Flat Glass Market Size in Asia Pacific 2020 Industry Share, Trends and Forecast – GroundAlerts.com

Flat Glass Market Size in Asia Pacific 2020 Industry Share, Trends and Forecast 2026

The Asia Pacific flat glass market size offers a holistic view on the overall industry with all required details regarding its overall foothold in the global ecosystem along with its applications in vivid end-user sectors. As flat glass can be manufactured in a myriad of shades & tints, translucencies, densities, and dimensions, they can be used across innumerable applications. With latest technological advancements in manufacturing capabilities, manufacturers have begun production of ultra-thin float glass for smartphones, television, and computer hardware.

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The three prominent trends adding to the impetus of the flat glass market in Asia Pacific are as follows:

Escalating deployment across construction sector

In terms of application, the construction sector is constantly utilizing flat glass in an array of applications such as windows, doors, cabinets, tabletops, solar cells, wall, and furniture. The segment is likely to claim the foremost position in the overall Asia Pacific flat glass market through 2026, growing at a 7% CAGR.

This is because of the superior toughness of flat glass in exterior residential and commercial applications, apart from being an eco-friendly glass type. While conventional glass windows can shatter into numerous sharp shards when broken, flat glass, which is strengthened to deliver an annealed glass pane, does not.

The commercial sector in APAC has been adopting this glass in office building exteriors, retail outlets, restaurants, and display cases, amongst other areas. It can offer the dwellers an impression of the outside being inside, producing a sense of openness owing to its superior clarity. A higher amount of light can pass through this glass, rendering the space bright and cheery.

Enhanced UV filtration of laminated flat glass

During 2019, the laminated flat glass segment in Asia Pacific flat glass industry outlook was estimated at $15 billion and is poised for continuous growth through 2026 despite the impact of the COVID-19 pandemic. Several manufacturers have been coming up with new solutions that provide higher protection against UV rays.

This glass is safer to use in windows for residential and commercial buildings. It does not shatter to multiple pieces and is a type of lightweight glass. Using this glass in bedrooms or offices can lower stress levels amongst occupants by creating ideal lighting conditions.

Rising popularity across Indian market

Several industries in India, particularly automobile and construction sector, have been accounting for a major consumption rate in Asia Pacific flat glass market. The high degree of industrialization, alongside the growing consumer preference toward premium-quality and eco-friendly glass has been spurring its demand across the country. The Indian flat glass market size is slated to grow at more than 11% CAGR through the next five years.

Indian automobile manufacturers have been leveraging flat glass in roofs and windows to add to the durability and aesthetic value of their product. The growing consumer tendency to spend leniently on vehicles, and the higher preference for lightweight glass to lower the automobile weight, have been pushing the demand for this product in APAC region.

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Saint Gobain, Asahi glass, NSG Group, GSC Glass Ltd., Duratuf Glass Industries Ltd, and Central Glass are some leading flat glass manufacturers in Asia Pacific.

Browse Related Report:

North America Flat Glass Market Size By Product (Laminated, Tempered, Basic Float, Insulating), By Application (Construction, Automotive), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico) Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

https://www.graphicalresearch.com/industry-insights/1045/north-america-flat-glass-market

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Market definitions

1.2    Market assumptions & forecast parameters

1.3    Appendix

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1   flat glass industry summary, 2015 – 2026

2.1.1    Business trends

2.1.2    Country trends

2.1.3    Product trends

2.1   4 Application trends

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Source: https://www.groundalerts.com/flat-glass-market-trends

May 17, 2021 Harold ottle