be bent for various types of applications.
Flat glass is most commonly used
for manufacturing windows, doors, mirrors, photovoltaic modules, and e-glass
structures among others.
“Ken
Research shares 3 key insights on the competitive landscape of this dynamic
market from its latest research study.”
Global
Players constitute ~5% of the Total Number of Competitors and Hold the Largest
Revenue Share While Regional Players Also Have a Strong Presence
A comprehensive competitive
analysis conducted during the
Research Study found that the Global Flat Glass Market is highly
competitive with ~500 players which include globally diversified players,
regional players as well as country-niche players having their niche in the
Flat Glass Market for various end-user industries. The global players comprise
about 5% in terms of the number of companies and hold around 40% of the market
revenue share followed by regional players that account for nearly 35% of the
market revenue. Most of the country-niche players are local producers of Flat
Glass and its derivatives.
Leading
Global Players Focus on Production Facility Expansion and Partnership to Cater
the Wider End-user Audience
Detailed comparative analysis of
key competitors available within the Research Study shows that global
players such as Tomakk Glass Partners, Flat Glass Group Co. Ltd., Compagnie de
Saint-Gobain S.A., and others are highly focused on advancing their products
and processes to improve their product quality that can be used in multiple
end-user industries like construction & Infrastructure, automotive &
transportation, solar energy, consumer electronics, etc. Several companies are
involved in strategic developments such as production facility expansion,
partnerships, and fulfilling carbon-neutral commitments.
- In August 2020, Tomakk Glass Partners
announced the launch of its tempered glass fabrication facility in the USA
to cater to the rising demand from the commercial, residential, and
architectural application segments.
- In February 2021, Flat Glass Group Co. Ltd.
and JinkoSolar Holding Co. Ltd has signed a contract for solar glass
procurement. Flat Glass Group Co. Ltd. Has secured the order of nearly 338
million square meters of rolled glass to support the production of 59GW of
solar modules for three years from 2021 to 2023.
Increased
Initiatives of Governments Propelling the Growth of the Flat Glass Market
- In the European Union, the European Commission
as well as national governments and employers’ associations have taken
initiatives and designed to invest in a sustainable industrial policy for
glass manufacturing to foster the growth of the flat glass industry.
- In October 2020, UK government announced
funding of £ 54 million to develop a glass R&D facility at St Helens.
This will revive the closed United Glass facility of St Helens which will
be capable of producing 30 tonnes of sustainable glass a day.
In May 2022, Compagnie de
Saint-Gobain S.A. announced that the company has achieved zero carbon
production of flat glass by using recycled materials and green energy. This
initiative is expected to support the company’s strategy to target carbon neutrality
by 2050.
For More
Information, refer to below link:-
Flat
Glass Raw Material Suppliers
Related Report
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Research
Ankur
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+91-9015378249
