Press release
Commercial Sector Fuels Growth in Construction Glass Market with Increased High-rise buildings Projects
Construction Glass Market Growth
Construction glass is increasingly favored over traditional building materials like bricks, wood, and polycarbonate due to its superior strength, cost-effectiveness, environmental friendliness, and energy efficiency. The material's ability to transmit up to 80% of natural light, coupled with its weather and chemical resistance, makes it an ideal choice for modern architectural designs. Notably, the rising popularity of green buildings, aimed at reducing carbon emissions, has further propelled the demand for construction glass, as it plays a pivotal role in enhancing aesthetics and improving thermal performance.
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Key Insights
In 2024, special glass dominated the market with a 60% value share, attributed to its widespread application in commercial and residential sectors for natural insulation and UV protection. The low-E glass segment is anticipated to grow faster, driven by its enhanced insulation properties and energy efficiency, making it a preferred choice among green building contractors and architects.
Soda lime glass emerged as the largest and fastest-growing chemical composition segment in 2024, expected to witness a CAGR of 6% over the forecast period. Its low cost, fabrication simplicity, and resistance to de-vitrification and water make it suitable for various applications, including windows, plate glass, and exteriors.
The float manufacturing process led the market in 2024 with a 65% share and is projected to register the highest CAGR during the forecast period. This process is favored for its chemical inertness, high light transmission, and versatility in producing glass in various colors and opacities, making it ideal for residential building windows.
The commercial application segment accounted for the largest market share in 2024 and is expected to record the highest CAGR of 6.5% during the forecast period. The increasing use of construction glass in high-rise buildings and infrastructure projects, such as Qiddiya and NEOM City in the U.A.E., underscores its growing significance in commercial architecture.
The Asia-Pacific (APAC) region held the largest value share of 40% in 2024 and is anticipated to exhibit the highest CAGR of 6% over the forecast period. Rapid industrialization, burgeoning construction activities in countries like India and China, and the rising demand for eco-friendly materials are key contributors to this growth. Notably, Saint-Gobain's investment of USD 67.5 million to establish a new float glass facility in Chennai, India, exemplifies the region's expanding market.
North America is projected to experience moderate growth, supported by factors such as limited mortgage rates, strong demand for larger living spaces, and significant government infrastructure investments. The resumption of delayed projects and increased focus on home refurbishment are expected to bolster the demand for construction glass in the region.
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The construction glass market is characterized by fragmentation, with numerous global, regional, and local players offering a diverse range of products. While large contractors undertaking mega projects often procure glass in bulk from global companies, individual contractors tend to source from local manufacturers.
Prominent companies operating in the market include Asahi India Glass Ltd., Guardian Industries Holdings Inc., Schott AG, Central Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Bendheim, Compagnie de Saint-Gobain S.A., Corning Incorporated, CARDINAL GLASS INDUSTRIES INC, VITRUM Glass Group, AGC Inc., Xinyi Glass Holdings Limited, China Glass Holdings Limited, and CSG Holding Co. Ltd.
Recent industry developments highlight the market's dynamic nature. In September 2024, AGC Inc. achieved the Cradle to Cradle Certified Bronze status for its coated and float glass products in the APAC region. In March 2024, Nippon Sheet Glass Co. Ltd. initiated a carbon capture pilot project at its flat glass manufacturing facility in Greengate, U.K. Additionally, in January 2023, Guardian Industries Holdings Inc. announced plans to acquire Vortex Glass to enhance its offerings of insulated and laminated glass capable of withstanding hurricanes in the Caribbean and Florida.
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