The global float glass market is anticipated to observe considerable growth over the timeframe of analysis due to the increasing use of this variant of glass as building material for residential and commercial infrastructure. Increased use of float glass as a component in architecture and interior design is likely to play an important role in accentuating its demand in the years to come. It is increasingly used as a component in insulated glass, tabletops, mirrors, windows, coatings, flooring, and ceiling. In addition to that, the augmented sue of flat glass in many of the automotive applications is estimated to pave way for rapid growth of the global float glass market over the timeframe of assessment, from 2020 o 2030.
Grade, application, and region are the three important parameters based on which the global float glass market has been classified.
One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global float glass market is mentioned as below:
Some of the prominent organizations in the global float glass market comprise the below-mentioned:
The global float glass market is characterized by the presence of the following restraints, drivers, and opportunities.
One of the important growth factor for the global float glass market is the rising disposable income of the people, particularly in the developing countries. With increased money in hand, consumers are more inclined to spend on premium products, such as use of flat glass in architecture and interior decoration. Constant technological progress is making way for replacement of the traditional sheet and plate facilities, due to availability of enhanced safety elements, such as integration of interlayer foil between sheets, as it is capable of holding it in place even during a breakage. Such properties are likely to bolster growth of the global float glass market over the tenure of analysis.
In addition to that, a rise in the utilization of the glass assists in higher transmission of light, thereby diminishing the heat gain for all the architectural applications. This factor is estimated to facilitate increased adoption of float glass in the architecture field. Furthermore, there has been increased concern about environment and global warming, which has facilitated use of float glass because it helps in obtaining Leadership in Energy and Environment Design (LEED) certificate for commercial and residential construction. Superior aesthetics and hassle-free application has resulted in its increased adoption by the construction sector.
Asia Pacific is likely to present high growth opportunities for the players in the global float glass market, thanks to its high use of the glass in the regional infrastructure and construction sector. Presence of government policies encouraging development of the regional infrastructure is expected to boost the revenue of the market in the region. On the other hand, Europe is another important region for float glass, thanks to high demand for the product from the construction sector.
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