Float Glass: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-13 04:29:03
The global Float Glass market is projected to reach 79.8 million metric tons by the year 2018, driven by increasing demand for high quality Float Glass Products from the construction and automotive markets.
Float is the most widely used technique for producing flat glass. The technique is also steadily replacing the other two flat glass production techniques, namely sheet and rolled glass. Over the years, growth in the float glass market has been attributed partly to the gradual shift in demand from low quality float and sheet glass production towards high quality float glass. Also, demand for value-added products, with self-cleaning, safety, security and fireproof features, is growing at a faster pace than basic glass products. The market is also witnessing a gradual shift from single glazing to double/insulated glazing led by growing environmental awareness and the implementation of energy efficiency legislation that has made double-glazing mandatory in most of parts of the world, thereby fostering demand for energy-efficient float glass.
Asia-Pacific represents the fastest growing regional market for float glass demand in the construction sector. In the automotive sector, float glass is used in the manufacture of original equipment by vehicle manufacturers, and in replacement parts for the aftermarket. Growing demand for large vehicles such as full size pickups, sport utility vehicles (SUVs) and minivans with larger window area is cited as one of the major reasons for the rise in demand for float glass. Due to the highly competitive characteristic of the automobile industry as seen in the continuous influx of newer models, demand for automotive glazing is also increasing. Increasing usage of glass is being driven by value-added glass, use of glazing as a styling and differentiating feature, environmental concerns and increase in the number of new vehicles being sold, particularly in developing countries. In fact, concerns regarding the impact of glass on the environment have been a major factor driving the usage of double glazed glass in recent times.
Asia-Pacific represents the largest regional market worldwide. The regions emergence as a dominant force in the global float glass market is attributed largely to the robust strides made by China. Increasing industrial growth, rising automotive production, steady increase in construction activity, and rising disposable incomes are creating huge demand for glass-intensive products, thereby fuelling demand for float glass in China and in other countries across the Asia. Developing countries, on the whole, are leading growth in the float glass market. With the average per capita of glass being as low as 4.5 kg in developing countries, there exists enormous opportunity for growth in the years to come.
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