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The global flat glass industry is being driven by the growing demand for flat glass in the construction and automotive industries. The Asia Pacific region is the emerging market for the product and is expected to witness the fastest growth rate over the forecast period. The Asia Pacific flat glass industry is expected to aid the growth of the global flat glass industry. Within the Asia Pacific, China and India are the most significant markets for flat glass. The rapidly developing emerging economies within the Asia Pacific region are supporting the growth of the industry. The growing infrastructure activities, along with the development of smart cities across the globe, are providing a boost to the construction sector, which in turn, is aiding the growth of the flat glass industry. Also, the growing adoption of renewable energy sources, particularly solar plants, is expected to aid the industry growth in the forecast period.
The growing use of flat glass in the construction sector for various purposes is aiding the industry growth. In January 2020, Saint-Gobain (EPA: SGO), a major player in the industry, announced the acquisition of Continental Building Products (NYSE: CBPX), a highly respected plasterboard player in North America, following regulatory and stockholder approval, in order to enhance its product portfolio for buildings, transportation, and infrastructure applications, further expanding its footprint in the high growth regions in the United States. The growing demand for clear, tinted, and solar-control reflective glass in the Asia Pacific region is drawing the attention of the major players, aiming to expand their business in the region’s high growth market. In January 2019, Saint-Gobain inaugurated a fifth flat glass manufacturing plant in India, continuing its development strategy and further strengthening its position as the leader in flat glass in the country. Such developments are expected to further aid the growth of the global flat glass industry over the forecast period.
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The major players in the global flat glass market are Asahi India Glass Limited, Saint-Gobain, Nippon Sheet Glass Co., Ltd., Cardinal Glass Industries, Inc., and CSG Holding Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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