By 2030, the global flat glass market will reach $423.9 billion

According to Research and Markets analysis data, by 2030, the global flat glass market will reach $423.9 billion.

The global flat glass market is estimated at $304.8 billion in 2023 and is expected to reach a size of $423.9 billion by 2030, growing at a CAGR of 4.8% during the 2023-2030 analysis period.

Hollow flat glass is expected to grow at a compound annual rate of 5.7% and reach $154.3 billion by the end of the analysis period. Over the next seven years, the compound annual growth rate of the tempered flat glass sector is estimated at 4.7%.

The US market is estimated at $80.6 billion, while China is expected to grow at a CAGR of 7.2%

By 2023, the flat glass market in the United States is estimated to be $80.6 billion. China, the world's second largest economy, is expected to reach a projected market size of $91 billion by 2030, with a CAGR of 7.2% over the analysis period 2023-2030. Other notable geographic markets include Japan and Canada, which are projected to grow by 3.2% and 4%, respectively, over the 2023-2030 period. In Europe, Germany is expected to grow at a CAGR of about 3.8%. Led by countries such as Australia, India and South Korea, the market size in the Asia-Pacific region is expected to reach $56.7 billion by 2030.