Flat glass is a type of glass that is initially produced in plane form and is mostly used for windows, glass doors, windscreens, and transparent walls. Flat glass is usually bent after the production of the plane sheet to be used in modern architectural and automotive applications.
The "Global Flat Glass Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the flat glass market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the leading flat glass market players and offers key trends and opportunities in the market.
Based on the product, the global flat glass market is segmented into basic, tempered, laminated, insulated, and others.
Based on application, the global flat glass market is segmented into architectural, automotive, and others.
MARKET DYNAMICS Drivers:
There has been an increase in demand for flat glass in architectural applications. Flat glass provides various advantages, such as transmission, absorption, and refraction of light; weather resistance; rust resistance; dust resistance; efficiency in terms of cost and energy; better insulation; various color options; and flexibility to be drawn into any shape which is driving the demand for flat glass market.
The various application of flat glass in the automotive industry such as used for car mirrors, windshields, windows, among others is driving the flat glass market.
However, the fluctuations in the price of raw materials is restricting the growth of the flat glass market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The flat glass market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the flat glass market in these regions.
IMPACT OF COVID-19 ON FLAT GLASS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the chemical and material industry in various countries due to lockdowns, travel bans, and business shutdowns. Due to the lockdown implemented across various countries, the manufacturing units were closed which had a negative impact on flat glass market. Along with this, the negative impact on the automotive industry due to the disruptions in supply chain of raw materials and key components has led to a fall in demand for PCB which led to a negative impact on the flat glass market. Thus, COVID 19 has had a significant impact on the flat glass market. Along with this, during the pandemic the building and construction industry was also negative impacted which led to a negative impact on flat glass market.
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The report covers key developments in the flat glass market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from flat glass market are anticipated to provide lucrative growth opportunities in the future with the rising demand for flat glass in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flat glass market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
CARDINAL GLASS INDUSTRIES, INC
Guardian Industries Holdings
Nippon Sheet Glass Co., Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.