[FURL=https://www.industryarc.com/pdfdownload.php?id=15882]Construction Glass Market[/FURL] size is forecast to reach $163.56 billion by 2025 after growing at a CAGR of 7.3% during 2020-2025. Construction glass is one of the most widely used construction materials owing to its broad spectrum of properties. Construction glass is typically translucent glazing material used for external walls and windows. The growth of the market of construction glass is expected to be driven by the high demand from the building and construction industry.Key Takeaways
Asia-Pacific dominates the construction glass market owing to increasing demand from residential sector.
Advancements in the glass industry, and need for energy-efficient temperature management will drive the growth of market in the forecast period.
High prices of these construction glasses will hinder the growth of the market.
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Construction Glass Market Segment Analysis - By Geography
APAC dominates the construction glass market with a share of 40% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the advancements in the glass industry, and need for energy-efficient temperature management are the key factors that drive the construction glass market growth. Construction glass helps to increase the influx of natural light in the building. This property of glass is used in advanced glazing solutions to significantly reduce the need for heating and cooling in the buildings, consequently reducing energy consumption and associated CO2 emissions. In addition, advancements such as solar control glass, self-cleaning glass, sound-reducing glass, and insulated glazing glass have increased the demand for construction glass products in residential and non-residential constructions.
Construction Glass Market Drivers
Rise in the use of low-e glass reduces energy costs, will drive the growth of market
Security, safety, and environmental sustainability will drive the growth of market in the forecast period
Construction Glass Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the construction glass materials. In 2019 the market of construction glass has been consolidated by the top five players accounting for xx% of the share. Major players in the construction glass market are S.A. BENDHEIM, LTD., AGC Glass Company North America, Inc., SCHOTT AG, Central Glass Co. Ltd., PPG Industries, Inc., and Others.
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