Demand for flat glass in the US is forecast to increase 2.5 percent per year to 6.3 billion square feet in the year 2003.
Strongest gains are forecast for the construction market, with demand projected to reach 3.5 billion square feet in the year 2003. Advances will stem from an expansion in repair and remodeling expenditures for both residential and nonresidential structures, as well as the continuing trend toward the construction of larger houses with greater window area. The popularity of double- or triple-paned insulating glass units in both new and replacement markets will also benefit glass demand.
The motor vehicle market for flat glass is expected to reach 1.6 billion square feet in 2003, outpacing motor vehicle production rates. Flat glass demand in this market will benefit from vehicle designs that incorporate more glass per vehicle and the continuing popularity of sport utility vehicles and minivans, which inherently consume more glass than passenger cars. Additionally, flat glass demand will benefit from replacement requirements of the large number of new vehicles that entered service between 1992 and 1998. Gains in the specialty market (glass used in mirrors, furniture, nonautomotive transportation equipment and appliances) will be promoted by new demand arising from the aerospace industry, as well as furniture and appliance design trends favoring more glass usage, such as the rising popularity of glass-top electric ranges.
Tempered and insulating glass are the largest product segments, together accounting for 60 percent of total flat glass demand in 1998. The strongest gains will be achieved by products that are more energy efficient. The popularity of these types of flat glass products is based upon their ability to lower air conditioning and heating costs by reducing heat transfer and the passage of UV rays. In addition, increasing safety concerns derived from damage caused by natural disasters, burglaries and accidents will promote gains in various types of safety glass, including laminated glass.
Flat Glass (published 7/99, 198 pages)is available for $3300 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail email@example.com. Full text is also available online through commercial database companies and the www.freedoniagroup.com Web site.
Please attribute information from this news release to The Freedonia Group (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate a copy of the article or publication in which we appear.
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|Comment:||Demand for flat glass in the US is forecast to increase 2.5 percent per year to 6.3 billion square feet in the year 2003.|
|Publication:||Research Studies - Freedonia Group|
|Date:||Jul 1, 1999|
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