Pune, India -- (SBWIRE) -- 03/05/2018 -- Global rolled glass market, by product (patterned, and wired), application (automotive and transportation, building and construction, solar and other application), - forecast till 2025
Rolled glass is a sheet of glass made by the extrusion of molten glass between two rollers. These are the type of architectural glass used in automotive and transportation vehicles, various electronics item and in construction industry. Increasing usage of glasses in building material, increasing automotive sector is the major reason propelling the market growth for these materials. The growing production to meet increasing consumer demand on account of rising disposable income is anticipated to play a key role in driving the overall industry demand over the forecast period. The dynamics in building architecture that focus on maximizing natural daylight with use of glass roofs and facades is further expected to catapult the rolled glass demand over the coming years. The growing usage of rolled glass in solar panels and photovoltaic modules due to the increasing demand for renewable energy is also expected to drive market growth. The regulatory environment governing the rolled glass market is characterized by implementation of BS Codes along with other safety legislations, restricting the market growth. Increasing adoption in solar application is expected to provide new opportunities to the global market.
The global rolled glass market is segmented on the basis of products, and applications; On the basis of products, the market is segmented into patterned and wired glass. Patterned glass due to their increasing usage in construction and building commands the maximum market share. These patterned glasses provide added support and strength, hence are a fast-growing product class. Also the wide application of these glasses such as in all kind of public and private places including, hospitals, meeting rooms, offices, hotels, washroom and others and in glass table, shaft and lampshade are some of the major reason for the growth of the segment. These are major used in interior design, partition, decorations, street furniture and other construction places. On the basis of application, the market is segmented into automotive and transportation, building and construction, solar and other application. Growing building and construction industry and growing demand for patterned glasses is the major reason for the market growth in this sector.
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The global rolled glass market is dominated by Asia Pacific owing to the growing construction industry and building material usage in the region. Additionally growing economies and infrastructure spending have fuelled the market growth in the region. Europe accounts for the second leading market which is followed by Americas. Strong government support and infrastructure development have driven the growth of the market in Europe. On the other hand, the Middle East & Africa holds the minimum share in the market due poor economic conditions in the African region.
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Key Market Players
The major market players of global rolled glass market include Asahi Glass Co. Ltd, Central Glass Co. Ltd, CSG Holding Co. Ltd., Fuyao Glass Industry Group Co. Ltd. (FYG), Guardian Industries, Nippo Sheet Glass (NSG), Saint Gobain, Sisecam Group, Taiwan Glass Ind. Corp., Triveni Glass Ltd. (TGL), and Vitro, S.A.B De C.V.
- Automotive and Transportation
- Building and Construction
- Other Applications
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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