Pune, India -- (SBWIRE) -- 02/22/2018 -- Market Highlights:

Today, low cost production in the glass industry means saving energy, using resources more effectively, responding more flexibly to market requirements and binding less capital. This is getting harder as markets are growing closer and competition is getting fierce. However, there are opportunities for new markets in Eastern Europe and Asia for new products such as ultra-thin glass for flat screens, and mobile phones.

Flat glass is extensively used in construction industry replacing conventional bricks, wood and stone. Growth in infrastructural spending for building airports and residential buildings, coupled with strict amendments regarding the use of ecofriendly building materials, will drive industry growth. Emerging trends, which have a direct impact on the dynamics of flat glass industry, include increased use of advanced nanotechnology in flat glass, solar control glazing for automotive and building glasses, lightweight glazing glass.

Technological developments in terms of energy harnessing, coupled with superior properties including recyclability and sustainability, is expected to power the market growth. However, the availability of raw material and price volatility may affect the supply demand scenario in the market. Rising R&D investment into the introduction of advanced, specialized and customized products in the market is expected to lead the market growth in future.

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Key Players

The key players of global flat glass market includes Asahi Glass (Japan), Saint-Gobain S.A. (France), Nippon Sheet Glass (Japan), Guardian Industries (U.S.), Taiwan Glass (Taiwan), Schott AG (Germany), PPG Industries, Inc. (U.S.), Xinyi Glass (China), Nittobo (Japan), Luoyang Glass (China), Changzhou Almaden (China), Emerge Glass (India), AviationGlass & Technology (Netherlands), AEON Industries (China), and Suzhou Huadong Coating Glass (China).

Today, flat glass comes in many highly specialized forms intended for different products and applications. Flat glass produced by way of the float process is often further processed for certain qualities or specificities. In this way, the industry can meet the various requirements and needs of the construction, automotive and solar energy industries. Growing demand for engineered glass in buildings, especially for use in windshields, transparent walls, and windows, is expected to drive the global market over the forecast period. In mature markets such as North America and Europe, growth will be driven by the launch of value-added products such as laminated glazing and the legislation of energy performance mandates for buildings.

Flat glass is the second largest sector in the glass industry in the European Union after container glass (bottles, jars, others). Flat glass represents around 30% of total glass production and is driven by the increasing demand from the construction & infrastructure and automotive & transportation sectors, especially in emerging regions. With the increasing number of solar energy installations around the globe, the demand for flat glass is expected to increase the the manufacture of solar panels. The growing demand for residential & commercial infrastructure and the increasing production of automobiles is also expected to drive the growth of the flat glass market in the coming years.

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Regional Analysis:

The global market can be segmented on the basis of geography into Asia Pacific, North America, Europe, and the Rest of the World. Globally, Asia Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.5% over the analysis period. Rapid urbanization, increase in construction activity in industrial, commercial, residential and infrastructural sectors, and rising demand for luxury cars that utilize more glass than mainstream models, are among the growth drivers. Growing construction industry, increased investments in airport construction, an increase in focus on building interiors, and growing demand for solar thermal panels also drive the market growth.

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