Increasing Use of Glass in Interior and Exterior Buildings to Bring $8.8 Billion in Flat Glass Market Revenue by 2032 | Deep Data Insights from Future Market Insights, Inc. – GlobeNewswire | Wonder Mind Kids

NEWARK, Delaware, Oct. 27, 2022 (GLOBE NEWSWIRE) — The global flat glass market is expected to reach US$8.8 billion by 2032, with the market growing at a standard CAGR of 5.2% from 2022 to 2032. Starting at $5 billion in 2021, the target market will reach an estimated $5.3 billion in 2022. The increased demand for durable, energy efficient and affordable building products is fueling the growth of the flat glass market. An increasing shift in consumer preference for glass in interior and exterior buildings for aesthetic reasons further adds to the growth of the target market over the forecast period.

The rapidly advancing construction sector is the main growth driver of the flat glass market. The increasing spending on infrastructure projects and the development of eco-friendly green buildings, which are expected to help reduce carbon emissions into the environment, further support the growth of the flat glass market.

Request a sample:

https://www.futuremarketinsights.com/reports/sample/rep-gb-367

The flat glass market is expected to see an increase in its international sales due to the increasing demand for renewable energy around the world. This is because flat glass is typically used in photovoltaic modules, E-glass constructions and solar panels. Therefore, increasing demand for renewable energy is also driving demand for flat glass. This material is increasingly replacing traditional materials such as brick, stone and wood. In addition, insulated flat glass is transparent and recyclable, which reduces pollution and also increases comfort for building occupants.

Another factor driving the market growth is the booming automotive industry. Tempered glass is increasingly being used by automotive manufacturers for its shatterproof properties, which can help prevent serious injury and potential life-threatening injuries in the event of an accident. Other aspects, such as the application of nanotechnology to manufacture lightweight glass and solar control modules, as well as increasing urbanization and rising disposable incomes will drive the flat glass market over the forecast period.

“An increase in infrastructure spending for the development of green and eco-friendly buildings will complement global flat glass market growth over the forecast period,” says an FMI analyst.

The central theses:

  • The expanding construction and infrastructure sector is driving the market growth.
  • Fluctuating commodity prices can affect market growth.
  • The expanding residential construction sector will drive the target market in the United States.
  • The Asia-Pacific region is expected to dominate the target market between 2022 and 2032.
  • Infrastructure development in the Asia-Pacific region will drive the flat glass market.

competitive landscape

Asahi Glass, Nippon Sheet Glass, Guardian Industries and Saint-Gobain, among others, are some of the major players in the flat glass market that are featured in the full version of the report.

Key market players are focused on forming strategic alliances to increase their market share. These companies employ tactics such as partnerships and collaborations to strengthen their market position.

Search full report:

https://www.futuremarketinsights.com/reports/flat-glass-market

Further insights into Flat Glass market report

According to the latest FMI reports, based on region, Asia Pacific will provide significant growth opportunities for Flat Glass Market between 2022-2032. Due to the fact that a large part of the flat glass consumption comes from ASEAN countries, China, Japan and many others, this region is expected to take a large share of the global flat glass market. The infrastructural growth in this region will also promote the growth of the target market in this period under review.

In North America, the flat glass market will expand at high growth rates due to the increase in privately owned housing construction in the United States. Thus, North America and Asia-Pacific are two of the regions that are likely to offer various lucrative opportunities for the flat glass market during the forecast period.

Key Segments in the Flat Glass Industry Survey Profile

Glass type:

  • Tempered flat glass
  • Laminated flat glass
  • Coated flat glass
  • Extra clear flat glass
  • Mirrored flat glass
  • Patterned flat glass
  • Annealed flat glass

Application:

  • Flat glass for silicones
  • Flat glass for agricultural chemicals
  • Flat glass for pharmaceuticals
  • Flat glass for chemical intermediates
  • Flat glass for body care
  • Flat glass for other applications

Region:

  • North America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Latin America
  • Middle East & Africa

Contact our team for a 20% flat discount:

https://www.futuremarketinsights.com/ask-question/rep-gb-367

Table of Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand-side trends

1.3. Supply-side trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Restrictions

Table of contents continued…!

Check out more valuable insights into chemicals and materials

Glass Fiber Reinforced Plastic (GFRP) Composites Market Size is growing continuously and is expected to increase at a moderate CAGR of 6.6% over the period 2022-2032

Glass additives market share was estimated at US$1.3 billion in 2021 and is expected to reach US$1.4 billion by the end of 2022

Demand in Asia-Pacific flexible glass market is projected to reach US$612.7 million by 2020, with an estimated CAGR of 36.5% during the forecast period

The Quartz Sand for Glass Making market growth is projected to increase from a valuation of US$5,154.8 million in 2021 to US$7,411.7 million by the end of 2029

The market forecast for residential and commercial smart glass is expected to reach approximately US$14 billion by 2028, with an estimated CAGR of more than 15% over the period 2018-2028

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting and market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. As a recipient of the 2022 Clutch Leaders Award due to the high customer rating (4.9/5), we have worked with global companies on their business transformation journey and helped them realize their business ambitions. 80% of the largest Forbes 1000 companies are our customers. We serve global clients in all leading and niche market segments across all major industries.

Contact us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Requests: sales@futuremarketinsights.com

Leave a Comment