According to a new market research report on the Chinese glass industry available in the Reportlinker catalogue, demand for flat glass in China is expected to increase 8.4% per year through 2011 to 2….
According to a new market research report on the Chinese glass industry available in the Reportlinker catalogue, demand for flat glass in China is expected to increase 8.4% per year through 2011 to 2.9 billion square meters. Measured in value, flat glass demand will expand more than 11% per year, reaching CNY 96 billion in 2011. The Chinese flat glass market will surpass growth in all other parts of the world, driven by healthy gains in building construction activity, as industrialization efforts continue and income levels rise. Chinese government efforts to further increase average per capita living space and privatize home ownership, sustained strength in foreign direct investment funding, rapid growth in motor vehicle production and product renovation in electronics, will also contribute to gains in flat glass. Primary flat glass, including drawn glass, rolled glass and float glass, accounts for nearly 87% of overall Chinese flat glass demand measured in square meters. Float glass sales will account for a rising share of all primary flat glass demand, growing at 8.8% per annum through 2011. Float glass gains will be driven by improved product quality, healthy growth in building construction activity and foreign company investment. The production of drawn and rolled glass will continue to depress overall primary gains through 2011, restrained by the Chinese government“s efforts to phase out old, inefficient and low quality sheet glass furnaces. Demand for fabricated flat glass will increase 12.5% per year to 450 million square meter in 2011, exceeding flat glass demand as a whole. Fabricated flat glass demand will benefit from increasing requirements for value-added glass products for windows, furniture and massive growth in producing motor vehicles and electronic products. The architectural market will remain the largest outlet for flat glass, accounting for nearly 87% of total demand in 2011. Gains will be pushed by ongoing privatization efforts, further growth in the average size of new homes and continuous foreign investment. The electrical/electronic market will expand at the fastest annual rate through 2011, driven by strong increases in electrical/ electronic production, product renewal and growth in personal income levels. Flat glass demand in motor vehicles will also be robust, driven by significant growth in motor vehicle output. The report presents historical demand data for the years 1996, 2001 and 2006 plus forecasts for 2011 and 2016 by flat glass product, market, and region. In addition, the study considers market environment factors, assesses the industry structure, evaluates company market shares and profiles 33 leading companies.