The solar industry accounts for only a small percentage of the 145m. global flat glass market currently, but it will double by 2020, with a compound annual growth rate (CAGR) of 13%. There is tremendous growth opportunity in this area. To put this in perspective, we expect the other end users to either maintain their place in the market or decline slightly, with the automotive and construction industries having a CAGR of 0% in the next five years and the furniture market experiencing a negative CAGR of 1%. On the other hand, the solar industry is positioned to be one of the most dynamic end users of flat glass not just for the next five years, but also for the foreseeable future.
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