Market Insights:
The broadening of the
application scope of flat glass has raised the growth potential of the flat
glass market considerably. Reports that gauge the advanced material industry
have been made available by Market Research Future which creates reports on
several industry verticals that review the market growth and prospects. The
market is set to observe a CAGR of 8.02 % in the forecast period.
The raised integration
of flat glass construction in creating clean and sleek building exteriors is
expected to inspire the market’s progress. Also, increasing consumption of
furniture and electronic products which increasingly rely on the flat glass as
the core materials are expected to surge in the upcoming period. The
development of value-added products is predicted to provide an edge to the
growth of the flat glass market around the world. Additionally, the usage of
flat glass in solar energy installations is expected to be conducive to market
expansion in the impending years owing to the rising renewable energy sector.
Global Key Player:
·
PPG
Industries, Inc.
·
Xinyi
Glass
·
Nittobo
·
Luoyang
Glass
·
C Asahi
Glass
·
Nippon
Sheet Glass
·
Hangzhou
Almaden
·
AviationGlass
& Technology
·
Emerge
Glass
·
Saint-Gobain
S.A.
·
Guardian
Industries
·
Taiwan
Glass
·
Schott AG
·
AEON
Industries
·
Suzhou
Huadong Coating Glass
Segmental Analysis:
The segmentation of
the flat glass market is carried out on the basis of product, technology,
application, and geography. On the basis of product, the flat glass market is
segmented into laminated, tempered and others. On the basis of technology, the
flat glass market is segmented into float, rolled and sheet. On the basis of
application, the flat glass market is segmented into automotive &
transportation, construction & infrastructure, and others. On the basis of
geography, the flat glass market is segmented into the Americas, Europe, Asia
Pacific and rest of the world.
Detailed Regional
Analysis:
The regional market in
the flat glass market can be segmented on the basis of geography into Asia
Pacific, Europe, North America, and the rest of the world. As per the analysis,
the Asia Pacific region represents the chief and the fastest rising market worldwide
with a CAGR of 7.5% in the course of the analysis period. Speedy urbanization
swell in construction activity in the commercial, industrial, residential and
infrastructural sectors is a key factor for the region’s growth. Along with the
rising demand for luxury cars that use more glass than conventional models, are
the top expansion drivers of the market in the coming years. Furthermore, the
rising construction industry and improved investments in airport construction
are motivating the demand for the flat glass market globally. The boost in
focus on building interiors and rising demand for solar thermal panels is also
expected to impel the flat glass market growth.
Competitive
Analysis:
The advancement of the
market is projected to capture amplified impetus in the coming years chiefly
due to the incidence of contributory government plans. The escalated turnaround
in the market is likely to set off new openings for the development of the
market. The enhancement in different domestic economies is projected to
encourage the progress of the market in the impending period. The ease in
accessing key planned opportunities important to consequent stabilization of
inflation is projected to generate a promising option for development in the
approaching years. In the approaching years, the control exerted by fairly
high-income level nations around the world and the likely gains observed
towards a few of the currencies around the world is projected to strengthen the
fruition of the market in the forecast period. A significant climb in the
number of backers in the market is expected to craft an advantageous state of
affairs for the evolution of the market in the projected period.
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