Float Glass Market - Forecast(2021 - 2026)

 Overview

Float Glass Market is forecast to reach $37.79 billion by 2025, after growing at a CAGR of 4.59% during 2020-2025. Increasing global warming environmental concerns are expected to lead to high demand as it aids in achieving LEED (Leadership in Energy and Environment Design) certification residential and commercial buildings. Due to the simple application and superior esthetics of the product's increased use in the construction sector, market growth in the forecast period is anticipated to increase. In the projected timeframe, increased consumer awareness of safety in buildings and increased focus on building codes are estimated to further boost demand.

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Report Coverage

The “Float Glass Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Float Glass Market.

               

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Key Takeaways

• The increased use of this product in the interior design and architecture has been an important factor in increasing the demand for ceilings, floors, reflection, windows, mirrors, tiles and insulated glass.
• The growth of the market is driven by rising disposable income coupled with industrialization primarily in emerging economies.
• Technology rapidly replaced plate and sheet installations. With the aid of improved safety elements such as the addition of an interlayer foil to the sheets to hold it in place in the event of breakage. Further, enhances the demand for Float Glass during the forecast period.
• In addition, the increasing usage of this the component enables higher light transmission which reduces architectural heat gain, which is expected to drive demand on the market.
• The growing population is driving the Borosilicate Glass Market, increasing urban development and increasing consumption through home appliances.

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Raw Material - Segment Analysis

The sand segment held the largest share in the Float Glass Market in 2018 Float glass is made up of raw materials, 73% of sand (silicon dioxide), 15% soda (sodium carbonate), 10% of limestone (calcium carbonate) and 2% of various additives that are melted in a furnace and floated on a bed of molten tin.

Glass Type - Segment Analysis

Laminated Glass segment held the largest share in the Float Glass Market in 2018. Laminated glass is made by pouring a resin into the space between two sheets of glass that are held parallel and very close to each other. It is basically produced for special purposes. It is having various advantages such as it is best known for security and reduces the safety hazard related to shattered glass fragments as well as to some degree, the security risks associated with easy penetration. Interlayer feature of the glass provides a way to apply several other technologies and benefits, such as coloring, sound dampening, and resistance to fire, ultraviolet filtering and other technologies that can be embedded in or with the interlayer. It is mainly used in building and residential products as well as it is quite known as the transportation industry.

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