The global Flat Glass market is forecast to reach USD 189.65 Billion by 2027, according to a new report by Reports and Data. Insulated flat glass is experiencing increasing deployment because it reduces pollution, saves energy, and improves comfort inside the building. The improved properties of sound insulation and thermal insulation provided by these products are expected to stimulate demand. Factors such as growing urbanization, the increase in the real estate sector, the use of solar products, and product innovation are providing substantial stimulus for market growth. The growth of the solar energy market, due to the growing dependence on renewable energies, as well as the subsidies available for energy storage, will propel the growth of the studied market. As there are only a few products involved in the production of flat glass, they cannot be replaced by others. However, fluctuating commodity prices, coupled with weak supply chain management, have a significant effect on the overall price of flat glass products, which undermines market growth.
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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.
- Key participants include Saint Gobain, Asahi Glass Company, Corning, China Glass Holding, Nippon Sheet Glass, Vitro, Guardian, Euroglass, Cardinal, and Schott, among others.
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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
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Flat Glass Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Flat Glass Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
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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