Global float glass market is expected to reach 68. 49 million tons by the end of this year and is expected to register a CAGR of over 5. 5%, during the forecast period. The major consumer of float glass is the construction industry.
New York, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Float Glass Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" - https://www.reportlinker.com/p06036764/?utm_source=GNW With the restart of a few construction activities after the COVID-19 Pandemic, the demand for float glass is coming back on track, which somehow may balance the market for float glass in residential and commercial applications till the mid of 2021. ? Key Highlights Over the short term, major factors driving the market studied are the increasing demand from the construction industry, along with recovering the automotive industry. Some of the factors restraining the demand for the market studied include the rising raw material prices, declining demand for certain types of glasses, and environmental impact related to float glass production, among others. Neverthless, huge growth potential from solar sector is likely to creat lucrative growth opportunity in the studied market. Asia-Pacific dominated the market across the world with the most substantial consumption from countries like China and India. Key Market Trends Increasing Demand from Building and Construction Segment Float glass has become a fundamental element in architectural and design projects ranging from gleaming skyscrapers to modern co-ops and opulent villas to stylish workplaces. In commercial applications, float glass is becoming increasingly popular. It enables the construction of structures while giving the sense of being outside and providing the benefits of being inside and sheltered from the weather. In building and construction applications, float glass is majorly used in windows for both functional and aesthetic purposes, which allow clear sights for customers looking out of the window, and at the same time, protect them from the elements such as UV radiation. In addition, the growing urban population and the rise in disposable income of the world population are a few other major factors that have significantly boosted the growth of infrastructure and construction activities worldwide. The growth of construction and infrastructure development directly links to the demand for float glass, which tends to drive the growth of the market. The recent trend suggests a rapid change in building architecture, with the use of float glass in facades and roofs optimizing natural daylight. Furthermore, the market drivers include technologies such as Low-E and triple silver insulated goods. According to the Institution of Civil Engineers, the volume of construction output is forecasted to grow by 85%, with a revenue of USD 15.5 trillion worldwide in the upcoming decade, led by emerging countries such as India and China and developed countries like the United States. The growing commercial construction in a wide range of sectors, including education, retail, healthcare, office commercials, and so on, increases the demand for float glass, which drives the growth of the market. The global construction market was valued at around USD 7.2 trillion in 2021, and it is likely to rise with a growth rate of 3.6% in 2022, which is likely to support the demand for float glass from various construction applications. According to the American Institute of Architects, overall non-residential building construction in the United States is expected to grow to 3.1% in 2022. The construction of hotels is expected to rise by 8.8% in 2022 and of office spaces by 0.1%. All such aforementioned developments are expected to drive the demand for float glass in the construction industry through the years to come.? Asia-Pacific Region to Dominate the Market The Asia-Pacific region is expected to dominate the market for float glass during the forecast period owing to the demand from industries such as construction and building, solar panels, etc. in the countries like China and India. The Chinese government is focusing on the expansion of float glass production capacity projects. Float glass also achieved rapid growth in production and sales in China. As of September 2021, the industry accounted for 299 active production lines with a capacity of 197,600 tons per day. Additionally, from January to September 2021, 14 float glass production lines were resumed, with a production capacity of over 9,900 tons per day. According to the International Trade Organization, China is the world’s largest construction market and has the highest rate of urbanization globally. According to data from the American Institute of Architects (AIA) Shanghai, by 2025, China is likely to have built a city equivalent to 10 in New York since the 1990s. Furthermore, the construction industry is expected to account for 6% of the country’s GDP by 2025. The Chinese construction sector plays an increasingly important role in stimulating the economy and stabilizing employment. The use of automotive glass in the production of windshields, side windows, and rear windows has significantly improved safety in all parameters. According to the International Trade Organization, China remains the world’s largest automotive market in terms of both annual sales and production, with domestic production expected to reach 35 million units by 2025. In 2021, China’s EV industry was worth USD 124.21 billion. In addition, the sales of electric vehicles in China are anticipated to reach 6 million units by the end of 2022 as demand in the vehicle segment soars. In India, in September 2022, Kotak Special Situations Fund (KSSF), managed by Kotak Investment Advisors Limited (KIAL), announced an investment of about INR 450 crores in Gold Plus Glass Industry Limited, a float-glass manufacturer. This investment would accelerate the company’s expansion plans, bring significant benefits to the industry and help make India self-sufficient in glass, where over 30% of glass demand is currently imported. In May 2022, Asahi India Glass’ Board of Directors approved the expansion of its production capacity through the construction of a Greenfield Float Glass plant. The new production plant would be used mainly for internal consumption toward localization of raw glass for auto & architectural processing. All such trends are likely to enhance the demand for float glass in India. Some of the major companies operating in the Asia-Pacific region are AGC Inc., Nippon Sheet Glass Co. Ltd, and GUARDIAN GLASS LLC. All the factors, in turn, are projected to have a significant impact on the market growth in the region during the forecast period. Competitive Landscape The global float glass market is consolidated; the top five players dominated global production with a significant share in 2021. Some of the key companies in the market include AGC Inc., Saint-Gobain, GUARDIAN GLASS LLC, Nippon Sheet Glass Co., Ltd, and ?i?ecam, among others. Additional Benefits: The market estimate (ME) sheet in Excel format 3 months of analyst support Read the full report: https://www.reportlinker.com/p06036764/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________
Oil prices have bounced around quite a bit this year. Brent oil, the global-pricing benchmark, started 2022 below $80 a barrel before soaring into the $120s following Russia's invasion of Ukraine. With the prospect of higher oil prices, we asked some of our energy contributors what oil stocks they believe are best positioned to capitalize following OPEC's bold move.
