Flat Glass Market analysis research and trends report for 2019 - 2024
Flat Glass
Market from construction application should surpass USD 100 billion during
forecast timeperiod. This growth in demand can be attributed to consumer
emphasis on using aesthetic & energy efficient interiors. Increasing small
scale construction projects should further enhance industry.
Rising
automotive production along with advancement in flat glass production
technology should contribute to expansion of industry. It is extensively used
in automobile industry to manufacture windshields & windows for sun roofing
and doors. Rising demand for luxury cars owing its sustainability, comfort,
safety and style along with growing per capita income should catalyze product
demand.
Adoption
of energy efficient & smart technology as advanced construction practice
along with positive outlook in construction industry should favor flat glass
market. Sizeable investments made by India and China for construction along
with modernizing existing airport & terminals should influence flat glass
product demand.
Rapid
urbanization, rise in real estate sector and new product development are major
driving forces behind flat glass industry growth. Growing solar energy market
attributable to increasing renewable energy dependence should further bolster
product demand. It is widely used in end-user products including facades &
windows, solar panels and automotive windscreens.
Flat
tempered glass market should surpass USD 40 billion by 2024 due to its wide
application scope in residential & commercial construction projects. Its
ability to break into small harmless pieces upon impact reducing the risk of
injury should boost global product demand.
China
flat glass market should witness gains at over 7.1% during foreseeable
timeframe owing to its flourishing construction and automobile industry.
Improved living standards, growing population and increased foreign investments
should boost product demand.
Stringent
regulations and policies set forth by government and agencies to adopt green
building products complying FEED and FEMA standards for safety application
should favor product demand. Technological advancement with the intervention of
nanotechnology and development of lightweight glazing glass and hybrid guide
plate should bolster product demand.
Flat
glass market price trend may be affected by demand supply deficit of key raw
materials including soda ash, silica sand and natural gas. High transportation
& production cost will further hinder industry growth. Adoption of green
building along with emphasis on energy efficiency should propel industry
growth.
Laminated
flat glass market should witness growth at over 7% during forecast timeframe
owing to its increasing demand in safety applications. It is widely used in
automotive windshield, exterior of storefront and curtain walls due to its
ability to stay in place even after breaking upon impact.
Global
flat glass market share is moderately fragmented with industry participants
including Corning, Schott, Saint-Gobain, NSG Group, Asahi, Sisecam and Trulite.
Manufacturers are shifting their production bases towards Asia Pacific to avail
low labor wages, raw material availability and government subsidies.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Flat Glass Market analysis research and trends report for 2019 - 2024
Reviewed by snehal
on
October 10, 2019
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