Mexico Flat Glass Market To Be Driven By The Rising Automotive And Construction Industries In The Forecast Period Of 2021-2026 – ManufactureLink

2022-05-29 12:15:29 By : Ms. Sunny Chen

The new report by Expert Market Research titled, ‘Mexico Flat Glass Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Mexico flat glass market, assessing the market based on its segments like technology, product, industry, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

The Mexico flat glass market is being driven by the increasing demand for float glass in the region. Due to its superior properties, high quality and structural flexibility, float glass is a desirable material for buildings, vehicles, and a variety of other applications. Float glass is also easier to cut, construct, is less breakable, is clear and transparent, and has less bubbles. These properties lead to its increased demand across various end-use industries, such as construction, automotive, and electronics. Float glass can also be processed further to manufacture different forms of specialized glass, such as toughened glass, laminated safety glass and soundproof glass. The market for float glass in Mexico is thus expected to witness significant growth in the forecast period due to rapid technological advancements and the introduction of new innovations by the key players.

Another important factor contributing to rising demand for flat glass is increasing environmental concern and growing electricity demand, which has led to an increase in the number of solar energy installations and a reduction in the cost of such installations, further aiding the growth of the market.

Industry Definition and Major Segments

Flat glass, as the name suggests, is a type of glass that is flat like sheets of paper. It is manufactured by spreading molten glass in on a metal plane surface. It is also sometime referred to as plate glass. Flat glass finds usage across various industries and is frequently used to make windows, doors, mirrors, automotive glass, among others.

Read Full Report with Table of Contents – https://bit.ly/3PEsZY9

Based on technology, the industry is categorised into:

On the basis of product type, the industry is categorised into:

By category, the industry is categorised into:

The major raw materials utilised in the industry include:

Based on application, the industry is categorised into:

By end use, the industry is categorised into:

By region, the industry is categorised into:

The Mexico flat glass industry is being driven by the rapid growth of the automotive sector in the country due to rise in vehicle demand and production. Mexico is a promising destination for automakers to setup R&D centres and expand their business due to low labour cost and favorable government policies. This has resulted in significant growth of the market in the country, with the leading flat glass manufacturers also investing in increasing their production capacities. Saint-Gobain, in 2017, announced the construction of a new flat (float) glass production line in Saltillo to produce glass for the construction and automotive sectors in order to meet the growing demand.

Rising investments in infrastructure development and increasing housing construction activities in the region are further projected to drive the market in the forecast period. Rising disposable incomes, along with a growing inclination towards look and appeal in interiors, have also propelled the demand for luxury construction, which is expected to support the growth of the market. There are also growing investments in sustainable infrastructure and increasing adoption of solar energy. This is anticipated to boost the installation of solar panels, further providing impetus to the Mexico flat glass market.

The major players in the market are Vitro, S.A.B de C.V, Saint Gobain S.A., Guardian Glass LLC, AGC Inc., Nippon Sheet Glass Co., Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

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