The latest survey report
According to a new report titled "Mexico Flat Glass Market Forecast 2021-2026", an in-depth analysis of the Mexican flat glass market is provided, evaluating the market based on segments such as technology, product, industry, and region. The report tracks the latest trends in the industry and examines their impact on the overall market; it also assesses market dynamics, including key demand and price indicators. The market will be driven by the growing automotive and construction industries, with the Mexican flat glass market growing at a CAGR of 2% from 2021-to 2026 and is expected to reach USD 1.345 billion by 2026.
The Mexican flat glass market is being driven by the growing demand for float glass in the region. Due to its superior performance, high quality, and structural flexibility, float glass is an ideal material for construction, vehicles, and a variety of other applications. Float glass is also easier to cut, constructed, less brittle, clear, and transparent, with fewer air bubbles. These properties have led to increased demand in various end-use industries such as construction, automotive, and electronics. Float glass can also be further processed to create different forms of glass products such as tempered glass, laminated safety glass, and acoustic glass. Hence, the Mexican float glass market is expected to witness significant growth over the forecast period owing to rapid technological advancements in Mexico and innovations introduced by key players.
Another important factor contributing to the rising demand for flat glass is environmental concerns and increasing electricity demand, increasing the number of solar installations, and a reduction in installation costs, further contributing to the growth of the market.
Divided by product type
Mirror, patterned glass, super clear glass
Divided by the application field
Safety and Security
Divided by end-use
Figure 1 The Mexico Flat Glass Market Forecast 2021-2026
The rapid growth of the Mexican automotive industry has propelled the growth of the Mexican flat glass industry due to the increase in the demand and production of automobiles. Due to low labor costs and favorable government policies, Mexico is a promising destination for automakers to establish R&D centers and expand their operations. This has contributed to the significant growth of the market in the country, and leading flat glass manufacturers are also investing in increasing their production capacity.
Continuing investments in infrastructure development and rising housing construction activities in the region are expected to further drive the market over the forecast period. Rising disposable income coupled with the increasing appearance and attractiveness of interior design is also driving the demand for luxury buildings, which is expected to support the growth of the market. Investments in sustainable infrastructure are also increasing, as is the adoption of solar energy. This is expected to boost the installation of solar panels, further boosting the Mexican flat glass market.
Major market players
Vitro, S.A.B de C.V, Saint Gobain S.A., Guardian Glass LLC, AGC Inc., Nippon Sheet Glass Co., Ltd, etc.
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