Mexico Flat Glass Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2024-2032)

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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

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

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

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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.

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

View Our Best Selling Reports

Saudi Arabia Structural Steel Market

Europe Freeze-Dried Fruit Products Market

Steel Wire Rope Market

Animal Fat Market

Fulvic Acid Market

Industrial Hemp Market

North America Pallet Market

Saudi Arabia Electric Motors and Transformers Maintenance Market

Latin America Flexible Packaging Market

Electric Cargo Bikes Market

Mexico Flat Glass Market Report Snapshots

Mexico Flat Glass Market Size

Mexico Flat Glass Market Growth

Mexico Flat Glass Companies