Flat Glass Market To Surpass US$ 176,748.6 Million By 2027

Global flat glass market is expected to exhibit a CAGR of 6% over the forecast period, owing to increasing government initiatives for production of flat glass. For instance, in India, government initiatives and projects such as Smart Cities is positively impacting growth of infrastructure and construction sectors, which is expected to boost demand for flat glass.

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Europe is expected to witness significant growth due to high energy consumption and increasing concerns about CO2 emissions in the region. The products manufactured using flat glass are capable of providing natural light and facilitating solar heat transmissions. Flat glass is used for manufacturing windshields and backlights in automotive vehicles, which helps in reducing the CO2 emissions and serves as a sustainable solution.

Key companies covered as a part of this study include, Agc Inc., Nippon Sheet Glass Co., Ltd, Compagnie de Saint-Gobain S.A., Guardian Industries, China Glass Holdings Limited, Luoyang Glass Company Limited, Fuyao Glass Industry Group Co., Ltd., CSG Holdings Co., Ltd., Euroglas GmbH, Vitro, S.A.B. de C.V., Taiwan Glass Industry Corporation, Central Glass Co., Ltd., Cardinal Glass Industries, Inc., PT. Mulia Industrindo, Tbk., KCC Corporation, Jinjing Group Co. Ltd., Kaveh Glass Industry Group, JSC Gomelsteklo, Xinyi Glass Holdings Limited, and Kibing Group.

Market Opportunities

Key players are focused on business expansion in the flat glass market, which is expected to fuel the market growth over the forecast period. These business expansions generates huge investments in the market, which creates growth opportunity for flat glass key players, globally.

Market Trends/Key Takeaways

Rising adoption of energy efficient glass is expected to propel the global flat glass market growth over the forecast period. Low-E glass is one such innovation, which is rapidly utilized by numerous end-use industries such as building & construction industry.

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Detailed Segmentation:

Global Flat Glass Market, By Glass Type:
Tempered, Laminated & Annealed Glass
Coated Glass
Mirror Glass
Others

Global Flat Glass Market, By Application:
Automotive Glasses
Windows & Glass Doors
Solar Panel
Facade
Others

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This release was published on openPR.