According to the Graphical Research new growth forecast report titled “Asia Pacific Flat Glass Market Share By Product, Application, Industry Analysis Report, Regional Outlook”, Estimated to Exceed USD 93 Billion by 2026. Growing demand for automotive vehicles such as commercial, passenger and two wheelers may drive the flat glass market growth. Rising penetration of the product in passenger cars owing to its usage in backlights, windscreens, windows, sunroofs is likely to accelerate the Asia Pacific flat glass product demand.
Asia pacific flat glass market demand from construction application shall register gains at about 7.0% by 2026. Increasing consumer spending on reconstruction and renovation along with new projects in the region should drive market growth. Rapid industrialization and development along with government guidelines regarding energy effective and smart glass expertise as advance construction practice may accelerate Asia pacific flat glass market growth.
Asia Pacific flat glass market size from insulating glass may surpass USD 12 billion by 2026. Rise in concerns to reduce energy usage along with increasing need to reduce carbon releases is likely to drive insulating glass demand over the forecast period. Introduction of guidelines by LEED to construct energy efficient residential and commercial buildings is likely to favor product demand.
India flat glass market size may witness significant gains at over 11.0% during the forecasted time frame. Increasing per-capita disposable income with rising automotive production in the region may drive the overall market. The flat glass is sustainable and is manufactured from natural raw materials providing high degree of transmission and high chemical inertness.
Japan flat glass market demand from construction application may surpass USD 8.5 billion by 2026. Rising demand for energy efficient buildings in the region may upsurge the usage of flat glass products. Flat glass helps to increase the influx of natural light in the building. This property of glass is used in advanced glazing solutions to significantly reduce the need for heating and cooling in the buildings, reducing energy consumption and associated CO2 emissions.
Asia Pacific flat glass market share is fragmented with major key players including GSC Glass Ltd., Asahi Glass Ltd., Saint Gobain, NSG Group and Central Glass Co. Ltd. Manufacturers are engaged in various R&D activities which in turn foster their product innovations.
Asia Pacific Flat Glass Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2020 to 2026, for the following segments:
Asia Pacific Flat Glass Market Share, By Application
- New Construction
- Interior Construction
Asia Pacific Flat Glass Market Share, By Product
- Basic Float