Advanced Glass Market expects 10.5 billion square meters consumption by 2024
Date: 2018-11-29   Author: Rahul Varpe  Category: #market

Advanced Glass Market expects 10.5 billion square meters consumption by 2024

Global Market Insights, Inc. adds a new Advanced Glass Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Global advanced glass market should surpass 85 million tons at end of 2024. Rapid industrialization & urbanization rate in China, Brazil, and India along with favorable government schemes to boost infrastructure development will support growth of housing, construction and automotive industries, thereby stimulating advanced glass market demand. Rising environmental concerns pertaining to carbon emissions and energy efficiency along with shift in consumer preference towards green buildings and safety products should positively influence advanced glass market growth.

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With the increasing application scope for glass across the electronics, residential, automotive, and commercial sectors, advanced glass market giants have lately been fortunate enough to have access to a plethora of lucrative growth opportunities. They have in fact, been prominently developing a variety of high quality and innovative glass products in order to consolidate their presence in this business space. In addition, to further expand their reach, companies have been adopting growth strategies such as mergers and acquisitions. The recent acquisition of TGP by Allegion is an instance of the efforts undertaken by the leading players of advanced glass market.

Elaborating further on the aforementioned deal, the leading security products and solutions supplier, Allegion, acquired the North American manufacturer of advanced fire frames, Technical Glass Products (TGP), to primarily extend its reach across North America. The deal has also helped Allegion gain access to TGP’s integrity and innovative ideology. Furthermore, it is imperative to mention that regional governmental bodies have also been playing a pivotal role in increasing advanced glass industry size. For instance, in order to curb carbon dioxide emissions, several regional governments have already deployed a stringent regulatory framework to promote the construction of energy-efficient buildings.

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UK coated glass market size from non-residential buildings should witness significant gains close to 3% during the foreseeable timeframe. Stringent regulations by EU Commission pertaining to energy savings and CO2 emissions along with enhanced usage of product in hospitals, commercial buildings, offices and institutions to minimize the use of air conditioners and promote renewable energy resources should fuel regional advanced glass market growth.

Low emissivity coated glass market demand from automotive windshield applications may exceed USD 3.2 billion by 2024. The product provides high strength and does not break up into small sharp pieces in case of accidents. Low E offers low surface emissivity and it absorbs and re-radiates less light and heat, thus making it suitable for automotive windscreen applications. Increased R&D spending on development of these products and being used in automotive rear and side view mirrors which should drive advanced glass market size.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/advanced-glass-market

Prominent manufacturers in advanced glass market space include NSG, Guardian Industries, Saint-Gobain, Glaze-Tech Industries, PPG Industries, AGC, and Sisecam Group. Industry participants are focusing on R&D to develop and expand product range and making strategies to size up production capacities to strengthen regional and global presence.

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.

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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Read More Related Report @ https://www.gminsights.com/pressrelease/ferroalloy-market 



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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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