Float Glass: A Global Strategic Business Report
San Jose, California (PRWEB) February 01, 2013
Float is the most widely used technique for producing flat glass. The technique is also steadily replacing the other two flat glass production techniques, namely sheet and rolled glass. Over the years, growth in the float glass market has been attributed partly to the gradual shift in demand from low quality float and sheet glass production towards high quality float glass. Also, demand for value-added products, with self-cleaning, safety, security and fireproof features, is growing at a faster pace than basic glass products. The market is also witnessing a gradual shift from single glazing to double/insulated glazing led by growing environmental awareness and the implementation of energy efficiency legislation that has made double-glazing mandatory in most of parts of the world, thereby fostering demand for energy-efficient float glass.
Construction and automotive industries represent the leading end-use applications of float glass. The two industries were hit hard by the economic recession, but are expected to make steady recovery in the years to come, driven by rising demand from developing markets and end-use sectors. Construction sector remains the mainstay of float glass market, with demand emerging from repair and remodeling activities, and the growing trend towards greater window area in houses. The huge benefits offered by glass such as environmental protection and innovation are key driving factors for the use of float glass in the construction sector.
The growing desire for convenience and comfort, and increasing focus on energy conservation and safety is in turn spurring demand for glass products that not only provide heat insulation, and but also possess disaster and crime prevention features. Growing popularity of durable, multiple pane insulating glass units is also expected to cut down on the need for replacement. Refurbishment activity, another driving factor in construction sector, is increasing owing to the increasing need to improve energy efficiency of buildings.
Asia-Pacific represents the fastest growing regional market for float glass demand in the construction sector. In the automotive sector, float glass is used in the manufacture of original equipment by vehicle manufacturers, and in replacement parts for the aftermarket. Growing demand for large vehicles such as full size pickups, sport utility vehicles (SUVs) and minivans with larger window area is cited as one of the major reasons for the rise in demand for float glass. Due to the highly competitive characteristic of the automobile industry as seen in the continuous influx of newer models, demand for automotive glazing is also increasing. Increasing usage of glass is being driven by value-added glass, use of glazing as a styling and differentiating feature, environmental concerns and increase in the number of new vehicles being sold, particularly in developing countries. In fact, concerns regarding the impact of glass on the environment have been a major factor driving the usage of double glazed glass in recent times.
As stated by the new market research report on Float Glass, Asia-Pacific represents the largest regional market worldwide. The region’s emergence as a dominant force in the global float glass market is attributed largely to the robust strides made by China. Increasing industrial growth, rising automotive production, steady increase in construction activity, and rising disposable incomes are creating huge demand for glass-intensive products, thereby fuelling demand for float glass in China and in other countries across the Asia. Developing countries, on the whole, are leading growth in the float glass market. With the average per capita of glass being as low as 4.5 kg in developing countries, there exists enormous opportunity for growth in the years to come.
Though developing markets tend to use lower quality sheet and float glass, the regions are making a steady shift towards high-quality float. Developed markets such as the US and Europe, on the other hand, are characterized by high degree of maturity in the float glass marketplace, and hence growth is anticipated mostly from value-added products such as laminated glazing. The need to comply with energy performance mandates is particularly intense in Western Europe due to the ongoing implementation of new regulations across the region. Asia-Pacific and the Middle East represent the fastest growing regional markets worldwide.
The global float glass market is highly concentrated with the four major players accounting for a sizable share of the market. A major reason behind the highly consolidated market is its capital-intensive nature. Major players profiled in the report include Asahi Glass Co. Ltd., AGC Glass Company North America, AGC Glass Europe, Asahi India Glass Ltd., PT Asahimas Flat Glass Tbk, Compagnie De Saint-Gobain, Saint-Gobain Glass India Ltd., Central Glass Co., Ltd., Guardian Industries Corp., Nippon Sheet Glass Co., Ltd., Pilkington Group Limited, Trakya Cam Sanayii A.Ş., and Taiwan Glass Group.
The research report titled “Float Glass: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for global Float Glass market in Thousand Metric Tons for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East and Latin America. Key end-use industries analyzed include Construction (Residential and Commercial) and Automotive (OE Glazing and AGR).
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