Growing Demand for Solar Installation Fuels Unprecedented Expansion of Flat Glass Market, says Market.us
Flat glass is used in the construction and automotive industries for sunroofs, backlights and windscreens, and other things. Flat glass can also be used in interior decoration, mirrors, and greenhouses. The flat glass market can further be segmented by glass type into tempered glass, laminated and annealed glass as well as coated glass and mirror glass.
According to research by Market.us, “The market for Flat Glass in the world was USD 285.19 billion in 2022. It is expected to reach USD 434.48 billion by 2032. This projection represents a 4.3% increase in CAGR over the 2022-2032 period.”
Anurag Sharma, a senior research analyst at Market.us, said, “Market growth is expected to be driven by the rising number of solar energy installations around the world and the growing use of glass architecture in residential as well as non-residential buildings. Also, by the factors such as depletion, rising environmental concerns, government regulations, lower costs of solar installations, technological advancements, and growing demand for electricity.”
Flat glass demand is expected to rise as a result of the growth in end-use industries like architecture, automotive, and energy. Global flat glass market growth is expected to be driven by the expansion of the construction and building industry.
The flat glass will also be in demand due to rising energy efficiency products. Flat glass is used, in the manufacturing of low-E and solar control glasses. Flat glass is expected to grow in the future due to the increased adoption of energy-efficient products.
Market growth is expected to be driven by the rising number of solar energy installations around the world and the growing use of glass architecture in residential as well as non-residential buildings. Market growth is being driven by factors such as depletion, rising environmental concerns, and government regulations, lower costs of solar installations, technological advancements, and growing demand for electricity.
The global flat glass market is expected to slow down due to rising input prices and fluctuations in exchange rates. The flat glass market will be affected by fluctuations in raw materials such as silica, limestone, heavy fuel oil, natural gas (NG), and soda ash.
The global flat glass market is forecast to grow due to the increasing adoption of energy-efficient glass. One such innovation is Low-E glass, which is quickly being used by many end-use industries like the building and construction industry. Low-E glass is being offered by many market leaders. Sisecam Group, for example, offers Sisecam Low E Glass.
This flat glass is energy efficient and helps to control heat. It also protects against Ultraviolet radiation by 68% and reduces condensation. The company’s glass is used in small and medium-sized commercial buildings as well as residential projects.
Tempered Glass is another important product type. It is used for many applications, including cookware and mobile phone screens. Its production has increased due to the growing demand for tempered products.
To make Glass Partners, for instance, announced in August 2020 the opening of its Shreveport, Louisiana, U.S. Tempered glass fabrication plant to meet the growing demand from commercial, residential, as well as architectural applications segments.
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