With the emergence and long-term Impact of COVID-19, Global Flat Glass Market to reach USD 399.40 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Flat Glass Market points towards a potential rise to USD 399.40 billion by 2030. Flat glass refers to a type of glass that is produced in large, flat sheets with uniform thickness. It is commonly used in windows, doors, and architectural applications. Flat glass can be clear, tinted, or coated for various purposes such as energy efficiency, privacy, or safety. Moreover, growing construction industry and rising urban population is anticipated to be key growth driver of this market. Furthermore, growing real estate market and emerging global markets elevate the market space during the forecast period of 2023-2030.
Geographically, the global Flat Glass market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific region dominates the flat glass market and is also anticipated to witness fastest CAGR during the forcast period. This is due to rapid urbanization, strong economic growth, a large construction industry, a thriving automotive sector, favorable government policies, a growing middle-class population, and technological advancements. These factors contribute to the region’s high demand for flat glass in construction, infrastructure, and automotive applications, making it the leading market in the industry. These factors contribute to the region’s high demand for flat glass in construction, automotive, and household applications, fueling its rapid growth in the industry.
The global Flat Glass market is highly competitive owing to the presence of several key players such as Asahi Glass Co., Ltd, Cevital Agro-Industries, Euroglas-De Landtsheer Guardian Industries Corp, Compagnie de Saint-Gobain S.A., Şişecam Vitro Manufacturing Company, NSG Group Fuyao Glass Industry Group Co., Ltd, CSG Holding Limited, and others.
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Key findings of the study suggest:
- Global Flat Glass Market is anticipated to grow with a healthy growth rate of more than 4.30% over the forecast period 2023-2030.
- In the Application segment, Architectural emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to rapid urbanization, strong economic growth, a large construction industry in the region.
- North America is expected to grow at higher rate owing to increasing penetration of glass architecture in residential and non-residential constructions in the region
Bizwit Research & Consulting has considered following segments for the study:
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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