Flat glass market share will witness significant growth owing to attributes including noise control, self-cleaning, neutrality, fire protection and energy-saving. Raw materials including limestone, sand and soda ash, will witness demand supply deficit which may have adversely affect the industry landscape. Soda ash price variation coupled with its supply demand deficit may further hamper the business growth.

North America flat glass market, led by the U.S. for 2015 was valued over USD 6 billion. Improved product line and increasing consumer awareness will stimulate regional growth. For Europe, flat glass Industry size will exceed USD 23 billion by 2023. Automobile sector was a key contributor to the industry with more than 12.5 million cars sold in 2015, as compared to 11.4 million in 2014. Laminated and tempered glass market is expected to witness consumption of over 1.1 million tons owing to growth in construction and refurbishment sector.

Latin America flat glass market, led by Argentina, Brazil and Chile will witness 7% CAGR by 2023. Increasing per capita income along with escalating automobile industry growth will boost the product demand. Insulated glass consumption exceeded 1 billion square meters in 2015 owing to wide adoption in airline windows to reduce heat transfer by glazing.