Flat Glass Market size worth over $170 bn by 2026
Published Date: December 13, 2019 Authors: Kunal Ahuja, Kritika Mamtani
Flat Glass Market size is set to surpass USD 170 billion by 2026; according to a new research report by Global Market Insights, Inc.
Flat glass is manufactured in flat form with different chemical make up for individual applications. It is made of natural materials & is widely utilized in automobile and construction application. It is used in exterior & interiors application such as solar cells, furniture, windscreens, transparent walls, and windshields. Market manufacturing of flat glass requires materials such as limestone, salt cake, dolomite, sand, and soda ash. Flat glass is the most common type of glass utilized in consumer products owing to its high durability, structural flexibility & malleability, and low requirement for polishing.
Rising awareness regrading health & safety concerns to escalate demand for tempered glass in automotive markets
The global tempered flat glass market witnessed a consumption of over 85 million tons in 2018. It is widely used for manufacturing glass for sidelites and back window (backlite) owing to stability and resistivity towards thermal expansion. Tempered glass is also used to minimize the impact of accidents as it breaks into dull & small pieces unlike traditional glass. Stringent regulations towards the use of safe glass and rising concerns on safety measures is likely to augment the market growth for flat glass.
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Growing automobile market owing to rapid industrialization and easy availability of housing loans is likely to increase the demand for tempered glass. Properties such as high mechanical strength, low weight, durability, easy to clean nature, and UV protection is making manufacturers shift towards tempered flat glass. Increasing use of tempered glass in manufacturing automotive windows and backlights is likely to propel market demand.
Browse key industry insights spread across 660 pages with 1263 market data tables and 36 figures & charts from the report, “Flat Glass Market Size By Product (Laminated, Tempered, Basic Float, Insulating), By Application (Construction, Automotive), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
Rising construction & renovation activities may accelerate flat glass market growth
Rapid industrialization & increase in construction and renovation activities may drive the market for flat glass. Supportive government regulations in market towards the use sustainable construction materials and rising demand for recyclable materials is likely to boost industry demand. It is widely used in residential construction owing to its high durability, resistance against oxidants & water, and compatibility to be manufactured in various colors which is likely to boost flat glass market share.
Increasing market demand for modern office spaces and rising concerns towards safety in construction market is increasing the use of glass in commercial construction activities which may boost market share. Rising trends in market to shift from cement and exterior planning is increasing the use of flat glass owing to its compatibility to offer customized solutions. It is available in various hues & can be customized to perform photochromatic, UV protection, shatter -proof, and tinted solutions which is likely to foster market share.
Rising automotive industry and rapid industrialization to trigger the demand for flat glass in Asia Pacific
Rising disposable income, easy availability of automotive loans, and increasing consumer inclination to own high performance luxury vehicles is likely to boost market demand. Glass derivatives are widely used in manufacturing automotive headlights, back glass, and windshields owing to its high durability and resistance to environmental susceptibilities which my boost market demand. Moreover, rapid industrialization owing to growing automobile manufacturing hubs in the region is likely to foster market demand.
Various flat glass industry players are investing in R&D to increase durability and resistance against chemicals to gain competitive edge in the market. Major players are acquiring firms and increasing production capacity to strengthen regional presence and utilize well established distribution networks. The primary participants in flat glass market share include Saint – Gobain Glass, Independent Glass, CSG Holding, Dillmeier Glass Company, Corning, Euroglass GmbH, Scheuten Glas Nederland, Schott AG, PPG industries, and Guardia Group.