Research and Markets has announced the addition of the “Global Glass Processing Equipment Market 2016-2020” report to their offering.
The global glass processing machinery market to grow at a CAGR of 3.83% during the period 2016-2020.
Global Glass Processing Machinery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the key drivers for market growth will be increasing demand for glass from construction industry. The construction sector is one of the major end-users of glass, accounting for approximately 32% in 2015. Almost 80% of flat glass is used in construction applications. Benefits such as safety, security, environmental protection, and natural insulation offered by architectural glass is guiding its steady rise in both commercial and residential buildings. The trend of replacing cement, brick, and granite building exteriors with glass is gaining momentum, which will further contribute to the demand for architectural glass. Fresh opportunities for growing demand is significantly stimulated by the increase in new construction activity and refurbishment of existing buildings.
Introduction of solar control and lightweight glasses will be a key trend for market growth. The global glass market is witnessing the growing use of solar control and lightweight glasses in buildings and motor vehicles worldwide. Solar control glass not only adds to the aesthetics of a building but also minimizes energy costs by reducing the need for air-conditioning systems. In regions that have hot climatic conditions, the use of such glasses in buildings helps reduce solar heat gain and control glare. In temperate regions, this kind of glass aids in solar control and to balance natural light. Thus, such functionalities are propelling the demand for solar control glass worldwide, which, in turn, is expected to contribute to the global glass processing machinery market during the forecast period.
Key vendors
•Biesse Group
•Bottero
•CMS Glass Machinery
•Conzzeta
•Glaston
•OCMI-OTG
Other prominent vendors
•Benteler International
•Deway Glass Processing Machinery
•IGE Glass Technologies
•LandGlass
•LiSEC
•Shenzhen Handong Glass Machinery
•Siemens
•SK Glass Machines
•VICDA-ASG Glass Machinery
For more information about this report visit http://www.researchandmarkets.com/research/8vmb22/global_glass