Flat Glassent Market Share, Key Trends, Vendor Strategies, Application Analysis, Regional Outlook & Forecasts to 2022

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Flat Glassent Market Share, Key Trends, Vendor Strategies,

Application Analysis, Regional Outlook & Forecasts to 2022

Global flat glass market is expected to reach USD 124.14 billion by 2022. Rising awareness regarding

benefits of glass usage in building & construction including safety, security and energy savings is

expected to drive flat glass market over the forecast period. Product innovations in terms of improved

characteristics coupled with introduction of smart and low-e glasses in the global market is expected to

further propel flat glass demand.

Tempered glass along with laminated and insulated glass is expected to gain popularity over the next

seven years on account of increasing applications in construction and automotive industries. Increasing

dependence on renewable energy sources coupled with introduction of subsidies for energy storage is

expected to propel the solar energy market thus augmenting insulating glass demand in PV installations.

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Further key findings from the study suggest:

Tempered glass was the largest product segment of the flat glass market accounting for over 30% of the

share as of 2014 on account of increasing demand from automotive and construction industries.

Increasing usage in construction applications including doors, windows and facades is expected to

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propel market growth over the forecast period. Tempered glass breaks into small shards instead of

pointed fragments and is increasingly being used as a safety glass.

Laminated glass is expected to witness the highest growth rate on account of growing use for vehicle

windscreen growing at a CAGR of over 6.5% from 2015 to 2022. The...