Rolled Glass Market is expected to show increased growth due to growing building and construction sectors in Asian countries

2018-02-20 11:38:06


The global rolled glass market is anticipated to experience moderate growth over the forecast period. The glass finds considerable applications in automotive and construction industries, which is a key factor expected to impel the global demand.

 

The building & construction finds a range of applications for glass including float, flat, and rolled. Patterned glass, in particular, is being employed in roofing, facade applications as well as in the manufacturing of glass windows. Patterned glass is expected to replace standard flat glass in roofing applications due to its properties that provide higher strength. The demand for fenestration and ancillary products such as windows, doors, glass, blinds, and facades is anticipated to drive the product demand over the forecast period. New building construction accounts for more than 70% of the construction market in addition to the replacement market which is projected to drive the rolled glass market demand over the forecast period.

 

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Asia Pacific on account of rapid urbanization is expected to witness an increase in construction spending over the forecast period Overall, the Asia Pacific capital project and infrastructure market will grow by 8% to 9% a year over the next decade, approaching USD 6,000 billion by 2025 and representing nearly 60-70% of the world total market. In the Middle East, Saudi Arabia followed by UAE and Qatar captured a sizeable market share of the construction spending. This increase in spending is attributed to the number of projects lined up under their respective government-led expansion and diversification programs. Saudi Arabia accounted for 53% followed by UAE with 22% and Qatar 15% of the construction spending 2015. With its massive commercial and social housing schemes Saudi Arabia plans to boost tourism and subsequently step-up construction and development of the hospitality sector, which is anticipated to be the largest market for glass products. Additionally, there is an increased focus on affordable housing in Kuwait, Bahrain, and Saudi Arabia. The growing use of precast housing systems and increasing joint ventures with international companies is anticipated to drive market demand over the forecast period.

 

Presently, crystalline silicon developed is the most widely used technology and is best suited in solar applications owing to its high efficiency. The glass used is typically a low-iron rolled glass, which is often in toughened form and combined with anti-reflective coating in order to ensure maximum radiation reaches the PV cells. The demand for float glass in comparison to rolled glass is expected to be particularly high with many countries investing renewable energy sector. Fluctuating raw material demands is one of the major challenges faced by the global market.


The major market players of global rolled glass market include-

·         Asahi Glass Co. Ltd

·         Central Glass Co. Ltd

·         CSG Holding Co. Ltd.

·         Fuyao Glass Industry Group Co. Ltd. (FYG)

·         Guardian Industries

·         Nippo Sheet Glass (NSG)

·         Saint Gobain

·         Sisecam Group

·         Taiwan Glass Ind. Corp.

·         Triveni Glass Ltd. (TGL)

·         and Vitro

S.A.B De C.V. 


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