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Flat Glass Market 2016 – 2023

Flat Glass Market size over $134 billion by 2023

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Flat Glass Market size is expected to reach USD 134.6 billion by 2023; according to a new research report by Global Market Insights, Inc.

Positive application scope in automotive and construction industry should drive flat glass market size growth. In addition to windshields and windows in automobiles, it is also widely used in thermal collectors, photovoltaic and concentrated solar power systems which may favor industry demand.

China flat glass market size may generate over USD 55 billion by 2023. Increasing government expenditure on infrastructural projects along with booming automotive industry should favor industry growth. Various building regulations related to energy efficiency norms is likely to increase solar control & thermal insulation usage and stimulate product usage. 

North America, driven by U.S. flat glass market in architectural projects, was valued at over USD 6.5 billion in 2015. New product expansions and rising preference towards laminated products should favor regional growth. 

Global Market Scenario of Flat Glass

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Construction market was the largest and may generate over 6.5% growth. Basic float and tempered are key products driving industry growth in housing expansion. These are applied as both exteriors and interiors to structure, in order to improve aesthetic value and avoid fragility.

Tempered glass market size may surpass USD 39 billion revenue by 2023. It is widely used in construction industry for various applications on account of its lightweight and high strength properties. Strict regulations govern the industry automobile and construction industry.

Flat glass market has vast market opportunities owing to key performance metrics such as self-cleaning, noise control, energy-saving, fire protection, and neutrality. These properties make the product ideally suited for construction application. Key raw materials, soda ash, limestone, and sand may witness tight supply situation and affect flat glass market price trend.

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Europe flat glass market size, by product, 2015 (Kilo Tons)

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Application AnalysisFlat glass construction application was dominant and is forecast to witness more than USD 102 billion valuations by 2023. Automobile application is forecast to attain highest gains at over 7.5% CAGR up to 2023. Rising vehicles safety norms accompanied by introducing point of difference in vehicles are expected driving factors in OEM market.

Regional AnalysisNorth America, driven by U.S. flat glass market in architectural projects, was valued at over USD 6.5 billion in 2015. New product expansions and rising preference towards laminated products should favor regional growth.

Automobile industry in Europe consumed over 1.1 million tons in 2015. EU, dominant by UK, France and Germany flat glass market, find application in tempered and laminated products due to positive construction outlook.

Competitive Market Share Global flat glass market share is highly fragmented and competitive. Saint Gobain, Asahi, NSG, CSG Architectural, Xiny Auto, Sisecam, Schott and Corning are among notable industry players. Other prominent participants include Astrocam, PPG Industries, Dillmeier, Syracuse, Cardinal, Scheuten. Interpane and Sangalli.

360° Analysis

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