glass façade Market Insights, Outlook And Demand 2023-2032 | Saint-Gobain, AGC Inc., GUARDIAN INDUSTRIES, Nippon Sheet Glass Co. Ltd., Sisecam Group, Kawneer Company Inc

The glass façade Global Market Report 2023 by The Business Research Company, provides glass façade market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s glass façade Global Market Report 2023, the market size grew from $160.69 billion in 2022 to $168.13 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size glass façade market is expected to grow to $200.55 billion in 2027 at a CAGR of 4.5%.

Increasing investments in construction activities are a major factor contributing to the growth of the market. The increasing penetration of glass-based architecture in residential and non-residential applications helps in bringing daylight for a longer period, saving on the cost of external lighting.

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The glass façade market is segmented:

1) By Product: Tempered, Insulated, Laminated, Other Products

2) By Shape: Flat Tempered Glass, Bent Tempered Glass

3) By Application: Residential, Non-Residential

New technological advancements are gaining popularity in the glass facade market. These include technologies such as smart windows, which is an electrochromic glass that can, under a low-voltage current, change its tint and reflective properties depending on the external temperature. The innumerable sensors installed in the glass are sensitive to the sunlight falling on the exterior face and the occupancy of the room inside. The glass then employs combinatorial logic and decides what mode each pane of glass should be in, based on its position and direction. The possible modes are Glare Mode, Daylight Mode, Clear Mode, and Tinted Mode. For instance, sageglass from Saint-Gobain, a France-based company, provides smart glasses that save energy by lowering electricity consumption.

The glass façade market report table of contents includes: