Pune, India, March 21, 2022 (GLOBE NEWSWIRE) -- The global flat glass market size is likely to gain traction from rapid industrialization. It is driving the demand for flat glass as they are being used extensively in commercial buildings to conserve energy. It is done by maximizing the usage of natural light. The report further states that the flat glass market size was USD 98.37 billion in 2018 and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period.
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Fortune Business Insights™ provides a list of all the companies operating in this flat glass market. They are as follows:
- AGC Inc.
- Saint-Gobain
- NSG Group
- Guardian Industries
- Şişecam Group
- Taiwan Industry Glass Corporation
- Fuyao Glass Industry Group
- Vitro, S.A.B. De CV
- Central Glass
- CSG Holdings Co. Ltd.
- Other key players
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Drivers & Restraints-
Rising Government Initiatives to Promote Energy Efficiency will Drive Growth
Flat glass is gaining popularity in the building & construction industry owing to its ability to provide excellent thermal insulation and acoustic insulation. Also, the increasing number of infrastructural development and construction activities would contribute to the flat glass market growth in the near future.
Furthermore, the rising utilization of flat glass in commercial and residential buildings is enabling the usage of natural light and is reducing the consumption, as well as the cost of artificial lights. The governments of various countries are also implementing various stringent norms and regulations to promote energy efficiency. Researchers say that buildings adopting these rules are consuming approximately 40%-60% less energy, unlike the conventional buildings. However, the decomposition of raw materials and combustion of fuel oil often emit carbon dioxide in the atmosphere. It may obstruct the flat glass market growth.
This Report Answers the Following Questions:
- What are the flat glass flat glass market trends, growth drivers, and hindrances?
- How will the market be affected in the near future?
- What are the most vital growth drivers and barriers that the market may come across in the coming years?
- Which region is expected to dominate by generating the highest revenue?
- Which segment would lead by procuring the maximum share?
Market Segment-
By Type
- Float
- Sheet
- Rolled
By Product Type
- Coated,
- Extra Clear
- Laminated
- Toughened
- and Others
By Application
- Architecture
- Automotive
- Solar Panels
- Others
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Regional Analysis-
Asia Pacific to Remain at the Forefront Stoked by Rising Infrastructural Development
Geographically, the flat glass market is divided into the Middle East and Africa, South America, Asia Pacific, Europe, and North America. Amongst these, Asia Pacific generated USD 53.41 billion in 2018 in terms of market revenue. This growth is mainly attributable to the rising investments by the governments of various countries in infrastructural development, as well as construction activities. Besides, China, being the largest contributor to the demand for flat glass, would propel the overall growth in this region. North America is expected to grow considerably backed by the presence of various government regulations on constructing energy efficient buildings.
Competitive Landscape-
Key Players Focus on the Strategy of Investment to Increase Sales
The flat glass market consists of many companies. But only five companies out of those account for around 60% of the worldwide production capacity of flat glass. They are adopting strategies, such as the development of state-of-the-art technologies, superior operational efficiency, and diversified product portfolios to strengthen their positions.
Below are two of the latest key industry developments:
- September 2019: Guardian Glass invested huge sums in the modernization and upgradation of glass production lines in Hungary and the U.K.
- April 2018: Saint-Gobain acquired 50% stake in the flat glass production line of JJG situated in the Shandong province of China to surge the former’s production capacity.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/flat-glass-market-102720#tableofcontent
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Global Flat Glass Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Float
- Sheet
- Rolled
- Market Analysis, Insights and Forecast – By Product Type
- Coated
- Extra Clear
- Laminated
- Toughened
- Others
- Market Analysis, Insights and Forecast – By Application
- Architecture
- Automotive
- Solar Panels
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- South America
- Middle East & Africa
TOC Continued...!
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