Press release

Flat Glass Market to Witness Growth Acceleration During 2017-2024

Flat Glass Market to Witness Growth Acceleration During 2017-2024

 

 
MarketStudyReport.com Adds New Flat Glass Market 2017 – 2024 research report providing information and data By Product, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 215 Pages with table and figures in it.

Flat Glass Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.

Flat Glass Market will surpass USD 130 billion by 2024. Strong outlook towards increase in automotive production meeting the global demand owing to rise in middle class income level and consumer preference for luxury automobile should propel flat glass demand. Positive application scope for increasing usage in manufacturing windshields & window for cars and in sunroof for aesthetic appearance should drive product demand.

Flat glass is extensively used in construction industry replacing conventional bricks, wood and stone. Positive outlook towards growth in infrastructural spending for building airports and residential buildings coupled with strict amendments regarding use of ecofriendly building materials will drive industry growth.

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Flat laminated glass market is poised to surpass USD 40 billion in sales by 2024. It is prominently used for skylight in construction and as windshield in automotive industry. Strong application indicator in windows, curtain walls, automotive windshield and storefront exterior should impact positively on product demand.

Strong R&D expenditure to formulate novel products with additional benefits including high insulation, strength, fire resistance, energy efficiency, chemical resistance and safety supported by technological innovations should drive flat glass market growth over the forecasted timeframe.

Raw materials used in manufacturing flat glass include silica, limestone, soda ash and natural gas. Volatile raw material prices along with risk of procurement may challenge industry profitability thereby affecting flat glass market price trend. However, stringent environmental regulations on using hazardous substances supported by government initiatives pertaining to use of ecofriendly & energy saving building materials should surge product demand.

Flat tempered glass market may witness growth at over 7% owing to extensive use in household & building application. These products on impact breaks into small pieces and used in automotive application to reduce risk of injury in case of accidents. Other household application includes table, shelves, partitions and shower enclosures.

Europe flat glass market led by Germany, Italy and Russia anticipates growth at over 5.5% due to its expanding automotive industry and presence of major automobile manufacturers in the region. Growing environmental concerns has led to rise in emphasis on use of energy efficient technologies thereby contributing towards flat glass market.

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Automotive applications from flat glass market should witness strong gains and surpass 1.8 billion sqr. mtrs in demand. Rising influence on safety owing to high accidental mortality rate may fuel product demand. Increasing usage to reduce vehicle weight in compliance with regulatory norms to control carbon emissions should positively favor industry growth.

Global flat glass market share is highly competitive and fragmented with major industry participants include Asahi, Guardian Group, GSC, Asahi India, Astro Cam and NSG Group. Companies collaborate with others to expand their regional presence and establish core competencies to strengthen market position.

Table of Content:

Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Flat Glass Industry Insights
Chapter 4 Flat Glass Market, By Product
Chapter 5 Flat Glass Market, By Application
Chapter 6. Flat Glass Market, By Region
Chapter 7. Company Profiles

More Report At: https://www.openpr.com/news/archive/144590/marketstudyreport-com.html

Related Reports: -

Coated Glass Market Report 2017 – 2024

Coated Glass market should surpass USD 24 Billion by 2024; according to a new research report. Consumer inclination towards modern infrastructure owing to better aesthetics in projects has surged demand for coated glass market. Favorable government initiatives and schemes supporting infrastructure development in countries like China, India, Brazil and South Korea along with rising demand for automotive has further strengthened product demand. These products are designed to include desirable properties by modifying its composition and production process.

https://www.marketstudyreport.com/reports/coated-glass-market/?utm_source=RR-PSR

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