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The Asia Pacific flat glass industry is being driven by the growing demand for flat glass in the construction and automotive industries. China leads the Asia Pacific flat glass industry, accounting for a significant share in the global market. Currently, China is the one of the leading producers of glass and glass products in the world. India is another significant market for flat glass after China, where the product is growing at a rate of 8% per annum. The growth of the construction industry is being supported by the increasing population combined with urbanisation trends and megacity developments in the region. Further, the growing adoption of renewable energy sources, particularly solar energy, is expected to aid the growth of flat glass industry in the Asia Pacific over the forecast period.
The major companies are shifting their focus towards the high growth regions of the Asia Pacific owing to the rising consumer demand for clear, tinted, and solar-control reflective glass in the region. In January 2019, Saint-Gobain (EPA: SGO), a major player in the industry, inaugurated a fifth flat glass manufacturing plant in India, aiming to continue its development strategy and further strengthen its position as the leader in flat glass in the country. This newly built facility will complement the company’s existing facilities, which include two floats, two coaters, advanced glass processing units for the construction industry, fire safety and the automotive industry (Sekurit), as well as a mirror line. Such developments are expected to further aid the growth of the Asia Pacific flat glass industry over the forecast period.
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The major players in the Asia Pacific flat glass market are Saint-Gobain S.A., AGC Inc., Nippon Sheet Glass Co., Ltd, Central Glass Co. Ltd., China Glass Holdings Limited, and Fuyao Glass Industry Group Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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