S.A. Bendheim Ltd. (U.S.), AGC Glass Company North America, Inc.(U.S.), Schott AG (Germany), Central Glass Co. Ltd. (Japan), PPG Industries, Inc. (U.S.), Saint-Gobain S.A. (France), Nippon Sheet Glass Co., Ltd. (Japan), JE Berkowitz, LP (U.S.), AGNORA (U.S.), Guardian Industries Corp Ltd.(U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global construction glass market.
Global Construction Glass Market - Overview
Glass strongly influences modern architectural design. The creative use of large windows, glass doors, roof lights, and atria, among many other applications, makes buildings and houses bright, airy, and inviting and energy efficient. Glass is one of the most sophisticated and versatile materials used in the construction industry. Extensive use of glass helps in creating a very hi-tech and modern look in buildings. The construction glass market was valued at a sum of USD 45.04 billion. For the ongoing forecast period, the market is expected to attain a global CAGR of 6.15% and hence, help the market to reach a final market value worth USD 66.83 billion by the end of the period in 2028.
Construction Glass Market is the dominating material in modern day architecture which places optical emphases and provides for numerous technical functions. Glass industry offers glazing with individual technical features that can be used for heat, solar, or sound protection, as design components, safety glass, or as a part of solar systems. The main focus in building is usually on saving energy, especially in these challenging times of increasing prices for energy and raw materials. The strong differentiation between the technical functions in turn makes individual consultation even more important.
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Increase in adoption of energy-saving products with new infrastructural and construction projects in the developed and developing regions has supplemented the market growth of low-e glass market. In addition, construction glass helps to increase the influx of natural light in the building and meets the need of energy-efficient temperature management. However, high costs associated with raw materials and economic downturn restrain the market growth.
Construction glass is used extensively in residential and non-residential buildings. Non-residential construction segment accounted for the largest share of more than 64% in 2015, owing to increase in construction activities of green buildings and various government regulations related to energy-efficient buildings. In addition, new buildings, educational institutes, and industrial buildings have started using solar control low-e glass, which fuelled the market growth.
Global Construction Glass market is growing with the rapid pace; mainly due to advancement in technologies. According to a recent study report published by the Market Research Future, The global market of Construction Glass is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2028, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2021 – 2028).
However, the price of Construction Glass is relatively higher than their counterpart of petroleum-based ones. This can pull back the expected growth rate of the Construction Glass Market for the review period considerably. But its growing popularity can provide a way out for the market from plummets in the coming days.
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Construction Glass Market - Segments:
Global Construction Glass Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Type: Flat Glass, and Special Glass
Segmentation by Application: Commercial, Residential, and others
Segmentation by Regions: Comprises regions - North America, Europe, APAC and Rest of the World.
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Construction Glass Market - Regional Analysis:
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analysed under this research report include North America, Europe, Asia Pacific and ROW. Asia Pacific accounted for the maximum market for Construction Glass. Demand for construction glass is projected to rise significantly during the forecast period due to ever-increasing demand for better and economical raw materials from the construction industry. Stringent government regulations related to energy efficiency and infrastructural developments. Moreover, increased adoption of construction glass in developing countries such as India, Thailand, and Malaysia supplemented the market growth.
Industry/ Innovation/ Related News:
In 2017, PPG agreed with Nippon Electric Glass for sale of remaining fiberglass operations
In 2016, PPG agreed with Vitro for sale of flat glass operations
February 27, 2017, Saint-Gobain’s flat glass segment increased sales by 6.5 percent in 2016, according to the company’s latest financial release.
Dec 6, 2016, French group Saint-Gobain takes over Romania's Pietta Glass Working
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