Press release
Flat Glass Market Surge Towards Solid Growth by 2024
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Increasing global demand for insulation in the construction industry is witnessing higher growth in the flat glass market. The increasing popularity of the tempered glass among consumers in the automotive industry may boost the global market growth in the near future. Furthermore, some of the major factors that forester the flat glass market are the use of insulating and laminated glasses in solar energy applications. Moreover, people attracted towards innovative building constructions or luxurious renovations are anticipated to positively affect the global market growth in future. Government initiation in developing infrastructure is also expected to fuel flat glass market in future. Other uses of the flat glass in phone and aerospace industry are projected to fuel the product demand in the market. In addition, food industry using flat glasses for packed food will also enhance the market growth in future. A variety of benefits of flat glass such as fire resistance, noise control, chemical inertness, energy saving, self-cleaning, luxury design have made a flat more popular in the construction industry. Conversely, brittleness of the glass may hamper the growth of the global flat market.
The global flat glass market is segmented on the basis of product type as fabricated and non-fabricated products. The fabricated product segment is further sub-segmented as insulating, tempered, laminated, mirrors, and extra clear glass. The non-fabricated segment is sub-segmented as basic glass produced by the standard float method. Of these, fabricated product type is dominating the market.
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Asia Pacific shows a considerable growth in the flat glass market. Rising automobile sector in Asia Pacific positively impacts the market growth in this region. Emerging economies such as India, China, and Japan are largely spending on construction activity, which in turn will provide ample opportunities. North America is the second leading region in the flat glass market.
Some of the major key players dominating the global flat glass market are OldCastle, Guardian Industries Corp., NSG Group, PT Asahimas Flat Glass Tbk, Asahi Glass Co., Ltd.Saint-Gobain, AJJ Ltd., Taiwan Glass Group, AGC, Independent Co. Ltd., and Cardinal, PPG. Others key players influencing the global market are Trakya Cam Sanayii A.S., Nippon Sheet Glass Co., Central Glass Co., Ltd., Carlex Glass Company, Pilkington Group Limited, Ltd., Compagnie De Saint-Gobain, and Gujarat Guardian Limited.
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Flat Glass Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
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