Building & Construction Glass Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Glass is a versatile material widely used in the construction industry due to its moldability and ability to allow natural light into buildings. Its application helps in reducing energy consumption and carbon emissions, making it suitable for green city projects and infrastructure preservation/modernization. The building & construction glass market is expected to experience significant growth driven by factors such as increased investment in the construction industry, technical breakthroughs in infrastructure development, and the need for eco-friendly construction techniques. The market also benefits from the growing demand for better infrastructure facilities due to rising disposable income in middle-class populations.
Flourishing Construction Industry Stimulates Market Growth:
The global construction industry, particularly the residential and commercial sectors, has witnessed increased investment. The industry is also adopting eco-friendly construction techniques to combat global warming. Glass, with its recyclability properties, is increasingly being used across the construction sector. Additionally, improved socioeconomic conditions in developing economies have led to increased government investment in public infrastructure, creating growth opportunities in the building & construction glass market.
Low-E Glass Applications Fuel Market Growth:
Low-E glass, known for its thermal insulation properties, is in high demand for temperature regulation in commercial sectors, including manufacturing facilities and automotive applications. Its ability to absorb and emit heat radiation helps maintain desired room temperatures. The demand for Low-E glass in the construction industry is on the rise, contributing to the expansion of the building & construction glass market.
Asia Pacific Sustains Dominance in the Market:
Asia Pacific is expected to hold a significant share in the global building & construction glass market due to rapid industrialization and urbanization. Developing economies in the region are witnessing increased adoption of building glass in various industries and commercial spaces such as offices, malls, and manufacturing plants. The Indian market, in particular, is experiencing a rise in the number of glass manufacturers, supported by favorable government incentives.
Leading Players in the Building & Construction Glass Market:Major players in the global building & construction glass market include Saint-Gobain, AGC Glass, Asahi India Glass Limited, S.A. BENDHEIM CO. INC, Central Glass Co. Ltd., Schott AG, PPG Industries Limited, Sejal Glass Ltd., DB Glass, Sisecam Group, RHI Magnesita GmbH, Fuso Glass India Pvt. Ltd., Central Glass Co. Ltd., CSG Holding Ltd., Guardian Industries, Nippon Sheet Glass Co. Ltd., JE Berkowitz, Bendheim, AGNORA, Gulf Glass Industries Co. LLC., and Holdings Limited.
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