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Flat Glass Market size over $134 billion by 2023: Global Market Insights, Inc.

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Updated on Sep 13, 2016

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Flat Glass Market size is expected to reach USD 134.6 billion by 2023; according to a new research report by Global Market Insights, Inc.

Positive application scope in automotive and construction industry should drive flat glass market size growth. In addition to windshields and windows in automobiles, it is also widely used in thermal collectors, photovoltaic and concentrated solar power systems which may favor industry demand.

China flat glass market size may generate over USD 55 billion by 2023. Increasing government expenditure on infrastructural projects along with booming automotive industry should favor industry growth. Various building regulations related to energy efficiency norms is likely to increase solar control & thermal insulation usage and stimulate product usage.

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Construction market was the largest and may generate over 6.5% growth. Basic float and tempered are key products driving industry growth in housing expansion. These are applied as both exteriors and interiors to structure, in order to improve aesthetic value and avoid fragility.

Tempered glass market size may surpass USD 39 billion revenue by 2023. It is widely used in construction industry for various applications on account of its lightweight and high strength properties. Strict regulations govern the industry automobile and construction industry. LEED standards need to be complied for its use in green buildings applications. In addition, industry fabricators need to comply with FEMA specifications in construction industry for safety.

Flat glass market has vast market opportunities owing to key performance metrics such as self-cleaning, noise control, energy-saving, fire protection, and neutrality. These properties make the product ideally suited for construction application. Key raw materials, soda ash, limestone, and sand may witness tight supply situation and affect flat glass market price trend. Raw materials and energy are two largest elements in deterring the cost structure in the manufacturing process.

Browse key industry insights spread across 150 pages with 118 market data tables & 17 figures& charts from the report, “Flat Glass Market Size By Product (Laminated, Tempered, Basic Float, Insulating), By Application (Construction, Automotive), Industry Analysis Report, Regional Outlook (North America, Central & South America, China, Indian Sub-Continent, Oceania, Europe, Post Soviet States, Middle East) Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:

Key insights from the report include:
• North America, driven by U.S. flat glass market in architectural projects, was valued at over USD 6.5 billion in 2015. New product expansions and rising preference towards laminated products should favor regional growth.

• Automobile industry in Europe consumed over 1.1 million tons in 2015. EU, dominant by UK, France and Germany flat glass market, find application in tempered and laminated products due to positive construction outlook.

• Post-Soviet States, driven by Russia, Ukraine and Belarus, may grow significantly at 4.5%, on account of new building activity coupled with residential refurbishment work, favoring industry growth.

• Insulating glass market consumption was over 1.25 billion square meters in 2015. It is most widely used airline window and is also used to reduce air-to heat transfer through glazing.

• Float glass market size may show significant gains at over 5.5% CAGR. Increasing application scope in building glazing and automotive insdustryshould influence product demand. OEM sector with automobile industry growth may observe strong gains at over 7.5%.

• LATAM, driven by Chile, Argentina and Brazil flat glass market should gain 7.8% CAGR. Rising per capita income coupled with automotive industry growth should drive regional demand.

• Global flat glass market share is highly fragmented and competitive. Saint Gobain, Asahi, NSG, CSG Architectural, Xiny Auto, Sisecam, Schott and Corning are among notable industry players. Other prominent participants include Astrocam, PPG Industries, Dillmeier, Syracuse, Cardinal, Scheuten. Interpane and Sangalli.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Jack Davis
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1 302-846-7766
Toll Free: 1 888-689-0688
Email:[email protected]
Source: Global Market Insights, Inc.
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