It’s being expected that by 2030, the Panel Glass market cap will hit 142.75 at a CAGR growth of about 27.72%.
Increase in the activities of construction, production of automotive, joined with the infrastructure investments across the developing and developed countries fueling the global panel glass market. Growth in the restoration and activities of renovation in both commercial and residential buildings are driving the growth of global panel glass market as the already present buildings have less energy-sufficient infrastructure. Rise in the use of panel glass in the solar panels, e-glass and photovoltaic modules because of increase in requirement for clean energy is propelled to be the trends mounting the global panel glass market.
Advancements in the synthesis of energy attached with promoting the recyclability and sustainability of the technologies are propelled to motivate the growth of the panel glass market 2018 positively. In addition, decreasing prices of solar panels across the world related to the rise in accepting the clean energy are projected to fuel the panel glass market and is expected to increase the demand for panel glass market during the forecast period.
Enlargement and industrialization of automotive industry in Asia Pacific are anticipated to boost the global panel glass market. Initiatives by government in economies like India and China are associating the growth of automotive industry are favoring the global panel glass market growth. Europe showed the stable growth in past years and is anticipated to support the panel glass market trend in the coming years.
Successful automotive sector in Asia Pacific is playing a major role in boosting the demand for the products of panel glass. Manufacturers of automotive in the Asia Pacific region uses the tempered glass in the production of windows of automobile. Development of the automotive sector can be anticipated by the fact that automotive sector of China was responsible for the manufacturing of automobiles in the past years.
Substantial rise in the industry of construction in Latin America is propelled to fuel the growth of panel glass market in terms of revenue over the forecast period. Growth in the focus for the construction of energy containing buildings and renovating the already present infrastructure. Regions are shifting towards the use of renewable solar energy in various applications. Several factors are propelled to affect the demand for panel glass positively and growth of the revenue of panel glass market in coming future. Industries of automation and construction are the main users of panel glass and are propelling the growth of global panel glass market.
Global panel glass market is segmented on the basis of technology, product type, application and region. On the basis of technology, global panel glass market is divided into sheet, rolled and float. On considering the product type, panel glass market is divided into toughened glass, laminated glass, basic float glass, extra clear glass, coated glass and more. Based on application, panel glass market is divided into solar energy, transportation & automotive, infrastructure & construction and much more.
Geographically, regions involved in increasing the global panel glass market share are Japan, North America, China, Europe, India, Southeast Asia and more. Asia Pacific is the region which is expected to grow over the forecast period.
Key players involved in the development of panel glass market share are Saint-Gobain, Taiwan Glass, Asahi Glass, China Glass Holdings Limited and more.
Panel Glass Market Scope
Key Segments in the “Global Panel Glass Market” are-
By Technology, market is segmented into:
- Sheet
- Rolled
- Float
By Product Type, market is segmented into:
- Toughened Glass
- Laminated Glass
- Basic Float Glass
- Extra Clear Glass
- Coated glass
- Others
By Application, market is segmented into:
- Solar Energy
- Transportation & Automotive
- Infrastructure & Construction
- Others
By Regions market is segmented into:
- Japan
- North America
- China
- Europe
- India
- Southeast Asia
- Others
Frequently Asked Questions (FAQ) :
The application of the panel glass market Solar Energy, Transportation & Automotive, Infrastructure & Construction and other.
The major players are Saint-Gobain, Taiwan Glass, Asahi Glass, China Glass Holdings Limited.
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