Rapid Industrialization, Urbanization & Government Regulations May Fuel Product Demand
According to the Graphical Research new growth forecast report titled “North America Flat Glass Market analysis based on Product, Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024”, the flat glass market share in North America is estimated to exceed USD 12.5 billion by 2024.
Rising environmental concerns regarding waste management along with recyclability of glass promoting its use in construction and automotive industries will promote North America flat glass market growth. The product is manufactured in flat form without any methodology used in the production process. Growing green building concept along with increased product usage in cabinet closure, furniture, solar cells and table tops will enhance product demand. Flourishing construction industry owing to increasing investments and rising construction & renovation expenditure is likely to drive North America flat glass market. Increased product usage in automotive windshields, side and rear windows for aesthetic look and appearance along with effective insulation for pleasurable driving may drive regional industry growth. North America tempered glass market size may account for 5.5% by the end of forecast period. Increasing investments in commercial and residential construction projects along growing safety concerns is likely to drive product demand. The product has exceptional hardness characteristics due to which it is used in building structures & home applications including shelves, table tops, partitions and shower enclosures, which in turn will stimulate flat glass market demand. Canada flat glass market size from automotive application may surpass USD 320 million by 2024. Rapid urbanization along with rise in automobile consumption and production along with vehicle safety and lightweight properties will stimulate product penetration over the forecast timeframe Rise in consumer spending for lightweight automobile to reduce carbon emissions growth along with increased product usage in manufacturing windows and backlights will stimulate product demand. North America flat glass market share is highly fragmented with key companies inclusive of Guardian Group, Xinyi Auto Glass, Dillmeier Glass Company and Oldcastle Building Envelope. Companies are now focusing on innovative strategies to obtain competitive edge.
Segments Covered
North America Flat Glass Market Size, By Product
-Tempered Glass
-Laminated Glass
-Basic Float Glass
-Insulating Glass
-Others
North America Flat Glass Industry Demand, By Application
-Construction
-Automotive
-Others
Source:
https://www.graphicalresearch.com/industry-insights/1045/north-americaflat-glass-market
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