The Global Flat Glass Market is Projected to Reach 95.9 Million Metric Tons by 2024
Resurgent Growth in Architectural and Automotive
Applications Drives the Global Flat Glass Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Flat Glass market. The global Flat Glass market is projected to reach 95.9
million metric tons by 2024, driven
primarily by the resurgent growth in major end-use markets of construction and
automotive sectors. Increased demand for specialized and advanced glass
products and growing demand from emerging markets are also expected to fuel
market growth.
Flat glass is one of the
most common materials used in a range of products such as windows and facades
in buildings, solar panels, and windows and windscreens in vehicles.
Energy-saving, noise control, neutrality, self-cleaning and fire protection
properties are driving increased use of flat glass in a wide range of end-use
sectors. Growth in the global flat glass market is being driven by the sustained
increase in spending on construction and building activities, advancements in
automotive industry, and development of advanced technologies in production of
the solar panels. While construction and automotive sectors constitute the
mainstay of growth in the flat glass market, faster growth is expected from
other end-use markets driven in part by the increasing demand high-value
products such as electronic displays. Another area of rapid growth for the
market is the solar energy sector, with growth driven by the increasing
investments being made into renewable energy technologies by countries across
the world. Rapid pace of urbanization, growth in real estate sector and
development of innovative products are also driving demand for flat glass.
Technology advances
constitute another major factor driving development of newer functions of
glass, thereby expanding potential applications of flat glass. Specifically,
there is increased demand for advanced and high-value glass products with newer
features such as solar control, insulation, impact resistance, and acoustic
control. The development of low-e glass and smart glass products and increased
R&D focus on developing and launching specialized, advanced and customized
products also present growth opportunities for the flat glass market. The focus
on innovations is expected to enable production of energy efficient and high
performance flat glass. The market is also likely to be impacted by some of the
emerging trends including growing use of advanced nanotechnology and lightweight glazing glass, and focus on solar control glazing for building and
automotive glass.
As stated by the new
market research report on Flat Glass, Asia-Pacific
represents the largest market worldwide, supported by the increase in
infrastructure spending; growing demand for solar PV panels; strong pace of
urbanization; rapid growth of real estate sector; rising housing demand and
increased plant expansion plans undertaken by domestic flat glass producers.
China, India, Indonesia, and Malaysia are among the leading markets for flat
glass in the region. While emerging markets remain the mainstay of growth in
the global flat glass market, developed markets such as the United States and
Europe are characterized by high degree of maturity in flat glass marketplace,
and hence growth is anticipated mostly from value-added products such as
laminated glazing.
Major players in the market
include Asahi Glass Co. Ltd., Asahi India Glass Ltd., PT Asahimas Flat Glass
Tbk, Compagnie De Saint-Gobain, Central Glass Co. Ltd., Carlex Glass America
LLC, Guardian Industries, Gujarat Guardian Limited, Nippon Sheet Glass Co.
Ltd., Trakya Cam Sanayii A.Ş., Taiwan Glass Group, Viridian™ Glass, and Xinyi
Glass Holdings Limited.
The research report titled
“Flat Glass: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides
a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of global companies. The report provides market estimates and
projections for all major geographic markets such as the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe),
Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa,
and Latin America. The flat glass market is analyzed by the product segments -
Float Glass and Rolled Glass. The market is also analyzed by the End-Use
Sectors - Construction (Residential and Commercial), Automotive (OE Glazing and
AGR) and Others.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
Comments
Post a Comment