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(Construction.IndustryNews247.Com, August 20, 2018 ) Industry Outlook and Trend Analysis
The Flat Glass Market was worth USD 63.41 billion in the year of 2012 and is expected to reach approximately USD 132.52 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 6.86% during the forecast period. Fast industrialization with expanding development expenditure by developing nations will drive the worldwide level glass share of the market in close terms. Civil Aviation Administration of China (CAAC), in its twelfth Five Year Plan, affirmed venture of around USD 65 billion for development of new and rebuilding of existing air terminals. In 2014 India, China and Japan were significant members in the Asia Pacific locale with more than 40% of the aggregate profit. Decisive viewpoint towards automotive sector alongside an expansion in use of safety glass in windows is expected to boost the flat glass market estimate in future. In 2015 Worldwide automotive manufacturing was around 90 million units, with China being the prevailing member, with more than 20 million units. Strict standards towards construction and automotive industry may decidedly influence the flat glass market amid gauge period. LEED measures are to be met amid the manufacturing of specialty items which are utilized as a part of green structures. Moreover, fabricators are relied upon to consent to FEMA particulars for use in security applications in the construction business. Organizations like Sage and Corning are creating moderate technologies which will be helpful to the development of the business.
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Product Outlook and Trend Analysis
Tempered flat glass market was the biggest product section and will reflect significant growth in the upcoming years. Security of passengers is a developing worry for automotive manufacturers and the business stands to profit enormously from it. Different applications incorporate kitchen utensils, windows, phones and doors. Laminated product is anticipated to reflect substantial growth in the following years. Furthermore, the requirement will be supplemented by surge in Asia Pacific construction expenditure with an expansion in discretionary cash-flow. The insulated flat glass market is set to witness significant development in the upcoming years. Double-glazing technique is utilized to produce protected glass, where the sheets of windowpanes are detached by gasses or vacuum to confine the heat exchange. Key applications incorporate airline windows.
Application Outlook and Trend Analysis
Construction flat glass market is projected to reflect considerable development in the following years. Ascend in expenditure of construction alongside requirement for viable infrastructure will boost the business development Automobile applications are relied upon to witness significant development in the upcoming years. Tempered glass is broadly utilized subject to its potent nature. Refurbishment applications are anticipated to encounter substantial development in the following years. Developing customer awareness will additionally compliment the business standpoint.
Regional Outlook and Trend Analysis
China flat glass market is projected to reflect significant growth in terms of revenue in the upcoming years. Development of substantial scale ventures and expanding spending on infrastructural activities may support the business. MEA drove by Saudi Arabia and Qatar is anticipated to encounter considerable growth in the upcoming years attributable to expanding development spending in the district. India flat glass share of the market is relied upon to witness significant development subject to extension of production enterprises combined with expanding outside interest in the locale. South America, drove by Brazil, is set to encounter a substantial demand in the upcoming years. Bountiful accessibility of raw material with rising business facilities would support the flat glass market in close terms. As far as automotive applications, Chile, Brazil, and Argentina will be significant contributors because of quick development in their vehicle producing industry.
Competitive Insights
Flat glass market is extensively competitive in nature. The major players in the industry are SCHOTT Glass India Pvt. Ltd., Saint-Gobain Gyproc India Pvt Ltd, Oldcastle Building Envelope, Xiny Auto, Sisecam, Scheuten Glas Nederland B.V, PPG Industries, Corning and CSG Architectural. Organizations are moving their production offices to China and India as a measure of cost-cutting.
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The global Flat Glass Market is segmented as follows:
By Product:
Tempered Glass
Basic Float Glass
Laminated Glass
Insulating Glass
Other Glass Types
By Application:
Automobile
Aftermarket
OEM
Construction
Refurbishment
New construction
Interior
Other Applications
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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