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Construction Glass Market

Construction Glass Market

Growing Demand for Sustainable Living to Propel the Sales of Construction Glass during 2021-2031

Construction Glass Market
FACT5846MR

Market Snapshot

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%.

Key Points Covered in Construction Glass Market Industry Analysis

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Construction Glass Market and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Construction Glass Historical Trends 2016-2020 Vs Future Outlook 2021-2031

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.  

How is the Scramble for Energy Efficiency Bolstering Construction Glass Demand?

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.

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How are the Robust Structural Properties of Construction Glass Impelling Demand?

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.

What are the Key Trends in the Construction Glass Market?

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.

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Country-wise Analysis

Why is Asia Attracting Construction Glass Manufacturers?

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.

What Growth Prospects abound across Europe?

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.

Category-wise Insights

Why is Float Glass Gaining Popularity?

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.

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Competitive Landscape

  • For instance, in July 2021, AGC Glass Company Inc, a key market player has signed an agreement with Novartis Gene Therapies to purchase a manufacturing facility located in Longmont, Colorado U.S.
  • In January 2019, another key player, Saint Gobain inaugurated the third-floor glass plant at the world glass complex Sriperumbudur.  

Construction Glass Report Scope

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

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

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • UK
  • Spain
  • France
  • Italy
  • Russia
  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • GCC
  • South Africa

Key Market Segments Covered

  • Type
  • Chemical Composition
  • Manufacturing Process
  • Region

Key Companies Profiled

  • 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
Customization & Pricing

Available upon Request

Key Segments

  • Type

    • Low-e Glass
    • Special Glass
  • Chemical Composition

    • Soda-Lime
    • Potash-Lime
    • Potash-Lead
  • Manufacturing Process

    • Float Process
    • Rolled/Sheet Process

Construction Glass Market- Scope of Report

A recent study by Fact.MR on the construction glass market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering construction glass.

The study also provides the dynamics responsible for influencing the future status of the construction glass market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the construction glass market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of construction glass across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of construction glass during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative construction glass markets?
  • Which factors will impact the growth of construction glass?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the construction glass industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for construction glass are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global construction glass market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the construction glass during the forecast period.

Country-specific valuation on demand for construction glass has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of construction glass, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering construction glass has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the construction glass domain. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the construction glass industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

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.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.