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Analysis: Market of China Glass Industry

Post Time:Mar 19,2012Classify:Industry NewsView:269

 

(China Glass Network ) Glass has been the key materials for construction nowdays and China's rapidly increasing demand for glass was stimulated by its two-decade high economic growth, especially the continuously rising demand in the automobile and construction markets

 

China is a country that is showing great vitality and fast economic growth. China entered into the WTO, 2008 Olympic Games was hosted in Beijing and the World Expo 2010 was held in Shangai- numerous events have accelerated the swift development of Chinese glass industry. 

Authorities said that the economy has grown by 9.5% . The China's demand for glass has considerably increased as well, and the Chinese glass industry has risen consequently. The total flat glass demand will increase 11.5% annually to 360 million weight cases in the next year. 

Both production and demand will continue to grow in the next five years. The Chinese automobile industry will increase its demand for glass and will lead the industry in growth. The Chinese construction industry will remain the largest market for glass. Insiders forecast that the architectural and automotive glass market can rise by 10 per cent every year. 

Source: glassinchinaAuthor: shangyi

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