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Request Now !Flat glass, also known as plate glass or sheet glass, is produced in the plane form initially. These glasses are used for windows, glass doors, transparent walls, and windscreens. Flat glass has wide usage in making modern architecture. It is made by melting sand into a liquid form. Subsequently, the spreading of liquid glass with a desired thickness and cooling leads to the final product of flat glass. The most common glass used for bottles, cups, jars, and insulation is soda lime glass. Furthermore, the flat glass market is likely to witness significant demand during the forecast period, due to its versatile properties.
Expansion of the solar and construction industries is predicted to drive the growth of the flat glass market. In addition, solar panel flat glass has a relative impact on the yield of solar photovoltaic systems and its properties such as low reflection, high transmissibility, and better functioning. All these properties of flat glass are the major drivers of the market. The future growth of the construction sector such as building, residential, nonresidential areas, and malls is likely to witness strong growth in the future. Furthermore, factors such as the depletion of renewable resources, increase in electricity demand, upsurge in global solar installations contribute toward the growth of the flat glass market. However, the major restraint of the industry will be the slow rate of automotive sector, due to decline in demand for vehicles. Furthermore, owing to the high cost of laminated flat glass, the industry is likely to witness decline in growth rate during the forecast period. On the contrary, insulated flat glass is mostly used for industrial and commercial building constructions, thus augmenting the demand for flat glass.
Key market players
The major players operating in the global flat glass market include Asahi Glass, Saint-Gobain, Nippon Sheet Glass, Guardian Industries, and Twain Glass Ind. Expansions, acquisitions, partnerships, and new product developments are the key developmental strategies adopted by market players to expand their business in the potential markets. In addition, the have been focusing on strategies such as organic and inorganic growth developments, including contracts and investments.
Key benefits of the report
Questions answered in the global flat glass market research report:
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Key Market Players
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