- The key vendors in the glass market in Europe 2015-2019 are Saint Gobain Glass, AGC, NSG Groups, Şişecam, and Guardian Industries
London, 19 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the glass market in Europe 2015-2019. The use of low-emissivity glass reduces heat loss from inside buildings and allows for energy-efficient temperature control. Nearly 30% of these targets can be achieved through the use of low-emissivity glasses. By using low-emissivity double or triple glazing in new buildings, the EU can save nearly 112,000 terajoules of energy by 2019. The glass market in Europe is expected to grow at a CAGR of 3.56% during the forecast period of 2015-2019.
The market is likely to grow steadily during the forecast period owing to increased demand from the construction, food and beverage, and automotive sectors. In 2013, the five largest manufacturers of glass (Germany, France, Spain, Italy, and the UK) accounted for 70% of total production in the EU. Glass is utilized in modern communication devices and in many pharmaceutical, healthcare, and science applications, all of which are also expected to contribute to the growth of the market during the forecast period.
“European countries are now focusing more on eco-friendly approaches for the manufacture of glass. Innovative techniques such as electric melting and staged combustion are being applied during the manufacturing process to produce glass with minimum greenhouse gas emissions,” says Faisal Ghaus, Vice President of Technavio Research.
“Companies are also installing equipment to check and control pollution. This focus on eco-friendly approaches for the manufacture of glass is a major trend in this market.”
To define the market conditions 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.
If you are interested in more information on this topic and our upcoming research on the Glass Market in Europe 2015-2019, please send an e-mail to media@TechNavio.com
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