Global Float Glass Market: Overview
The global float glass market is anticipated to observe considerable growth over the timeframe of analysis due to the increasing use of this variant of glass as building material for residential and commercial infrastructure. Increased use of float glass as a component in architecture and interior design is likely to play an important role in accentuating its demand in the years to come. It is increasingly used as a component in insulated glass, tabletops, mirrors, windows, coatings, flooring, and ceiling. In addition to that, the augmented sue of flat glass in many of the automotive applications is estimated to pave way for rapid growth of the global float glass market over the timeframe of assessment, from 2024 o 2030.
Grade, application, and region are the three important parameters based on which the global float glass market has been classified.
Global Float Glass Market: Notable Developments
One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global float glass market is mentioned as below:
- In January 2019, leading global manufacturer of float glass, Compagnie de Saint-Gobain S.A., opened its third float glass plant in Kancheepuram district of India. With the opening of this new plant, Saint-Gobain is expected to increase its capacity of float glass production in India.
Some of the prominent organizations in the global float glass market comprise the below-mentioned:
- Compagnie de Saint-Gobain S.A.
- Taiwan Glass Group, Ltd.
- Pilkington Group Limited
- Guardian Industries Corporation
- Trakya Cam Sanayii A.S.
- Carlex Glass
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Global Float Glass Market: Key Trends
The global float glass market is characterized by the presence of the following restraints, drivers, and opportunities.
Superior Aesthetics and High Demand for Safety to Widen Scope of Use of Float Glass
One of the important growth factor for the global float glass market is the rising disposable income of the people, particularly in the developing countries. With increased money in hand, consumers are more inclined to spend on premium products, such as use of flat glass in architecture and interior decoration. Constant technological progress is making way for replacement of the traditional sheet and plate facilities, due to availability of enhanced safety elements, such as integration of interlayer foil between sheets, as it is capable of holding it in place even during a breakage. Such properties are likely to bolster growth of the global float glass market over the tenure of analysis.
In addition to that, a rise in the utilization of the glass assists in higher transmission of light, thereby diminishing the heat gain for all the architectural applications. This factor is estimated to facilitate increased adoption of float glass in the architecture field. Furthermore, there has been increased concern about environment and global warming, which has facilitated use of float glass because it helps in obtaining Leadership in Energy and Environment Design (LEED) certificate for commercial and residential construction. Superior aesthetics and hassle-free application has resulted in its increased adoption by the construction sector.
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Global Float Glass Market: Geographical Analysis
Asia Pacific is likely to present high growth opportunities for the players in the global float glass market, thanks to its high use of the glass in the regional infrastructure and construction sector. Presence of government policies encouraging development of the regional infrastructure is expected to boost the revenue of the market in the region. On the other hand, Europe is another important region for float glass, thanks to high demand for the product from the construction sector.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
Companies in the Float Glass market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.
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