Low-iron Glass and Ultra-low-iron Glass Market Worth Around USD 3,500 Mn by 2025 | Moderate CAGR of 5.8% in Global Industry
In a new report by Ameco Research, the Global Low-Iron Glass Market is forecast to register a 5.8% moderate CAGR between 2018 and 2025. The report includes a prediction where the global market revenue is foreseen to touch an over US$ 3,500 Mn by the end of 2025.
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 the 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 witnessed 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.
Ameco Research has also uploaded the latest report titled "Global Ultra-low-iron Glasse Market Research Report 2018" is analyzed to reach the market is projected to showcase approximately thriving CAGR during the forecast period 2018-2025.
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Major Points from Table of Contents:
Global Ultra-low-iron Glasse Market Research Report 2018
1 Ultra-low-iron Glasse Market Overview
2 Global Ultra-low-iron Glasse Market Competition by Manufacturers
3 Global Ultra-low-iron Glasse Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Ultra-low-iron Glasse Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Ultra-low-iron Glasse Production, Revenue (Value), Price Trend by Type
6 Global Ultra-low-iron Glasse Market Analysis by Application
7 Global Ultra-low-iron Glasse Manufacturers Profiles/Analysis
8 Ultra-low-iron Glasse Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Ultra-low-iron Glasse Market Forecast (2018-2025)
13 Research Findings and Conclusion
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