Flat Glass Market 2022
Starting with the overview of Flat Glass Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2022 has been considered as the base year, with the forecast period extending to 2030.
The demand for flat glass across multiple end-use industries is expected to surge in the coming years. This rise in demand will boost revenue growth of the global flat glass market, which is projected to reach a valuation of more than US$ 89 Bn by the end of the forecast period in 2025, up from an estimated US$ 58 Bn by 2017 end. This is reflective of a CAGR of 5.5% in terms of value during the eight year forecast period 2017 – 2025.
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Key Companies-
- Asahi Glass Co. Ltd.
- Company of Saint-Gobain SA
- Nippon Sheet Glass Co. Ltd.
- Guardian Industries Corp.
- Central Glass Co., Ltd.
- China Glass Holdings Limited
- Sisecam Group
- Xinyi Glass Holdings Ltd.
- Vitro, S.A.B. de C.V.
- Fuyao Glass Industry Group Co., Ltd.
- CSG Holding Co., Ltd.
- Luoyang Glass Company Limited
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Key Takeaways
- End-use industry players such as building and construction seek more sustainable products to develop new creative structures in line with the industry standards as well as government rules and regulations.
- Clear type float glass is expected to be highly preferred over other categories such as tinted and wired, given its low installation cost.
- New Flat glass is equipped with adequate energy-efficient glazing technologies, offering insulation against the cold and avoiding over-heating in hot and warm conditions. This new glazing technology is a key factor that will positively impact the growth of the global float glass market.
- Rising need to curb emission levels is likely to drive solar PV glass usage in the solar power sector, along with the automobile sector.
- East Asia is projected to be a prominent regional market for Flat glass owing to the growing construction, automotive, and solar sectors, especially in China. Moreover, growing government tie-ups with private organizations to initiate multiple new solar power projects in Thailand and India are anticipated to amplify the demand for float glass in South Asia.
- Top manufacturers are recycling base glass for manufacturing new float glass, which will result into minimized usage of raw materials. It will also lead to reduced carbon dioxide emissions into the atmosphere and is expected to remain a prominent trend among float glass manufacturers.
Growing Emphasis on Aftersales Services
The global Flat glass market is fairly fragmented, with smaller manufacturers offering identical products. Moreover, the increasing number of players in the float glass market has been driving the manufacturers to incorporate forward integration in terms of services, by offering installation, product consultancy and after sales support. This will help the build-up of existing market base, which will result in occupying the growing aftermarket client base. Growing focus on providing aftersales services will be the winning strategy for manufacturers. Some of the key participants with a substantial market share in the Flat glass market report are AGC Inc., LTD, Nippon Sheet Glass Co., Ltd.
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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