Press release
Construction Glass Market Size, Outlook, Size, Share, Demand 2024-2033 |
Construction Glass Market
The construction glass market size is expected to see strong growth in the next few years. It will grow to $166.87 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to continued emphasis on sustainable construction, focus on circular economy principles, demand for antibacterial glass solutions, rise of prefabricated construction methods, smart cities and infrastructure development, emergence of carbon-neutral construction materials, demand for fire-resistant glass solutions. Major trends in the forecast period include green building and sustainability, smart glass technology, innovations in coatings, increased use of laminated glass, supply chain challenges, architectural trends.
Market Overview -
Construction glass refers to a solid material created by heating ordinary sand until it becomes a liquid and then cooling it. It might be clear, translucent, or brittle.
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Increase In The Building Construction Industry
The increase in the building construction industry is expected to propel the growth of the construction glass market going forward. Building construction refers to the procedure of adding structure to a property with minor upgrades, such as room additions or restroom repairs. Glasses are used in engineering for building and architectural applications; as a result, increasing building construction increases the demand for construction glasses. For instance, in June 2022, according to Statistics Canada, a Canada-based national statistical agency, investment in building construction climbed by 2.7% to $20.9 billion. Further, industrial construction investment grew 1.7% to $931 million in the same year, with Ontario accounting for most of the net rise. Commercial investment increased by 1.5% year over year to $2.9 billion in 2022. Therefore, an increase in the building construction industry is driving the growth of the construction glass market.
Competitive Landscape -
Major companies operating in the construction glass market report are AGC Inc., Guardian Industries, Nippon Sheet Glass Co. Ltd., AJJ Glass Ltd., CSG Holding Co. Ltd., Fuyao Glass Industry Group Co. Ltd., GreyGlass Ltd., GSC Glass Ltd., Luoyang Glass Company Limited, Nippon Electric Glass Co. Ltd., NSG Group Ltd., Pilkington, PPG Industries Inc., Schott AG, Vitro Architectural Glass, Vitrum Industries Ltd., Xinyi Glass Holdings Ltd., Corning Incorporated, Owens Corning, SYP Glass Group Co. Ltd., S.A. Bendheim Ltd., Central Glass Co. Ltd., Saint-Gobain SA, JE Berkowitz LP, Architectural Glass North America, Advanced Energy Industries Inc., Cardinal Glass Industries Inc., Oldcastle BuildingEnvelope, Euroglas GmbH, Pilkington Group Limited
Introduction Of Construction Glass Products With Advanced Technologies
Technological advancements are a key trend gaining popularity in the construction glass market. Major players operating in the market are developing products with advanced technologies to sustain their position in the construction glass market, such as NSG Purity. For instance, in June 2021, Nippon Sheet Glass Co. Ltd., a Japan-based glass manufacturing company, launched NSG Purity. This product represents the development of new technology and the introduction of newly developed antibacterial and antiviral-coated glass in response to rising interest in antiviral materials in the context of the worldwide pandemic. The new antibacterial and antiviral coated glass, NSG Purity, is based on the Group's exclusive sol-gel technology.
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Key Segments -
The construction glass market covered in this report is segmented -
1) By Product Type: Special Glass, Low-E Glass
2) By Chemical Composition: Soda-Lime, Potash-Lime, Potash-Lead
3) By Manufacturing Process: Float Process, Rolled Or Sheet Process
4) By Application: Non-Residential, Residential
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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