Press release
Glass Façade Market Growth, Growth Demand, Size, Key Drivers, Forecast To 2033
Glass Façade Market Size
As per the report, the glass façade market size has grown steadily in recent years. It will grow from $167.25 billion in 2023 to $174.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The glass façade market size is expected to see steady growth in the next few years. It will grow to $210.52 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%.
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Increasing Construction Investments Driving Growth In The Glass Façade Market
Increasing investments in construction activities are a major factor contributing to the growth of the market. The increasing penetration of glass-based architecture in residential and non-residential applications helps in bringing daylight for a longer period, saving on the cost of external lighting. For instance, in India, the total expenditure on the Ministry of Housing and Urban Affairs for 2021-22 is estimated at Rs 54,581 crore ($718.03 million). This is an annual increase of 14% over the actual expenditure for 2019-20. So, the increasing investments in construction, which fuel the demand for glass facades, are driving the glass facade market.
Smart Glass Innovations Transforming The Glass Façade Market
New technological advancements are gaining popularity in the glass facade market. These include technologies such as smart windows, which is an electrochromic glass that can, under a low-voltage current, change its tint and reflective properties depending on the external temperature. The innumerable sensors installed in the glass are sensitive to the sunlight falling on the exterior face and the occupancy of the room inside. The glass then employs combinatorial logic and decides what mode each pane of glass should be in, based on its position and direction. The possible modes are Glare Mode, Daylight Mode, Clear Mode, and Tinted Mode. For instance, sageglass from Saint-Gobain, a France-based company, provides smart glasses that save energy by lowering electricity consumption.
The glass façade market covered in this report is segmented -
1) By Product: Tempered, Insulated, Laminated, Other Products
2) By Shape: Flat Tempered Glass, Bent Tempered Glass
3) By Application: Residential, Non-Residential
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Major companies operating in the glass façade market include Saint-Gobain SA, AGC Inc., Guardian Industries, Nippon Sheet Glass Co. Ltd., Sisecam Group, Kawneer Company Inc., YKK AP Inc., Rockwool International A/S, EOS Framing Limited, Harmon Inc., Xinyi Glass Holdings Limited, Schüco International KG, Asahi India Glass Limited, Enclos Corp., Permasteelisa S.p.A., Walters & Wolf LLC, Jinjiu Sci-Tech New Material Co., Rautaruukki Corporation, Hansen Group Inc., Rock Panel Group, Enterprise Francis Bouygues, Apple Inc., Hochstein International Trading Private Limited, Guardian Industries Corp., AGC Glass Europe, Pilkington Group Limited, Central Glass Co. Ltd., Euroglas GmbH, Fuyao Glass Industry Group Co. Ltd., China Glass Holdings Limited, Taiwan Glass Ind. Corp., Vitro S.A.B. de C.V., PPG Industries Inc.
Contents of the report:
1. Executive Summary
2. Glass Façade Market Report Structure
3. Glass Façade Market Trends And Strategies
4. Glass Façade Market - Macro Economic Scenario
5. Glass Façade Market Size And Growth
…..
27. Glass Façade Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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