Rising Demand for High-Quality Glass from the Automotive Sector Drives the Flat Glass Market, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 30, 2015 -- Follow us on LinkedIn – Flat glass is the primary material used in the production of facades & windows for homes & buildings, windows & windscreens for the automotive industry and photovoltaic modules & solar thermal panels for the solar energy market. Float glass is the most widely used technique for producing flat glass, with sheet and rolled glass being the other techniques in use. The growth in the flat glass market is driven by the need for specialized and advanced glass products, strong market opportunities in emerging countries, and resurgent demand from end-use markets such as healthcare, telecom, electronics, and aerospace, among others. Advanced glass products growing in popularity and demand are low-emissivity glass, solar control glass, self-cleaning glass, and smart glass, among others. Emphasis on energy efficient products and rising importance of glass in the solar energy market will also help provide growth opportunities for flat glass in the coming years.
The construction industry represents the dominant end-use market for flat glass. Use of architectural glass is steadily increasing in both commercial and residential buildings, guided by benefits such as safety, security, environmental protection and natural insulation. The growing trend towards replacing brick, cement, and granite building exterior with glass is therefore forecast to benefit growth in the market. The increase in new construction activity and refurbishment of existing buildings will therefore bring fresh opportunities for growth. Rapid urbanization and the need to address housing requirements of a growing population will spur growth in emerging markets. The growing desire for convenience, comfort and aesthetics, and increasing focus on energy conservation and safety are driving demand for glass products that not only provide heat insulation but also offer additional benefits such as impact resistance and acoustic control. In the automotive industry, rising demand for larger sized windshields and increasing popularity of sunroofs in vehicles are cited as reasons for the increase in flat glass demand.
As stated by the new market research report on Flat Glass, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.5% over the analysis period. Rapid urbanization, increase in construction activity in industrial, commercial, residential and infrastructural sectors, and rising demand for luxury cars that utilize more glass as compared to mainstream models. Luxury cars typically feature double-thick glass in interiors for acoustic insulation and panoramic glass roof for more pleasurable driving. In mature markets such as North America and Europe, growth will be driven by the launch of value-added products such as laminated glazing and the legislation of energy performance mandates for buildings.
Major players covered in the report include Asahi Glass Co. Ltd., Compagnie De Saint-Gobain, Central Glass Co. Ltd., Carlex Glass Company, Guardian Industries Corp., Gujarat Guardian Limited, Nippon Sheet Glass Co. Ltd., Trakya Cam Sanayii A.Ş., Taiwan Glass Group, and Viridian™ Glass, among others.
The research report titled “Flat 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 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, India, and Rest of Asia-Pacific), Middle East & Africa, and Latin America. Product Segments analyzed include Float Glass and Rolled Glass. End-Use Sectors analyzed include Construction (Residential and Commercial), Automotive (OE Glazing and AGR) and Others.
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
###
Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 408-528-9966, [email protected]
Share this article