Flat Glass Market 2018
Global Flat Glass Market Information by Product (Laminated, Tempered, Others), by Technology (Float, Rolled, Sheet), By Application (Construction & Infrastructure, Automotive & Transportation and others) and region- Forecast To 2023
Market Synopsis:
Glass is a hard substance that may be transparent or translucent and brittle in nature. It is manufactured by fusion process. It is used in construction purpose and architectural purpose in engineering. Flat glass is a material that plays an important role for manufacture of windows and facades for buildings, windscreens and windows for transport, and solar panels, but also in many other applications such as furniture, electronics.
Today, flat glass comes in many highly specialized forms intended for different products and applications. Flat glass produced by way of the float process is often further processed for certain qualities or specificities. In this way, the industry can meet the various requirements and needs of the construction, automotive and solar energy industries. Growing demand for engineered glass in buildings, especially for use in windshields, transparent walls, and windows, is expected to drive the global market over the forecast period. In mature markets such as North America and Europe, growth will be driven by the launch of value-added products such as laminated glazing and the legislation of energy performance mandates for buildings.
The key players of global flat glass market includes Asahi Glass (Japan), Saint-Gobain S.A. (France), Nippon Sheet Glass (Japan), Guardian Industries (U.S.), Taiwan Glass (Taiwan), Schott AG (Germany), PPG Industries, Inc. (U.S.), Xinyi Glass (China), Nittobo (Japan), Luoyang Glass (China), Changzhou Almaden (China), Emerge Glass (India), AviationGlass & Technology (Netherlands), AEON Industries (China), and Suzhou Huadong Coating Glass (China).
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Regional Analysis:
The global market can be segmented on the basis of geography into Asia Pacific, North America, Europe, and the Rest of the World. Globally, Asia Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.5% over the analysis period. Rapid urbanization, increase in construction activity in industrial, commercial, residential and infrastructural sectors, and rising demand for luxury cars that utilize more glass than mainstream models, are among the growth drivers. Growing construction industry, increased investments in airport construction, an increase in focus on building interiors, and growing demand for solar thermal panels also drive the market growth.
The report for Global Flat Glass Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Flat glass is the second largest sector in the glass industry in the European Union after container glass (bottles, jars, others). Flat glass represents around 30% of total glass production and is driven by the increasing demand from the construction & infrastructure and automotive & transportation sectors, especially in emerging regions. With the increasing number of solar energy installations around the globe, the demand for flat glass is expected to increase the the manufacture of solar panels. The growing demand for residential & commercial infrastructure and the increasing production of automobiles is also expected to drive the growth of the flat glass market in the coming years.
Flat glasses are used extensively in furniture, owing to its elegant appearance. Ease of cleaning and low maintenance increase the demand for flat glass products in furniture application. Furthermore, emerging innovative applications are likely to propel the demand for the global flat glass market for other end-users in the construction industry. Flat glass is extensively used in construction industry, replacing conventional bricks, wood and stone. Growth in infrastructural spending for building airports and residential buildings, coupled with strict amendments regarding the use of ecofriendly building materials will drive industry growth. Emerging trends, which have a direct impact on the dynamics of flat glass industry, include increasing usage of advanced nanotechnology in flat glass, solar control glazing for automotive and building glasses, lightweight glazing glass. Moreover, increase in automotive production meeting the global demand, owing to rise in middle class income level and consumer preference for luxury automobile, should propel flat glass demand.
The report segments the global flat glass market by Product (Laminated, Tempered, Others), by Technology (Float, Rolled, Sheet), By Application (Construction & Infrastructure, Automotive & Transportation and others) and by geography (The Americas, Europe, Asia-Pacific and RoW). Increase in residential and commercial construction, is also expected to boost the market growth during the coming years. Rapid population expansion, coupled with the infrastructural requirement, has led the government to initiate several large-scale construction works in order to ease pressure on existing infrastructure. This will spur the market growth over the forecast period.
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