A comprehensive report has been prepared on the Global Flat Glass market using extensive primary research (industry experts, companies, stakeholders) and secondary research to provide valuable insights into the Global Flat Glass Market for the period 2012-2016 as well as projections depicting where the Global Flat Glass Market is expected to stand in the forecast period 2017-2022.
The report titled “Global Flat Glass Market (Volume, Value) - Analysis By Type, By End-Use Industry, By Region, By Country: Trends, Opportunities and Forecasts (2017-2022)” has been segmented on the basis of value (in billion USD), volume (in million tonnes), region (North, America, Europe, Asia Pacific), country (USA, Canada, Germany, UK, France, China, Japan, India), end use industry (Construction, Automotive, Others) and type (Safety & Security Glass, Solar Control Glass, Other Glass Types). During the period 2017-2022, the Global Flat Glass Market is projected to grow at CAGR 6.64% owing to the strong performance of markets in the Asia Pacific region. As flat glass sales continue to slow down in North America and Europe, the Global Flat Glass Industry will increasingly rely upon the developing Asian markets of China, India, Vietnam, Malaysia etc to ensure continued growth and potential for expansion. Unlike the developed economies of the West which have been witnessing slow economic growth in recent year, the Asian economies have been experiencing faster economic growth due to the growing youth population which is increasingly entering the workforce, the rapid development of the manufacturing and services sector as well as initiatives taken by local governments to reduce the administrative red tape in order to improve the ease of doing business. This economic growth has resulted in rising purchasing power for consumers in the Asia Pacific region which has been accompanied with growing levels of urbanization. As consumers in these developing nations continue to migrate from rural villages and towns to urban cities, the construction and automotive demand is expected to see strong growth which will in turn boost the demand for flat glass.
According to the report titled “Global Flat Glass Market (Volume, Value) - Analysis By Type, By End-Use Industry, By Region, By Country: Trends, Opportunities and Forecasts (2017-2022)”, Safety & Security glass which consists of toughened glass such as tempered glass and laminated glass will constitute the bulk of global flat glass demand due growing demand by the construction, automotive, defense, banking sectors etc. Solar control glass which consists of heat absorbing glass, heat reflecting glass, Low-E glass is expected to the next most prominent source of revenue for the global flat industry due to growing usage in building construction and automotive manufacture to improve the heat insulation inside the buildings and cars and to reduce energy costs. The rising use of double glazed and triple glazed