Mexico Flat Glass Market Report and Forecast 2023-2028

Mexico Flat Glass Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Mexico flat glass market attained a value of USD 1141 million in 2022. Aided by the growing demand from the construction and automotive industries, the market is projected to grow at a CAGR of 4.3% between 2023 and 2028, reaching a value of USD 1466.40 million by 2028.

Flat glass, also known as sheet glass or plate glass, is a type of glass that is produced in flat and uniform thickness. It is widely used in various applications such as windows, doors, mirrors, and glass panels in the construction, automotive, and solar energy sectors.

Mexico is gradually becoming one of the world's major automotive producers because of the country's consistent growth in the automotive industry in recent years. The increasing production of vehicles and the growing demand for passenger cars have resulted in a higher demand for flat glass, used in applications such as windshields, windows, and sunroofs. The incorporation of advanced technologies, such as heads-up displays and smart glass, in modern vehicles is expected to create new growth opportunities for the Mexico flat glass market.

Recycling is a significant trend in the Mexico flat glass market, as it offers various environmental and economic benefits. Recycling flat glass helps conserve natural resources, reduce energy consumption, and decrease the amount of waste that ends up in landfills. As a result, the demand for recycled glass is growing in the flat glass manufacturing process, supporting the overall Mexico flat glass market.

The construction industry in Mexico is witnessing significant growth, driven by rapid urbanisation, government initiatives to promote affordable housing, and the development of commercial and industrial infrastructure. Flat glass is extensively used in the construction sector for applications such as windows, doors, partitions, and facades. The rising demand for energy-efficient buildings, coupled with the growing awareness about sustainable construction practices, is fuelling the adoption of flat glass in the construction industry. Such factors are propelling the Mexico flat glass market growth.

Mexico's aim of decreasing greenhouse gas emissions and boosting the percentage of renewable energy in its energy mix is fuelling the country's rapid growth in the solar energy sector. Flat glass is an essential component in solar panels and solar thermal collectors, and the growing adoption of solar energy is positively impacting the Mexico flat glass market demand.

Market Segmentation

The market can be divided based on technology, product type, raw material, category, application, end use, and region.

Market Breakup by Technology

• Float Glass
• Sheet Glass
• Rolled Glass

Market Breakup by Product Type

• Basic Float Glass
• Toughened Glass
• Coated Glass
• Laminated Glass
• Mirrored/Patterned/Extra Clear Glass
• Insulated Glass

Market Breakup by Raw Material

• Sand
• Soda Ash
• Limestone
• Dolomite
• Alumina
• Others

Market Breakup by Category

• Fabricated
• Non-Fabricated

Market Breakup by Application

• Solar Control
• Safety and Security

Market Breakup by End Use

• Construction
• Automotive
• Soler energy
• Others

Market Breakup by Region

• Central Mexico
• Northern Mexico
• Pacific Coast
• The Bajío
• Yucatan Peninsula
• Baja California

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Mexico flat glass companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Vitro, S.A.B de C.V
• Saint Gobain S.A.
• Guardian Glass LLC
• AGC Inc.
• Nippon Sheet Glass Co., Ltd
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.