London, 30 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Flat Glass Market 2015-2019, which is expected to witness a CAGR of 7.30 percent during the forecast period of 2014-2019.
The Global Flat Glass market is witnessing high growth because of increased demand from the Construction and Automotive sectors. The increasing number of skyscrapers and the revival of several pending construction projects worldwide caused demand for flat glass to grow significantly. The increased demand for automobiles is expected to contribute to the Global Flat Glass market during the forecast period because flat glass products are used to manufacture windows and other automotive parts.
“Demand for fabricated flat glass products such as solar glass panels and electronic displays is on the rise,” says Faisal Ghaus, Vice President of TechNavio.
“Tempered fabricated glass is the most widely used in buildings and construction. Fabricated flat glass products are also witnessing high demand from the automotive sector.”
Key Market Drivers
- Growth in Construction Sector
- Increased Demand from Automotive Sector
- Increase in Capacity Utilization Rate
- Growing Demand for Energy-efficient Glass
Key Market Trends
- Demand for Fabricated Flat Glass Products
- Introduction of Solar Control and Lightweight Glasses
- Increase in Innovation through R&D
- Focus on Eco-friendly Approach
Key Market Vendors
- Asahi Glass Co. Ltd. (AGC)
- China Glass Holdings Ltd.
- Corning Inc.
- Euroglas GmbH
- Guardian Industries
- Interpane Glas Industrie AG
- Nippon Sheet Glass Co. Ltd.
- Saint-Gobain SA
- Sangalli Vetro Manfredonia SPA
- Scheuten Glas
- SCHOTT AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
