The North America float glass market is expected to grow from US$ 14,435.21 million in 2021 to US$ 20,591.82 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.
Float glass is manufactured through a melting process, where recycled glass, lime, silica sand, potash, and soda are melted in a furnace and floated onto a bed of molten tin. Float glass is being increasingly used in the building & construction industry, which includes the residential, commercial, and industrial sectors. Float glass has a high degree of light transmission, the ability to produce a range of colors and opacities, and good chemical inertness, which increased its demand from the construction industry. The float glass is used for windows and doors in the residential sector, serving both aesthetic and functional applications. It is also being increasingly utilized in interior design and modern architecture. In the commercial sector, float glass is in demand as it provides an attractive and easy-to-maintain exterior surface. Float glass offers light and heat transmittance, influencing the amount of heating and cooling required inside a building according to different seasons and climates. The float glass is also being used as display windows in the retail outlets due to its transparent nature, hardness, and ease of cleaning. Due to the rise in environmental concerns, there has been an increased demand for float glass in the construction industry as it helps in achieving Leadership in Energy and Environment Design (LEED) certification for residential and commercial constructions. The rise in consumer awareness about the safety of buildings and an increased focus on maintaining the government's building codes are expected to increase the demand for float glass further. Thus, the increasing demand for float glass from the building & construction industry will fuel the growth of the North America float glass market during the forecast period.
In case of COVID-19, North America is highly affected specially the US. This has negatively impacted the overall manufacturing processes, research, and development activities. However, on May 26, 2021, 288 million doses have been given so far administered in the US, and the governments are also planning to revive their operations soon. Slowly and gradually manufacturing units are being operationalized and various industries are recovering which will have a positive impact on the float glass market. For instance, the construction activities in the US are deemed as an essential service. In particular, the US saw an increase in residential construction activities in 2020 and according to the U.S. Census Bureau, new private home projects were up 6.7% over 2019, a trend that is expected to continue. Thus, the recovering construction and automotive industries will increase the demand for float glass in the upcoming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America float glass market. The North America float glass market is expected to grow at a good CAGR during the forecast period.
North America Float Glass Market Revenue and Forecast to 2028 (US$ Million)
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North America Float Glass Market Segmentation
North America Float Glass Market – By Type
- Clear Glass
- Tinted Glass
- Textured Glass
- Others
North America Float Glass Market – By Application
- Automotive and Transportation
- Building and Construction
- Residential
- Commercial
- Industrial
- Electronics
- Others
North America Float Glass Market, by Country
- US
- Canada
- Mexico
North America Float Glass Market - Companies Mentioned
- AGC Inc.
- Cardinal Glass Industries, Inc
- Guardian Industries Holdings
- Nippon Sheet Glass Co., Ltd
- SCHOTT AG
- Xinyi Glass Holdings Limited
North America Float Glass Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 14,435.21 Million |
Market Size by 2028 | US$ 20,591.82 Million |
Global CAGR (2021 - 2028) | 5.2% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
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