The Global Market for Flat Glass is Projected to Reach 84 Million Metric Tons by 2020
Rising Demand for High-Quality Glass from the Automotive
Sector Drives the Flat Glass Market, According to a New Report by Global Industry Analysts, Inc.
GIA
announces the release of a comprehensive global report on Flat Glass. The
global market for Flat Glass is projected to reach 84 million metric tons by
2020, driven by the growing demand for high-quality glass from the
construction and automotive end-use markets.
Flat
glass is the primary material used in the production of facades & windows
for homes & buildings, windows & windscreens for automotive industry
and photovoltaic modules & solar thermal panels for the solar energy
market. Float glass is the most widely used technique for producing flat glass,
with sheet and rolled glass being the other techniques in use. The growth in
the flat glass market is driven by the need for specialized and advanced glass
products, strong market opportunities in emerging countries, and resurgent
demand from end-use markets such as healthcare, telecom, electronics, and
aerospace, among others. Advanced glass products growing in popularity and
demand are low-emissivity glass, solar control glass, self-cleaning glass, and
smart glass, among others. Emphasis on energy efficient products and rising
importance of glass in the solar energy market will also help provide growth
opportunities for flat glass in the coming years.
The
construction industry represents the dominant end-use market for flat glass.
Use of architectural glass is steadily increasing in both commercial and
residential buildings, guided by benefits such as safety, security,
environmental protection and natural insulation. The growing trend towards replacing
brick, cement, and granite building exterior with glass is therefore forecast to
benefit growth in the market. The increase in new construction activity and refurbishment
of existing buildings will therefore bring fresh opportunities for growth. Rapid
urbanization and the need to address housing requirements of a growing
population will spur growth in emerging markets. The growing desire for convenience,
comfort and aesthetics, and increasing focus on energy conservation and safety
are driving demand for glass products that not only provide heat insulation but
also offer additional benefits such as impact resistance and acoustic control. In
the automotive industry, rising demand for larger sized windshields and
increasing popularity of sunroofs in vehicles are cited as reasons for the increase
in flat glass demand.
As
stated by the new market research report on Flat Glass, Asia-Pacific represents
the largest and the fastest growing market worldwide with a CAGR of 7.5% over
the analysis period. Rapid urbanization, increase in construction activity in
industrial, commercial, residential and infrastructural sectors, and rising
demand for luxury cars that utilize more glass as compared to mainstream
models. Luxury cars typically feature double-thick glass in interiors for
acoustic insulation and panoramic glass roof for more pleasurable driving. In mature markets such as North America and
Europe, growth will be driven by the launch of value-added products such as
laminated glazing and the legislation of energy performance mandates for
buildings.
Major
players covered in the report include Asahi Glass Co. Ltd., Compagnie De
Saint-Gobain, Central Glass Co. Ltd., Carlex Glass Company, Guardian Industries
Corp., Gujarat Guardian Limited, Nippon Sheet Glass Co. Ltd., Trakya Cam
Sanayii A.Ş., Taiwan Glass Group, and Viridian™ Glass, among others.
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