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Flat Glass Market: Global Industry Outlook, Size (US$ 148.5 Billion), Share, Growth (CAGR of 4.8%), Top Companies Analysis and Research Report 2023-2028

Post Time:Jan 14,2023Classify:Industry NewsView:979

According to IMARC Group's latest report, titled "Flat Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global flat glass market size reached US$ 108.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 148.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

Global Flat Glass Market Trends:
The growing construction industry across the globe and the rising infrastructural expenditure to construct eco-friendly green buildings for minimizing carbon emissions into the environment are primarily driving the global flat glass market. Apart from this, the increasing usage of the product in photovoltaic modules, solar panels, and e-glass structures, owing to the escalating need for clean energy, is acting as another significant growth-inducing factor. Furthermore, shifting preferences from traditional materials, such as bricks, stone, wood, etc., toward insulated flat glass variants that are transparent and recyclable and reduce pollution and enhance the comfort for the inhabitants of the building are also positively influencing the market growth. In addition to this, the expanding employment of tempered glass in automobiles, on account of its shatterproof properties that prove effective in preventing severe injuries in case of accidents, is further stimulating the market growth. Moreover, the inflating investments in research and development (R&D) activities and the introduction of nanotechnology to produce lightweight glazing glass and solar control panels are anticipated to bolster the global flat glass market over the forecasted period.

Competitive Landscape With Key Players:
The competitive landscape of the flat glass market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:
• AGC Inc.
• Cardinal Glass Industries Inc.
• Compagnie de Saint-Gobain S.A.
• CSG Holding Co. Ltd.
• Fuyao Glass America Inc. (Fuyao Glass Industry Group Co. Ltd.)
• Guardian Industries LLC (Koch Industries Inc.)
• Nippon Sheet Glass Co. Ltd.
• Taiwan Glass Ind. Corp.
• Turkiye Sise ve Cam Fabrikalari AS
• Vitro S.A.B. de C.V.

Industry Definition and Application:
Flat glass represents sheet or plate glasses most commonly utilized for manufacturing windows, mirrors, doors, and solar panels. They are available in numerous types, such as basic float glass, toughened glass, coated glass, insulated, laminated, extra clear, etc. Flat glass products are produced via controlled chemical and thermal reactions that ensure toughness in the structural formation and make them highly flexible and customizable as required. Consequently, they find extensive applications across various sectors, including automotive, construction, solar energy, etc.

Key Market Segmentation:
The report has segmented the global flat glass market based on technology, product type, raw material, end use, type, end user industry and region.

Market Breakup by Technology:
• Float Glass
• Sheet Glass
• Rolled Glass

Market Breakup by Product Type:
• Basic Float Glass
• Toughened Glass
• Coated Glass
• Laminated Glass
• Insulated
• Extra Clear Glass
• Others

Market Breakup by Raw Material:
• Sand
• Soda Ash
• Recycled Glass
• Dolomite
• Limestone
• Others

Market Breakup by End-Use:
• Safety and Security
• Solar Control
• Others

Market Breakup by Type:
• Fabricated
• Non-Fabricated

Market Breakup by End Use Industry:
• Construction
• Automotive
• Solar Energy
• Electronics
• Others

Market Breakup by Region:
• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America

Source: https://www.openpr.com/Author: shangyi

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