Connect with us

INSURANCE

Rising Adoption of Glasses in Interior & Exterior Building

Published

on

[ad_1]

NEWARK, Del, Oct. 27, 2022 (GLOBE NEWSWIRE) — The global flat glass market is expected to reach a value of US$8.8 billion by 2032, with the market growing at a standard CAGR of 5.2 % from 2022 to 2032. Growing from a value of US$5 billion in 2021, the target market will reach approximately US$5.3 billion in 2022. High demand for sustainable, energy efficient and affordable building products is driving the growth of the flat glass market. A growing shift in consumer preference for glass in interior and exterior building structures for aesthetic value further complements the target market growth over the forecast period.

The rapid development of the construction sector is the main driver of growth in the flat glass market. Increasing spending on infrastructure projects and development of environmentally friendly green buildings, which are expected to help reduce carbon emissions in the environment, further contribute to the growth of the flat glass market.

Request a sample:

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

Due to the growing demand for renewable energy worldwide, the flat glass market is expected to witness an increase in sales internationally. Indeed, flat glass is generally used in photovoltaic modules, electronic glass constructions and solar panels. Therefore, an increasing demand for renewable energy is also pushing the 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 the comfort of the inhabitants of the building.

Another factor propelling the growth of the market is the booming automotive industry. Tempered glass is increasingly being used by car manufacturers due to its shatterproof properties, which can help avoid serious injury and potential death threats during an accident. Other aspects, such as the application of nanotechnology to manufacture lightweight glass and solar control panels, along with increasing urbanization and rising disposable incomes, are fueling the flat glass market during the period. forecast.

“Increased infrastructure spending for the development of green and environmentally friendly buildings will complement the global flat glass market growth over the forecast period,” an IMF analyst said.

Key points to remember:

  • Expanding construction and infrastructure sector is driving the growth of the market.
  • Fluctuating commodity prices can hamper market growth.
  • The expansion of the residential construction sector will propel the target market to the United States.
  • The Asia-Pacific region is expected to dominate the target market during the period 2022-2032.
  • Infrastructure development in the Asia-Pacific region will fuel the flat glass market.

Competitive landscape

Asahi Glass, Nippon Sheet Glass, Guardian Industries, and Saint-Gobain among others are some of the key flat glass market players profiled in the comprehensive version of the report.

Major market players are focusing on forming strategic alliances to amplify their market share. These companies employ tactics such as partnerships and collaborations to strengthen their positions in the market.

Browse the full report:

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

More information about the flat glass market report

According to the latest IMF reports, based on the region, Asia-Pacific will provide significant growth opportunities for the flat glass market during the period 2022-2032. This region is expected to account for a major share of the global flat glass market due to the fact that a large portion of flat glass consumption comes from ASEAN countries, China, Japan, and many others. The growth of infrastructure in this region will also support the growth of the target market during this observation period.

In North America, the flat glass market is set to grow at a high rate of growth due to the boom in private 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 over the forecast period.

Key Segments Profiled in the Flat Glass Industry Survey

Type of glass:

  • tempered flat glass
  • Laminated flat glass
  • Coated flat glass
  • Extra clear flat glass
  • Flat mirror glass
  • Patterned flat glass
  • Annealed flat glass

Application:

  • Flat Glass for Silicones
  • Flat glass for agricultural chemicals
  • Flat glass for pharmaceutical products
  • Flat glass for chemical intermediates
  • Flat glass for personal care
  • Flat glass for other applications

Region:

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

Get in touch with our team to benefit from a flat rate discount of 20%:

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

Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

TOC Continued…!

Take a look at more valuable information on chemicals and materials

Glass Fiber Reinforced Plastic (GFRP) Composites Market Size is Growing Continuously and is Expected to Grow at a Moderate CAGR of 6.6% in 2022-2032

The glass additives market share was valued at US$1.3 billion in 2021 and is expected to reach a value of US$1.4 billion by the end of 2022

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

The silica sand for glassmaking market growth is expected 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 residential and commercial smart glass market is forecast to reach approximately US$14 billion by 2028, with an estimated CAGR of over 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, member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Recipient of the 2022 Clutch Leaders Award for high customer score (4.9/5), we have partnered with global companies on their business transformation journey and helped them realize their business ambitions. 80% of the Forbes 1000 largest companies are our clients. We serve global clients across all leading and niche market segments in all major industries.

Contact us:

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

[ad_2]

Trending