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World Flat Glass Market, Freedonia

World Flat Glass Market, Freedonia

  • August 2016
  • 309 pages
  • ID: 1091125

Summary

Table of Contents

Factors driving flat glass demand include general economic conditions, building construction activity, and manufacturing output (including vehicle production). Global demand for flat glass is projected to advance five percent annually through 2020. Find out more about the global market potential for flat glass in Freedonia’s new study.

This study will answer the questions::
- Which application for flat glass is projected to triple by 2020?
- What regions are seeing new opportunities for flat glass production?
- What region is expected to post the fastest growth in flat glass demand?


Description

Asia/Pacific to register most rapid growth through 2020
The Asia/Pacific region was the largest regional market for flat glass in 2015, accounting for more than half of global demand in value terms. The region is also expected to exhibit the fastest gains through 2020, benefiting from the presence of the five fastest growing national markets for flat glass worldwide: India, Indonesia, China, Thailand, and Vietnam. Within the Asia/Pacific region, China is the dominant flat glass consumer, representing 64 percent of the regional total on a value basis in 2015.

Motor vehicle production slows in North America
In North America, demand is expected to decelerate from gains between 2010 and 2015 as motor vehicle production slows dramatically. Growth in Western Europe will be similar to that seen during the 2010-2015 period as building construction spending rebounds. Demand in Eastern Europe will outpace that in Western Europe, largely due to accelerations in building construction spending and motor vehicle production.

Glass-consuming products shift manufacturing output
Gains in demand for flat glass in North America and Europe will be constrained by the shifting dynamics of global manufacturing, as producers of a wide variety of glass-consuming products are expected to increase operations in developing regions. As a result, increased manufacturing output and investment in commercial facilities will allow demand for flat glass in Central and South America and the Africa/Mideast region to grow faster than in North America and Europe through 2020.

Solar energy provides opportunity
The architectural market will remain the largest source of demand for flat glass in 2020. However, stronger growth is expected in other markets, stimulated by products such as electronic displays. Demand for flat glass in the solar energy market should be particularly fast as many countries increase investment in renewable energy. Solar energy applications accounted for 200 million square meters of flat glass consumption in 2015, a figure that is expected to triple by 2020.

Study coverage
World Flat Glass presents historical data (2005, 2010, 2015) plus forecasts for 2020 and 2025 for supply and demand, as well as demand by market and float glass production capacity by company, in 6 regions and 21 major countries. The study also assesses key market environment factors, examines the industry structure and evaluates company market share data.

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ref:plp2016

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