North
America Flat Glass Market analysis based on Product, Application,
Industry Analysis Report, Regional Outlook, Application Potential, Price
Trends, Competitive Market Share & Forecast, 2018 – 2024, estimated to
exceed USD 12.5 billion by 2024.
Rising environmental concerns regarding waste management along
with recyclability of glass promoting its use in construction and automotive
industries will promote North America flat glass market growth. The product is
manufactured in flat form without any methodology used in the production
process. Growing green building concept along with increased product usage in
cabinet closure, furniture, solar cells and table tops will enhance product
demand.
Flourishing construction industry owing to increasing
investments and rising construction & renovation expenditure is likely to
drive North America flat glass market. Increased product usage in automotive
windshields, side and rear windows for aesthetic look and appearance along with
effective insulation for pleasurable driving may drive regional industry
growth.
Canada flat glass market size from automotive application may
surpass USD 320 million by 2024. Rapid urbanization along with rise in
automobile consumption and production along with vehicle safety and lightweight
properties will stimulate product penetration over the forecast timeframe Rise
in consumer spending for lightweight automobile to reduce carbon emissions
growth along with increased product usage in manufacturing windows and
backlights will stimulate product demand.
North America tempered glass market size may account for 5.5% by
the end of forecast period. Increasing investments in commercial and
residential construction projects along growing safety concerns is likely to
drive product demand. The product has exceptional hardness characteristics due
to which it is used in building structures & home applications including
shelves, table tops, partitions and shower enclosures, which in turn will
stimulate flat glass market demand.
North America flat glass market share is highly fragmented with
key companies inclusive of Guardian Group, Xinyi Auto Glass, Dillmeier Glass
Company and Oldcastle Building Envelope. Companies are now focusing on
innovative strategies to obtain competitive edge.
