Market Size of Latin America Flat Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Flat Glass Market Analysis
Over the next few years, the Latin American flat glass market is expected to register a CAGR of over 7%.
A drop in automotive production due to COVID-19 had a significant impact on the flat glass market in 2020. But after the pandemic, more buildings and cars have been made in Brazil, which has increased the demand for flat glass.
- During the forecast period, the market is expected to be driven by more people building homes in the region.
- However, changes in the cost of raw materials are likely to slow the market's growth in the coming years.
- Improvements in the auto industry and more activity in the solar industry are likely to create growth opportunities that will be good for the industry as a whole.
- Brazil is expected to be the market leader and to have the highest CAGR over the next five years.
