Flat Glass Hold On! There Will be a Surge of Demand in the Future

The global flat glass market is expected to reach $124.14 billion in 2022, with a compound annual growth rate of 7.1 percent, according to the GVR survey.The large construction demand in developing countries is the key factor to promote the development of flat glass market.

Demand for flat glass is growing significantly in the construction industry.Particularly,tempered glass is widely used in building roofs and Windows.For developing countries, toughened glass is being replaced by ordinary sheet glass because of its high strength.In addition, many automobile manufacturers choose to use tempered glass to produce car glass.Because ordinary sheet glass will be scattered after the rupture, its sharp shards can cause serious personal injury or life threatening.On the contrary, tempered glass is more and more popular because it is not easy to scatter even after breaking.

With the launch of the 12th five-year plan of the China Civil Aviation Administration(CAAC), China will build 56 new airports and renovate 16 new ones, bringing new growth opportunities to its construction industry.China's continued growth in industry, housing and infrastructure will greatly increase demand for sheet glass.

With strong economic growth and the elimination of barriers to investment in foreign markets, demand for flat glass in India's construction sector will be further stimulated in the next few years.Markets in Vietnam and the Philippines are also becoming more attractive because of population growth, rapid urbanization and economic development.

All in all,flat glass must hold on!There will be a surge of demand in the future.