DUBLIN--(BUSINESS WIRE)--The "Flat Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global flat glass market was worth US$ 104.5 Billion in 2018
Flat glass, also known as sheet or plate glass, is most commonly used for manufacturing windows, doors, mirrors and solar panels. It is produced by melting sand, soda ash and silica into liquid and spreading it to the desired thickness. The molten liquid is then cooled to obtain the desired product. Flat glass is produced via controlled thermal and chemical reactions to ensure toughness in the structural formation. Despite this, flat glass is highly flexible and customizable once it is made.
The thriving construction industry is the key factor driving the growth of the market. Furthermore, the increasing infrastructural expenditure on the construction of eco-friendly green buildings, which aid in minimizing carbon emissions into the environment, is also driving the market growth. Flat glass is widely used in photovoltaic modules, e-glass structures and solar panels due to the rising need for clean energy across the globe. It is gradually replacing the traditionally materials like bricks, stone and wood. Insulated flat glass is transparent and recyclable, which reduces pollution and enhances the comfort for the inhabitants of the building.
Moreover, the flourishing automotive industry is another factor contributing to the market growth. The automobile manufacturers are increasingly employing tempered glass due to its shatterproof properties that can prevent severe injuries and possible life threats in case of accidents. Other factors such as the implementation of nanotechnology to produce lightweight glazing glass and solar control panels coupled with the increasing urbanization and rising disposable incomes are further creating a positive outlook for the market.
Looking forward, the market is expected to reach a value of US$ 153.3 Billion by 2024, registering a CAGR of 6.6% during 2019-2024.
For more information about this report visit https://www.researchandmarkets.com/r/htc0j2