Global flat glass market was valued at USD 71.98 billion in 2014 and
is expected to witness growth over the next seven years owing to the increasing
demand for insulation from the construction sector. Growing demand for
engineered glass in buildings, especially for use in windshields, transparent
walls, and windows, is expected to drive the global market over the forecast
period.
Global insulating glass demand
was 9,883.9 kilo tons in 2014. China has been taking efforts for energy saving,
thus creating major investments in manufacturing capabilities as well as raw
material supply of the product. However, lack of awareness regarding the
benefits of the product particularly in Latin America is likely to restrict its
market over the next seven years.
Browse full research report on Flat Glass Market: http://www.grandviewresearch.com/industry-analysis/global-flat-glass-market
Flat glass was the second largest
product segment of the glass market accounting for over 30% of the total demand
in 2013. Growth of the industry coupled with growing flat glass demand in
buildings & architecture and automotive segments is estimated to have a
positive impact on market growth over the forecast period. The global glass
industry is estimated to grow at a CAGR of over 3% from 2014 to 2020
Construction dominated the global
market accounting for 81.1% of the global market in terms of demand in 2014.
Increasing project sanctions and construction of green buildings in the U.S.,
Canada, the UK, Australia, China, and India are anticipated to drive growth.
Growing awareness towards LEED-certified buildings has been another significant
factor responsible for surge in the demand over the past few years.
Demand for tempered product was
20,375.2 kilo tons in 2014 and is expected to gain share over the forecast
period. Increasing construction activities particularly in developing regions
including Africa and Middle East coupled with enhanced properties of tempered
glass is likely to propel its market over the next seven years.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Asia Pacific was the largest
consumer with major demand centered towards China, which accounted for over
60.3% of the global demand. Increasing demand for solar trackers and PV panels
coupled with rising infrastructure spending is expected to result in an
escalated growth of the product in Asia Pacific over the next few years.
Major companies operating in this
market include AIS, NSG Group, Saint-Gobain, PPG Industries, Xinyi Auto, CSG
Architectural, Corning Inc, Central Glass, Schott AG, Sisecam Asahi India Glass
and AGC. The market is characterized by mergers & acquisitions to gain a
edge over their competitors. For instance, in April 2015, AGC acquired
NordGlass, an automotive replacement glass manufacturer in Poland in order to
strengthen its market share in Europe. In May 2015, Saint-Gobain acquired ZenPure,
a filtration product specialist.
Access Press Release
By Grand View Research: http://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.
No comments:
Post a Comment