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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Mexico Flat Glass Market Outlook

The Mexico flat glass market reached a value of about USD 1,090.11 million in 2023. The industry is further expected to grow at a CAGR of 4.2% in the forecast period of 2024-2032 to attain nearly USD 1,460.35 million by 2032.

Mexico Flat Glass Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 1,090.11
Market Size 2032 USD Million 1,460.35
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.2%
CAGR 2024-2032 -Mexico Flat Glass Market by Region The Bajío 4.8%
CAGR 2024-2032 -Mexico Flat Glass Market by Region Pacific Coast 4.5%
CAGR 2024-2032 -Mexico Flat Glass Market by Application Solar Control 5.0%
CAGR 2024-2032 -Mexico Flat Glass Market by End Use Solar Energy 4.9%
2023 Mexico Flat Glass Market Share by Region Northern Mexico 26.7%

Mexico Flat Glass Market

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Increasing Demand for Float Glass to Augment the Flat Glass Industry Growth in Mexico

By technology, the float glass segment accounts for a significant share in the industry. The superior properties, high quality, and structural flexibility of float glass make it suitable for buildings, vehicles, and other applications.

Further, float glass is less breakable, easier to cut, simpler to fabricate, clear and transparent, and contains fewer bubbles. All these factors are leading to its increased demand in various end-use industries, such as automotive, construction, and electronics, among others. Moreover, as float glass can be further processed to produce different forms of specialised glass such as toughened glass, soundproof glass, and laminated safety glass, it is expected to witness an increased demand in the forecast period. The segment is expected to be aided by the rapid technological advancements and new innovations in the industry.

Flat Glass: Market Segmentation

Flat glass, as the name suggests, is flat like sheets of paper. It is prepared by spreading molten glass in sheets on a metal plane. It is also referred to as plate glass. Flat glass has a wide range of applications and is commonly used to prepare windows, doors, mirrors, automotive glass, and various other objects.

Mexico Flat Glass Market By Segments

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On the basis of technology, the market is divided into:

  • Float Glass
  • Sheet Glass
  • Rolled Glass

The industry can be divided based on application into:

  • Safety and Security
  • Solar Control
CAGR 2024-2032 -Mexico Flat Glass Market by Application
Solar Control 5.0%
Safety and Security XX%

By product type, the market is segmented into:

  • Basic Float Glass
  • Toughened Glass
  • Coated Glass
  • Laminated Glass
  • Insulated
  • Mirrored/Patterned/Extra Clear Glass

The major raw materials utilised for the product include:

  • Sand
  • Soda Ash
  • Dolomite
  • Limestone
  • Alumina
  • Others

By category, the industry can be bifurcated into:

  • Fabricated
  • Non-Fabricated

Based on end use industry, it can be categorised into:

  • Construction
  • Automotive
  • Solar Energy
  • Others
CAGR 2024-2032 -Mexico Flat Glass Market by End Use
Solar Energy 4.9%
Construction 4.7%
Automotive XX%
Others XX%
CAGR 2024-2032 -Mexico Flat Glass Market by Region
The Bajío 4.8%
Pacific Coast 4.5%
Northern Mexico 4.4%
Central Mexico XX%
Yucatan Peninsula XX%
Baja California XX%

The major regional markets for flat glass in Mexico include Baja California, Northern Mexico, the Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.

Mexico Flat Glass Market By Region

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Thriving Automotive Sector and the Growing Penetration of Key Players in Mexico to Bolster the Growth of the Flat Glass Industry

The Mexico flat glass industry is being driven by the rapidly growing vehicle production and thriving automotive sector across the country, which is one of the major end-use industries of flat glass. Due to low labour cost and the favourable government policies, the automakers are selecting Mexico as a place to locate R&D centres and expand their business. This has significantly contributed to the growth of the market. Apart from this, the leading flat glass manufacturers are increasing their production capabilities in Mexico, which is aiding the industry growth. For instance, in 2017, Saint-Gobain announced the construction of a new flat glass (float) production line in Saltillo in Mexico to manufacture glass for the automotive and construction sectors and meet the rising global demand. Additionally, the increasing infrastructural investments in Mexico have further enhanced the demand for flat glass across the region. However, after the outbreak of the COVID-19, the construction industry in Mexico is undergoing an unprecedented crisis.

Over the forecast period, the increasing investments in sustainable infrastructure and the growing adoption of solar energy are expected to enhance the installation of solar panels in the region, which, in turn, is projected to provide enhanced growth opportunities to the flat glass industry in Mexico.

2023 Mexico Flat Glass Market Share by Region
Northern Mexico 26.7%
Central Mexico XX%
Pacific Coast XX%
The Bajío XX%
Yucatan Peninsula XX%
Baja California XX%

Key Industry Players in the Mexico Flat Glass Market

The report gives a detailed analysis of the following key players in the Mexico flat glass market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Vitro, S.A.B de C.V
  • Saint Gobain S.A.
  • Guardian Glass LLC
  • AGC Inc.
  • Nippon Sheet Glass Company Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Product Type
  • Raw Material
  • Category
  • Application
  • End Use
  • Region
Breakup by Technology
  • Float Glass
  • Sheet Glass
  • Rolled Glass
Breakup by Product Type
  • Basic Float Glass
  • Toughened Glass
  • Coated Glass
  • Laminated Glass
  • Mirrored/Patterned/Extra Clear Glass
  • Insulated Glass
Breakup by Raw Material
  • Sand
  • Soda Ash
  • Limestone
  • Dolomite
  • Alumina
  • Others
Breakup by Category
  • Fabricated
  • Non-Fabricated
Breakup by Application
  • Solar Control
  • Safety and Security
Breakup by End Use
  • Construction
  • Automotive
  • Soler energy
  • Others
Breakup by Region
  • Central Mexico
  • Northern Mexico
  • Pacific Coast
  • The Bajío
  • Yucatan Peninsula
  • Baja California
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Vitro, S.A.B de C.V
  • Saint Gobain S.A.
  • Guardian Glass LLC
  • AGC Inc.    
  • Nippon Sheet Glass Co., Ltd
  • Others
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Mexico Flat Glass Market Report Snapshots

Mexico Flat Glass Market Size

Mexico Flat Glass Market Growth

Mexico Flat Glass Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the Mexico flat glass market attained a volume of nearly USD 1,090.11 million.

The market is estimated to witness a healthy growth at a CAGR of 4.2% in the forecast period of 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,460.35 million by 2032.

The major drivers of the market include the thriving construction industry, growing demand for flat glass from the automotive sector, and rising disposable income.

Technological advancements in the automotive industry and the increasing investments in infrastructure projects are the key trends guiding the growth of the market.

The major regional markets include Central Mexico, Northern Mexico, Pacific Coast, The Bajío, Yucatan Peninsula, and Baja California.

Float glass, sheet glass, and rolled glass are the different technologies of flat glass.

Safety and security, and solar control are the significant applications of flat glass.

The different product types in the market are basic float glass, toughened glass, coated glass, laminated glass, insulated glass, and mirrored/patterned/extra clear glass.

Sand, soda ash, dolomite, limestone, and alumina, among others are the various raw materials used in the market.

Fabricated and non-fabricated are the major categories of flat glass.

Construction, automotive, and solar energy, among others are the significant end uses of flat glass.

The key 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 Co., Ltd., among others.

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C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124