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I AgreeAnalysis of Construction Glass Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to the latest report by Fact.MR, the construction glass market surpassed US$ 46 Bn in 2020. Steady growth in sales for construction glass seems to provide a positive outlook to the industry.
Moreover, constant demand from the construction industry for better and economical glass materials will act as a driver for the demand in the long run. Thus, the market is expected to surpass US$ 90 Bn by 2031 by reaching a CAGR of 7%.
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As per Fact.MR’s report, from 2016 to 2020, the construction glass market surpassed US$ 46 Bn in terms of market value, growing at a CAGR of around 5%. Increase in urbanization and demand from the residential and commercial sectors is propelling the demand for construction glass.
In addition, increasing inclination towards sustainable living is driving the sales of construction glass. Thus, in the forecast period, the construction glass market is expected to surpass US$ 90 Bn by reaching a CAGR of 7% by the end of 2031.
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End-user demand for lightweight, stronger and energy-efficient glasses is continually driving the production of glasses. The construction industry continues to be a gainful market for glass manufacturers.
Apart from the conventional use of glasses in the construction industry, green building construction is driving the glass production. For instance, properties like temperature control, sun protection and reduced reflection coupled with changes in consumer preference for sustainable construction are some major factors contributing towards the growth of glass sales.
Glass has the ability to transmit daylight and it does not get affected by the weather. In addition, changing environment does not change the colour of the glass. Thus, making it appear aesthetically pleasant for a longer period of time. Not only is glass recyclable but it also can be moulded and used many times. Thus, glass is an economically favourable option for various industries.
Increasing urbanization has led to the construction of buildings on a large scale. Thus, the demand for glass has multiplied. The commercial and residential sectors have shown a growing inclination towards using glass in construction due to its affordability and advantages.
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With rapid urbanization and changing consumer behaviour glass preference is changing. Consumers are preferring glasses that engulf different properties and are aesthetically pleasing. Additionally, eco-conscious consumers are opting for glasses that has undergone sustainable manufacturing processes.
For instance, consumers are opting for glasses which are energy efficient, increases the influx of natural light at the same time helps in reducing energy consumption with the help of advanced glazing solution. Moreover, products such as self-cleaning glass, insulated glazing glass, sound reducing glass and solar control glass are key trends giving an additional push to the industry.
In the past half-decade Asia held around 40% of the global construction glass sales and is projected to hold a similar rate over the next decade.
Increasing construction activities and industrial growth in countries like China & India are likely to drive the demand for glasses. Additionally, an increase in purchasing power of people with a change in preference in terms of material and properties will propel the growth of the industry.
With a focus on mitigating CO2 emissions in countries like China, India and Japan are investing heavily in the green business equally contributing towards the growth of construction glass sales. For instance, Japan is leading the race in the environmental goods and services (EGS) sector with the production of resource-efficient technology and greening of businesses to promote environmental sustainability.
Construction sectors contribute about 9% of the total GDP in Europe and employ about 18 million people directly. Germany is Europe’s leading market for construction. Additionally, increasing debate on climate change has shifted the focus from a conventional mode of construction to a green mode of construction. Thus, the country is focusing on infrastructure that would be environmentally friendly.
For instance, under the GET (Green Economy Transition) approach, EBRD (European Bank for Reconstruction and Development) has up till now financed 200 large projects with an investment of US$ 20 Bn in green buildings. These affirmative approaches coupled with favourable government policies have enabled the growth of energy-efficient glasses. Thus, Europe is expected to hold 30% share of the construction glass sales in the assessment period.
Float glass is made from calcium and sodium silicate. Float glass can be easily cut without any special equipment. In addition, it is easily available in a wide range of thickness and weight.
Float glass has gained traction in the residential sector owing to its easy functional purposes and allowance of light influx in the house. As float glass is a great insulator, it is largely being adopted for windows of residential sectors. Thus, float glass is expected to upsurge a CAGR of 4% for the construction glass industry.
Attribute |
Details |
Market size value in 2021 |
USD 46 Billion |
Market forecast value in 2031 |
USD 90 Billion |
Growth Rate |
CAGR of 7% from 2021 to 2031 |
Forecast Period |
2021-2031 |
Historical Data Available for |
2016-2020 |
Market Analysis |
US$ Mn for Value & ‘000 Units for Volume |
Key Regions Covered |
|
Key Countries Covered |
|
Key Market Segments Covered |
|
Key Companies Profiled |
|
Customization & Pricing |
Available upon Request |
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As of 2020, the market for construction glass reached nearly US$ 46 Bn
The construction glass is expected to surpass a CAGR of 7% from 2021-2031.
The construction glass market is expected to reach nearly US$ 90 Bn by 2031
Demand for aesthetically pleasing and sustainable glass are the key trends driving the sales of construction glass.
Asia is the most lucrative region and will generate over 40% revenue until 2031
China Glass Holdings, Saint Gobain, PPG Industries, Corning International, AGC Co, Kyocera Co, Nippon Sheet Glass Co., Ltd., Fuyao Glass Industry Group, Guardian Industries, Vitro Glass are some prominent market players of construction glass.
China, India and Germany are the top three countries driving demand for construction glass.
Float glass is expected to hold the highest share for sales, expanding at over 4% CAGR
The construction glass industry is expected to register a CAGR around 5% throughout Europe
Europe will generate around 30% of market revenue for construction glass industry.