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Float Glass Market 2026: Industry Growth & Regional Forecast

Post Time:Apr 03,2020Classify:Industry NewsView:955

A detailed analysis of the float glass market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the float glass market report also contains information on the pivotal industry insights for core players to look out for.

Automotive was another major end-user of float glass in 2018 and anticipated to grow with a healthy CAGR over the forecast period. In automotive industry it used for installations in the side, roof, window panels, etc. Automotive industry has revived from the economic crisis in 2008, its unit production increased from 61.7 million in 2009 to USD 95.6 million in 2018. This significant growth in automotive industry shall help float glass market to grow further in coming years.

Building & construction was the largest end-user segment and likely to remain the largest over the forecast timespan. Exponential size and healthy growth of in the construction industry were the major attributed behind it. According to the Oxford Economics global construction industry will reach to USD 15.5 trillion by 2030. China, India and U.S. will account for the 57% share in global construction market. India will provide the growth engine to global construction industry by growing twice as fast as China. According to the studies conducted by Oxford Economics, global construction industry is projected to grow with a CAGR nearly 4% until 2030. The healthy growth in the construction industry will have positive impact on the float glass market.

Float glass demand is Asia Pacific is anticipated to grow with a highest CAGR during the forecast timespan, 2019 – 2025. This can be attributed to the high growth in end-use industries in the region. According OICA more than 60% global automotive are manufactured in the Asia Pacific. China and India were driving the regional market from past few years. In addition, building & construction industry in the region is growing with a rapid CAGR due to the increasing urbanization and industrialization in the region. Moreover, countries in the region such as China, India, Bangladesh are investing heavily on the infrastructure, which in turn will drive the float glass market over the forecast period.

Many multinational giants and local manufacturers are operating in the float glass market. Some major manufacturers working in the industry includes, Saint Gobain, Xinyi Auto; Corning Inc.; Asahi India Glass, CSG Architectural; Guardian Industries, Central Glass; NSG Group, Schott AG; Sisecam; AJJ Ltd., Cardinal, PPG Industries, Independent Co., OldCastle and AGC. Float glass market is highly diversified with the presence of many local and mid-scale manufacturers.

The float glass market research report presents significant information on the methodology deployed to conceptualize the study in question, by means of various primary and secondary sources. The scope of the report and the elements contained in the same with respect to the growth spectrum of the float glass industry has been discussed in the study. Also mentioned in the document are details pertaining to the financial data of the companies profiled in the report, in addition to the currently prevalent price trends of the float glass industry.

Source: http://groundalerts.com/Author: shangyi

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