The global flat glass market size was valued at USD 265.85 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2028. Rising solar energy installations across the globe coupled with increasing penetration of glass architecture in residential and non-residential construction is anticipated to drive market growth over the forecast period. Factors, such as the depletion of renewable resources, advancements in technology, government regulations, environmental concerns, reductions in the cost of solar installations, and the growing electricity demand, are propelling solar capacities to increase, which is benefitting the flat glass market.
The building & construction industry is the major end-user sector. Various developments in architecture have augmented the product demand over the past few years. The product used in these applications provides various advantages, such as transmission, absorption, and refraction of light; weather resistance; rust resistance; dust resistance; efficiency in terms of cost and energy; better insulation; various color options; and flexibility to be drawn into any shape.
