According to Technavio’s latest market research study, the global flat glass market for the construction industry market is expected to grow at a CAGR of more than 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global flat glass market for the construction industry market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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The top three revenue contributing end-user segments are discussed below
Global flat glass market for new buildings: New buildings include both residential and commercial buildings such as apartments, offices, retail malls, educational institutes, healthcare centers, and hotels. The demand for flat glass for new buildings is projected to increase with the growth of the global construction industry during the forecast period.
“The increase in the number of high-rise buildings and green buildings in both the residential and commercial segments has created a high requirement for energy-efficient flat glass. This trend is especially prominent in the APAC region,” says Ajay Adikari, a lead analyst at Technavio for research on glass and ceramics.
Global flat glass market for retrofit buildings: Spurred by the increasing concerns about the carbon footprint of buildings, governments and construction companies are taking initiatives to retrofit buildings by incorporating energy-efficient practices into them, especially in countries such as India, Germany, Japan, and China. The replacement of ordinary building glass with energy efficient flat glass is expected to drive the global flat glass market for retrofit buildings.
Global flat glass market for others: Flat glasses are used extensively in furniture owing to its appealing and elegant appearance. Ease of cleaning and low on maintenance factors add the demand for flat glass products in furniture application. Furthermore, emerging innovative applications are likely to propel the demand for the global flat glass market for other end-uses in the construction industry.
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The top vendors operating in the global flat glass market for the construction industry market are:
- Asahi Glass
- Euroglas
- Guardian Industries
- Nippon Sheet Glass
- Saint-Gobain
Other prominent vendors in the market include Cardinal Glass Industries, Central Glass, China Specialty Glass, DB Glass, Fuyao Group, Gulf Glass, PPG Industries, Şişecam Group, and TAIWAN GLASS.
A more detailed analysis is available in the Technavio report titled, ‘Global Flat Glass Market for the Construction Industry 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Flat Glass Processing Machinery Market 2017-2021
- Global Bulletproof Glass Market 2016-2020
- Global Glass Ceramics Market 2016-2020
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