Flat Glass Market Global Trends 2016 to 2023, Future Growth & Industry Drivers

Growing application in construction and automotive industries is expected to drive the flat glass market growth over the coming seven years. Flat Glass market share in construction industry is expected to surpass USD 102 billion by 2023. Rise in expenditure on construction activities accompanied by growing need for durable infrastructure is projected to drive the industry demand.

Global Market Insights has a new study based report titled " Flat Glass Market Size By Product (Laminated, Tempered, Basic Float, Insulating), By Application (Construction, Automotive), Industry Analysis Report, Regional Outlook (North America, Central & South America, China, Indian Sub-Continent, Oceania, Europe, Post-Soviet States, Middle East) Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023".

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The report offers all-inclusive analysis of:

1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period

Flat glass application in automotive industry is forecast to record a CAGR of 7.5% over 2016-2023. Strict vehicle safety regulations along with introduction of point of difference in automobiles are projected to enhance the use of flat glass in OEM industry. Furthermore, rising vehicle penetration due to growing spending power of consumers in emerging economies is expected to boost the application growth over the coming years.

The Flat Glass Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Flat Glass Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights

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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

4. Flat Glass Market Product Insights

Tempered flat glass market size was the largest product segment and will exceed USD 40 billion by 2023. Passenger safety is a growing concern for automotive manufacturers and the industry stands to benefit immensely from it. Other applications include mobiles phones, doors, windows and kitchen utensils.

Laminated product will exceed 4 billion sq.mt. in volume by 2023. Additionally, the demand will be complemented by surge in Asia Pacific construction budgets with an increase in disposable income. The insulated flat glass market size is set to witness growth over 7% CAGR by 2023. Double-glazing method is used to manufacture insulated glass, where the sheets of windowpanes are disconnected by gases or vacuum to limit the heat transfer. Major applications include airline windows.

5. Flat Glass Market Application Insights

Construction flat glass market size is set to exceed USD 90 billion by 2023. Rise in construction expenditure along with demand for sustainable infrastructure will drive the business growth Automobile applications are expected to witness a growth of over 7% by 2023.

Tempered glass is widely used subject to its robust nature. Refurbishment applications is likely to witness a growth over 5% by 2023. Growing consumer awareness will further compliment the industry outlook.

6. Flat Glass Market Regional Insights

North America flat glass market worth USD 6.5 billion in 2015, is expected to witness a significant growth due to rising demand for laminated glass in construction industry. U.S. flat glass market is expected to drive regional growth over the coming years.

Latin America flat glass market is expected to record a CAGR of 7.8% over the period of 2016-2023 owing to rise in purchasing capacity of consumers, easy availability of raw materials, improvement in commercial facilities, and growth of automotive industry. Brazil, Chile, and Argentina are expected to be major revenue pockets of the region over the coming seven years.

Middle East flat glass market is expected to grow at a rate of 7.3% over the period of 2016-2023 due to rise in expenditure in construction industry. Saudi Arabia and Qatar are predicted to make vast contributions towards the overall revenue of the region. Asia Pacific market is expected to witness a substantial growth over the coming seven years due to expanding automotive industry and favorable foreign investment activities.

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7. Competitor Profiles

Key industry players include Saint-Gobain, CSG Holding Company Limited, Scheuten Glass, Dillmeier, Schott, PPG Industries, Asahi, Corning, Astrocam, Interpane, and Sisecam. These market players will try to increase their ROI through R&D investments, new product launches, and market penetration.

About Global Market Insights, Inc.:
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This release was published on openPR.