Please Wait.....
Report
China Flat Glass - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 80 Pages I Mordor Intelligence
The Chinese flat glass market is estimated to reach USD 48.95 billion by the end of this year and is projected to reach USD 66.83 billion in the next five years, registering a CAGR of 6.42% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020 due to several restrictions imposed by the Chinese government. The pandemic resulted in labor scarcity and supply chain disruptions, which negatively affected China's building, construction, and automotive end-user industries, thereby affecting the flat glass market. However, post-pandemic, the upliftment of restrictions across China helped the automotive and construction end-user industries register a decent growth rate, thereby assisting the flat glass market to recover significantly.
Key Highlights
-The growing demand for electronic displays and increasing demand from the construction industry are significant factors driving the market's growth.
-However, the fluctuating prices of raw materials and government regulations on carbon emissions are likely to restrain the growth of the market studied.
-Nevertheless, the rising initiatives in the solar industry and the growing prevalence of ultra-thin glass for smartphones will likely create lucrative growth opportunities for the flat glass market.
China Flat Glass Market Trends
Annealed Glass to Dominate the Market
- Annealed glass is softer, thermally treated, and slowly cooled to release any internal stresses after the glass is formed. This process of treating the glass is known as the annealing process, deriving the name annealed glass. However, annealed glass is also commonly referred to as plate or window glass. Float, clear, and tinted glass are prominent annealed glasses commercially used for varied applications.
- Annealed glass is used in residential and non-residential construction applications. It is widely used in shopping malls, athletic facilities, swimming pools, facades, hotels, schools, bathroom areas, and exhibition spaces.
- In China, annealed glass usage is increasing in the building and construction industry. Several construction industries in the country are taking initiatives to construct green buildings, focusing on reducing carbon footprint in various ways. One of which is using clear glass to access natural daylight.
- Annealed glass can be used for further processing to obtain laminated, tempered, toughened glass, and others. Laminated glass is widely used in the automotive industry. Tinted glass is used in cars and other motor vehicles to avoid excess heat and to block the sun's rays. It also helps in the effective cooling of ACs installed in the vehicles.
- According to the OICA, the production volume of automotive vehicles in China reached 27 million units in 2022 compared to 26.1 million units manufactured in 2021, at a growth rate of 3%. Thus, an increase in automotive vehicle production will likely drive the market usage of annealed glass.
- Annealed glass is generally cheaper than other glass types, as no additional manufacturing process is required in production. Thus, all the abovementioned factors are expected to drive the demand for annealed glass in the country during the forecast period.
Building and Construction Industry to Dominate the Market
- Flat glass is used significantly in the construction industry owing to its wide range of functions, from heat insulation to soundproofing and from safety applications to solar protection. In building and construction applications, flat glass is majorly used in windows for both functional and aesthetic purposes, which allows clear sight for customers looking out of a window and, at the same time, protects them from elements such as UV radiation.
- China has one of the largest construction markets in the Asia-Pacific region. According to the National Bureau of Statistics of China, the country's output value of construction works accounted for CNY 31.2 trillion (USD 4.34 trillion) in 2022, compared to CNY 29.31 trillion (USD 4.084 trillion) in 2021.
- The country's demographics are expected to favor housing and commercial construction activities. The growing population has triggered public and private sector investments in affordable residential colonies. The Chinese government has taken the initiative to gift 40 critical cities with 6.5 million government-subsidized rental homes that are supposed to accommodate around 13 million people.
- Additionally, the Chinese government has rolled out massive construction plans, which include making provisions for the movement of 250 million rural people to its new megacities over the next ten years, creating significant scope for flat glass used for various construction applications.
- The housing authorities of Hong Kong launched several measures to push the construction of low-cost housing. Officials aim to provide 301,000 public housing units in 10 years till 2030. These factors are expected to drive the construction industry in the country and are likely to support the demand for the market studied in the future.
- China is one of the leading countries in shopping center construction. China has almost 4,000 shopping centers, while 7,000 more are estimated to be open by 2025. Moreover, constructing office spaces such as Wuhan Fosun Bund Center T1 in China is expected to boost the market studied. Construction work started in Q3 2021 and is forecasted to be completed in Q4 2025.
- Therefore, the building and construction end-user industry is expected to dominate the market for flat glass during the forecast period.
China Flat Glass Industry Overview
The Chinese flat glass market is partially fragmented in nature. The major players (not in any particular order) include AGC Inc., Saint-Gobain, Sisecam, Qingdao REXI Industries Co. Ltd, and Taiwan Glass Ind. Corp., among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from the Construction Industry
4.1.2 Growing Demand for Electronic Displays
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Fluctuating Prices of Raw Materials
4.2.2 Government Regulations on Carbon Emission
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Value)
5.1 Product Type
5.1.1 Annealed Glass (Including Tinted Glass)
5.1.2 Coater Glass
5.1.3 Reflective Glass
5.1.4 Processed Glass
5.1.5 Mirrors
5.2 End-user Industry
5.2.1 Building and Construction
5.2.2 Automotive
5.2.3 Solar Glass
5.2.4 Other End-user Industries (Electronics, Aerospace, etc.)
6 COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AGC Inc.
6.4.2 China Glass Holdings Limited
6.4.3 China National Building Material Group Corporation
6.4.4 China Yaohua Glass Co. Ltd
6.4.5 Fuyao Glass Industry Group Co. Ltd
6.4.6 Nippon Sheet Glass Co. Ltd
6.4.7 Qingdao Laurel Glass Technology Co. Ltd
6.4.8 Qingdao REXI Industries Co. Ltd
6.4.9 Saint-Gobain
6.4.10 SCHOTT
6.4.11 Sisecam
6.4.12 Taiwan Glass Ind. Corp.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Initiatives in the Solar Industry
7.2 Growing Prevalence of Ultra Thin Glass for Smartphones
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security