According to a new market report published by Lucintel, the future of the global flat glass industry looks good with opportunities in building construction glass, automotive glass, and specialty glass. The global flat glass industry is expected to reach an estimated $109.3 billion by 2027, and it is forecast to grow at a CAGR of 6.2% from 2021 to 2027. The major drivers of growth for this market are growth in the construction market, rising automotive production and sales, rising per capita income, and technological advancements.
Browse 36 market data tables and 88 figures spread through 151 pages and in-depth TOC on “Global Flat Glass Industry Market"
In this market, building construction glass, automotive glass, and specialty glass are some of the major segments of flat glass. On the basis of its comprehensive research, Lucintel forecasts that the automotive glass and specialty glass segments are expected to show above average growth during the forecast period.
Within the global flat glass industry, the automotive glass segment is expected to remain as the largest market. Low interest rates and favorable taxation programs are expected to drive vehicle sales, which would spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to increase in urbanization, growth in real estate sector and increasing investment by flat glass manufacturers within the Asia Pacific region. Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of increasing per capita income and strong housing demand.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of advanced nanotechnology in flat glass, solar control glazing for automotive and building glasses, lightweight glazing glass, and increasing the use of hybrid guide plate. Asahi Glass Co. Ltd, Saint-Gobain SA, Corning Incorporated, Nippon Sheet Glass, and Fuyao Group Glass Industries Co. Ltd. are the major flat glass manufacturers in the global flat glass industry.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global filter market by, application and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Flat Glass Industry 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global flat glass industry by application and region, as follows:
Flat Glass Industry by Application ($ Billion Shipment Analysis from 2016 to 2027):
•Building Construction Glass
•Automotive Glass
•Specialty Glass
Flat Glass Industry by Region ($ Billion Shipment Analysis from 2016 to 2027):
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 151-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/flat-glass-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the flat glass industry by application (Building Construction Glass, Automotive Glass, Specialty Glass) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?