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Flat Glass Market Growth Share Size Analysis Forecast Report 2023
The Global Flat Glass Market is expected to witness very moderate growth during the forecast period (2018 – 2023). The Asia Pacific assumed to observe the fastest growth among all the other regions.
Flat Glass Market is expected to witness very moderate growth during the forecast period (2018 – 2023). The Asia Pacific assumed to observe the fastest growth among all the other regions.
Flat Glass Market Drivers and Restraints:
Insulated glass reduces pollution, saves energy and improves user comfort. The increased adoption of an eco-friendly construction method has led to market growth. The Sustainable Development Goals will not be reached until 2030, when an environmental construction method will be adopted, which will be a determining factor for the rapid growth of the market. The residential sector is expected to be the fastest growing sector of the forecast period. The recommendation made by several governments to build green buildings that save energy has driven market growth. It is expected that the adoption rate of the technology will be very high during the forecast period. The high price of the product and the lack of knowledge in many regions such as Latin America, the Middle East, Africa, and Asia-Pacific are some of the factors that can slow down the growth of the market.
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Flat Glass Market Segmented as:
By Product Type:
- Simple Float Glass
- Extra Clear
Flat Glass Market Geographical segmentation:
By geography, the market is segmented between Latin America, the Asia-Pacific region, Europe, North America, the Middle East, and Africa. Among the countries of the Asia-Pacific region, the market is growing faster due to the rapid increase in urbanization and industrialization. It was the region that had the most significant consumer, such as China, India, Malaysia, etc. in 2017 due to the strong growth in infrastructure activities, growth in the automotive sector and the solar panel industry. In contrast, North America has experienced a steady decline in the industry since 2005. This region depends mainly on imports from other fast-growing regions.
Flat Glass Market Key Players:
Some of the key market players are Asahi Glass (Japan), Saint-Gobain (France), Nippon Sheet Glass (Japan), Guardian Industries (U.S.), and Taiwan Glass (Taiwan).
Asahi Glass (Japan) has come up with a glass substrate of TFTs (AN 100). The glass substrates from AGC enable this trend of larger LCD TV sizes. Glass substrates also play a key role to reproduce clear and beautiful screen images as one of the core components of LCDs. AGC’s display glass substrates are developed using unique precision glass processing technology, that supports higher resolution (4K & 8K resolutions) TVs.
AGC automotive developed a product to enable the vehicle to operate more efficiently & safely. They have developed windscreens, side & rear view mirrors & interior glasses that can act as mist, frost, chemicals, & other load impacts.
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The Scope of the Market report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with colossal growth potential identified and debated.
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