What is the Projected Constructive Glass Market Size Through 2025 and Beyond?
The construction glass market has shown a significantly strong performance in recent years, with its size projected to grow from $121.49 billion in 2024 to $131.16 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.0%. This growth has been driven by urbanization, infrastructure development, energy efficiency regulations, population growth, housing demand, government initiatives for green buildings, safety and security requirements, global economic trends, and increased renovation and retrofit activities. Moreover, the market is expected to further expand, reaching $180.61 billion in 2029 at a CAGR of 8.3%, driven by sustainable construction, circular economy principles, antibacterial glass solutions, prefabricated construction methods, smart cities and infrastructure development, carbon-neutral construction materials, and fire-resistant glass solutions.
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What Factors are Propelling the Growth of the Construction Glass Market?
The construction glass market’s growth is anticipated to be propped up by the increase in the building construction industry. The construction industry’s expansion creates more opportunities for the usage of glasses in engineering and architectural applications. For instance, Statistics Canada reported a 2.7% increase in investments in building construction, amounting to $20.9 billion in June 2022. This increase in construction investment highlights the rising demand for construction glasses, thereby driving the market’s growth.
Which Critical Segments Dominate the Global Construction Glass Market?
1) By Product Type: Special Glass, Low-E Glass
2) By Chemical Composition: Soda-Lime, Potash-Lime, Potash-Lead
3) By Manufacturing Process: Float Process, Rolled Or Sheet Process
4) By Application: Non-Residential, Residential
To What Major Players Does the Construction Glass Market Showcases?
The construction glass market showcases a wide array of major players that include AGC Inc., Guardian Industries, Nippon Sheet Glass Co. Ltd., AJJ Glass Ltd., CSG Holding Co. Ltd., Fuyao Glass Industry Group Co. Ltd., GreyGlass Ltd., GSC Glass Ltd., Luoyang Glass Company Limited, Nippon Electric Glass Co. Ltd., NSG Group Ltd., Pilkington, PPG Industries Inc., Schott AG, Vitro Architectural Glass, Vitrum Industries Ltd., Xinyi Glass Holdings Ltd., Corning Incorporated, Owens Corning, SYP Glass Group Co. Ltd., S.A. Bendheim Ltd., Central Glass Co. Ltd., Saint-Gobain SA, JE Berkowitz LP, Architectural Glass North America, Advanced Energy Industries Inc., Cardinal Glass Industries Inc., Oldcastle BuildingEnvelope, Euroglas GmbH, Pilkington Group Limited.
What Emerging Trends Are Visible In the Construction Glass Market?
The trend towards sustainable construction material is prominent in the construction glass market. Major companies are innovating and producing advanced, low-carbon glass products to meet increasing sustainability demands and reduce environmental impacts. For instance, Saint-Gobain launched a low-carbon glass in June 2023, significantly contributing to reducing the whole-life carbon footprint of buildings.
Which Region Records the Fastest Growth in the Construction Glass Market?
Asia-Pacific region was the largest and is expected to be the fastest-growing region in the Construction Glass Market, closely followed by Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Construction Glass Market Report 2025 Offer?
Construction glass, a solid material created by heating ordinary sand until it forms a liquid and then cools down, can be clear, translucent, or brittle. The Construction Glass Market research report from The Business Research Company provides an inclusive look into the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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