China flat glass market should witness gains at over 7.1% during foreseeable timeframe owing to its flourishing construction and automobile industry. Improved living standards, growing population and increased foreign investments should boost product demand.

Sellbyville, DE -- (SBWire) -- 11/01/2018 --GMI presents a most up-to-date research on "Flat Glass Market – Global Industry Analysis, Size, Share, Product (Laminated, Tempered, Basic Float, Insulating), Growth Potential, Trends Statistics, Regional Outlook (North America, Central & South America, China, Indian Sub-Continent, Oceania, Europe, Post-Soviet States, Middle East, Africa) and Forecast 2017 – 2024".

Flat Glass Market size will surpass USD 130 billion by 2024; according to a new research report by Global Market Insights, Inc. Strong outlook towards increase in automotive production meeting the global demand owing to rise in middle class income level and consumer preference for luxury automobile should propel flat glass demand. Positive application scope for increasing usage in manufacturing windshields & window for cars and in sunroof for aesthetic appearance should drive product demand.

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Flat glass is extensively used in construction industry replacing conventional bricks, wood and stone. Positive outlook towards growth in infrastructural spending for building airports and residential buildings coupled with strict amendments regarding use of ecofriendly building materials will drive industry growth.

Flat laminated glass market is poised to surpass USD 40 billion in sales by 2024. It is prominently used for skylight in construction and as windshield in automotive industry. Strong application indicator in windows, curtain walls, automotive windshield and storefront exterior should impact positively on product demand.

Raw materials used in manufacturing flat glass include silica, limestone, soda ash and natural gas. Volatile raw material prices along with risk of procurement may challenge industry profitability thereby affecting flat glass market price trend. However, stringent environmental regulations on using hazardous substances supported by government initiatives pertaining to use of ecofriendly & energy saving building materials should surge product demand.

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China flat glass market should witness gains at over 7.1% during foreseeable timeframe owing to its flourishing construction and automobile industry. Improved living standards, growing population and increased foreign investments should boost product demand.

Stringent regulations and policies set forth by government and agencies to adopt green building products complying FEED and FEMA standards for safety application should favor product demand. Technological advancement with the intervention of nanotechnology and development of lightweight glazing glass and hybrid guide plate should bolster product demand.

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Automotive applications from flat glass market should witness strong gains and surpass 1.8 billion sqr. mtrs in demand. Rising influence on safety owing to high accidental mortality rate may fuel product demand. Increasing usage to reduce vehicle weight in compliance with regulatory norms to control carbon emissions should positively favor industry growth.

Global flat glass market share is highly competitive and fragmented with major industry participants include Asahi, Guardian Group, GSC, Asahi India, Astro Cam and NSG Group. Companies collaborate with others to expand their regional presence and establish core competencies to strengthen market position.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.