Flat Glass Market Size Worth $288.56 Billion By 2025 | CAGR: 10.3%

The global flat glass market size was estimated at USD 145.13 billion in 2018 and is projected to witness a CAGR of 10.3% from 2018 to 2025.

Posted on 2019-11-25 by researchinsights in Automotive, Marketing // 0 Comments

San Francisco, United States, 2019-Nov-25 — /EPR Network/ —

The global flat glass market size is expected to reach USD 288.56 billion by 2025 growing at a CAGR of 10.3%, according to a new report by Grand View Research, Inc. The growing popularity of safety glass, growth in construction industry, and increasing demand for solar power are anticipated to augment the growth of the market through the forecast period.

The growth of the flat glass industry is attributable to the increasing infrastructural development across the globe. The construction industry is growing significantly, especially in developing countries. Flat glass is used for both interior and exterior architectural purposes. Its usage is evident in windows, doors, railings, skylights, and furniture. Considering the negative impact of existing construction materials on health and environment, its consumption is increasing as a building material.

The accelerating growth in terms of solar power adaption in various parts of the world is boosting the product demand. The solar panels, which are made up of glass, are of major significance as their performance influences the yield of the entire system. Thus, the increase in solar panel production has a positive impact on the product demand.

In terms of revenue, laminated segment is anticipated to grow at a CAGR of 9.1% during the forecast period. Its demand as a safety glass is propelling the market. There are regions that witness extreme weather conditions, where its usage becomes prominent. Its two-three layer structure absorbs strong impacts and prevents breakage and injuries to a larger extent.

The U.S. market is anticipated to witness a CAGR of 10.4%, owing to infrastructural development coupled with increasing growth in solar panel production. High import duties levied by the government are compelling the manufacturers to open and expand glass manufacturing plants in the U.S. For example, in October 2018, the Nippon Sheet Glass Co., Ltd. announced its new 500,000 square feet glass production facility located at Ohio.

The flat glass market witnesses high competitive rivalry, owing to presence of major players of the industry such as AGC Inc., Saint-Gobain, Nippon Sheet Glass Co. Ltd., Guardian Industries and Şişecam Group. Increasing production capacities and innovation in products are the major strategies adopted by the key players in the market. For example, in June 2018, Sisecam Group acquired Sangalli Vetro Manfredonia facility, with an aim to increase its production capacity in Italy.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/global-flat-glass-market

Further key findings from the report suggest:

In terms of revenue, architectural was the largest application segment in 2018 accounting for a share of 75.3% due to growing infrastructural development in emerging economies
In terms of revenue, insulated segment is expected to grow at a CAGR of 11.1% during the forecast period with regard to increasing demand in construction sector
In terms of revenue, Central & South America is anticipated to witness the fastest growth of 12.5% from 2018 to 2025 owing to growing construction activities and automotive production in the region
Basic glass segment had a revenue share of 6.4% of the overall flat glass market in 2018, owing to its applications in solar panels and construction
In June 2017, Saint-Gobain began construction of its new flat glass production line in Mexico to cater to growing demand from construction and automotive applications.

Related Report of Specialty Glass, Ceramic & Fiber:

Grand View Research has segmented the global flat glass market report on the basis of product, application, and region:

Product Type Outlook (Revenue, USD Million; Volume, Kilotons; 2014 – 2025)

Basic
Tempered
Laminated
Insulated
Others

Application Outlook (Revenue, USD Million; Volume, Kilotons; 2014 – 2025)

Architectural
Automotive
Others

Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2014 – 2025)

North America
- U.S.
Europe
- Germany
- UK
Asia Pacific
- China
- India
Central & South America
- Brazil
Middle East & Africa

Access Press Release of This Research Report by Grand View Research:
https://www.grandviewresearch.com/press-release/flat-glass-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Info: www.grandviewresearch.com

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