Title: Global Construction Glass Market Analysis and Key Players
The Global Construction Glass Market is expected to reach USD 144.3 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.2% from USD 112.0 billion in 2024, according to a recent study by MarketsandMarkets™. The market is segmented into residential, commercial, and other applications such as construction of educational institutes, stadiums, airports, bridges, and others. The growth in the residential segment is driven by factors such as increase in population, urbanization, rise in the number of nuclear families, and favorable economic conditions. The commercial segment growth is attributed to factors like economic growth, increased need for IT industries, demand for retail, and growth in foreign trade leading to the demand for warehousing and others.
Key players in the Construction Glass Market include AGC Inc. (Japan), NSG Group (Japan), Saint-Gobain (France), Guardian Industries (US), Sisecam (Turkey), SCHOTT AG (Germany), Central Glass Co., Ltd. (Japan), Vitro (Mexico), China Glass Holdings Limited (China), Corning Incorporated (US), Xinyi Glass Holdings Limited (China), and others.
The drivers for the Construction Glass Market include the growing demand for energy-efficient buildings, while complex installation requirements and energy-intensive manufacturing processes present challenges. Opportunities lie in renovation and retrofit projects.
In 2023, the special glass type segment accounted for the largest market share in terms of value. The soda-lime chemical composition segment is expected to remain the largest chemical composition type in terms of volume during the forecast period. The commercial application segment is expected to remain the largest end-use application in terms of volume during the forecast period. The Asia Pacific region accounted for the largest share in 2023, in terms of volume.
The market has been segmented based on the manufacturing processes. In 2023, the float glass process dominated the market in terms of volume and value by contributing to the highest market share. The demand for flat glass varies as per the economic conditions of the construction sector.
In 2023, the soda-lime chemical composition segment accounted for the largest market share of global construction glass market, in terms of volume. The benefits of using soda-lime glass are that it is inexpensive, easy to melt & shape, and recyclable.
Based on type, the construction glass market is segmented into special glass, and low-E glass. In terms of value and volume, special glass type dominated the global construction glass market. Special glass is further segmented into double glazing glass, laminated glass, and others. Double glazing glass accounts for a high share of the construction glass and is widely used in windows and facades.
Based on applications, the global construction glass market has been segmented into residential, commercial, and other applications (stadiums, educational institutes, and hospitals). The residential segment accounted for a high market share in terms of volume in 2023 due to increase in urbanization and to make the buildings efficient. The rise in urban planning and population is driving the market for residential buildings. The main uses of glass in residential buildings are mainly for doors, facades, and windows. The building codes are driving the use of construction glass in residential buildings.
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