Tempered flat glass market to exceed USD 40 billion by 2023

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Global Flat Glass Market, Industry Report 2016
2023
Market size USD 70Bn in 2015 Projected Market
Size USD 134Bn by 2023 Gain Rate 7.3 CAGR
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Global Market Scenario of Flat Glass Industry

• Flat Glass Market size is set to surpass USD 134
  billion by 2023, as reported in the latest
  research by Global Market Insights, Inc.
• Increasing adoption of glass in the construction
  and automobile industry will drive the global
  flat glass market size from 2016 to 2023. In
  addition, other notable applications include
  concentrated solar systems, photovoltaic cells,
  thermal collectors, windows and windshields.
• Flat glass market share from construction sector
  is predicted to witness growth over 6 during the
  forecast period. Glass manufacturers and
  fabricators must comply with FEMA regulations and
  use safety applications in construction sector.
  Tempered and basic float are applied both
  externally and internally to buildings which will
  positively drive the business growth. Tempered
  glass applications are set to exceed USD 35
  billion by 2023 owing to large scale adoption in
  the renovated construction.

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Continue.....

• Lightweight and high strength properties are some
  of the features which may boost its adoption in
  construction industry. LEED standards govern the
  production processes of specialty products in the
  sector. Stringent regulations regarding passenger
  safety in automotive sector will drive the market
  by 2023. The EUs Safety Glass Directive
  92/22/EEC mandates glass manufacturers to adhere
  to specification laid down by the directive to
  ensure highest standards of passenger safety.
• Flat glass market share will witness significant
  growth owing to attributes including noise
  control, self-cleaning, neutrality, fire
  protection and energy-saving. Raw materials
  including limestone, sand and soda ash, will
  witness demand supply deficit which may have
  adversely affect the industry landscape. Soda ash
  price variation coupled with its supply demand
  deficit may further hamper the business growth.

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360 Industry Analysis

• Product Analysis-
• Tempered flat glass market size was the largest
  product segment and will exceed USD 40 billion by
  2023. Passenger safety is a growing concern for
  automotive manufacturers and the industry stands
  to benefit immensely from it.
• Laminated product will exceed 4 billion sq.mt. in
  volume by 2023. The insulated flat glass market
  size is set to witness growth over 7 CAGR by
  2023.
• Additionally, the demand will be complemented by
  surge in Asia Pacific construction budgets with
  an increase in disposable income.

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Regional Analysis North America flat glass
market, led by the U.S. for 2015 was valued over
USD 6 billion. Improved product line and
increasing consumer awareness will stimulate
regional growth. For Europe, flat glass Industry
size will exceed USD 23 billion by 2023. Latin
America flat glass market, led by Argentina,
Brazil and Chile will witness 7 CAGR by 2023.
Increasing per capita income along with
escalating automobile industry growth will boost
the product demand. China flat glass Industry
size will exceed USD 55 billion till 2023. Rising
government spending on infrastructure coupled
with growing automobile industry will boost
industry growth. Construction regulations
relating to energy efficiency will positively
impact thermal insulation and solar control
products. Competitive Analysis Flat glass
market share is competitive and fragmented.
Asahi, Saint Gobain, CSG Architectural, NSG,
Sisecam, Xiny Auto, Corning and Schott are top
companies in industry. Other industry
participants are PPG Industries, Astrocam,
Syracuse, Dillmeier, and Cardinal.e than a fifth
of the overall ferroalloy market size in 2015
owing to the industrial population in Germany,
UK, France, and eastern European countries.
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