Flat Glass Sales Are Expected To Grow With A 4.5% CAGR And Reach US$ 445 Bn By 2032

According to a recently completed Fact.MR report, the global flat glass market is expected to reach US$ 445 Bn by the end of the 2022-2032 forecast period, at a CAGR of 4.5%. The market's expansion is intricately tied to changes in the worldwide building and power generation industries. Flat glass is used extensively in solar power generation.

Demand for flat glass goods increased at a CAGR of about 4% from 2015 to 2021, reaching US$ 274 billion. Prospects decreased significantly during the peak of the COVID-19 epidemic, owing to the worldwide construction industry's downsizing. The postponement or cancellation of critical infrastructure development operations harmed flat glass demand. However, chances have begun to improve after 2021, as prohibitions on commercial operations have been lifted.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=7151?PS

With the increasing number of solar energy installations worldwide and the increasing penetration of glass technology in both residential and non-residential structures, the market is likely to rise throughout the forecast period. The demand for flat glass is strongly tied to the development of buildings and infrastructure. Recent architectural developments have boosted the use of flat glass on roofs and facades to optimise natural light.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

• The global market is expected to reach US$ 286.33 Bn by the end of 2022

• The global flat glass market for new construction application systems was worth US$ 40 Bn in 2021

• In 2022, Asia Pacific is expected to account for more than 62% of global revenue.

• More than 45% of volume share will be held by the insulated product segment in 2022.

• The architectural application segment is projected to hold the largest revenue share of more than 73% in 2022.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

Because of the presence of multiple significant competitors, the market is fragmented and extremely competitive. Companies are employing a variety of measures to recover from pandemic losses and strengthen their market positions. In addition to intensive R&D, the companies are working hard to develop novel products that are high-quality and cost-effective in a variety of applications.

• In September 2020, Guardian Glass opened its second float glass facility in Poland. The newly constructed facility will make high-performance products easier to access for the architect and construction markets.

• AGC Inc. integrated its Architectural Glass Business in Japan with Central Glass Co. by the fourth quarter of its fiscal year ending December 31, 2021.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=RC&rep_id=7151?PS

The increasing number of solar energy installations around the world, together with the increasing penetration of glass architecture in residential and non-residential structures, is expected to fuel market expansion over the forecast period. Factors such as the depletion of renewable resources, government regulations, rising environmental concerns, cost reductions for solar installations, technological breakthroughs, and rising energy consumption are propelling solar capacity to increase, benefiting market growth.

𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗙𝗹𝗮𝘁 𝗚𝗹𝗮𝘀𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗦𝘂𝗿𝘃𝗲𝘆:

• By Product
• Insulated Flat Glass
• Laminated Flat Glass
• Tempered Flat Glass
• Basic Flat Glass
• Other Flat Glass Products
• By Application
• Automotive Flat Glass
• Architectural Flat Glass
• Other Flat Glass Applications

𝗚𝗲𝘁 𝗙𝘂𝗹𝗹 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗳 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/checkout/7151?PS

𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲

Fact.MR, in its new offering, presents an unbiased analysis of the flat glass market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product (basic, tempered, laminated, insulated and others) and application (architectural, automotive and others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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This release was published on openPR.