Flat Glass Market Size is Growing at a CAGR of 6.7% by 2027 | Reports and Data

Flat Glass
Flat Glass

The global Flat Glass market is forecasted to grow at a rate of 6.7% from USD 116.32 billion in 2019 to USD 189.65 billion in 2027. The revival of the construction sector in developed economies such that North America and the rapid expansion of new construction spending in emerging Asia-Pacific economies are expected to be the main drivers of the market.

The recent trend indicates a rapid transition in the architecture of the building, which maximizes natural daylight through the use of flat glass in facades and roofs. Besides, innovations such as Low-E and triple silver insulated products are the main drivers of the market. Low-e (low emissivity) flat glass contributes to a building\’s energy savings and is expected to experience significant growth due to the increasing installation of green buildings around the world.

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Key participants include: Saint Gobain, Asahi Glass Company, Corning, China Glass Holding, Nippon Sheet Glass, Vitro, Guardian, Euroglass, Cardinal, and Schott, among others

Further key findings from the report suggest

The construction industry is the most-significant end-user segment in the market studied. Besides, the current trend of smart city projects should also stimulate demand for flat glass. Glasses are widely used in the construction industry, in windows, facades, doors, interior partitions, railings, and storefronts, among other parts of the building, thus offering the possibility of floating glasses.
Body-tinted Float glass is a new type of glass, in which molten dyes are added for coloring having solar radiation absorption properties. This type of glass saves energy, reduces the penetration of heat into buildings, and offers a striking visual effect.
The Asia Pacific construction sector has grown steadily in recent times due to the presence of rapidly growing economies, rapid urbanization, and increased infrastructure spending. The growing presence of international companies in the Asia-Pacific region has also generated demand for the construction of new offices, production houses, buildings, etc., thereby driving the growth of the construction sector in the region.
Moreover, international suppliers are moving their manufacturing base to the Asia-Pacific region. It may be due to the availability of inexpensive unskilled and skilled workers in the area. Fast-paced industrialization and urbanization in India, China, and other countries in the Asia-Pacific region, combined with the adoption of smart and energy-efficient technologies as advanced construction practices have a positive influence on the request for flat glass..

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Product Outlook (Revenue, USD Billion; 2017-2027)

Toughened Glass
Basic Float Glass
Laminated Glass
Insulated Glass
Coated Glass
Extra Clear Glass

Technology Outlook (Revenue, USD Billion; 2017-2027)

Sheet Glass
Rolled Glass
Float Glass

Application Outlook (Revenue, USD Billion; 2017-2027)

Architectural
Automotive
Solar Energy
Regional Outlook

For comprehensive understanding of market dynamics, the global Flat Glass market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Report Highlights

Detailed overview of the parent market
Changing dynamics of the market
Regional evaluation of the market variables
Evaluation of the market based on the present and past data collected
Historical, present, and projected market, in terms of volume and value
Recent market trends and developments
Market segmentation
Competition landscape
Strategies by key players and products offered
A neutral perspective on performance of the global Flat Glass market

Finally, the Flat Glass Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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