Home / Chemicals & Materials / Construction Glass Market
Construction Glass Market Size, Share, and Industry Analysis, By Type (Tempered, Laminated, and Insulated), By Application (Residential and Non-residential), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI110099 | Status : UpcomingConstruction glass is a glass that is used as a structural component of building construction. It is used for several purposes, including windows, doors, façade, patio covers, railings, sunrooms, and partitions. The transparency offered by the glass is the key factor determining its purpose of application. The rising awareness about the need for energy efficiency in the building and construction industry is anticipated to fuel the market growth in the near future.
The rising population across the globe, coupled with urbanization pushed by the growing industrialization in the developing economies of the globe, is anticipated to drive market growth. Glass offers protection from UV rays and noise pollution, driving its demand from residential as well as non-residential sectors. Further, the aesthetic appeal provided by glass to buildings is driving demand from the residential sector, which is experiencing a significant growth rate.
- In 2021, The U.S. Government came up with the Bipartisan Infrastructure Law. Under that law, the government has kept a target of spending around USD 1.2 trillion to fund infrastructure projects, which includes a range of civil construction projects across the country.
The building and construction industry is witnessing a higher demand for glass owing to rising green building practices and an emphasis on energy efficiency and recyclability of glass. Different types of glass are used in construction for different purposes. For instance, insulated glass is used for glass facades of high-rise structures, commercial curtain walls, skylights, overhead and sloped glazing, and canopies.
- According to the U.S. Census Bureau, the annual value of residential construction put in place in the U.S. increased from USD 644,257 million in 2020 to USD 802,933 million in 2021.
Segmentation
By Type | By Application | By Geography |
|
|
|
Key Insights
The report covers the following key insights:
- Key Emerging Trends – For Major Regions
- Key Developments: Mergers, Acquisitions, and Partnerships
- Latest Technological Advancements
- Insights on Sustainability
- Porters Five Forces Analysis
- Impact of COVID-19 on the Market
Analysis by Type
By type, the market is segmented into tempered, laminated, and insulated. The insulated glass segment holds a dominant share of the global construction glass market. Insulated glass minimizes heat transfer and reduces the electricity needed to heat or cool the place, thereby offering energy efficiency. Rising regulations and standards for improving the energy efficiency of the building and construction industry are anticipated to drive the demand for insulated glass.
Analysis by Application
By application, , the market is segmented into residential and non-residential. The residential segment holds a significant share of the global construction glass market. Glass is used for several purposes in residential applications, including for doors, windows, partitions, sunrooms, and patio covers. Durability, eco-friendliness, and aesthetic appeal offered by the glass promote its application in the exterior parts of residential buildings. Increasing consumer spending in the developing economies of the region is driving the growth of residential constructions, positively impacting the construction glass market growth.
Regional Analysis
The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific holds a significant share of the global construction glass market. The region is home to the largest population in the world and is witnessing a rising demand for residential construction. The governments of different countries in the region are providing support for affordable housing, positively impacting the market growth. Further, the rising industrialization and urbanization in the region are driving the demand for construction glass for residential as well as non-residential applications.
Top exporters of building materials in the year 2022,
- China – USD 7.2 billion
- Italy – USD 5.2 billion
- Spain – USD 4.2 billion
- India – USD 1.8 billion
The major construction glass market consumers by region are China, Japan, and India in Asia Pacific; the U.S. & Canada in North America; Germany and France in Europe; and Saudi Arabia and UAE in the Middle East.
- According to the Institution of Civil Engineers, the volume of construction output across the globe is forecasted to grow by 85%, accounting for revenue of USD 15.5 trillion in the upcoming decade, led by emerging economies, such as China and India and developed countries, such as the U.S.
Key Players Covered
The report includes the profiles of key players, such as AGC Inc., NSG Group, Guardian Industries, Saint-Gobain, Sisecam, SCHOTT AG, Vitro, China Glass Holding Limited, Central Glass Co. Ltd., Xinyi Glass Holding Limited, and Asahi India Glass Limited.
Key Industry Developments
- In October 2023, NSG Pilkington launched a new product, Pilkington Mirai. The newly launched product can be used as an alternative to traditional float glass. The product offers the same visual appearance, quality, and performance as conventional float glass.
- In June 2022, Saint Gobain launched a new product, MIRASTAR REFLECT. The product has a high reflectivity and opacity and offers 55% Light Reflection and 0.1%Light Transmission. It provides high durability even in highly humid environments.
- Global
- 2023
- 2019-2022