Flat Glass Market was valued at USD 121.8 billion in 2021 and is expected to observe a significant CAGR of over 8.3% to reach USD 174.1 by 2026.
Flat Glass are the glass which mostly goes through a molten (liquid) state and how it is cast (made into its final product) determines its shape. When molten glass is spread out in sheets on a metal plane, it makes flat glass. The glass is flat like sheets of paper. It is also sometimes called sheet glass and plate glass; these are the main factors that have considerably increased the demand for the Flat Glass in the market, thereby driving the huge growth of the Flat Glass market in the upcoming years
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Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Flat Glass in the market is mainly due to the huge rise in the urban population and the rise in disposable income of the world population are few other major factors that have significantly boosted the growth of infrastructure and construction activities worldwide. The growth of construction and infrastructure development directly links to the demand for flat glass, which tends to drive the growth of the market. The recent trend suggests a rapid change in building architecture, with the use of flat glass in facades and roofs optimizing natural daylight, rise demand from the construction industry; these are the main factors that have considerably increased the demand for the Flat Glass in the market, thereby driving the huge growth of the Flat Glass market in the upcoming years
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Report is segmented as:
Flat Glass Market is segmented on the basis of by technology; on the basis of by product type; on the basis of by end-user:
* Flat Glass Market is segmented on the basis of by technology into Float, Rolled, and Sheet
* Flat Glass Market is segmented on the basis of by end-user into Construction & Infrastructure, Automotive & Transportation, and Solar Energy
* Flat Glass Market is segmented on the basis of by product type into Simple Float Glass, Toughened, Coated, Laminated, and Extra Clear
Geographical Segmentation:
Flat Glass Market is segmented into
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Asia Pacific has the dominant share in the Flat Glass is due to the increasing demand for consumer electronics these are the main factors that have considerably increased the demand for the Flat Glass in the Asia Pacific region , followed by Europe, North America, Latin America and Middle East & Africa will register a slower increase in the Flat Glass Market
Impact of COVID-19 on Market
Covid -19 pandemic has created huge losses in every sector across the world, and temporary lack of growth in export and import activities, which has impacted the raise of Flat Glass market growth. Due to covid-19 many companies has shut down and stopped their production and has decreased the availability of Flat Glass. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Flat Glass market growth.
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