Dallas, Texas, April 24, 2019 (GLOBE NEWSWIRE) -- Rising requirement of flat glass for installations in the automotive side, roof, and window panels are expected to boost the laminated flat glass market demand in the future.
The global flat glass market size is anticipated to reach approximately USD 150.40 billion by 2025, owing to the growing demand from the construction and automotive sector. Favorable characteristics related to glass and rising governmental norms to reduce carbon footprint are the key factors driving the demand of flat glass across the globe.
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The global flat glass market study contains the volume and value for a time span ranging between 2015 and 2025. The global flat glass market report covers drivers, restraints, value chain, Porter’s Five Forces analysis, and raw material analysis. The study further covers the global flat glass market trends with an exhaustive study into key regions and countries.
Automotive end-use of flat glass such as installations in the side, roof, and window panels is expected to exhibit significant growth of laminated flat glass type in the future. However, stiff competition from plastic shields made of polycarbonates which are light in weight and are scratch resistance is projected to hinder the growth of tempered and laminated glass in the automotive sector. The global flat glass market demand of laminated glass type is projected to surpass 39.0 million tons by 2025. Tempered flat glass dominated the product segment and is anticipated to show a similar trend over the foreseeable future
The “Global Flat Glass Market Size 2018 By Type (Tempered, Laminated, Basic Float, Insulating), By Application (Automotive, Construction), By Region (US, Canada, Germany, China, India, Brazil and Rest MEA) and Forecast 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Application wise, the construction sector held the major market revenue and volume share in the year 2018. The total demand of flat glass in the construction segment is projected to reach nearly 14.0 billion square meters by the end of 2025. Flat glass is used as a material for load-bearing elements such as canopies, partition walls, staircase, beams and floors in the construction segment.
In terms of region, the global flat glass market is divided into Asia Pacific, Europe, North America, Middle East & Africa, and Central and South America. Asia Pacific dominated the global flat glass industry in the year 2018 and is expected to exhibit similar drift over the predictable future. China is the largest consumer and producer of flat glass and is projected to account for more than 70% of market value share in Asia Pacific over the projected period. The demand for flat glass in China is projected to exceed 7.0 billion square meters by 2025.
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Global Flat Glass Market to Attract Automotive Sector in 2019.
Key attributes favoring the market growth include:
- Tempered glass is produced from single glass pane hence eliminates the need of second pane of laminated glass
- Windshields in automotive are primarily made of laminated glass
Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Flat Glass Market Overview, By Fish Type (Tons) (USD Million)
Chapter 5. Flat Glass Market Overview, By Type (Tons) (USD Million)
Chapter 6. Flat Glass Market Overview, By End-use (Tons) (USD Million)
Chapter 7. Flat Glass Market Overview, By Region
Chapter 8. Marketing Channel Overview
Chapter 9. Competitive Environment
Chapter 10. Company Profiles
Continued…
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