Post Time:Nov 12,2020Classify:Industry NewsView:1117
Selbyville, Delaware, United States, November 10 2020 (Wiredrelease) Global Market Insights, Inc :Global Market Insights, Inc., has recently published a research report, citing flat glass market size to surpass US$170 bn by 2026.
New value adding developments have unlocked opportunities for flat glass companies eyeing to have a competitive edge in the landscape. Flat glass business outlook is likely to remain strong as smarter glass for smarter buildings and vehicles has come to the fore. Numerous companies are gearing to provide innovative solutions to clients.
Future trend counts on construction industry
A notable spike in the construction of residential and commercial buildings has boosted confidence of stakeholders. Simply put, trend for glazing glass, sound-reducing glass, self-cleaning glass and solar control glass has fueled the adoption of flat glass products. Large pie of global flat glass production is used in the construction sector.
With industry 4.0 at the forefront, tendency to reduce energy costs has become a go-to-approach for stakeholders, including architects and building operators. Solar control glass, low-E glass and smart glass have become prevalent in construction landscape.
In light of the current trend, flat glass manufacturers are producing ultra-thin float glass which has gained traction in computer, mobile phone and television hardware.
Investment in laminated glass touted to underscore growth
A palpable surge in glazing of buildings and rise in demand for laminated glass have made laminated glass a catalyst in the industry. With high energy efficiency and double-sided heated flat press system to negate excessive pressing of the edges, investment in laminated glass is likely to spur the flat glass market value.
The interlayer made of polyvinyl butyral (PVB) helps the surface of the fragmented glass to remain smooth and clean and to ward off fragments from falling or penetrating. As such, some of the factors such as heat resistance, durability and moisture resistance make laminated glass class apart in North America and Europe.
Laminated glass has gained traction in the U.S., U.K. and Canada to avert dangerous accidents in light of notable anti-break-in and anti-shocking abilities. Besides, the PVB interlayer has become instrumental in derailing sound wave and retaining comfortable and serene office environment. Notably, UV filtering function tends to prevent furniture from fading and saves energy.
Expanding traction of laminated glass in windows, doors, buildings will continue to foster flat glass market share in the ensuing period.
Impressive growth opportunities in automotive application portfolio
Lucrative growth opportunities beckon in automotive industry as flat glass including laminated glass gain an uptick in roof, side and window panels. Notably, automotive displays are the major recipient of thin glass which has set the tone in car interiors.
With technological developments, reduction of renewable resources, environmental concerns and dipping solar installation cost, automakers have exhibited keen interest in integrating solar cells into automotive glass.
Use of laminated glass will be more pronounced in automotive industry given that the PVB layer makes windshield shatter-proof, boosting the safety of the occupants. Meanwhile, automakers continue to demand tempered glass for sunroof, rear windows, and side windows.
Source: https://apnews.com/Author: shangyi