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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