India Architectural Flat Glass Market Outlook (2018 to 2032)
Synopsis
The above chart is India Architectural Flat Glass Market Outlook (2018 to 2032)
Market Dynamics
the demand for architectural flat glass in india has seen an upsurge in recent years, driven by the growing construction and infrastructure development activity. this upward trend has been supported by several factors such as increasing population, rapid urbanization, increasing disposable incomes, and the growing middle class.
in order to meet the growing demand for architectural flat glass, manufacturing process has improved through technological advancements, resulting in superior products with better durability, aesthetics, and energy efficiency. recent developments such as toughenable-bent, non-laminated insulating glass units (igus), and laminated safety glass are speeding up the demand for an architectural glass. additionally, energy-efficient glass with low e-argons, low u-values, and high light transmission are also emerging as a preferred choice.
the increased demand of flat glass in india is also resulting in growth of the domestic production industry, rather than depending on imports. several domestic players have been making investments to expand their production capacities. these areas impacting the market growth come from many areas from construction, automotive, solar absorption units, and electronic display units.
government initiatives for the advancement of flat glass manufacturing have also played a huge role in the increased demand for flat glass. many policies have been put in place to give incentives to the manufacturers of flat glass in india. for instance, the indian government recently launched the hyflexp project to help promote and sustain india’s flat glass manufacturing industry. additionally, the new policy for promotion of solar power through subsidies has created more opportunities for the deployment of flat glass.
going forward, with the rising demand for energy efficient structures, architects and designers are expected to shift towards the usage of energy efficient material like low-e glass. this will be further supported by increasing disposable incomes, population growth, and expanding urbanization. as a result, the demand for architectural flat glass in india is projected to remain strong over the forecast period.