Global Flat Glass Market By Technology, By End-Use Industry and By Business Opportunities and Forecast To 2025
Global Flat Glass Market Analysis According to Verified Market Research, The Global Flat Glass Market was valued at USD 112.69 Billion in 2018 and is projected to reach USD 189.40 Billion by 2026, growing at a CAGR of 6.48% from 2018 to 2025. What is a Flat Glass? For making any type of glass they have to go through a molten state and how they are cast determines its shape and type. Flat glass is made by melting sand and other materials into a liquid and spread out in sheets on a metal plane and hence it is flat like sheets of paper with the desired thickness. They are mostly used in windows, doors, mirrors, automotive glass and solar panels. Unlike container glass, which is used for making bottles, jars, cups and glass fibers, the flat glass had a different chemical composition and are made using the float glass process.
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Global Flat Glass Market Outlook In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The construction industry holds a major share of the flat glass market due to increased urbanization and a growing number of projects and investments in the real estate sector. The growing need for energy saving is driving the solar energy market, which in turn is propelling the growth of the flat glass market. Technological advancements and the growing electronic display demand, increased use of flat glass in passenger cars, trains and buses, increasing vehicle penetration due to the growing spending power of consumers will further accelerate the flat glass market. However, increase in raw material prices and issues in their availability, and drop in flat glass production lines across North America are the key restraining factors in the growth of the Global Flat Glass market during the forecast period. Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Flat Glass Market