Market Size of Europe Flat Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Flat Glass Market Analysis
The Europe flat glass market is projected to register a CAGR of over 3% during the forecast period.
The impact of the COVID-19 pandemic is expected to hinder the market's growth in the coming years. As the world continued to battle new variants of the virus, the IMF revised the growth rates of various countries. Severe disruptions in the future related to construction activities are expected to act as restraints to the market.
- Over the short term, increasing construction activities in the region can drive market growth.
- However, fluctuating raw materials and energy prices are expected to restrain the growth of the studied market over the forecast period.
- Nevertheless, increasing clean energy initiatives in southeastern Europe and the use of polymer powder in the industry are likely to create lucrative growth opportunities for the global market soon.
- Germany is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
