Press release
Increase In The Building Construction Industry: Strengthening the Growth Trajectory of the Construction Glass Market
Construction Glass Market
What Is the Expected CAGR for the Construction Glass Market Through 2025?
The size of the construction glass market has experienced significant growth in the past few years. The market is projected to escalate from $121.49 billion in 2024 to $129.93 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.9%. The driving factors behind this historic growth include urbanization and infrastructure advancements, energy conservation regulations, population increase and housing necessities, governmental efforts towards eco-friendly construction, safety and protection regulations, worldwide economic patterns, and a surge in renovation and retrofit endeavors.
What's the Projected Size of the Global Construction Glass Market by 2029?
In the ensuing years, the construction glass market is projected to experience robust growth, ballooning to $176.67 billion by 2029 with an 8.0% compound annual growth rate (CAGR). This growth in the forecasted period is linked to the persistent focus on sustainable construction, adherence to circular economy concepts, demand for antibacterial glass solutions, the rise of prefabricated construction techniques, development of smart cities and infrastructure, the advent of carbon-neutral construction materials, and need for fire-resistant glass solutions. Key trends in this outlook period encompass green building and sustainability, the advancement of smart glass technology, novel developments in coatings, a heightened utilization of laminated glass, supply chain hurdles, and architectural trends.
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Top Growth Drivers in the Construction Glass Industry: What's Accelerating the Market?
Growth in the building construction industry is predicted to stimulate the expansion of the construction glass market. Building construction involves minor enhancements to a property, such as the addition of living spaces or bathroom refurbishments, which often incorporate the use of glasses for structure and design purposes. Therefore, a rise in building construction leads to an escalated demand for construction glasses. For example, in June 2022, Statistics Canada, the national statistical agency in Canada, reported a 2.7% increase in investments in building construction, amounting to $20.9 billion. Additionally, industrial construction investments experienced a growth of 1.7%, reaching $931 million within the same year, primarily driven by activities in Ontario. Furthermore, there was a year on year increase of 1.5% in commercial investment, totaling $2.9 billion in 2022. As such, the escalating growth in the building construction sector plays a major role in propelling the construction glass market.
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What Trends Will Shape the Construction Glass Market Through 2029 and Beyond?
In order to adapt to the rising demand for sustainable materials and lessen the environmental effect of building resources, leading firms within the construction glass market are creating innovative products, such as low-carbon glass. This particular kind of glass is engineered to minimize its carbon emissions during both its production phase and usage. As an illustration, in June 2023, Saint-Gobain, a French company that is involved in the design, production, and distribution of materials and solutions for construction, mobility, and industrial sectors, introduced their version of low-carbon glass. This product aspires to make a substantial contribution towards reducing the overall carbon footprint of building structures, whilst offering perks like natural light and thermal comfort to its occupants. Innovative production techniques involving two-thirds of recycled materials and renewable energy sources such as natural gas and electricity are used in creating this product.
What Are the Main Segments in the Construction Glass Market?
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
Subsegments:
1) By Special Glass: Laminated Glass, Tempered Glass, Bulletproof Glass, Decorative Glass
2) By Low-E Glass: Soft Coat Low-E Glass, Hard Coat Low-E Glass
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Which Top Companies are Driving Growth in the Construction Glass Market?
Major companies operating in the construction glass market 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
Which Regions Will Dominate the Construction Glass Market Through 2029?
Asia Pacific was the largest region in the construction glass market in 2024 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.
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