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.
The Chinese flat glass market is partially fragmented in nature. The major players (not in any particular order) include AGC Inc., Saint-Gobain, Şişecam, Qingdao REXI Industries Co. Ltd, and Taiwan Glass Ind. Corp., among others.
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