Flat Glass Market Cross-Sectional Analysis, Size Based on Estimates and Predictions, 2022-2028

Flat Glass Market

Market Overview:

Because of the COVID-19 outbreak, most of the factories had to shut down. This had a big effect on the production of cars and took a toll on the factories for several months. The supply chain has been broken up all over the world. Because of the pandemic, the economy has become less stable, which has caused both public and private developers to rethink their projects as their debts grow. This has caused a drop in the building industry.

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Over the next five to ten years, the main things that will drive the growth of the studied market are the growing demand for glasses in the construction industry and the growing demand for electronic displays in consumer electronics like TVs, smartphones, tablets, laptops, wearables, and other devices.
On the other hand, COVID-19 and changes in the prices of raw materials are likely to slow the growth of the market.
The Asia-Pacific region is expected to have the biggest share of the flat glass market, with countries like China, Japan, ASEAN countries, etc. using the most flat glass.

Scope of the Report:

Flat glass is a type of glass that is made in a flat shape. It is often used for windows, glass doors, walls that let light through, and windshields. After the flat sheet of glass is made, it is sometimes bent so that it can be used in modern architecture and cars. The flat glass market is split up by the type of product, the industry of the end user, and the location. The market is divided into annealed glass, coated glass, reflective glass, processed glass, and mirrors based on the type of product. Based on the end-user industry, the market is divided into construction, automotive, solar, and other. The report also talks about the size and future of the flat glass markets in 16 major countries. The market size and forecasts for each segment were based on how much money was made in that segment (USD million).

Growth Factors:

The value of the flat glass industry is likely to go up in the coming years because of the growing number of solar energy installations and the government policies that help them. Solar energy is the renewable energy that is growing the fastest around the world, and countries are racing to be the best at it. According to data from the Global Change Data Lab, the world’s total installed capacity for solar energy in 2019 was 580.76 GW, and by 2020, it had grown to 707.50 GW. The Solar Energy Industries Association (SEIA) says that solar energy has grown at a rate of 42% per year over the past ten years, and this is expected to grow even more over the next five years.

Solar energy is growing quickly because there is more demand for electricity and the cost of installing solar panels is going down. For example, the price of an average-sized residential system has dropped from US$ 40,000 before incentives in 2010 to US$ 20,000 by 2020. So, the growing demand for solar energy is likely to boost the flat glass market in the coming years.

Aside from the sharp rise in solar energy installations, the growth of the flat glass market will also be driven by the rising use of glass architecture in both residential and non-residential applications. One of the biggest end-user sectors in the global flat glass market is the building and construction sector. Mostly, this is because of changes in the architecture sector.

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Flat Glass Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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