As per
a research report by Global Market Insights, Inc., global flat glass market is
predicted to surpass $170 billion through 2026.
With
reference to the application segment, the construction sector is anticipated to
foster flat glass market outlook in the coming years. Rapidly growing renovation
and construction activities across the world due to easily available home loans
is the key factor augmenting market share.
Moreover,
growing interest of the millennial population towards owning a personal
property would possibly add up to the overall industry growth further. Flat
glass is extensively used in the interior and exterior construction activities.
This sort of product use can be attributed to its characteristics of
flexibility to shape, high strength and compatibility with several
photochromatic coatings and hues.
Flat
glass market has emerged as one of the most lucrative business sectors in
recent years. The industry is anticipated to witness a robust growth trend in
the forthcoming time period. Shift in consumer perceptions towards consumption of
energy is likely to be the key factor driving the industry share.
In
addition, the growing need for sustainable construction materials would likely further
add up to the market outlook over the coming years. Flat glass products are also
witnessing an upsurge in the construction sector due to their favorable characteristics
such as their economic nature and high durability.
Apart
from construction material, rising R&D activities from competitive market
players should foster the industry share through 2026. Companies are
increasingly working towards manufacturing high strength flat glass products
having other features such as enhanced photochromatic protection, high UV
filtering and increased resistance to chemicals and acid rain.
In
addition, growing trend of replacing cement, brick, and granite in building
exteriors in the residential construction sector would likely foster flat glass
market trends. Increasing developments in the construction sector owing to
growing investments and surging renovation and construction expenditure, particularly
in developing countries would add up to overall market growth during the
forecast timeframe.
Meanwhile,
the industry is also set to record momentous growth due to a number of regional
determinants.
North
America flat glass market is projected to observe substantial growth in the
forthcoming years. This development is attributed to strict government norms in
automobile production and the growing concerns over safety regulations.
Flat
glass has a diverse array of applications in automobiles. It is used to
manufacture windshield, taillights and windows since it breaks in blunt and
small pieces. In addition, it has high resistance and strength against environmental
susceptibilities.
Flat glass is also used in luxury vehicles
since it is compatible with their insulating panels. The aforementioned factors
would likely drive flat glass market share in the region.
Apart
from North America, Europe flat glass market is also estimated to witness
significant gains through 2026. Increasing usage of flat glass derivatives to
decrease mortality rates in automotive accidents is the key factor responsible
for market expansion.
All in
all, the above-mentioned factors are indicative of a massive range of
opportunities for flat glass market players. The competitive landscape of flat
glass industry is inclusive of players like NSG Group, Astro Cam, Guardian
Group, PPG Industries, Asahi Glass and Saint Gobian Glass among others.
About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
Contact Us:
Contact
Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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