Friday, 12 July 2013

Recent Market Report: Global Flat Glass Market Trends Report 2012 Edition

Flat glass has played an important role in not only energy conservation but also as vital component in various products and processes in the field of energy and other industries. The global flat glass demand is projected to increase at a CAGR of about 2.8% during 2012-2015 on the back of expected worldwide economic growth, government stimulus and increased infrastructural construction activity, coupled with the growth in automobile industry.

Flat glass finds maximum application in building construction industry, with a further significant portion used in automotive applications. In addition, the use of flat glass in other specialist areas, though trivial at present, is expected to account for a significant share in global market demand in the times to come. Region-wise, China, Europe, and North America represent the largest market for flat glass. However, rising economic affluence in the developing countries will continue to provide a boost to demand for flat glass in these regions.

Global concerns towards acutely deteriorating environment and heavy depletion of natural energy sources have compelled the modern society to search for means to meet modern world’s energy requirements. With development of new technologies one of the major trends worldwide is making energy efficient buildings to conserve energy using flat glass as a major structural component. Another trend being observed is enhanced use of low emissivity glass available with many technical functions for conservation of heat. Similarly, solar control glass is being used for utilizing solar energy as an alternative source for energy generation.

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