Investing in Warren Buffett's biggest holdings can be a winning tactic, but don't overlook the companies that occupy smaller positions in Berkshire Hathaway's portfolio.
The year 2022 has been a painful journey for semiconductor manufacturers. Following the example of AMD , Nvidia and Intel , which are the three main players in the sector, 2022 is a year to forget .Their valuations are in recession. Advanced Micro Devices (AMD) currently has a market value of $94.4 billion, which is a decrease of at least $83 billion compared to December 31, 2021.
Tax-loss harvesting has risen in popularity. BofA says the strategy could give a boost to underperforming stocks from November to January.
The veteran telecom company is having a stellar year in many respects, but reason for concern has emerged.
You would think this would be TIPS’ time to shine. Instead, the prices of Treasury inflation-protected securities—government bonds that are adjusted to keep up with inflation—have declined this year, even as inflation has soared. The comparable loss for ICE’s index of regular Treasury bonds was 13.5%.
This indicator has correctly predicted five steep stock market declines since 1870 -- and it's highly successful at calling bottoms, too!
The 30 components of the Dow Jones Industrial Average (DJIA) tend to be industry-leading companies that are meant to provide a representation of the broader economy. Honeywell (NASDAQ: HON), Intel (NASDAQ: INTC), and Chevron (NYSE: CVX) stand out as three reliable Dow stocks to buy in October and hold for decades.
PayPal is in trouble. "You are independently responsible for complying with all applicable laws in all of your actions related to your use of PayPal's services, regardless of the purpose of the use," the document, called "Acceptable Use of Policy," said.
For the retail investor, the only certainty of our current market environment is uncertainty. Volatility is up, and the main indexes are showing deepening losses. As if that wasn't enough, at least one market bull is turning a bit more pessimistic. JPMorgan strategist Marko Kolanovic has been one of the more bullish voices on Wall Street in recent months, but current conditions have him pushing the timeline back. While he still believes that the S&P 500 can hit 4,800, or a 32% gain from current
Tesla stock is forming a bearish head-and-shoulders pattern. And with CEO Elon Musk likely selling more stock to fund his Twitter purchase, shares of the electric-vehicle giant might have further to fall.
With a price-to-earnings (or "P/E") ratio of 7.4x Verizon Communications Inc. ( NYSE:VZ ) may be sending bullish...
“The Fed will have no choice but to reliquefy the system,'' an event that is likely to happen by the end of the World Series, Minerd writes on Thursday.
If you buy one between now and the end of October, you’ll earn a composite interest rate of 9.62%.
Luckily for everyday investors like us, institutions that trade stocks need to disclose their transactions to the Securities and Exchange Commission every three months. Ray Dalio's hedge fund, Bridgewater Associates, made a relatively large bet on CVS Health (NYSE: CVS) stock in the second quarter. It's CVS' less visible business segments that have allowed it to more than triple its dividend payout over the past decade.
A market rally attempt is reeling as the indexes plunged on Friday's jobs report. Tesla, AMD and On Semi sold off.
These names, which have outperformed the S&P 500 this year, offer above-average dividends with a wide margin of safety.
While most people should sit tight, there are some scenarios where reducing your stock allocation makes sense.
Wall Street tends to give stock splits more weight than they should have. Annaly's reverse split, however, might be a genuine warning sign.
The company is reaping benefits from investments in 5G technology, but that's not necessarily enough to make AT&T stock a buy.