Construction Glass Market to Escalate with a Remarkable Pace by

Construction Glass Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $121,877 Million by 2022, registering a CAGR of 7.1% during the period 2016-2022. Asia-Pacific generated the highest revenue in 2015, and is expected to maintain its lead, followed by Europe and North America.

Access Full Summary at: https://www.alliedmarketresearch.com/construction-glass-market

Construction glass possesses numerous physical and chemical properties such as electric resistance, chemical resistance, and flexibility in molding, and is unaffected to changes in climatic conditions, thus, fueling the growth of the construction glass market.

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. Low-emissivity property of glass is used in advanced glazing solutions to significantly reduce the need of heating and cooling in the buildings, consequently reducing energy consumption and associated CO2 emissions. However, high costs associated with raw materials and economic downturn restrain the market growth.

Development of the construction industry is expected to have a significant impact on the growth of the global construction glass market. Introduction of various innovations in the construction glass industry such as solar control glass, self-cleaning glass, thermal insulating glazing glass, anti-reflective glass, and sound reducing glass is expected to contribute to the adoption of construction glass products in residential and nonresidential buildings. Increased investment in the global construction sector, specifically in the residential and commercial sector, boosts the market growth. However, high cost of raw materials and economic downturn are the major factors that restrain the growth of the market.

Key Findings of the Construction Glass Market:
• In 2015, special glass accounted for the maximum revenue, and is projected to grow at a CAGR of 6.8% during the forecast period.
• Nonresidential application segment is expected to grow at a highest CAGR of 7.4% during the forecast period.
• China is the major shareholder in the Asia-Pacific construction glass market, accounting for around 44% share in 2015.
• In 2015, soda-lime glass accounted for the highest market share, accounting for over 89%, and is projected to grow at a CAGR of 7.0% during the forecast period.
• U.S. possessed the largest customer base in North America construction glass market in 2015, and is anticipated to dominate the market throughout the forecast period.

The key players profiled in the global construction glass industry have focused to expand their business operations in the emerging countries by adopting various strategies including R&D, product launch, and acquisition & merger to strengthen their position in the market. For example, Gulf Construction Company launched glass toughening film, for protection against violent weather, accidental glass shattering, and glass-related injuries. The major players profiled in this report include Compagnie de Saint-Gobain S.A., Asahi Glass Co. Ltd., PPG Industries, Inc., Nippon Sheet Glass Co. Ltd., Xinyl Glass Holdings Limited., Central Glass Co., Ltd., China Glass Holdings Limited, Guardian Industries Corp., Schott AG, and Sisecam Group.

About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:
5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285

This release was published on openPR.