Global Construction Glass Market- Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025

 

The advancements in construction glasses, such as the introduction of the solar control glass, self-cleaning glass, and insulated glazing glass have been increasing the demand for construction glass across the commercial application.

Description

Global Construction Glass Market: by Type (Low-E Glass and Special Glass), by Application (Residential and Commercial), by Chemical Composition (Soda-Lime Glass, Potash-Lime Glass, and Potash-Lead Glass), by Manufacturing Process (Float Glass Process and Rolled/Sheet Glass) and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025

The construction glass market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the construction glass industry.

 

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Construction Glass Market Industry Overview:   

The construction glass market size was valued at USD 118.4 billion in 2019, which is expected to reach USD 132.6 billion by 2025, registering a CAGR of 10.3 % during the forecast period (2020-2025). Construction glass is referred to a translucent coating material that is widely used in building construction. Glass doors, windows, and transparent walls are among the major use cases of construction glass in the building & construction industry. The construction glass possesses various properties, such as water proofing, thermal insulation, and energy conservation, thus making it a suitable option as a building material in the construction sector. Furthermore, advancement in technologies has made it possible to make construction glass lighter than cork and stronger than steel.

Factors Affecting the Construction Glass Market Over the Forecast Period:

·     The glass increases the inflow of the natural light in the building; therefore, it is considered as the most profitable option in the renovation of the conventional building made up of brick, wood, and polycarbonate.

·     The advancements in construction glasses, such as the introduction of the solar control glass, self-cleaning glass, insulated glazing glass have been increasing the demand for construction glass across the commercial application.

·     The rising spending on the construction sector, with the introduction of smart city initiatives in the emerging economies is further driving the growth of the construction materials market, in turn, offering growth to the construction glass market in the building of commercial buildings under smart city initiatives.

·     The low access to raw materials and volatility of the raw material prices are certain factors restraining the growth of the construction glass market.

 

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Impact of COVID-19 on Construction Glass Market:

The outbreak of COVID-19 has disrupted the global economy, leading to a financial impact on the companies across various sectors, namely building & construction, chemicals, automotive, and others. The construction glass market will witness a considerable downfall post the outbreak of COVID-19 due to the postponement or cancellation of construction projects at a large scale. The lockdown in the developed and emerging economies has halted the construction of high-rise buildings, leading to the decline in the demand for construction materials, including construction glass. Moreover, a huge gap in supply chains, shutting down of manufacturing units amidst the crisis has led to the decline in the market value of construction glass market in 2020.

Scope of the Report:

The report outlines the global construction glass market study based on type, chemical composition, manufacturing process, and application.

Based on type, the construction glass market is segmented into -

·     Low-E glass

o    Hard Coat Low-e Glass

o    Soft Coat Low-e Glass

o    Solar Control Low-e Glass

·     Special glass

o    Flat Glass

o    Laminated Glass

o    Toughened Glass

o    Others

Based on chemical composition, the construction glass market is segmented into -

·     Soda-Lime Glass

·     Potash-Lime Glass

·     Potash-Lead Glass

Based on manufacturing process, the construction glass market is segmented into -

·     Float Glass Process

·     Rolled/Sheet Process

Based on application, the construction glass market is segmented into -

·     Residential

·     Commercial

Geographical Outlook:

The construction glass market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East and Africa. In 2019, Asia-Pacific held the largest share in the global Construction glass market, followed by Europe. Asia-Pacific is further estimated to dominate the construction glass market during the forecast period. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.

Construction Glass Market Key Competitors Include:

The construction glass market is highly fragmented, with the presence of a large number of small players across the globe. The key construction glass market players operating in the global market include –

·     AGC Glass Company North America, Inc.

·     AGNORA

·     Asahi Glass Co., Ltd.

·     Central Glass Co. Ltd.

·     China Glass Holdings Limited

·     Compagnie de Saint-Gobain S.A.

·     Guardian Industries Corp Ltd.

·     JE Berkowitz, LP

·     Nippon Sheet Glass Co. Ltd.

·     PPG Industries, Inc.

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