Construction Glass Market

Construction Glass Market Growth Outlook (2023 to 2033)

The global construction glass market is estimated to be valued at US$ 52.7 billion in 2023 and it is expected to grow at a CAGR of 7.0% to reach US$ 103.6 billion by the end of 2033.

The growing demand for energy-efficient and sustainable buildings is driving the demand for the use of high-performance construction glass with low-E coatings and other energy-efficient features creating immense growth opportunities for the players operating in the construction glass market.

Report Attributes	Details
Construction Glass Market Size (2022A)	US$ 49.2 Billion
Estimated Market Value (2023E)	US$ 52.7 Billion
Forecasted Market Value (2033F)	US$ 103.6 Billion
Global Market Growth Rate (2023-2033)	7.0% CAGR
Europe Market Share (2023)	29.8%
Europe Market Growth Rate (2023-2033)	5.0% CAGR
Key Companies Profiled	China Glass Holdings Saint Gobain Corning International AGC Co Guardian Industries Vitro Glass

Historic and Future Pathway Analysis for the Construction Glass Market

The trend of using larger glass panels allows more natural light and creates a sense of openness and space in buildings, thus, driving the construction for glass demand. Additionally, advancements in glass technology have made it possible to produce larger, stronger, and thinner glass panels, further driving the trend toward large glass panels in construction.

The use of smart glass technology is another trend that is gaining momentum in the construction glass market. Smart glass can adjust its transparency in response to external factors such as temperature and sunlight, improving energy efficiency and creating a more comfortable indoor environment.

• Short Term (2023-2026): Growing construction glass demand from commercial spaces is likely to drive the market growth during the assessment period.
• Medium Term (2026-2029): Surging construction industry across emerging economies coupled with government supportive regulations for green buildings to drive the market during the forecast period.
• Long Term (2029-2033): Efforts led by market players to gain high-profit margins and curb the demand pool by introducing innovative solutions catering to the needs of the customers are likely to drive the market in a long run.

On the back of the aforementioned facts, the construction glass market is anticipated to grow at a CAGR of 7.0% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics Outlook

“Surging Green Building Initiatives to Drive Construction Glass Market”

Green buildings are designed to be energy-efficient, which means that they use less energy for heating, cooling, and lighting. To achieve this, builders use high-performance materials such as construction glass with low-emissivity (low-E) coatings to control the amount of heat that enters and exits the building. These high-performance construction glasses help to reduce energy costs and consumption, making them an essential component in the construction of green buildings.

Green buildings prioritize the health and well-being of occupants. As a result, builders use construction glass with special coatings that prevent harmful UV rays and reduce glare while allowing natural light to enter the building. This helps to improve indoor air quality, reduce the risk of respiratory illnesses, and increase overall occupant comfort. This, in turn, lures potential customers to opt for construction glass which drives market growth.

“Factors Affecting the Growth of the Construction Glass Market”

One of the prominent factors restraining the growth of the construction glass market is the high cost associated with energy-efficient glass products. Energy-efficient glass products, such as low-emissivity (low-e) glass and insulated glass units (IGUs), are in high demand due to their ability to reduce energy consumption and lower heating and cooling costs in buildings. However, these products are more expensive than traditional glass products, which can make them unaffordable for some customers.

Other factors restraining the construction glass market growth include rising raw material costs, stringent government regulations related to building codes and energy efficiency standards, and increasing competition from alternative building materials.

Country-wise Insights

What are the Factors Driving Construction Glass Demand Across China?

The growing construction industry in China is driving the construction glass market in recent years.

• For instance, according to the National Bureau of Statistics of China, the value of completed construction projects in China increased by 7.1% year-on-year in 2020, with the total value reaching US$ 3.85 trillion.

Further, the Chinese government has recently announced a plan to invest heavily in infrastructure, with a focus on railways, highways, and airports. This plan is expected to drive demand for construction materials, including construction glass.

In addition, the Chinese government has also announced plans to invest in the development of "new infrastructure" projects, which include 5G networks, artificial intelligence, and other advanced technologies. This investment is aimed at promoting the digital transformation of the Chinese economy and supporting the country's long-term growth and creating immense growth opportunities for the construction glass market.

Why Russia’s Construction Glass Market is Flourishing?

The Russian construction industry is growing steadily in recent years, due to surging investments in infrastructure, commercial, and residential construction projects. This led to an increase in demand for construction materials, including construction glass.

Further, the Russian government has introduced various policies and incentives aimed at promoting the use of energy-efficient and sustainable building materials, including construction glass. For instance, the government has launched a program to improve the energy efficiency of residential buildings, which includes the use of high-performance windows and doors. This, in turn, drives the construction glass market across the country during the forecast period.

Category-wise Insights

Why Low e Glass is Ruling Construction Glass Market?

Low emissivity (low-e) glass is ruling the construction glass market as low-e glass has a special coating that helps to reflect heat back into the room while still allowing light to pass through. This helps to reduce energy consumption by keeping indoor temperatures more stable, which can lead to lower heating and cooling costs. Low-e glass blocks up to 99% of harmful ultraviolet (UV) radiation, which can cause damage to skin and furnishings over time.

Low-e glass is made using advanced coating technology, which makes it more durable and scratch-resistant than traditional clear glass. Further, it reduces glare, making it easier to work on computer screens or watch television in a room with large windows.

Why Soda Lime Chemical Composition is Gaining Traction?

Soda-lime glass is made from readily available and inexpensive raw materials, making it an affordable option for many construction projects. Additionally, soda-lime glass can be easily customized to meet specific needs by adjusting its chemical composition. It can be made into different shapes and sizes and can be tinted or coated to provide additional properties, such as energy efficiency, solar control, or sound insulation.

Soda-lime glass is also known for its optical clarity and transparency, which makes it ideal for use in windows, doors, and other architectural applications. It is strong and durable in nature, making it suitable for use in a wide range of construction projects, including high-rise buildings and facades. Such factors are likely to drive the segment’s growth in the construction glass market.

Eminent Player’s Key Stratagems

Key players in the construction glass market are adopting various growth strategies to expand their market presence and increase their market share. In addition, companies are investing in research and development to develop innovative and advanced products that meet the evolving needs of the construction industry. This includes the development of energy-efficient and sustainable glass products.

For instance :

• In December 2021, Guardian Glass, a major producer of flat glass and other high-performance materials, unveiled a new Guardian ClimaGuard SLE product, which provides superior thermal insulation and energy efficiency.
• In November 2021, Saint-Gobain, a French multinational corporation that specializes in construction materials, launched a new SageGlass Harmony product, which provides dynamic shading.
• In September 2021, AGC Inc., a global leader in glass and other high-performance materials, launched a solar control glass product, Stopray Ultra-70T.
• In March 2021, NSG Group, a leading manufacturer of glass and glazing products, launched a new ultra-clear, low-iron glass product called Pilkington Optiwhite OW.

Fact.MR has provided detailed information about the price points of key manufacturers of construction glass positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Construction Glass Industry Research

• By Type :

  • Low e Glass
  • Special Glass

• By Chemical Composition :

  • Soda-Lime
  • Potash-Lime
  • Potash-Lead

• By Manufacturing Process :

  • Float Process
  • Rolled/Sheet Process

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa