The global consumption of low-iron glass is foretold to touch more than 4,265 K MT by the end of 2024. As per the analysis provided in the report, it is envisaged to continue to see a rise in the coming years.
Global Low-iron Glass Market: Drivers and Restraints
Rising adoption of concentrated solar power for generating solar thermal energy is foretold to encourage steady growth of the global low-iron glass market. The demand in the global market is expected to increase on the back of the growing interest in glass as an architectural material and for interior designing.
The advantage of better visibility is predicted to further increase the demand for low-iron glass. High use of low-iron glass in residential as well as commercial buildings as skylights, partitions, doors, and windows is anticipated to propel the market growth.
However, expensive prices of products are prognosticated to hamper the global low-iron glass sales. Use of premium-quality raw materials and advanced solutions in the manufacture is increasing the cost of products and thereby, their price.
Global Low-iron Glass Market: Manufacturing Process and Application
The report segments the global low-iron glass market into two types of products, i.e. float glass and rolled glass by manufacturing process. The photovoltaic industry is one of the most common end users of rolled glass. In 2017, rolled glass took a decent percentage share of the total global consumption.
By application, the global market is categorized into architecture, furniture, photovoltaic, and others. In 2017, photovoltaic accounted for the largest share of the global market in terms of consumption. It was followed by furniture and architecture in the same year.
Global Low-iron Glass Market: Regional Analysis
Geographically, the global market is classified into India, Southeast Asia, Japan, China, Europe, and the U.S. According to the report, it is mainly concentrated in China, North America, and Europe. In 2017, China became the largest consumption market, gaining impetus from the demand in the real estate and photovoltaic industries.
North America and Europe witness wide usage of low-iron glass in the architecture and furniture industries. In 2017, furniture took a larger consumption share of the Europe market.
Owing to the telling demand in the photovoltaic industry, China sees rolled glass securing a higher share compared to any other regional market.
Global Low-iron Glass Market: Key Players
Low-iron glass manufacturers are spread across the globe. Some of the leading suppliers covered in the report are Yaohua Pilkington, Jinjing Glass, Asahi Glass, Euroglas, Pilkington, Saint-Gobain, Guardian Glass, and Vitro Glass.
Among key players operating in the global low-iron glass industry, Vitro Glass is considered to be a market leader that achieved a considerable share of the global sales in 2017.
Full Report Overview@ https://www.qyresearch.com/index/detail/195521/global-low-iron-glass-sales-market