Geographically, the 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
The global flat glass market is likely to gain traction from the rapid industrialization.It is driving the demand for flat glass as they are being used extensively inthe commercial buildings to conserve energy. It is done by maximizing the usageof natural light. Fortune Business Insights™ provided this information in arecent report, titled, “Flat Glass Market Size, Share & Industry Analysis,By Type (Float, Sheet, and Rolled), By Product Type (Coated, Extra Clear,Laminated, Toughened, and Others), By Application (Architecture, Automotive,Solar Panels, and Others), and Regional Forecast, 2019-2026.” The reportfurther states that the flat glass market size was USD 98.37 billion in 2018and is projected to reach USD 153.21 billion by 2026, exhibiting a CAGR of 5.7%during the forecast period.
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ThisReport Answers the Following Questions:
• What are the 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 comeacross in the coming years?
• Which region is expected to dominate by generating the highest revenue?
• Which segment would lead by procuring the maximum share?
BrowseComplete Report Summary: https://www.fortunebusinessinsights.com/flat-glass-market-102720
Drivers & Restraints-
RisingGovernment Initiatives to Promote Energy Efficiency will Drive Growth
Flat glass is gaining popularity in the building & construction industryowing to its ability to provide excellent thermal insulation and acousticinsulation. Also, the increasing number of infrastructural development andconstruction activities would contribute to the flat glass market growth in thenear future.
Furthermore, the rising utilization of flat glass in commercial and residentialbuildings is enabling the usage of natural light and is reducing theconsumption, as well as the cost of artificial lights. The governments ofvarious countries are also implementing various stringent norms and regulationsto promote energy efficiency. Researchers say that buildings adopting theserules are consuming approximately 40%-60% less energy, unlike the conventionalbuildings. However, the decomposition of raw materials and combustion of fueloil often emit carbon dioxide in the atmosphere. It may obstruct the marketgrowth.
Segment-
Abilityto Improve Solar Gain will Drive Growth of the Coated Segment
Based on product type, the market is categorized into toughened, laminated,extra clear, coated, and others. Out of these, in 2018, the coated segment held23.9% flat glass market share. This growth is attributable to the possession ofnumerous beneficial properties of coated flat glass. These include enhancedself-cleaning, hydrophobic, anti-reflection, and insulation properties. Suchglass aids in improving solar gain and in maintaining the heat inside thebuilding. The laminated segment, on the other hand, holds the major sharefueled by their upsurging demand from the construction and automotiveindustries. It is because they are capable of remaining intact when broken.
Regional Analysis-
AsiaPacific to Remain at the Forefront Stoked by Rising Infrastructural Development
Geographically, the market is divided into the Middle East and Africa, SouthAmerica, Asia Pacific, Europe, and North America. Amongst these, Asia Pacificgenerated USD 53.41 billion in 2018 in terms of market revenue. This growth ismainly attributable to the rising investments by the governments of variouscountries 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 togrow considerably backed by the presence of various government regulations onconstructing energy efficient buildings.
Competitive Landscape-
Key Players Focus on the Strategy of Investment to Increase Sales
The market consists of many companies. But only five companies out of thoseaccount for around 60% of the worldwide production capacity of flat glass. Theyare adopting strategies, such as the development of state-of-the-arttechnologies, superior operational efficiency, and diversified productportfolios to strengthen their positions. Below are two of the latest key:
industry developments:
• September 2019: Guardian Glass invested huge sums in the modernization andupgradation of glass production lines in Hungary and the U.K.
• April 2018: Saint-Gobain acquired 50% stake in the flat glass production lineof JJG situated in the Shandong province of China to surge the former’sproduction capacity.
Fortune Business Insights™ provides a list of all the companies operating inthis 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
