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The Mexico flat glass industry is being driven by the thriving automotive sector, fuelled by the growing consumer demand for passenger vehicles. Further, the various advantages of flat glass, such as heat insulation, soundproof glazing, self-cleaning, and UV filtering, among others contribute to its demand for diverse applications. The market is expected to be further aided by the rising demand for flat glass in the construction sector. Moreover, the technological advancements in the automotive industry aimed at enhancing the comfort and driving experience of consumers are expected to provide impetus to the market growth in the coming years.
In July 2019, O-I Glass, Inc. (NYSE: OI) acquired Nueva Fábrica Nacional de Vidrio, whose plant, Nueva Fanal is located near Mexico City, Mexico. This plant has four furnaces to produce and supply approximately 300,000 tons of glass containers per year for Gruopo Modelo brands, serving the local and global export markets. The acquisition was aimed at generating an excellent incremental synergy and expand company’s global reach.
The growing research and development activities by the key automotive players in Mexico, supported by low labour costs and favourable government policies, are expected to contribute to the market expansion in the region. The rising disposable incomes and the growing population in the region are also aiding the growth of the market. Furthermore, increasing investments towards sustainable infrastructure development and the growing adoption of solar energy are likely to provide opportunities for the flat glass industry growth in the forecast period.
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The major players in the Mexico flat glass market are Vitro, S.A.B de C.V, Saint Gobain S.A., Guardian Glass LLC, AGC Inc., and Nippon Sheet Glass Company 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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