Market research predicts 6.9% growth for Construction Glass Market
Construction Glass Market is valued at USD 95.29 Billion in 2018 and expected to reach USD 152.01 Billion by 2025 with the CAGR of 6.9% over the forecast period.
Increasing development of the construction industry is key impacting factors driving the growth of the global construction glass market.
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Scope of the Construction Glass Market Report:
Construction glass is a translucent coating material utilized for glass windows, glass doors and transparent walls. The glass possesses properties like thermal insulation, water proofing, and energy conservation, thus making it a viable option as a artifact in construction businesses. Also, glass is used for internal partitions and as an architectural feature. In addition, glass is usually of a security type, when utilized in buildings, which incorporates reinforced, toughened and laminated glasses. There are various types of glass used in construction industry such as solar control glass, self-cleaning glass, thermal insulating glazing glass, anti-reflective glass, and sound reducing glass which are also used in in residential and nonresidential buildings.
Key Players Construction Glass-
Construction glass market report covers prominent players are Central Glass Co. Ltd., Asahi Glass, Guardian Industries, Xinyi Glass Holdings Limited. Nippon Sheet, China Glass Holdings Limited, Glass (NSG), PPG Industries, Saint-Gobain, Schott AG, Sisecam Group and Others.
Construction glass market report is segmented on the basis of type, manufacturing process, chemical composition, and end-user and by regional & country level. Based upon type, construction glass market is classified into low-e glass and special glass. On the basis of low-e glass, construction glass market is sub-classified into soft coat low-e glass, hard coat low-e glass and solar control low-e glass. On the basis of special glass, construction glass market is sub-classified into flat glass, toughened glass, laminated glass and others (mirrored glass, annealed glass, and patterned glass). Based upon manufacturing process, construction glass market is classified into float process and rolled/sheet process. Based upon chemical composition, construction glass market is classified into potash-lime glass, potash-lead glass and soda-lime glass. Based upon end user, construction glass market is classified into residential, commercial and others.
The regions covered in this construction glass market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of construction glass is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
New Glass-Ceramic Competence Center inaugurated - SCHOTT invests EUR 30 million in Mainz
News: Nov 22, 2019 –SCHOTT, a specialty glass manufacturer introduced new CNC competence center for its glass-ceramic ZERODUR in Mainz, Germany. Glass-ceramic components processed in accordance with individual customer specifications at the new production facility by using electronically controlled CNC machines. The investment amounts to more than EUR 30 million. Up to 70 highly qualified specialists employed here. It has been considered to be the best substrate material for astronomical reflector telescopes for five decades and it is also a pivotal material in aircraft navigation equipment, chip manufacturing, production of flat panel displays and precision metrology. The most spectacular application example for the glass-ceramic developed by SCHOTT is currently the Extremely Large Telescope (ELT) in Chile, which received a primary mirror 39 meters in diameter.
Construction Glass Market Segmentation –
By Type:-
Low-E Glass
By Chemical Composition:-
Potash-Lime Glass, Potash-Lead Glass, Soda-Lime Glass
By End-users:-
Residential, Commercial, Others
Construction Glass Market Dynamics –
Increasing development of the construction industry is the key impacting factor driving the growth of the global construction glass market. The glass increases the inflow of the natural light in the building and it is the most profitable alternative for most of the traditional building materials like brick, wood, and polycarbonate. According to the FMI, 2% increases (USD44 billion) in U.S. healthcare construction spending in 2019. Moreover, rise in investment in the global construction sector, specifically in the residential and commercial sector, growing population and urbanization, these factors will increases the market growth in forecast period. According to the Our World in Data, more than 4 billion people live in urban areas across the globe. However, high cost with limited resources of raw materials will hamper the development of construction glass market. However, innovative technology in domestic sectors and the increasing investment in research and development are expected to boost the opportunity for the growth of construction glass market.
Construction Glass Market Regional Analysis –
North America is dominating the construction glass market with the highest share due to rising awareness among the people about advanced development in glass, rapid economic recovery, growth in population & urbanization and increase in government efforts to enhance residential & public infrastructure. Presence of new builder in construction with quality, comfort, and energy efficiency for homes, these factors are expected to contribute to the regional growth in the forecast period. According to the Our World in Data, UN estimates therefore report that 54 percent of people in the world lived in urban areas in 2016 and United Nation projected that 68 % of the world’s population will live in urban areas by 2050.
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