The worldwide flat glass market is predicted to attain a
size of about USD 124 billion by 2022. Augmented awarenessabout the advantages
of flat glass in the sector of construction is projected to steer the sales of
the market. These advantages includesafety and energy savings. Advantages
like these augur well for the market and are likely to propel it ahead through
the forecast phase. Advancements in flat glass products and rising usage of
low-e and smart glasses in various parts of the world are also anticipated to
drive the demand for the flat glass market.
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The market is projected to experience expansion in coming
years. This is due to growing demand for insulation in the sector of
construction. Moreover, boosting awareness with respect to the significance of
tempered glass in the industry of automotives is also likely to increase the
demand for the flat glass market through the forecast phase. The intensified
usage of insulating glass and laminated glass in applications concerning solar
energy is estimated to improve market reliability.
Amplified construction operations in relation to forthcoming
and restoration projects in different geographies of the worldwide flat glass
market are also predicted to raise the demand for flat glass. Also, magnified
awareness regarding hard wearing construction materialsis projected to enhance
the demand for the market. Augmenting engineering and architectural inclination
towards the growing usage of flat glass in construction facades is also likely
to positively affect the flat glass market.
The expanding industry of automobiles, specifically in the
region of Asia Pacific, is likely to propel further demand for the flat glass
market in the seven years ahead. The worldwide market has experienced expansion
owing to the rising usage of flat glass in original equipment manufacturing in
the thriving sector of automotives. The fast developing energy market is
estimated to act as a growth prospect for the flat glass market during the
forecast phase.
The escalating usage of flat glass in solar panels,
photovoltaic modules and e-glass on account of increased demand for clean
energy also drives major demand for the market. The flat glass market is
segmented in view of three categories. These are products, applications and
regions.
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Glass Market ” Visit -http://www.grandviewresearch.com/industry-analysis/global-flat-glass-market
Products Insights
The various products of the flat glass market include
non-fabricated products and fabricated products. Non-fabricated products are
inclusive of basic glass generated from the standard float procedure.
Fabricated products contain insulating, laminated, tempered and others.
Applications Overview
Construction was the biggest application sector. It is
expected to show likewise trends in the seven years to come. Speedy
urbanization, in combination with the middle class’srising disposable earnings
is anticipated to boost the usage of smart glass in the sector of architecture
during the forecast phase. The flat glass market is also expected to notice
significant growth in the application sector of automotives in the future.
Regions Outlook
Asia Pacific was the leading flat glass market in 2014. It
captured nearly 50 percent of the entire share. The regions of Europe and North
America are comparatively well-established. They are known by new product
innovations and augmented fondness for laminated products.
Information Source: Grand View Research
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