Global Flat Glass Market Expected To Reach $ 80.7 Billion By 2020 With A CAGR Of 6.6%

Date: 2016-09-18

Flat glass, sheet glass or plate glass is a type of glass, initially produced in plane form, commonly used for windows, glass doors, transparent walls, and windshields. For modern architectural and automotive applications, the flat glass is sometimes bent after production of the plane sheet. Flat glass stands in contrast to container glass (used for bottles, jars, cups) and glass fiber (used for thermal insulation, in fiberglass composites, and optical communication).

The global Flat Glass market was estimated at USD$ 80.7 billion in 2015, and is anticipated to reach USD$ 111.1 billion by 2020, expanding at a CAGR of 6.6% between 2016 and 2020. Flat glass (sheet glass, plate glass or glass pane) comprise all classes of glass produced in flat form, regardless of any manufacturing methodology used. Flat glasses are used widely in construction industries such as glass windows, glass doors, and transparent walls in modern infrastructures. It is also used as windshields in automotive applications. Some of the most important constituents of flat glass include magnesium oxide, sodium oxide, silica, calcium oxide, and aluminum oxide.

Asia Pacific is the largest market of flat glass followed by Europe and North America. China alone covers about 50 per cent of global market share of flat glass. Japan is the second largest market of flat glass in Asia Pacific. Germany accounts for the largest market of flat glass in Europe. Asia Pacific region is the fasted growing market of flat glass owing to the massive urbanization and demand of passenger car from developing countries in this region.

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.

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.

Post-Soviet States, driven by Russia, Ukraine and Belarus, may grow significantly at 4.5%, on account of new building activity coupled with residential refurbishment work, favoring industry growth.

Insulating glass market consumption was over 1.25 billion square meters in 2015. It is most widely used airline window and is also used to reduce air-to heat transfer through glazing.
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.
Read Full Report:

Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample