Worldwide Comprehensive Review of Flat Glass Market Trends and Its Development

Precision Business Insights published a research report on “Flat Glass Market Size By Product (Laminated, Tempered, Basic Float, Insulating), By Application (Construction, Automotive) - Global/Region/Country Forecast to 2028”.

There are four primary sub-sectors within the glass industry: container, flat, fibre, and specialty glass. The term 'flat glass' refers to all glass that is created in a flat shape, regardless of the production technology used. Flat glass is manufactured in furnaces all around the world and is also known as plate glass or sheet glass. The manufacturing process begins with sand and includes melting the glass compound's mix of components into a liquid condition before spreading it into a sheet. After that, the molten liquid is cooled to obtain the required product. Flat glasses are made by carefully controlled thermal and chemical reactions to ensure structural robustness. Despite this, flat glass is extremely adaptable and changeable once installed.

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The global flat glass market is now being driven by the growing demand for tempered glass in the automobile industry, which is being fuelled by the economic growth of several emerging countries. According to the Organisation Internationale des Constructeurs d'Automobiles, 97 million automobiles were produced worldwide in 2017, with India seeing a 5.83 percent increase over the previous year and China seeing a 3.19 percent increase. Furthermore, the flat glass market benefits from rising demand for fabricated flat glass products such as solar glass panels and electronic displays. Amorphous or non-crystalline solids are employed in a variety of industries, including automotive, solar panels, aerospace, and others, propelling the flat glass industry forward. Moreover, variation in raw material prices is a major factor that could stymie market expansion throughout the foreseeable period.

Based on technology, the market is bifurcated into Rolled, Float, and Sheet. On the basis of product, the Flat Glass Market has been categorized into Toughened Glass, Basic Float Glass, Laminated Glass, Coated Glass, and Others. On the basis End-Use Industry, the market is classified into Automotive & Transportation, Construction & Infrastructure, Solar Energy, and Others.

Construction and Infrastructure held the highest market share in 2019 and is expected to grow at a 6.55 percent CAGR over the forecast period. In 2019, the second-largest market was Automotive & Transportation.

In 2019, Asia-Pacific had the greatest market share, while North America had the second-largest. Because of the increasing urbanisation and demand for passenger vehicles in this region, the Asia Pacific region is the fastest-growing market for flat glass. Due to rising construction activity, China and India are the major markets for flat glass, and this trend is projected to continue.

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Some of the major key players in the Flat Glass Market are AGC Inc., Guardian Industries, Cevital Group, Şişecam Group, Vitro, Saint-Gobain, Heska Corporation

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This release was published on openPR.