Flat Glass Market Size Is Projected To Reach USD 409.49 Billion By 2030


 San Francisco, 18 April 2024: The Report Flat Glass Market Size, Share & Trends Analysis Report By Product (Basic, Tempered, Laminated, Insulated), By Application (Architectural, Automotive), By Region, And Segment Forecasts, 2024 - 2030

The global flat glass market size is expected to reach USD 409.49 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% during the forecast period. The market is projected to be driven by increasing construction spending and the need to improve energy efficiency in buildings. The rising preference for architecture, which increases natural daylight in the house is propelling the consumption of glass in roofs and facades, which is expected to play a key role in boosting the product demand over the coming years. Moreover, a growing emphasis on economic recovery by encouraging investments in infrastructural developments is anticipated to drive market growth over the forecast period.

For instance, to substantiate the economic importance of infrastructure, the Department of the Treasury in the U.S. carried out a study of 40 key proposed infrastructure projects. As per this study, the completion or availability of these 40 projects can provide economic benefits of up to USD 500 billion to 1 trillion to the country. Technological upgrades and product innovation in construction glass applications have positively benefited the market growth in the recent past. However, the market growth was obstructed in 2020 owing to the COVID-19 pandemic resulting in negative sales revenue of key companies.

For example, Saint-Gobain’s sales declined by around 6% from Q3 2019 to Q3 2020. The pandemic slowed down the customers’ investment cycles, which affected all the related activities. The market is anticipated to recover soon with investments across the solar, construction, and automotive industries. The growth in the end-use industries has compelled product manufacturers to expand their production capacities. For instance, in October 2020, ÅžiÅŸecam invested in its production business in Turkey for capacity expansion to cater to the growing demand from the domestic market.

Access Research Report of Flat Glass Market @ https://www.grandviewresearch.com/industry-analysis/global-flat-glass-market

Flat Glass Market Report Highlights

  • The growing emphasis on the adoption of Electric Vehicles (EVs) is compelling manufacturers to expand their production capacities, which is expected to benefit market growth
  • The tempered product segment held the largest revenue share in 2023 on account of increased raw material prices along with high demand for these products in electronics and construction-related applications
  • In terms of revenue, the laminated product segment is anticipated to register the fastest CAGR during the forecast period due to the rising usage of laminated glass in the construction and automotive industries
  • North America dominated the market and accounted for a 16.1% share in 2023 and accounted for the maximum share of the global volume
  • The APAC regional market is estimated to expand further at the fastest CAGR from 2024 to 2030 due to the rapid growth of the manufacturing sector in developing economies like China and India

Flat Glass Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 318.49 billion

Revenue forecast in 2030

USD 409.49 billion

Growth Rate

CAGR of 4.3% from 2024 to 2030

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in Flat Glass Market

  • AGC Inc.
  • Cevital Group
  • Euroglas
  • Guardian Industries
  • Saint-Gobain
  • ÅžiÅŸecam Group
  • Vitro

Access Press Release of Flat Glass Market @ https://www.grandviewresearch.com/press-release/flat-glass-market

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein retail stores, restaurants, and hot
Read more