According to a recently issued study from The Freedonia Group,
a Cleveland-based market research firm, the market value of fabricated
glass will grow a strong 5.4 percent per year through 2008 to
The study, World Flat Glass, also predicts that the market for
architectural glass will benefit from the greater use of value-added
glazing products, both in new structures and during major renovation.
Based on year-end 2003 figures, it is forecast that the global
industry will require 23 new float lines averaging 500 metric
tons per day to meet future demand for flat glass through the
end of 2008. These figures exclude Russia and China, which the
study says are looking to convert and modernize existing facilities
rather than adding additional capacity.
In addition, the study predicts that developing countries in
Asia will register the strongest gains in flat glass demand through
2008, with growth especially strong in China and India. The U.S.
market for fabricated flat glass is forecast to outpace the global
average through 2008, although actual gains in square meters and
metric tonnage will lag the global average slightly. Western Europe
will continue to post the weakest sales growth among all regions.