Press release
Building And Construction Glass Global Market Expected to Witness $156.83 Billion with Impressive Growth at a 8.1% CAGR By 2028 | AGC Inc., Guardian Industries, Schott AG, PPG Industries Inc., Euroglas GmbH
Building And Construction Glass Global Market
The Business Research Company offers in-depth market insights through Building and Construction Glass Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The building and construction glass market size has grown strongly in recent years. It will grow from $105.07 billion in 2023 to $114.75 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to urbanization and population growth, architectural trends, energy efficiency concerns, economic conditions, globalization and trade.
The building and construction glass market size is expected to see strong growth in the next few years. It will grow to $156.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to sustainable building practices, population density and urban development, stringent energy efficiency regulations, infrastructure development projects, global economic trends. Major trends in the forecast period include innovations in glass technology, smart building technologies, rising popularity of specialty glass, sustainable and recyclable materials, bim (building information modeling) integration.
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Market Segmentation:
The building and construction glass market covered in this report is segmented -
1) By Type: Low-E Glass, Special Glass
2) By Manufacturing Process: Float Glass Process, Rolled Or Sheet Process
3) By Chemical Composition: Soda-Lime, Potash-Lime, Potash-Lead
4) By Application: Residential, Non-Residential
Major Driver - Building And Construction Glass Market Thrives On The Growth Of Green Buildings
The development of green buildings is significantly contributing to the growth of the building and construction glass market going forward. Green building involves designing, constructing, and operating buildings in an environmentally responsible and resource-efficient manner, with a focus on using sustainable materials and resources, reducing energy and water usage, improving indoor air quality, and minimizing waste and pollution. Building and construction glass plays a significant role in green buildings by providing energy-efficient solutions that help reduce energy consumption and costs. For instance, in October 2022, according to an article published by the US Green Building Council (USGBC), a US-based non-profit organization that promotes sustainability in building design, construction, and operation, between 2017 and 2021, over 36,835 projects totaling 4.63 billion gross square feet received LEED certification. Over 5,000 new projects were certified in the first three quarters of 2022. The United States and Canada have the highest concentration of LEED-certified projects (74%), followed by East Asia (9%), and Europe (6%). Therefore, the development of green buildings will drive the building and construction glass market.
Competitive Landscape:
Major companies operating in the building and construction glass market report are AGC Inc., Central Glass Co. Ltd., Guardian Industries, Nippon Sheet Glass Co. Ltd., PPG Industries Inc., Compagnie de Saint-Gobain S.A., Schott AG , China Glass Holdings Ltd., Xinyl Gas Holdings Limited, Dellner Glass Solutions, Fuyaogroup.com, Guangzhou Topo Glass Co. Ltd., arcon Flach- und Sicherheitsglas GmbH and Co. KG, Beijing Northglass Technologies Co. Ltd., Cardinal Glass Industries Inc., Asahi India Glass Limited, Sisecam, Euroglas GmbH, GSC Glass Private Limited, HNG Float Glass Limited, Jinjing Group Co. Ltd., KIBING Group, Luoyang Glass Company Limited, Shanghai Yaohua Pilkington Glass Group Co. Ltd., Taiwan Glass Industry Corporation, Vitro, S.A.B. de C.V., China Yaohua Glass Group Co. Ltd., Fuso Glass India Pvt. Ltd., Glaston Corporation, Oldcastle BuildingEnvelope, Sangalli Group
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Top Trend - Elevating Building Efficiency With Product Innovations
Product innovations are a key trend gaining popularity in the building and construction glass market. Major companies operating in the building and construction glass market are focused on developing new technological solutions to strengthen their position. For instance, in February 2021, Vitro Architectural Glass, a Mexico-based glass manufacturing company, launched Solarban R77 a new low-emissivity (low-e) glass technology that provides both solar control and a pleasing silver-blue aesthetic. The glass has a magnetron-sputtered vacuum deposition coating and provides a solar heat gain coefficient of 0.25 and visible light transmittance of 47% in a clear 1-inch insulating glass unit. This product is designed to offer a pleasing appearance while satisfying increasingly strict building code mandates.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Building and Construction Glass Market Characteristics
3. Building and Construction Glass Market Trends And Strategies
4. Building and Construction Glass Market - Macro Economic Scenario
5. Building and Construction Glass Market Size And Growth
…..
27. Building and Construction Glass Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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