North America Flat Glass Market share is set to reach USD 12.5 Billion by 2024, rapid industrialization & urbanization along with government regulations regarding energy efficient and smart glass technology as advance construction practice may have positive influence on product demand. Increasing residential and non-residential construction projects owing to rising economic standards along with growing investments in construction sector is likely to foster market size.
North America laminated glass industry may surpass USD 4 billion by 2024. It is mostly used for skylight for construction applications and manufacturing vehicle windshields. It is basically polyvinyl butyral sheet which is designed to prevent it from shattering into pieces and ensures its safety, thereby stimulating flat glass market demand.
North America insulating glass market share may register gains of over 6% by 2024. Rise in concerns to lower energy usage along with growing need to decrease carbon emissions is likely to drive industry growth. Introduction of regulations by LEED to construct energy efficient residential and commercial buildings will foster flat glass market growth.
Market demand from construction application is predicted to surpass USD 10 billion by 2024. It is mainly used for windows, doors, and transparent walls. The products have excellent insulation, chemical resistance, high strength, soundproof, fire resistant and saves energy, thus making it preferable for construction sector. Shift in constructions trends regarding product usage in exterior and interiors of the building to enhance the aesthetic value of the building may fuel regional industry growth.
Market share is fragmented with key players including Saint-Gobain, Guardian Group, Corning, and GrayGlass Company. Companies are engaged in mergers and acquisitions to enhance product offering and increase market penetration.
Segments Covered in this Report:
The above information is provided for the following country’s: