According to a new market report published by Lucintel, the future of the global flat glass industry looks good with opportunities in the building construction glass, automotive glass, and specialty glass.
The global flat glass industry is forecast to grow at a CAGR of 5.5% from 2016 to 2021. The major drivers of growth for this market are growth in the construction market, rising automotive production and sales, rising per capita income, and technological advancement.
In this market, building construction glass, automotive glass, and specialty glass are some of the major segments of flat glass. On the basis of its comprehensive research, Lucintel forecasts that the automotive glass and specialty glass segments are expected to show above average growth during the forecast period.
Within the global flat glass industry, the automotive glass segment is expected to remain as the largest market. Low interest rates and favorable taxation schemes are expected to drive vehicle sales, which would spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to increase in urbanization, growth in real estate sector and increasing investment by flat glass manufacturers within the Asia Pacific region. Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of increasing per capita income and strong housing demand.
For market expansion, the report suggests innovation and new product development to produce high-performance and energy efficient flat glass in an environmentally friendly manner. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for customers.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing usage of advanced nanotechnology in flat glass, solar control glazing for automotive and building glasses, lightweight glazing glass, and increasing use of hybrid guide plate. Asahi Glass Co. Ltd, Saint-Gobain SA, Corning Incorporated, Nippon Sheet Glass, and Fuyao Group Glass Industries Co. Ltd. are the major flat glass manufacturers in the global flat glass industry. Some companies are opting for merger and acquisition as strategic initiatives for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global flat glass market by application, and region and has come up with a comprehensive research report, "Growth Opportunities in the Global Flat Glass Industry 2016-2021: Trends, Forecast, and Market Analysis." The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
Some of the features of "Growth Opportunities in the Global Flat Glass Industry 2016-2021: Trends, Forecast, and Market Analysis" include:
Market size estimates: Global flat glass industry size estimation in value ($B). Trend and forecast analysis: Global flat glass industry trend (2010-2015) and forecast (2016-2021) by region and segment. Segmentation analysis: Global flat glass industry size by various application types such as building construction glass, automotive glass, specialty glass both in terms of value. Regional analysis: Global flat glass industry breakdown by key regions such as North America, Europe, Asia Pacific and Rest of World. Growth opportunities: Analysis on growth opportunities in different applications and regions. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of flat glass suppliers in global flat glass industry. Emerging applications: Emerging applications of flat glasses in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Read the full report at http://www.reportlinker.com/p04006936-summary/view-report.html.