Clear Glass Market is Expected to Register a High CAGR through 2028
Rising Infrastructure projects & mining activities
in developing nations are driving the Global
Clear Glass Market.
According to
TechSci Research report, “Global Clear Glass Market - By Region, Competition, Forecast & Opportunities, 2027”, The global clear glass
market is anticipated to have healthy expansion during the forecast period as a
result of significant infrastructure projects in developing economies and the
surge in building activity in Asia-Pacific, the United States, and Europe.
The demand for automotive
glass is expected to increase as the number of vehicles sold and its aftermarket
applications rise. The number of autos produced in 2018 was estimated at 95.6
million, demonstrating how strong the demand for cars is. The market for clear
glass is expected to increase throughout the projected period as a result of
this aspect, which will also greatly increase the total demand for automotive
glass. The driving conditions and weather both affect how long automotive glass
lasts. Automotive glass has an operating lifespan of seven to 10 years under
good driving conditions. However, if a little piece of debris strikes a
fracture in the glass while travelling at a fast speed, the windshield must be
replaced. This ultimately improves the aftermarket sector of the worldwide
market. As the possibility of glass breaking or cracking rises in cold
weather, extreme cold also tends to increase the replacement ratio of vehicle
glass. Therefore, cold-weather nations such as Canada, the U.S., Norway, the
U.K., and others will offer stronger chances for the aftermarket sector.
Browse over xx market data Figures spread through xx Pages and an in-depth TOC on the "Global Clear Glass Market"
Based on technology, Flat is one
of the leading segments in the Global Clear Glass Market Because of increasing
growth in the construction and infrastructure industry across the world. The
use of flat glass in the construction of big commercial buildings has resulted in
the continued trend of environment-friendly practices in the office and at
home, and the flat technology sector is expected to register a significant CAGR
throughout the forecast period. The building industry has utilised flat glass
as an insulating material, exterior glazing material, structural component, and
cladding material. Flat glass is also being utilised more frequently to provide
delicate-looking fenestrations on both traditional windows and façade. Flat
glass has become more popular as a result. In addition, flat glass has emerged
as a crucial component in solar panels for shielding PV cells from outside
factors including hail, rain, and flying debris. As a result, the expansion of
the flat glass market is anticipated to be aided by the rising number of solar
energy installations across the nation.
In terms of regional analysis, the global clear glass market
is segmented into North America, South America, the Middle East & Africa,
Asia-Pacific & Europe. Asia Pacific region is expected to dominate the Global
Clear Glass Market and register a high CAGR during the forecast period. This is
because the market for clear glass is expected
to grow in the next years, as rising in building activities and development,
the real estate market, the automobile industry, and the production of solar
panels in the Asia Pacific region. In addition, more building work is being
done in the area to meet the demand in the Asia Pacific region as a result of
the region's growing population.
The Real Estate
Investment Trust (REIT) platform, which will allow all types of investors to
invest in the Indian real estate market, has received permission from the
Securities and Exchange Board of India (SEBI) in the nation of India, which is
part of the Asia-Pacific region. In the ensuing years, the Indian market will
be presented with an opportunity valued at USD 19.65 billion. Indian real
estate developers have changed tactics and embraced new challenges in response
to an audience that is becoming more aware and while keeping in mind the impact
of globalization. The transition from family-owned enterprises to those that
are professionally managed has been the transformation that has been the most
noticeable. Real estate developers are employing experienced experts in fields such
as project management, design, and engineering to fulfil the increased need for
managing many projects across cities. They are also investing in centralized systems
to arrange labor and source materials.
Key market
players in the Global Clear Glass Market include:
- Vitro Architecture
Glass
- Guardian Industries
- Saint-Gobain Group
- Pilkington
- Euroglas GmbH
- Asahi India Glass
Limited
- Jinjing (Group)
Co., Ltd
- CSG Holding Co. Ltd
- Taiwan Glass
Industry Corporation
- Xinyi Glass
Holdings Limited
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For
instance, India is a country in the Asia-Pacific region and according to SEBI,
the residential sector is expected to grow significantly as the central
government works to construct 20 million affordable homes in urban areas
nationwide by 2022 as part of the expansive Pradhan Mantri Awas Yojana (PMAY)
program of the Union Ministry of Housing and Urban Affairs. The need for
commercial and retail office space will rise as the number of dwelling units in
metropolitan regions is anticipated to rise. Therefore, these
factors are expected to drive the Global Clear Glass Market in the upcoming years", said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Global Clear Glass Market By Product (Basic
Float Glass, Toughened Glass, Coated Glass, Laminated Glass, Extra Clear Glass,
Others), By Technology (Flat, Rolled, Sheet), By End-Use Industry (Construction
& Infrastructure, Automotive & Transportation, Solar Energy, Others), By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of the Global Clear Glass Market
and provides statistics and information on market structure, size, share, and
future growth. The report is intended 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 present in the Global Clear
Glass Market.
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