Press release
Building and Construction Glass Market: An Overview of Growth Rate, Key Drivers, and Trends
Building and Construction Glass Market
What Is The Projected Market Size Of The Global Building and Construction Glass Market And Its Growth Rate?
The building and construction glass market is poised for strong growth in the coming years, supported by various market dynamics:
- 2024 Market Size: $113.18 billion
- 2025 Market Size: $122.81 billion (CAGR of 8.5%)
- 2029 Forecasted Market Size: $172.22 billion (CAGR of 8.8%)
This growth is mainly fueled by factors such as urbanization, population growth, architectural trends, energy efficiency concerns, economic conditions, and globalization of trade.
What Is Driving The Growth In The Building and Construction Glass Market?
The building and construction glass market growth is primarily driven by the growing focus on green buildings. Green building involves designing and constructing buildings in an environment-friendly manner, focusing on sustainable materials, energy efficiency, indoor air quality improvement, waste minimization, and pollution reduction. Building and construction glasses play an important role by offering energy-efficient solutions that help reduce energy consumption and costs. For example, residential buildings in Canada contribute to 47% of emissions from the buildings sector (excluding electricity). Around 54% of homes rely on fossil fuels for space heating, while 44% utilize electric-powered equipment. Hence, the development of green buildings will drive the market going forward.
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Who Are the Key Players Driving Building and Construction Glass Market Growth?
Major market players include:
- 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.
- Dellner Glass Solutions
What Are The Key Trends In The Building and Construction Glass Market?
The market is witnessing trends such as:
- Innovations in glass technology
- Smart building technologies
- Rising popularity of specialty glass
- Use of sustainable and recyclable materials
- BIM (building information modeling) integration
What Are The Segments Of The Global Building and Construction Glass Market?
The market can be segmented into:
- Low-E Glass, Special Glass (by type)
- Float Glass Process, Rolled Or Sheet Process (by manufacturing process)
- Soda-Lime, Potash-Lime, Potash-Lead (by chemical composition)
- Residential, Non-Residential (by application)
Which Region Leads The Building and Construction Glass Market?
Asia-Pacific was the largest region in the building and construction glass market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Building and Construction Glass Market Global Market Report?
- Market Size Analysis: Analyze the Building and Construction Glass Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Building and Construction Glass Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Building and Construction Glass Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Building and Construction Glass Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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