Overview of the global flat glass market for the construction industry
Technavio’s flat glass market report analyst predicts the global flat glass market for the construction industry to grow steadily at a CAGR of above 6% by 2021. One of the primary drivers for this market is the rise in the demand for flat glass from the infrastructure sector. Flat glass has become a major construction component for many building owners. Construction firms and owners are coming up with alternative ways of using glass both on the exterior and interior of buildings. Also, the growing investment in the global residential sector is providing an impetus to the construction glass market. Countries such as India, the US, Poland Turkey, Oman, and the UAE are presently experiencing a massive demand in the residential real estate segment. For instance, the US real estate sector also looks promising, with an increase in foreign investment in its residential sector. This exponential increase in the residential real estate coupled with the user's demand for more use of flat glass will propel the global flat glass market for the construction industry during the forecast period.
One of the latest trends gaining traction in this market is the increasing focus of manufacturers on the recycling of glass waste material in flat glass manufacturing process. The flat glass manufacturing industries are more focused on recycling broken waste glass in the manufacturing process as their raw material. The waste broken glass used in processing is called as cullet. The major reason for this increase in the focus is the capability of glass to melt and mix easily with the raw material in the furnace. This lessens the carbon dioxide emissions during the manufacturing process. Further, the recycling of glass waste supports in minimizing the glass content going in the landfills and the cut in production cost by increasing the quantity of cullet in the raw material. These advantages of recycling of glass waste material will augment growth in the global flat glass market for the construction industry in the coming years.
What's your takeaway?
Technavio's industry research report titled - Global Flat Glass Market for the Construction Industry will help you-
- Identify latent opportunities and explorative solutions in the flat glass market for the construction industry
- Identify your key competition, and what's making them tick?
- Help you build a comprehensive marketing plan, all permutations and combinations inclusive
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Competitive landscape and key vendors
The global flat glass market for the construction industry market is highly fragmented with the presence of several established international and regional vendors. To survive the competitive environment vendors are constantly coming up with new product features like glass façade buildings, and glass roof panels. Also, to gain competitive advantage vendors are constantly investing in R&D and innovations.
Leading vendors in the market are –
- Asahi Glass
- Euroglas
- Guardian Industries
- Nippon Sheet Glass
- Saint-Gobain
Other prominent vendors in the flat glass market include Cardinal Glass Industries, Central Glass, China Specialty Glass, DB Glass, Fuyao Group, Gulf Glass, PPG Industries, Şişecam Group, and TAIWAN GLASS.
Segmentation by end-user and analysis of the flat glass market for the construction industry
- New buildings
- Retro-fit buildings
During 2016, the new buildings segment dominated the flat glass market for the construction industry and accounted for a major part of the overall market’s share. The recent increase in the number of high-rise buildings and green buildings in both the residential and commercial segments has created a high requirement for energy-efficient flat glass. This rising demand will support the dominance of this segment in the global market for the next few years.
Geographical segmentation and analysis of the flat glass market for the construction industry
- APAC
- Europe
- North America
- ROW
In this market study, analysts have estimated the APAC to dominate the flat glass market for the construction industry during the forecast period. Increasing industrialization and economic growth are the major reasons for the growth of the global flat glass market for the construction industry. China and India are the major contributors of the flat glass market for the construction industry.
Key questions answered in the report include
- What will the flat glass market size and the growth rate be in 2021?
- What are the key factors driving the global flat glass market for the construction industry?
- What are the key market trends impacting the growth of the global flat glass market for the construction industry?
- What are the challenges to market growth?
- Who are the key vendors in the global flat glass market for the construction industry?
- What are the market opportunities and threats faced by the vendors in the global flat glass market for the construction industry?
- Trending factors influencing the flat glass market shares of the APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global flat glass market for the construction industry?
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