New York
City, 31 January 2019: The global Flat Glass Market is anticipated to reach USD 139.80 billion
by 2026 according to a new study published by Polaris Market Research.
The global flat glass market is
anticipated to reach USD 139.80 by 2026. The market is primarily driven by the
increasing demand and application of flat glasses in the construction and
automotive industry. These glasses are generally installed on the windows and
windshields of a vehicle. Furthermore, they are largely utilized in
photovoltaic, concentrated solar power system and a thermal collector which are
expected to strongly favor the market growth.
Besides, booming automobile industry,
the government sector is also anticipated to support the market growth. This is
primarily due to the growing expenditure by public or government sector on
infrastructural projects to promote the country’s growth. This scenario is
quite common in developing nations.
The flat glass industry
is highly fragmented, with the presence of numerous industry players. Thus,
elevating the competitiveness of the market. Saint Gobain S.A., Xinyi
Automobile Glass (Shenzhen) Co., Ltd., SCHOTT North America, Inc., Nippon Sheet
Glass Co., Ltd, Asahi Glass Co. Ltd, CSG Architectural Glass Co., Ltd., and
Corning Inc. are the noteworthy industry player. Some other prominent players
are Astro Cam, Sangalli Group, Dillmeir Glass Company, PPG Industries, Inc.,
Cardinal Glass Industries, and Syracuse Glass Company, among others.
Flat Glass Market possess vast
opportunities relating to the key metric performances such as noise control,
fire protection, neutrality, self-cleaning and energy saving, among others.
Moreover, the property of these glasses is ideal for construction applications.
The trends of the Flat Glass Market can be affected by raw materials,
limestone, soda ash, and sand. In the manufacturing process, the cost structure
is deterred largely by two elements- raw materials and energy.
Competitive Landscape and Key Vendors:
The growth of regional markets such as
North America will be favored by the rising preference and product expansion
towards laminated products. As per data released by industry associations,
about 1.1 million ton was consumed by the European automobile industry in 2015.
This can be attributed to the positive outlook of the construction sector in
France, Germany, and the UK. Moreover, the European region is witnessing high
demand for laminated and tempered products. In APAC, China’s flat glass market
is significantly increasing. While on the other hand the Brazilian market being
both the importer and exporter is much indulged towards the domestic market.
Furthermore, the demand in East and West, as well as South Africa, is
significantly affected by the construction sector.
Some of the leading industry
participants currently operating in the industry include are Saint Gobain S.A.,
Xinyi Automobile Glass (Shenzhen) Co., Ltd., SCHOTT North America, Inc., Nippon
Sheet Glass Co., Ltd, Asahi Glass Co. Ltd, CSG Architectural Glass Co., Ltd.,
Corning Inc., Astro Cam, Sangalli Group, Dillmeir Glass Company, PPG
Industries, Inc., Cardinal Glass Industries, and Syracuse Glass Company, among
others. The industry highly fragmented, due to the presence of a large number
of regional, local and international vendors.
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