According to the latest report by IMARC Group, title “construction glass market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global construction glass market reached a value of US$ 96.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 142.15 Billion by 2027 exhibiting a CAGR of 6.30% during 2022-2027.
Construction glass refers to a translucent, solid glazing material commonly used in numerous structural applications in buildings. Some commonly available construction glass includes laminated, float, sheet, chromatic, tinted, wired, shatterproof, and toughened glass. It is widely used for external walls, doors, and windows. It has excellent thermal insulation, superior workability, recyclability, and resistance to electricity, chemicals, and water. As a result, construction glass is gaining immense traction as a sustainable alternative to traditional building materials, including wood, bricks, and polycarbonate, due to its lightweight, high strength, cost-effectiveness, and environmental friendliness.
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Construction Glass Market Trends:
The global construction glass market is primarily driven by the increasing residential, commercial, and industrial construction activities. Moreover, the rising demand for sustainable construction due to the expanding middle-class population with high disposable incomes is positively influencing the market growth. Additionally, the surging investments in the renovation or modernization of the existing infrastructure is another major growth-inducing factor. Besides this, favorable initiatives by governments of numerous countries to promote green construction to reduce energy consumption and greenhouse gas (GHG) emissions are contributing to market growth. Furthermore, the launch of innovative construction glass by key players to expand their product portfolio and gain a competitive edge has catalyzed market growth. Other factors, including ongoing research and development (R&D) activities, shifting consumer preferences toward quality interiors, and rapid urbanization and industrialization, are also anticipated to propel the market growth.
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Special Glass
o Flat Glass
o Laminated Glass
o Toughened Glass
o Others - Low-e Glass
o Hard Coat Low-e Glass
o 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 Geography:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are 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., Nippon Sheet Glass Co. Ltd., PPG Industries Inc., Schott AG, Sisecam and Xinyi Glass Holdings Limited.
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