New York (US), June 14, 2023 (GLOBE NEWSWIRE) -- Construction Glasses Market Overview
The research documents by MRFR indicate that the “Construction Glasses Market Research Report by Application, Type and Region – Forecast till 2030”. the construction glass market is predicted to grow substantially over the assessment timeframe from 2022 to 2030 at a healthy CAGR of around 7.28%. which is likely to attain a market of USD 200.81 Billion by the end of 2030.”
Construction glasses refer to the glasses having a translucent coating and are generally utilized for glass doors and windows or as transparent walls.
Competitive Analysis
The catalog of the top leaders across the global Market for Construction Glass includes players such as:
- A. Bendheim Ltd. (U.S.)
- AGNORA (U.S.)
- AGC Glass Company North America, Inc.(U.S.)
- JE Berkowitz, LP (U.S.)
- Schott AG (Germany)
- Nippon Sheet Glass Co., Ltd. (Japan)
- Central Glass Co. Ltd. (Japan)
- Saint-Gobain S.A. (France)
- PPG Industries, Inc. (U.S.)
- Guardian Industries Corp Ltd. (U.S.)
- Among others.
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Report Scope:
| Report Attribute | Details |
| Market Size 2030 | USD 200.81 Billion |
| Compound Annual Growth Rate (CAGR) | 7.28% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2019- 2021 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Dynamics | Increasing demand for better and more economical raw materials from the construction industry |
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Market USP Covered
Market Drivers
The global Construction Glass industry has advanced enormously in recent years. The primary aspect causing a surge in the performance of the market is the escalating demand for better and more economical raw materials from the construction industry. Furthermore, the growing utilization of safe and sustainable building materials to enhance the value of the property is also believed to be one of the crucial parameters enhancing the growth of the market around the globe. Moreover, the factors such as favorable economic condition of the residents and commercial sectors, rising urbanization, the increasing investment for construction activities, and growing focus on eco-friendly buildings are also projected to boost-up the development of the market over the coming years.
Market Restraints
However, some aspects may limit the market's performance. The main aspect limiting the market's development is the high costs linked.
COVID-19 Impact
The global health hazard of COVID-19 has impacted most industry operations in the last few years. The health emergency affected the industry operations and tremendously impacted public health in nearly 225 nations. The Construction Glass industry was no exception to this. The supply chain disruptions and partial or complete lockdowns around various regions worldwide led to several disruptions in market operations. However, with the rapid recovery of the global economy, the market is predicted to showcase substantial development over the review era. The numerous measures taken by the Government to combat the adversities and impact of the pandemic on the Construction Glass market will help it to expand.
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Segment Analysis
Among all the types, the special glass segment is anticipated to secure the leading position across the global market for construction glasses over the review timeframe. The main parameter supporting the segment's growth is the growing adoption of flat glass in residential and commercial buildings. Furthermore, properties such as protection from U.V. rays & noise pollution and natural insulation are also likely to impact the segment’s performance over the review timeframe positively.
Among all the application areas, the Non-residential segment is anticipated to secure the leading position across the global market for construction glasses over the review timeframe. The main parameter supporting the segment's growth is the growing construction activities of green buildings. Furthermore, many government regulations related to energy-efficient buildings are also likely to impact the segment's performance over the review timeframe positively.
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Regional Analysis
The Global Market for Construction Glass is analyzed across five major parts: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
The research documents by MRFR indicate that the North American region is anticipated to secure the leading spot across the global Construction Glass industry over the coming years. The region has Mexico, Canada, and the U.S. as the leading development contributors. Further, the U.S. Construction Glass Market held the largest market share, and Canada was the fastest-growing North American Region. The main aspect supporting regional market expansion is the favorable economic condition. Furthermore, the fast growth in urbanization and population is also considered to be one of the crucial parameters enhancing the performance of the regional market. Moreover, factors such as the increasing government initiatives, propelling residential & commercial construction activities, and regulations to adopt flat glasses in the construction industry are also likely to positively impact the performance of the regional market over the coming years.
The Asia-pacific Region carried a substantial position across the global Construction Glass industry in 2021 with the value of about 60.7%. India, China, and Indonesia are the leading development contributors in the region. Further, the China Construction Glass Market held the largest market share, and India was the fastest-growing market in the Asia-pacific Region. The main aspect supporting regional market expansion is the rapid urbanization and industrialization across the region. Furthermore, the help of government initiatives is also considered one of the crucial parameters enhancing the performance of the regional market. Moreover, the growing use of construction glasses in industries and commercial spaces such as manufacturing plants, malls, industrial spaces, offices, residential units, etc.
The European Region is anticipated to secure the substantial position across the global Construction Glass industry over the coming years. The region has France, Germany, and the U.K. as the leading development contributors. Further, the German Construction Glass Market held the largest market share, and the U.K. was the fastest-growing Market in Europe. The main aspect supporting regional market expansion is the rapid growth in the construction sector across the region.
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