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Construction Glass Market: Demand, Growth Challenges, Industry Analysis And Forecasts To 2033

Construction Glass Market

Construction Glass Market

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Construction Glass Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $94.08 billion In 2028 At A CAGR Of 20.7% :

The construction glass market size has grown strongly in recent years. It will grow from $113.58 billion in 2023 to $123.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to urbanization and infrastructure development, energy efficiency regulations, population growth and housing demand, government initiatives for green buildings, safety and security requirements, global economic trends, increased renovation and retrofit activities.

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.

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Construction Glass Market Major 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 Driver - 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.

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Prominent Trend - 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.

Construction Glass Market Players
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

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/construction-glass-global-market-report

Largest And Fastest Growing Region In The Market
Asia Pacific was the largest region in the construction glass market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the construction glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Construction Glass Market Report Structure
3. Construction Glass Market Trends And Strategies
4. Construction Glass Market - Macro Economic Scenario
5. Construction Glass Market Size And Growth
…..
27. 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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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