Global Float Glass Market Size To Worth USD 75.95 Billion By 2033 | CAGR of 4.71%
Category: Chemicals & MaterialsGlobal Float Glass Market Size To Worth USD 75.95 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Float Glass Market Size is to Grow from USD 47.94 Billion in 2023 to USD 75.95 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.71% during the projected period.
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Browse key industry insights spread across 213 pages with 110 Market data tables and figures & charts from the report on the "Global Float Glass Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Clear, Tinted, Patterned, and Wired), By Raw Materials (Sand, Limestone, Soda Ash, Dolomite, and Others), By Application (Building and Construction, Automotive, Solar Glass, and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/float-glass-market
Float glass is essentially a very smooth, distortion-free glass that is used to make many different types of glass products, such as heat-toughened and laminated glass. Because it is translucent, float glass can let in up to 87% of the light that strikes it. Additionally, it provides customers with an incredibly clear viewpoint. The peculiar nomenclature of float glass comes from the process of manufacturing it, which includes immersing molten glass in a tin bath to allow it to float freely. In the residential, commercial, and industrial segments of the building and construction industry, floating glass is growing in popularity. Because float glass can produce a wide range of hues and opacities and has a high degree of light transmission, its demand in the building sector has soared. Float glass serves both functional and aesthetic functions when used for doors and windows in residential buildings. Additionally, modern interior and architectural design is using it more and more. The growing industrial sector and urbanization are driving up demand for float glass. Another development driver over the medium term is rising utilization in the building and automotive industries. However, sustainability and environmental concerns can hinder the growth of the float glass market.
The clear category is anticipated to dominate the market over the projection period.
Based on product type, the global float glass market is classified into clear, tinted, patterned, and wired. Among these, the clear category is anticipated to dominate the market over the projection period. Clear float glass has superior optical quality, flatness, constant thickness, good surface finish, and a dazzling appearance compared to other float glasses. Heat treatment is another method that can be used to temper clear float glass without affecting its properties. Glass is heated to a molten state and then run through a tweel, a tin bath, and a lehr to create transparent float glass. Gravity and surface tension work together to generate smooth, flat surfaces on all sides of the object as it floats through the molten tin. Clear float glass is used extensively in many items, including windows, doors, mirrors, furniture, and automobile windshields.
The limestone segment is anticipated to have the greatest share of the market.
Based on raw materials, the global float glass market is classified into sand, limestone, soda ash, dolomite, and others. Among these, the limestone segment is anticipated to have the greatest share of the market. Limestone's primary purpose is to add calcium oxide, which is necessary to increase glass's resilience against chemicals and deterioration. Moreover, it serves as a stabilizing agent for making float glass. Limestone is used twice in the glass-making process: once to produce sodium carbonate and once as a component of the batch that will be melted. Low quantities of iron and moisture are found in limestone material. As a result, an increasing number of float glass producers choose limestone as one of the necessary ingredients, which tends to raise the amount of limestone used in float glass production worldwide.
The building and construction segment is anticipated to dominate the market.
Based on the application, the global float glass market is classified into building and construction, automotive, solar glass, and others. Among these, the building and construction segment is anticipated to dominate the market. Because it offers consumers a clear view out of the window and protects them from the elements, such as UV radiation, float glass is widely utilized in windows in building and construction applications. The increasing number of people living in cities and the rise in disposable money around the world are two other important variables that have greatly accelerated the growth of infrastructure and construction operations globally. The requirement for float glass, which typically drives market growth, is intimately linked to the expansion of building and infrastructure development.
The Asia-Pacific region will hold the largest share of the worldwide float glass market.
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With a market share of more than half, China is the global leader in the production of float glass. Many Chinese companies aim to produce products that meet Western industrial and environmental standards. Float glass is becoming more and more necessary in the country, mostly for building and construction purposes. The construction industry primarily supplies the nation's need for float glass. The country's need for float glass is expected to rise during the projection period due to what is expected to be a significant window of opportunity for the solar panel industry.
Europe is predicted to grow at the fastest pace in the float glass market during the projected timeframe. The construction industry primarily supplies the nation's need for float glass. The nation's construction industry has expanded slowly as a result of the rise in new residential construction activity. The country's rising immigration rate has boosted the requirement for additional home construction.
Major vendors in the float glass market include PT Mulia Industrindo Tbk, Saint-Gobain, SCHOTT AG, Taiwan Glass Ind Corp., Xinyi Glass Holdings Limited, AGC Inc, BG, Cardinal Glass Industries Inc., China Glass Holdings Limited, China Luoyang Float Glass Group Co. Ltd, Etex Group, Guardian Glass LLC, Kibing Group, Nippon Sheet Glass Co. Ltd, Press Glass Holding SA, and Others.
Recent Developments
- In January 2022, The Kazakhstani production plant for Orda float glass was purchased by China Glass Holding Limited. It strives to be the most advanced industrial float glass facility in the world by utilizing the most recent technology created and provided by Stewart.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global float glass market based on the below-mentioned segments:
Global Float Glass Market, By Product Type
- Clear
- Tinted
- Patterned
- Wired
Global Float Glass Market, By Raw Materials
- Sand
- Limestone
- Soda Ash
- Dolomite
- Others
Global Float Glass Market, By Application
- Building and Construction
- Automotive
- Solar Glass
- Others
Global Float Glass Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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