Global Market Insights Inc., has recently published a research report, citing flat glass market size to surpass US$170 bn by 2026. New value adding developments have unlocked opportunities for flat glass companies eyeing to have a competitive edge in the landscape. Flat glass business outlook is likely to remain strong as smarter glass for smarter buildings and vehicles has come to the fore. Numerous companies are gearing to provide innovative solutions to clients.
Current innovations have brought a paradigm shift and made flat glass quite popular for small windows which do not require to resist high pressures or temperatures. Traction for flat glass, otherwise known as annealed glass, has become trendy in lamination, insulation and heat strengthening.
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Giving an impression of being outside, and yet providing a sense of openness, flat glass has become highly sought-after in commercial spaces. Of late, a notable trend for the use of flat glass, which enables a healthy amount of natural light to permeate into the buildings has fueled the market projection.
Most talked about industry dynamics and future trends which are touted to be instrumental for both well-established companies and startups are delineated below:
Flat Glass Market | Future trend counts on construction industry
A notable spike in the construction of residential and commercial buildings has boosted confidence of stakeholders. Simply put, trend for glazing glass, sound-reducing glass, self-cleaning glass and solar control glass has fueled the adoption of flat glass products. Large pie of global flat glass production is used in the construction sector.
With industry 4.0 at the forefront, tendency to reduce energy costs has become a go-to-approach for stakeholders, including architects and building operators. Solar control glass, low-E glass and smart glass have become prevalent in construction landscape.
In light of the current trend, flat glass manufacturers are producing ultra-thin float glass which has gained traction in computer, mobile phone and television hardware.
Investment in laminated glass touted to underscore growth
A palpable surge in glazing of buildings and rise in demand for laminated glass have made laminated glass a catalyst in the industry. With high energy efficiency and double-sided heated flat press system to negate excessive pressing of the edges, investment in laminated glass is likely to spur the flat glass market value.
The interlayer made of polyvinyl butyral (PVB) helps the surface of the fragmented glass to remain smooth and clean and to ward off fragments from falling or penetrating. As such, some of the factors such as heat resistance, durability and moisture resistance make laminated glass class apart in North America and Europe.
Laminated glass has gained traction in the U.S., U.K. and Canada to avert dangerous accidents in light of notable anti-break-in and anti-shocking abilities. Besides, the PVB interlayer has become instrumental in derailing sound wave and retaining comfortable and serene office environment. Notably, UV filtering function tends to prevent furniture from fading and saves energy.
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Flat glass market | Impressive growth opportunities in automotive application portfolio
Lucrative growth opportunities beckon in automotive industry as flat glass including laminated glass gain an uptick in roof, side and window panels. Notably, automotive displays are the major recipient of thin glass which has set the tone in car interiors.
With technological developments, reduction of renewable resources, environmental concerns and dipping solar installation cost, automakers have exhibited keen interest in integrating solar cells into automotive glass.
Use of laminated glass will be more pronounced in automotive industry given that the PVB layer makes windshield shatter-proof, boosting the safety of the occupants. Meanwhile, automakers continue to demand tempered glass for sunroof, rear windows, and side windows.
Potential restraints
High cost of raw materials may dent the industry growth projection, while investment in environment-conducive product and technology to adhere to rigorous environmental regulations may add costs, reflecting in the rising production costs.
Flat glass market players will infuse funds in R&D activities to introduce new products, improve recyclability and the energy efficiency of manufacturing sites. Leading companies are gearing to seize the opportunities provided by laminated glass, with flat glass becoming a toolbox full of novel technologies to bolster flexibility and efficiency.
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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