USD 128.20 billion
Report ID:
SQMIG15F2145 |
Region:
Global |
Published Date: May, 1990
Pages:
184
|Tables:
63
|Figures:
65
Global Construction Glass Market size was valued at USD 128.20 billion in 2022 and is poised to grow from USD 137.34 billion in 2023 to USD 238.28 billion by 2031, growing at a CAGR of 7.13% during the forecast period (2024-2031).
The global construction glass market is poised for substantial growth in recent years. In the global construction glass market, there are several key factors that are shaping the dynamics of this industry and reflecting extensive trends in the construction and building materials sector.
Urbanization remains a dominating driver, with burgeoning populations and rabid developments such buildings, malls, showrooms, etc. fuelling the demand of modern, sustainable structures. The market is categorized by a diverse range of products, including float glass, coated glass and laminated glass, each serving specific applications in diversified industries.
In the context of applications, residential construction leads the way, driven by global need for specialized glass solutions. Geographically, North America, Europe, and Asia Pacific are the key regions steering market growth, each region influenced by unique regulatory landscapes and construction trends.
The competitive landscape is robust, featuring major players such as Asahi Glass Co., Saint Gobin, Nippon Sheet Glass Co., Ltd., and many other players are engaging in strategic moves, such as collaborations, and innovations to maintain competitive landscapes.
However, the industry navigates challenges such as fluctuating costs of raw materials, pandemic, and regulatory restrictions.
Global Market Size
USD 128.20 billion
Largest Segment
Float Glass
Fastest Growth
Float Glass
Growth Rate
7.13% CAGR
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Global Construction Glass Market is segmented By Type, By Manufacturing Process, By Product, By Chemical Composition, By Application and Region. Based on Type, the market can be segmented into Low E Glass, Special Glass. Based on Manufacturing Process, the market is segmented into Float Glass Process, Rolled/Sheet Process. Based on Product, the market is segmented into Float Glass, Coated Glass. Based on Chemical Composition, the market is segmented Float Glass, Coated Glass. Based on Application, the market is segmented into Residential Construction, Commercial Construction, Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Product
The float glass segment has emerged as the largest segment by product type in the global construction glass market. Its dominant position in various applications such as in windows, and interior spaces. The Float glass popularity is attributed to its cost-effectiveness, and ease of use than other glass segments makes it more demanding in the various industries. With its widespread use in residential, commercial and industrial constructions, float glass caters to diverse market needs, making it a cornerstone of the construction glass industry.
Concurrently, the coated glass segment emerged as the fastest growing segment in the global construction glass market. The increasing adoption of coated glass in various industries is fueled by its advanced features, including improved thermal activities and solar control capabilities. Moreover, the construction industry places a growing emphasis on energy efficient building designs, rising the demand for coated glass. Its ability to contribute to sustainable goals and meet rigorous energy efficiency standards positions the coated glass as the fastest growing segment in the growing glass landscape.
Analysis By Application
The largest segment by application in the global construction glass market is residential construction segment. Factors behind its dominating nature are propelled by the global demand for housing and surge in renovation activities. The construction glass, mainly in the form of windows and other architectural elements, plays a pivotal role in enhancing the aesthetic appeal and energy efficiency of residential structural landscapes. However, urbanization plays a significant role in the market, the residential segment remains a burgeoning and sustained key driver of the construction glass market.
On the other hand, the emerging and fastest growing segment by application is the Commercial construction segment. In recent years, there are many advancements and innovations in cities, such as smart cities concepts etc., fueled the global construction glass market indirectly. The modernization of cities by developing office buildings with smart architectural ideas, houses, hospitals, showrooms, malls and more things. The expansion of this segment is closely linked to global economic development and the ongoing trends towards innovative and sustainable commercial designs.
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Asia Pacific region currently stands as the leader in the global construction glass market and emerged as the largest market region in 2022. The region’s dominant nature is fueled by rapid urbanization, developing infrastructures, and a growing construction industry. Countries such as India, China, Japan and South Korea play pivotal roles in driving demand, with a surge in both residential and commercial construction projects. The region’ economic growth increasing focus on sustainable developments of buildings and infrastructures contribute to dominance of Asia Pacific in the global construction glass market.
On the other hand, North America is continuously increasing its dominating presence in the construction glass market which represents it as the fastest growing region in the market. Region’s dominating position in the global construction glass market is driven by strong emphasis on energy efficiency and evolving architectural trends. The demand for construction glass in the North America region is fueled by a growing awareness of sustainable construction practices, with a focus on green building initiatives. Technological innovations and a preference for innovative glass ideas and solutions in residential and commercial construction position this region as a key growth hub for the global construction glass market.
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Drivers
Advancements In Glass Manufacturing Technologies
Restraints
Fluctuation In Raw Material Prices
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The construction glass market is characterized by intense rivalry among key players striving to capture a significant market share. Leading companies are consistently engaged in innovation, strategic partnerships, and product advancements to maintain their competitive edge. These industry giants leverage their extensive portfolios to offer a range of solutions encompassing Float Glass, Coated Glass and Laminated Glass. As the market witnesses rapid innovations, smaller players and startups also contribute by introducing niche solutions and innovative technologies, contributing to the dynamic and ever-evolving competitive dynamics within the market.
Top Player’s Company Profiles
Recent Developments
Integration of Smart Glass in Construction
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types of teams that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global construction glass market analyses, the market is witnessing significant growth driven by a convergence of factors such burgeoning urbanization, technological integration, and demand for smart glass solutions. The dominance of float glass as the largest segment, coupled with the rapid growth of coated glass, shows the industry’s contributions to versatility and sustainability. In the regional landscape of this market, the Asia Pacific market takes center stage as the largest region. Simultaneously, North America stands out as the fastest growing region. Additionally, competitive landscapes also shape the market growth with the strategic moves of the key players. Strategic collaborations, product launches, and geographic expansions by key players also shaping the construction glass market’s growth.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 128.20 billion |
Market size value in 2031 | USD 238.28 billion |
Growth Rate | 7.13% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Construction Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Construction Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Construction Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Construction Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15F2145
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