Construction Glass Market Share Sales, Production, And Cost Forecasting
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.
Major types of construction glass products included in the report are Low-E glass and special glass. Special glass constituted the highest market share over 69% in 2015 and is estimated to reach $83,093 million by 2022, growing at a CAGR of 6.8% from 2016 to 2022.
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This is attributed to enhanced features such as safety of home from external environmental hazards such as protection from UV rays and noise pollution. Low-e glass is estimated to reach $38,784 million by 2022, registering a CAGR of 7.8%.
Asia-Pacific accounted for the maximum market share in 2015, and is expected to maintain its lead throughout the forecast period. This is attributed to stringent government regulations related to energy efficiency and infrastructural developments. Moreover, increased adoption of construction glass in developing countries such as India, Thailand, and Malaysia supplemented the market growth.
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Key Findings of the Construction Glass Market:
o In 2015, special glass accounted for the maximum revenue, and is projected to grow at a CAGR of 6.8% during the forecast period.
o Nonresidential application segment is expected to grow at a highest CAGR of 7.4% during the forecast period.
o China is the major shareholder in the Asia-Pacific construction glass market, accounting for around 44% share in 2015.
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.
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