The global construction glass market is anticipated to grow at 7% CAGR between 2023 and 2033 to reach valuation of US$ 103.6 Billion by 2033.The market surpassed US$ 52.7 Billion in 2023.
Glass can transmit daylight and stay unaffected by weather. Furthermore, color of a glass does not get affected by changes in the environment. As a result, it looks visually pleasing for a longer time.
Construction glass is not only recyclable, but it can also be shaped and reused numerous times. As a result, glass has emerged as a cost-effective alternative for various materials used in construction sector. Furthermore, environmentally concerned customers are choosing glasses that have passed sustainable production procedures. This is expected to bode well for the market.
The European Bank for Reconstruction and Development (EBRD) has sponsored 200 big projects totaling US$ 20 billion in green buildings under the Green Economy Transition (GET) strategy. Coupled with rising investment, the demand for energy-efficient construction glasses has also been aided by the implementation of favorable government legislation.
The need for building construction glass is being driven by urbanization and demand from residential and commercial sectors. The increasing demand for lighter, stronger, and more energy-efficient construction glasses will continue to drive construction glasses production. The building sector will also remain a profitable market for glass producers.
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"With the advent of modern glazing solutions, consumers are choosing construction glasses that are energy efficient, improve flood of natural light while helping in the reduction of energy usage. In addition to this, developments such as self-cleaning glass, insulated glazing glass, sound-reducing glass, and sun control glass will drive the market," said a Fact.MR analyst.
Competitive Landscape:
Key players are focusing on investment and key strategies to increase market revenue. For instance,
In July 2021, AGC Glass Company Inc, a leading major participant has agreed to buy a manufacturing facility in Longmont, Colorado, from Novartis Gene Therapies.
In January 2019, another key player, Saint Gobain opened third-floor glass plant at world glass complex Sriperumbudur.
Key companies profiled in the global construction glass market include:
- China Glass Holdings
- Saint Gobain
- PPG Industries
- Corning International
- AGC Co
- Kyocera Co
- Nippon Sheet Glass Co., Ltd.
- Fuyao Glass Industry Group
- Guardian Industries
- Vitro Glass
Key Questions Covered in the Global Construction Glass Market Report:
- The report offers insight into construction glass demand outlook for 2021-2031
- The market study also highlights projected sales growth of construction glass market between 2021 and 2031
- Construction glass sales survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Construction glass market share analysis of the key companies within the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, and others
