According to a new market report published by
Lucintel, the future of the global flat glass industry looks good with opportunities
in the building construction glass, automotive glass, and specialty glass. The
global flat glass industry is forecast to grow at a CAGR of 5.5% from 2016 to
2021. The major drivers of growth for this market are growth in the construction
market, rising automotive production and sales, rising per capita income, and
technological advancement.
In this market, building construction glass, automotive
glass, and specialty glass are some of the major segments of flat glass. On the
basis of its comprehensive research, Lucintel forecasts that the automotive
glass and specialty glass segments are expected to show above average growth
during the forecast period.
Within the global flat glass industry, the automotive
glass segment is expected to remain as the largest market. Low interest rates
and favorable taxation schemes are expected to drive vehicle sales, which would
spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest
market due to increase in urbanization, growth in real estate sector and
increasing investment by flat glass manufacturers within the Asia Pacific
region.
Asia Pacific and Rest of the World are expected
to witness significant growth over the forecast period because of increasing
per capita income and strong housing demand.
For market expansion, the report suggests
innovation and new product development to produce high-performance and energy
efficient flat glass in an environmentally friendly manner. The
report further suggests the development of partnerships with customers to
create win-win situations and development of low-cost solutions for customers.
Emerging trends, which have a direct impact on
the dynamics of the industry, include increasing usage of advanced
nanotechnology in flat glass, solar control glazing for automotive and building
glasses, lightweight glazing glass, and increasing use of hybrid guide plate.
Asahi Glass Co. Ltd, Saint-Gobain SA, Corning Incorporated, Nippon Sheet Glass,
and Fuyao Group Glass Industries Co. Ltd. are the major flat glass
manufacturers in the global flat glass industry. Some companies are opting for merger
and acquisition as strategic initiatives for driving growth.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed the global flat glass market by
application and region and has come up with a comprehensive research report, “Global Flat Glass Industry 2016-2021: Trends,
Forecast, and Opportunity Analysis.” The Lucintel
report serves as a springboard for growth strategy, as it provides a comprehensive
data and analysis on trends, key drivers, and directions. The study includes the
forecast for the global flat glass market through 2021, segmented
by product type, end use industry type and region as follows:
By application ($ billion from 2010 to 2021):
·
Building Construction Glass
·
Automotive Glass
·
Specialty Glass
By region ($ billion from 2010 to 2021):
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This
144-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/flat_glass_market,_flat_glass_industry.aspx
or helpdesk@lucintel.com. Lucintel
offerings include mass
transportation, transportation
market report, strategic
growth consulting, market research due
diligence and market
research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
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