Booming Construction Sector Signals Massive Growth in Flat Glass Market, Overall Sales to Exceed US$ 445 Bn by 2032, Fact.MR Report

NEW YORK, Feb. 24, 2022 /PRNewswire/ -- The global flat glass market registered a market valuation of US$ 274 Bn in 2021, and is projected to reach US$ 445 Bn by the end of 2032. The overall demand in the flat glass market is estimated to surge at a CAGR of 4.5% during the forecast period (2022- 2032).

As per the study, the sales in the global flat glass market is expected to exceed a valuation of US$ 286.33 Bn by 2022 owing to the increasing standard of living and investments in the construction sector. Additionally, growing adoption of glass architecture in residential and non-residential constructions is expected to boost the market.

Further, growing demand for appealing interiors and luxury construction is likely to benefit the flat glass market. For instance, in September 2021, Greystar Real Estate Partners, LLC collaborated with CPP Investments and Cyrela to form the Brazilian Multifamily Property Sector in So Paulo. Such initiatives are anticipated to boost the flat glass market in the coming years.

For Critical Insights on this Market, Request for More Info at:

https://www.factmr.com/connectus/sample?flag=S&rep_id=7151

Growing demand for solar energy owing to the low installation cost and rising environmental concern is underpinning the demand for flat glass. This, in turn, will propel the sales in the flat glass market.

Besides this, rising building architectural developments coupled with technological innovations will drive the demand for flat glass during the forecast period. Subsequently, rapid industrialization and urbanization across China, India, Brazil and the UAE will accelerate the growth in the market.

The product has a variety of applications in the automotive industry, including windows, doors, automotive windshields, side panels and sunroofs.

Fact.MR estimates, implementation of government regulations to improve energy efficiency and smart glass technology is likely to create growth opportunities for the flat glass market players.

For instance, as per the U.S. Census Bureau, there was 6.7% rise in the number of privately-owned housing units in the Southern U.S. in the last year. This trend is likely to continue in the coming years, fueling the demand for flat glass.

Key Takeaways:

• Based on product, the insulated flat glass segment is estimated to hold more than 45% of the market share in 2022.
• In terms of end-user, the building & construction segment is estimated to reach US$ 85 Bn by 2032.
• Asia Pacific flat glass market is anticipated to hold more than 62% of the global market share in 2022.
• Sales of flat glass in North America are expected to increase at a CAGR of 5% during the forecast period.
• Based on application, the architectural segment is expected to account for more than 73% of the overall market share.

Growth Drivers:

• Advancements in construction activities and infrastructural developments on the back of rapid urbanization is projected to propel the sales in the market.
• Growing demand for luxury spaces and construction of spacious buildings is expected to drive the demand for flat glass in the coming years.

To Gain In-Depth Insights on Flat Glass Market, Request Methodology at

https://www.factmr.com/connectus/sample?flag=RM&rep_id=7151

Competitive Landscape:

Presence of numerous leading players in the market is resulting in severe competition in the market. To gain competitive edge, leading players are collaborating with e-commerce giants and leading end users.

Meanwhile, some of the players are adopting inorganic growth strategies such as joint ventures, partnerships, and collaboration to expand their product portfolio and strengthen their global presence.

For instance,

• September 2020: Guardian Glass introduced its second float glass firm in Poland. The firm is projected to help the architect and construction markets gain access to high-performance products.
• October 2020: During the fourth quarter of the fiscal year ending December 31, 2021, AGC Inc. integrated the Architectural Glass Business in Japan with Central Glass Co.

Key Companies Profiled by Fact.MR

• AGC Inc.
• Central Glass Ltd.
• Capital Group
• China Glass Holding Ltd.
• Euroglas
• Fuyao Glass Industry Group Co. Ltd.
• Guardian Industries
• Nippon Sheet Glass Co. Ltd.
• Saint-Gobain
• iEcam Group

More Valuable Insights on Flat Glass Market

Fact.MR, in its report, offers a market analysis on the global flat glass market provides unbiased analysis for the forecast period of 2022 to 2032. This survey also reveals the growth trajectory of the flat glass market on the basis of:

By Product:

• Insulated Flat Glass
• Laminated Flat Glass
• Tempered Flat Glass
• Basic Flat Glass
• Other Flat Glass Products

By Application:

• Automotive Flat Glass
• Architectural Flat Glass
• Other Flat Glass Applications

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

To Remain 'Ahead' of Your Competitors, Buy the Report Now!

https://www.factmr.com/checkout/7151

Key Questions Covered in the Flat Glass Market Report

• What was the valuation of the global flat glass market in 2021?
• What is the projected market value of the flat glass market during 2022-2032?
• At what rate did the global flat glass market grow from 2017 to 2021?
• Who are the leading players operating in the global flat glass market?
• Which region will be the most lucrative during the forecast period?

Explore Fact.MR's Coverage on the Chemical & Materials Domain

Anti-Gelling Agent Market Trends – Expansion of construction industry coupled with growing disposable income is projected to increase the consumption of paint & coating. This will present tremendous growth opportunities for the anti-gelling agent market. Besides this, the manufacturers concentrating on introducing new products and technological advancements is projected to increase the sales in the market.

2-Propylheptanol Market Forecast –The global 2-propylheptanol market is driven by the rising demand of 2-propylheptanol in industrial detergents, plasticizers, solvents, surfactants, adhesives, and sealants. The market for 2-propylheptanol is projected to exhibit steady growth in the coming years due to increasing use in the plasticizer industry.

High Purity Argon Market Scope – The high purity argon market is expected to exhibit stupendous growth in the coming years. Rising demand for minimal chemical changes or oxidation during the winemaking, electronics and automotive parts manufacturing, steel manufacturing, welding, and metal fabrication, and food preservation is projected to drive the market.

Aramid Fiber Market Insights – The market for aramid fibers is expected to grow owing to the rising demand for aramid fibers across offshore, leisure, and mining industries. In addition to this, the booming automotive industries in China will further create attractive opportunities for the growth during the forecast period.

About Fact.MR 

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.  

Access MarketNgage: The On Demand, Subscription based platform from Future Market Insights

www.marketngage.com 

Now avail flexible Market Research Subscription through MarketNgage, the Market Research Subscription Platform from Future Market Insights and other iconic market research powerhouses. Go beyond just reports and access research multi-format through downloadable executive summaries, chapters, databooks, infographics, charts, interactive playbook for data visualization and full reports across all major industries, 200+ sub sectors and 1200+ niche markets, through MarketNgage.

Sign Up for a 7 day free trial!

Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: [email protected]

SOURCE Fact.MR