Construction Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global construction glass market size reached US$ 103.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 149.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Construction glass refers to a solid, translucent glazing material widely used in various structural applications in buildings. Some commonly used construction glass includes laminated, shatterproof, float, sheet, chromatic, tinted, wired, and toughened glass. It is generally utilized for external walls, windows, and doors. Construction glass is transparent; resistant to electricity, chemicals and water; has excellent thermal insulation; and superior workability, and recyclability. As a result, in recent years, construction glass has gained traction as a sustainable alternative to traditional building materials, including wood, bricks, and polycarbonate (PC), due to its cost-effectiveness, lightweight, high strength, and environmental friendliness.
Construction Glass Market Trends:
Construction glass increases the influx of natural light in the building, reduces energy consumption, minimizes carbon emissions, and enhances the aesthetic appeal of structures. As a result, the rising construction activities across the residential, commercial and industrial sectors represent the primary factors driving the market growth. Besides this, the expanding middle-class population with high disposable incomes has catalyzed the demand for sustainable construction, which in turn, is accelerating the adoption of construction glass. Additionally, governments of various countries are taking several initiatives, such as introducing favorable policies and lucrative incentives, to promote green construction to minimize greenhouse emissions and energy consumption. Along with this, the increasing investments in the renovation or modernization of the existing infrastructure are propelling the market growth. Furthermore, the leading players are engaging in research and development (R&D) activities to launch innovative construction glass to expand their product portfolio and gain a competitive edge in the market. Other factors, including the growing need for energy-efficient temperature management, shifting consumer preferences toward quality interiors, rapid urbanization and industrialization, and advancements in the glass industry, are also creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global construction glass market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, chemical composition, manufacturing process and application.
Breakup by Product Type:
Special Glass
Flat Glass
Laminated Glass
Toughened Glass
Others
Low-e Glass
Hard Coat Low-e Glass
Soft Coat Low-e Glass
Breakup by Chemical Composition:
Soda-Lime
Potash-Lime
Potash-Lead
Breakup by Manufacturing Process:
Float Process
Rolled/Sheet Process
Breakup by Application:
Non-Residential
Residential
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Inc., Central Glass Co. Ltd., Compagnie de Saint-Gobain S.A., Corning Incorporated, CSG Holding Co. Ltd., Guardian Industries (Koch Industries Inc.), Nippon Electric Glass Co. Ltd., PPG Industries Inc., Schott AG, Sisecam and Xinyi Glass Holdings Limited.
Key Questions Answered in This Report
1. What was the size of the global construction glass market in 2022?
2. What is the expected growth rate of the global construction glass market during 2023-2028?
3. What are the key factors driving the global construction glass market?
4. What has been the impact of COVID-19 on the global construction glass market?
5. What is the breakup of the global construction glass market based on the product type?
6. What is the breakup of the global construction glass market based on the application?
7. What are the key regions in the global construction glass market?
8. Who are the key players/companies in the global construction glass market?
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