Global Flat Glass Market to Increase 6.3% Annually to 2016: Report Buyer

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Asia/Pacific to post the fastest flat glass market gains to 2016.

Report Buyer

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.

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