Construction Glass Market Forecast 2026: Projected Growth and Opportunities | Techsci Research
satyamtechAccording to TechSci Research report, “Construction Glass Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”, The global construction glass market is anticipated to grow at CAGR of over 4%, in volume terms, during the forecast period to reach 148.52 million tonnes by 2026. Surging demand for durable and low-cost raw material is elevating the demand for construction glass through 2026. Increasing construction activities to accommodate growing population and properties of glass, such as excellent insulation, high strength, soundproof, fire-resistance, make it a perfect choice for construction material, thereby, driving the growth of the market through 2026.
The use of construction glass allows for more natural light to enter the building. This glass feature is exploited in advanced glazing systems to reduce the requirement for heating and cooling in buildings, lowering energy consumption and CO2 emissions as a result. Furthermore, technological improvements such as solar control glass, self-cleaning glass, sound-reducing glass and insulated glazing glass have raised the demand for construction glass products in residential and non-residential buildings.
Construction glass is a solid, translucent glazing material widely used in various structural applications in buildings. It includes laminated, shatterproof, float, sheet, chromatic, tinted, wired, and toughened glass, which are commonly used. This glass is generally utilized for external walls, windows, and doors, and it is transparent, resistant to electricity, chemicals, and water, and has excellent thermal insulation, workability, and recyclability. In recent years, construction glass has gained traction as a sustainable alternative to traditional building materials, such as wood, bricks, and polycarbonate (PC), due to its cost-effectiveness, lightweight, high strength, and environmental friendliness.
The rising construction activities across the residential, commercial, and industrial sectors represent the primary factors driving the market growth. The expanding middle-class population with high disposable incomes has catalyzed the demand for sustainable construction, accelerating the adoption of construction glass. Moreover, governments of various countries are taking several initiatives, such as introducing favorable policies and lucrative incentives, to promote green construction and minimize greenhouse emissions and energy consumption.
The increasing investments in the renovation or modernization of the existing infrastructure are propelling the market growth. Additionally, the leading players are engaging in research and development (R&D) activities to launch innovative construction glass, expanding their product portfolio, and gaining a competitive edge in the market. Other factors, including the growing need for energy-efficient temperature management, shifting consumer preferences toward quality interiors, rapid urbanization and industrialization, and advancements in the glass industry, are also creating a positive market outlook. Structures benefit from construction glass as it increases the influx of natural light, reduces energy consumption, minimizes carbon emissions, and enhances aesthetic appeal.
Browse over 143 market data Figures and 4 data Tables spread through 198 Pages and an in-depth TOC on "Global Construction Glass Market"
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The global construction glass market is segmented on the basis of product type, application, manufacturing process, chemical composition, and regional distribution. Based on product type, the market can be segregated into special glass and low emissivity glass. Based on product type, special glass dominates the market with a share of 65.08% in the year 2020, owing to increased adoption of flat glass in residential and commercial buildings due to its various properties such as natural insulation and protection from UV rays & noise pollution.
Some of the market players, operating in the global construction glass market include:
- AGC Inc.
- Central Glass Co., Ltd.
- China Glass Holdings Limited
- Guardian Glass
- Nippon Sheet Glass Co., Ltd
- Schott AG
- Xinyi Glass Holdings Limited
- FUSO
- Saint-Gobain Building Glass
- Vitro, S.A.B de C.V
- Şişecam
Market players in the construction glass market are focusing on product innovation to increase their share in the market. For instance, AIS started manufacturing of float glass and a range of high performance as well as value added glasses for interior and exterior applications to provide energy efficiency and aesthetics solution. Another category of glass, Polytronix glass is gaining prominence as it offers privacy and eliminates the requirement of blinds or curtains. Polytronix glass is created by sandwiching liquid crystal layer between two polyethylene terephthalate (PET) conductive films. Additionally, growing demand for sustainable and green construction is propelling growth of construction glass as it 100% recyclable.
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“Asia-Pacific is the dominating as well as the fastest growing construction glass region in the world, accounting for 42.25% market share in the year 2020. This can be attributed to the growing number of residential and commercial buildings, backed by broadening base of consumers and surging per capita income in the region. Asia-Pacific construction glass market is forecast to grow at a CAGR of 6.98% in the next five years. China is one of the largest markets for construction glass in the region, accounting for 47.56% market share in 2020. In 2020, the Chinese Communist Party instructed the administration of cities including Beijing, Shanghai, and Shenzhen to build more public rental flats for young people by 2025.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Construction Glass Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026, Segmented By Product Type (Special Glass and Low- Emissivity Glass), By Application (Commercial and Residential), By Manufacturing Process (Float Glass Process and Rolled/Sheet Process), By Chemical Composition (Soda-Lime, Potash-lead and Potash-Lime), By Region”, has evaluated the future growth potential of global construction glass market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global construction glass market.
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