Market Size of Asia-Pacific Flat Glass Industry
|Study Period||2018 - 2028|
|Base Year For Estimation||2022|
|Fastest Growing Market||Asia Pacific|
|Largest Market||Asia Pacific|
*Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Flat Glass Market Analysis
The Asia-Pacific Flat Glass Market size is expected to grow from USD 63.42 billion in 2023 to USD 87.43 billion by 2028, at a CAGR of 6.63% during the forecast period (2023-2028).
The market was negatively impacted due to COVID-19. Due to the pandemic, several countries in the Asia-Pacififc region went into lockdown to curb the spread of the virus. The shutdown of numerous companies and factories has disrupted supply networks and hampered production, delivery schedules, and product sales. The market has recovered from the COVID-19 pandemic and is increasing significantly in the region.
- Increasing demand from the construction industry and growing demand for electronic displays drive the market during the forecast period.
- Fluctuating raw material prices and government regulations on carbon emissions will likely hinder the market's growth in the coming years.
- The market has key opportunities due to advancements in the automotive industry and rising initiatives in the solar industry in China, Malaysia, Thailand, and Indonesia.