Flat Glass Market Analysis

Most of the building materials and components are designed to do their jobs and never be seen. Glass is seen by people every day and never given a second thought to it. Without glass, luxury and modern high-rise living wouldn’t be possible. Glass has made life better by reaching unimaginable heights and enjoy the view then and there. Flat glass is one such component which is used on a large scale. It is a crucial component to the industrial as well as scientific sectors. Flat glass is used in a variety of end products which include facades and windows for buildings, solar panels, windows and windscreens among others. It is the second largest sector in the glass industry in the European Union. The key users of glass include the automotive industry, building and construction industry to a large extent. Flat glass plays a crucial role in mitigating the effects of climate change, energy conservation through high performance architectural glass products and in reducing greenhouse gas emissions (GHG). Owing to its significance, flat glass has large number of end use segments which also includes healthcare, optical, aerospace, electronics and telecommunication.

The key drivers for the growth of flat glass market include the building and construction spending and advances in the solar panel production. In addition, changes and advances in the motor vehicle sector also contribute to the growing flat glass market. Growth of flat glass market also depends on growth emerging markets characterized by growing population, foreign investment and rising middle class and disposable incomes. Asia Pacific is the fastest and largest growing market globally. Japan is expected to contribute to fuel the demand of flat glass based on recovery of domestic building and construction sectors.