A recent report published by Infinium Global Research on flat glass market provides an in-depth analysis of segments and sub-segments in the global as well as regional flat glass market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional flat glass market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global flat glass market. According to the report, the global flat glass market is projected to grow at a CAGR of 8.7% over the forecast period of 2019-2025.
Recently, value-adding developments in flat glass such as low-emissivity (Low-E) glass, smart windows, and self-cleaning capabilities have created new opportunities for glass companies to stand out in the marketplace. Low-E glass is a glass with a transparent coating that reflects heat and it is the most common type of solar control glass. The automotive industry and building and construction industry are the key users of flat glass. Flat glass has two major routes for application in the automotive industry, one is original equipment that is supplied to manufacturers for new vehicles. Moreover, another is an automotive glass replacement product that is supplied to the aftermarket for retrofit purposes and damages.
Increasing automotive industry across the globe is the major driving factor of the flat glass market. Rise in the real estate sector owing to increasing urbanization is also the major driving factor of the market. The demand for flat glass is rising due to its use in a variety of products that include facades and windows for buildings, solar panels, windows, and windscreens. Furthermore, factors such as technological advancement in the glass industry need for energy saving, and the significant growth in luxury cars that include double-thick glass in interiors are other driving factors of the market. However, stringent government regulations about carbon emission are restraining the growth of the market. Moreover, increasing demand from construction and automotive industries are expected to provide wide growth opportunities to the market players.
Geographically, Asia-Pacific dominates the global flat glass market owing to the rising automotive industry in the Asia-Pacific region. China holds a large market share of the flat glass in the Asia-Pacific region. Rapidly growing industrialization & urbanization in India, China and other countries in the Asia Pacific region drives the market growth. North America and Europe also hold a large market share owing to luxurious lifestyles and high disposable incomes with a high standard of living in this region.
The report on global flat glass market covers segments such as type, and applications. On the basis of type, the sub-markets include float glass, cast glass, and blown flat glass. On the basis of applications, the sub-markets include automotive, solar glass, construction industries, and consumer products.
The report provides profiles of the companies in the market such as AVIC Sanxin Co., Ltd., Asahi Glass Company, AGC Flat Glass (Dalian) Co. Ltd, China Glass Holdings Ltd, Fu Yao Group, Guardian Industries, China Southern Glass Holding Co. Ltd, Taiwan Glass Industry Corporation, Xinyi Glass Holdings Limited, Nippon Sheet Glass, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of flat glass market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.