Flat Glass Market Size over $134 Billion by 2023: Global Market Insights, Inc.

Flat Glass Market size is expected to reach USD 134.6 billion by 2023; according to a new research report by Global Market Insights, Inc.

Positive application scope in automotive and construction industry should drive flat glass market size growth. In addition to windshields and windows in automobiles, it is also widely used in thermal collectors, photovoltaic and concentrated solar power systems which may favor industry demand.

China flat glass market size may generate over USD 55 billion by 2023. Increasing government expenditure on infrastructural projects along with booming automotive industry should favor industry growth. Various building regulations related to energy efficiency norms is likely to increase solar control & thermal insulation usage and stimulate product usage.

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Construction market was the largest and may generate over 6.5% growth. Basic float and tempered are key products driving industry growth in housing expansion. These are applied as both exteriors and interiors to structure, in order to improve aesthetic value and avoid fragility.

Tempered glass market size may surpass USD 39 billion revenue by 2023. It is widely used in construction industry for various applications on account of its lightweight and high strength properties. Strict regulations govern the industry automobile and construction industry. LEED standards need to be complied for its use in green buildings applications. In addition, industry fabricators need to comply with FEMA specifications in construction industry for safety.

Flat glass market has vast market opportunities owing to key performance metrics such as self-cleaning, noise control, energy-saving, fire protection, and neutrality. These properties make the product ideally suited for construction application. Key raw materials, soda ash, limestone, and sand may witness tight supply situation and affect...