Building glass market expected to reach US$142.15 billion by 2027 – IMARC Group – Queen Anne and Mangolia News
According to the latest report from the IMARC group, “Global Building Glass Market Size, Share, Growth, Trends, Opportunities and Forecast 2022-2027“, the global building glass market reached a value of US$96.87 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$142.15 billion by 2027, growing at a CAGR of 6.30% in 2022-2027.
Building glass represents a translucent, strong and vitrifying material widely used for many structural applications in buildings. Some of the commonly available variants include shatterproof, laminated, floated, foil, chromatic, tinted, wired, tempered, etc. Building glass offers several beneficial properties, such as transparency, excellent thermal insulation, superior workability, recyclability, resistance to electricity, chemicals. and water, etc. Therefore, it finds wide applications in construction activities in the residential, commercial and industrial sectors.
|Base year: 2021|
|Forecast year: 2022-2027|
construction glass market Trends and Drivers:
The growing need for energy efficient temperature management is primarily driving the building glass market. In addition to this, the widespread adoption of the product as a sustainable alternative to traditional building materials, including bricks, wood and polycarbonate (PC), due to its various advantages, such as light weight, cost-effectiveness, high strength, environmental friendliness, etc. further catalyzes the growth of the market.
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Additionally, the initiation of several favorable policies by government agencies to promote green building practices to reduce carbon emissions and energy consumption acts as another significant growth driver. Moreover, increasing investments in the renovation or modernization of existing infrastructure also support the global market.
Also, the introduction of advanced product variants to increase the influx of natural light into the building and improve the aesthetic appeal of the interiors is expected to drive the construction glass market in the coming years.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Global construction glass market Analysis and segmentation 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
AGC Inc., Central Glass Co. Ltd., Compagnie de Saint-Gobain SA, Corning Incorporated, CSG Holding Co. Ltd., Guardian Industries (Koch Industries Inc.), Nippon Electric Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., PPG Industries Inc., Schott AG, Sisecam and Xinyi Glass Holdings Limited.
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The report has segmented the market based on region, product type, chemical composition, manufacturing process, and application.
BRBreakdown by product type:
- Special glass
- flat glass
- Laminated glass
- Heat-tempered glass
- Low-e glass
- Hard Coated Low-E Glass
- Soft Coated Low-E Glass
Breakdown by chemical composition:
Breakdown by manufacturing process:
- Floating process
- Rolled/sheet process
Breakdown by application:
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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