January 16, 2020
According to the research report titled ‘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, Asia Pacific, Europe, Post-Soviet States, Middle East, Africa) Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, the global flat glass market is expected to cross USD 170 billion by the year 2026.
According to the report, increasing awareness pertaining to energy consumption in tandem with growing demand for green construction materials are major factors driving flat glass market growth. Flat glass is extensively used in interior and exterior construction activities since they are compatible with several laminated as well as photochromatic coatings. This type of glass also offers high flexibility, durability, and strength. Growing inclination towards minimalistic and aesthetically pleasing flat glass products is aiding the expansion of the market.
Escalating investments in infrastructural development and increasing renovation and construction expenditure in developing countries is supporting industry size. This factor coupled with rising trends of replacing granite, cement, and brick in building exteriors is leading to rising adoption of flat glass in residential construction activities. In automotive sector, strict government regulations in North America and Europe pertaining to flat glass derivatives for decreasing automotive accident mortality rates is stimulating the industry outlook.
Based on the application spectrum, the automotive flat glass market segment is expected to register substantial growth during the estimated timeframe. Increasing concerns regarding safety and strict government regulations have compelled automotive manufacturers to adopt high quality glass, thereby facilitating the business scenario.
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As per regional analysis, the report states that North America flat glass industry is presumed to grow significantly during the forecast period. The growth is attributed to strict federal reforms in automobile manufacturing and increasing safety awareness. Flat glass is widely used in manufacturing windows, windshields, and tail-lights since it breaks into blunt and small pieces. Moreover, the utilization of the product in insulating panels in premium and luxury vehicles will further amplify regional contribution.
The prominent companies operating in the flat glass market are GrayGlass Co., Central Glass Co. Ltd., Sisecam A.S. Group, Schott AG, Scheuten Glas nederland B.V., Sangalli Group, Interpane Glas Industrie AG, Euroglas GmbH, Corning Inc., China Glass Holdings Ltd., Cardinal Glass Industries, NSG Group, Trulite Glass & Aluminum Solutions, Paragon Tempered Glass, Syracuse Glass Co., Oldcastle Building Envelope, AJJ Glass Products Co. Ltd., Dillmeier Glass Co., Astro Cam, CSG Holding Co. Ltd., Independent Glass Co. Ltd., Asahi India Glass Ltd. (AIS), Saint-Gobain Glass, GSC Glass Ltd., Xinyi Auto Glass, Duratuf Glass Industries Ltd., Guardian Group, PPG Industries Inc., and Asahi Glass.
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