Sellbyville, DE -- (SBWIRE) -- 05/23/2019 -- Global Market Insights recently introduced new report on global Flat Glass market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Flat Glass industry considering all the major industry trends, market dynamics and competitive scenario.

Adoption of energy efficient & smart technology as advanced construction practice along with positive outlook in construction industry should favor flat glass market. Sizeable investments made by India and China for construction along with modernizing existing airport & terminals should influence flat glass product demand.

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Rapid urbanization, rise in real estate sector and new product development are major driving forces behind flat glass industry growth. Growing solar energy market attributable to increasing renewable energy dependence should further bolster product demand. It is widely used in end-user products including facades & windows, solar panels and automotive windscreens.

Flat tempered glass market should surpass USD 40 billion by 2024 due to its wide application scope in residential & commercial construction projects. Its ability to break into small harmless pieces upon impact reducing the risk of injury should boost global product demand.

Flat glass market from construction application should surpass USD 100 billion during forecast timeperiod. This growth in demand can be attributed to consumer emphasis on using aesthetic & energy efficient interiors. Increasing small scale construction projects should further enhance industry.

Rising automotive production along with advancement in flat glass production technology should contribute to expansion of industry. It is extensively used in automobile industry to manufacture windshields & windows for sun roofing and doors. Rising demand for luxury cars owing its sustainability, comfort, safety and style along with growing per capita income should catalyze product demand.

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China flat glass market should witness gains at over 7.1% during foreseeable timeframe owing to its flourishing construction and automobile industry. Improved living standards, growing population and increased foreign investments should boost product demand.

Stringent regulations and policies set forth by government and agencies to adopt green building products complying FEED and FEMA standards for safety application should favor product demand. Technological advancement with the intervention of nanotechnology and development of lightweight glazing glass and hybrid guide plate should bolster product demand.

The Flat Glass market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Flat Glass market based on product, technology, end user and region.

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Global flat glass market share is moderately fragmented with industry participants including Corning, Schott, Saint-Gobain, NSG Group, Asahi, Sisecam and Trulite. Manufacturers are shifting their production bases towards Asia Pacific to avail low labor wages, raw material availability and government subsidies.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.