(PRWEB UK) 8 February 2013
The global flat glass market is forecast to grow 6.3 % per year to 2016, the market will reach 8.3 billion square meters. The global market value of fabricated flat glass is forecast to exceed $100 billion in 2016.
The Asia/Pacific region, which accounted for 55% of global flat glass demand in 2011, will continue to post the fastest gains to 2016. The Japanese market will exhibit a significant improvement based on recovering domestic building construction and motor vehicle sectors.
The US flat glass market will recover strongly based on a healthy expansion in the country’s battered building construction sector. Despite seeing positive economic growth in 2010 and 2011 after a major recession, the US building construction sector witnessed further declines in both those years. Some recovery has been seen in 2012, suggesting that the worst may be over.