Post Time：Jan 16,2019Classify:Industry NewsView：1287
Flat Glass Market size will surpass USD 130 billion by 2024. Strong outlook towards increase in automotive production meeting the global demand owing to rise in middle class income level and consumer preference for luxury automobile should propel flat glass demand. Positive application scope for increasing usage in manufacturing windshields & window for cars and in sunroof for aesthetic appearance should drive product demand.
Flat laminated glass market is poised to surpass USD 40 billion in sales by 2024. It is prominently used for skylight in construction and as windshield in automotive industry. Strong application indicator in windows, curtain walls, automotive windshield and storefront exterior should impact positively on product demand.
Raw materials used in manufacturing flat glass include silica, limestone, soda ash and natural gas. Volatile raw material prices along with risk of procurement may challenge industry profitability thereby affecting flat glass market price trend. However, stringent environmental regulations on using hazardous substances supported by government initiatives pertaining to use of ecofriendly & energy saving building materials should surge product demand.
Flat tempered glass market may witness growth at over 7% owing to extensive use in household & building application. These products on impact breaks into small pieces and used in automotive application to reduce risk of injury in case of accidents. Other household application includes table, shelves, partitions and shower enclosures.
Europe flat glass market size led by Germany, Italy and Russia anticipates growth at over 5.5% due to its expanding automotive industry and presence of major automobile manufacturers in the region.
Global flat glass market share is highly competitive and fragmented with major industry participants include Asahi, Guardian Group, GSC, Astro Cam and NSG Group. Companies collaborate with others to expand their regional presence and establish core competencies to strengthen market position.
Source: thecampingcanuck.comAuthor: Shangyi
