Flat Glass Market is expected to grow at a robust CAGR
Global
Flat Glass Market is expected to grow owing to growing demand for electronic
displays and increasing demand from the construction industry throughout the
forecast period.
According
to TechSci Research report, “Flat
Glass Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028”, the Global Flat Glass Market is expected to
register robust growth during the forecast period. The
rising number of solar energy installations globally, coupled with the
increasing penetration of glass architecture in residential and non-residential
constructions, is anticipated to drive market growth over the forecast period.
Factors such as the depletion of renewable resources, government regulations,
rising environmental concerns, reductions in the cost of solar installations,
advancements in technology, and the growing electricity demand, are propelling
solar capacities to increase, which, in turn, is benefitting the market growth.
The
demand for smart glass is on the rise. Smart glass can change its properties,
such as transparency or opacity, in response to external stimuli, like light or
electricity. It is used in applications such as privacy glass, dynamic windows,
and display technologies. As smart buildings and homes become more common, the
use of smart glass for energy efficiency, privacy control, and aesthetics is
expected to increase.
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through XX Pages and an in-depth TOC on the "Global Flat Glass Market."
Based
on product type, Insulated
Glass segment is expected to dominate the market during the forecast period. The
insulated glass segment of the global flat glass market plays a crucial role in
various industries, particularly in construction and to a certain extent in the
automotive sector. This segment has witnessed substantial growth and
transformation in recent years due to evolving consumer preferences, energy
efficiency requirements, and advancements in glass technology. The insulated
glass segment has been experiencing steady growth, primarily driven by the
construction industry's escalating demand for energy-efficient solutions. The
growth of this segment is closely intertwined with the overall construction
industry, as insulated glass serves as a vital component in windows and facades
of energy-efficient and sustainable buildings. Furthermore, the automotive
sector is also embracing insulated glass to enhance cabin comfort and optimize
fuel efficiency. Regions with stringent energy efficiency regulations, such as
North America and Europe, exhibit high demand for insulated glass. These
regulations prompt the adoption of double and triple glazing, which provides
superior insulation and reduces heating and cooling costs. As global concerns
regarding sustainability and energy efficiency continue to intensify, the
demand for insulated glass is projected to increase. The insulated glass
segment has benefited from technological advancements, including the
development of low-emissivity (Low-E) coatings, gas-filled cavities, and
warm-edge spacer systems. Low-E coatings effectively regulate heat transfer,
while gas-filled cavities enhance insulation. Warm-edge spacer systems further
enhance the thermal performance of insulated glass units. These innovations
significantly improve the energy efficiency and overall performance of
insulated glass, positioning it as an appealing choice for both residential and
commercial buildings.
Based
on end-use industry, Building & Construction segment is projected to
dominate the market throughout the forecast period. The building and
construction segment holds significant importance and exerts a notable
influence within the global flat glass market. It encompasses a diverse range
of applications, spanning from residential to commercial and industrial
construction. This sector is intricately intertwined with architectural trends,
energy efficiency regulations, and sustainable building practices. Moreover, it
accounts for a substantial share of the global flat glass market. The growth of
the building and construction segment is closely tied to the overall health of
the construction industry as well as the demand for residential, commercial,
and infrastructure projects. Construction activities are being propelled by
urbanization, population growth, and economic development in emerging markets,
consequently driving the demand for flat glass products. Architectural trends
play a pivotal role in shaping the demand for flat glass in the building and
construction segment. Contemporary architectural designs increasingly favor
features like large glass facades, curtain walls, and expansive windows.
Additionally, the pursuit of open and light-filled spaces has led to the
utilization of glass in interior design, such as glass partitions, balustrades,
and glass staircases. Furthermore, the demand for specialized flat glass
products in the construction industry is driven by energy efficiency
regulations and sustainability goals. Governments worldwide are imposing
stricter energy codes and green building standards.
Key
market players in the Global Flat Glass Market are:-
- AGC
Inc.
- Asahi
India Glass Limited
- Cardinal
Glass Industries Inc.
- China
Glass Holdings Limited
- Fuyao
Glass Industry Group Co., Ltd.
- Pilkington
Group Limited
- Euroglas
GmbH
- Nippon
Sheet Glass Co. Ltd
- Taiwan
Glass Industry Corporation
- Compagnie
de Saint-Gobain S.A.
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“The
Flat Glass Market in Asia Pacific is poised to be the dominant force in the
industry. The automotive sector in the Asia-Pacific region is experiencing
significant growth, with China, India, and Japan being key players in global
automobile production. The increasing utilization of laminated and tempered
glass by car manufacturers, driven by safety and aesthetic considerations,
further fuels the demand for flat glass.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Flat
Glass Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
By Product Type (Clear Float Glass, Tempered Glass, Insulated Glass, Coated
Glass, Annealed Glass and Laminated Glass), By Technology (Float, Rolled and
Sheet), By End-Use Industry (Building & Construction, Automotive, Consumer
Goods and Solar), By Region, By Competition Forecast & Opportunities,
2018-2028,”
has evaluated the future
growth potential of Global Flat Glass Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Flat Glass Market.
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