Flat Glass Market - Forecast (2021 - 2026)
As per the findings of this market research report from IndustryARC, the global flat glass market was valued at $12 billion in 2018, and it value is estimated to grow at a CAGR of around 6% during the forecast period 2019-2025. The increasing demand of tempered glass in the automotive industry is currently the primary driver of the global flat glass market, feeding off the economic growth of several developing countries. As many as 97 million automotive vehicles were produced across the world in 2017, according to the Organisation Internationale des Constructeurs d'Automobiles, with 5.83% increment over the previous year in India and 3.19% increment in China. Additionally, the increasing demand for fabricated flat glass products such as solar glass panels and electronic displays also have a positive impact on the flat glass market. Amorphous or non-crystalline solids are used in applications such as automotive, solar panels, aerospace, and some other industries, which propel the f...