Mexico Flat Glass Market Size, Share, Price, Forecast 2021-2026
Mexico Flat Glass Market Report and Forecast 2021-2026
According to Expert Market Report’s latest report, ‘Mexico Flat Glass Market Report and Forecast 2021-2026’, the Mexico flat glass market attained a value of USD 1,004 million in 2020. Aided by the technical advances, the market is projected to further grow at a CAGR of 4.2% between 2021 and 2026 to reach a value of USD 1,345 million by 2026.
Flat glass is made up of flat glass sheets that are thin as paper. It is made by laying sheets of molten glass on a metal plane. The market growth is also being driven by the rising demand for float glass. Float glass is suitable for buildings, vehicles, and other applications due to its superior properties, high quality, and structural flexibility. It is less likely to crack, is easier to cut and fabricate, is smooth and translucent, and contains less bubbles. Flat glass is widely used to prepare windows, doors, mirrors, automotive glass, and a variety of other items, and it has a wide range of applications. The Mexico flat glass industry is being driven by rapidly increasing automotive and car industry and increasing manufacturing in Mexico. Since float glass can be processed further to make specialised glass such as toughened glass, soundproof glass, and laminated protective glass, it is expected to see increased demand over the forecast period. Rapid technical advances and new developments in the market are expected to help the segment grow.
The rapidly developing car demand and booming automotive market in Mexico, which is one of the largest end-use industries for flat glass, are driving the flat glass industry. Automakers are choosing Mexico as a location to establish R&D centers and grow their industry due to low labour costs and favorable government policies. This has had a substantial impact on the market's growth. Aside from that, the leading flat glass manufacturers are expanding their manufacturing capacities in Mexico, which is helping the industry grow. Furthermore, the growing infrastructural investments in Mexico have boosted demand for flat glass in the country. However, since the outbreak of COVID-19, Mexico's building sector has been in a state of emergency. Increasing investments in renewable infrastructure and the rising implementation of solar energy are expected to boost the construction of solar panels in the area over the forecast period, providing increased growth opportunities for Mexico's flat glass industry.
The market report by Expert Market Research analyses the market based on segmentations such as technology, product type, raw material, category, application, end use, and major region.
Market Breakup by Technology
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