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How Will The Construction Glass Market Valuation Change Between Now And 2029?

In recent times, there has been a significant augmentation in the size of the construction glass market. It is projected to escalate from $121.49 billion in 2024 to $129.93 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. The unprecedented growth during the historic period is the result of factors such as urbanization and infrastructure development, energy efficiency norms, escalating population and subsequent housing demands, government endeavours towards green buildings, safety and security mandates, global economic patterns, and a surge in renovation and retrofit activities.

In the forthcoming years, the construction glass market is anticipated to witness robust expansion, escalating to $176.67 billion by 2029 with a compound annual growth rate (CAGR) of 8.0%. The predicted growth during this period is tied to ongoing encouragement of sustainable construction, adherence to circular economy norms, interest in antibacterial glass, the rising popularity of prefabricated construction, the development of smart cities and infrastructure, the introduction of carbon-neutral construction materials, and the demand for fire-resistant glass. In the mentioned forecast timeframe, trends such as green and sustainable construction, intelligent glass technology, innovation in coatings, increasing use of laminated glass, difficulties in the supply chain, and current architectural trends are expected to dominate.

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What Core Drivers Are Expected To Influence The Construction Glass Market?

The surge in the building construction sector is predicted to drive the expansion of the construction glass market in the future. The term building construction implies the process of adding infrastructure to real estate through modest improvements, such as the addition of rooms or bathroom renovations. With its widespread use in architectural and building applications, glasses’ demand escalates as building construction expands. For example, in June 2022, Statistics Canada, a Canadian statistical organization, stated that investment in building construction witnessed a 2.7% growth, reaching $20.9 billion. Also, in the same year, industrial construction investment saw a 1.7% growth to $931 million, with Ontario being the key contributor to this augmentation. Commercial investment in 2022 also rose by 1.5% on a yearly basis, reaching $2.9 billion. Hence, the surge in the building construction sector is fueling the expansion of the construction glass market.

Which Segments Define The Structure Of The Construction Glass Market?

The construction glass market covered in this report is segmented –

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

Subsegments:

1) By Special Glass: Laminated Glass, Tempered Glass, Bulletproof Glass, Decorative Glass

2) By Low-E Glass: Soft Coat Low-E Glass, Hard Coat Low-E Glass

What Strategic Shifts And Innovations Are Influencing The Construction Glass Market?

In the construction glass industry, prominent businesses are introducing novel items like low-carbon glass to satisfy growing sustainable needs and decrease the ecological footprint of building materials. This specific type of glass has been carefully engineered to minimize its carbon emissions during manufacture and use. For example, Saint-Gobain, a French enterprise that specializes in the creation, manufacturing, and distribution of materials and solutions for various sectors including construction, mobility and industry, launched its version of low-carbon glass in June 2023. It’s intended to make a substantial contribution towards trimming the carbon emissions over the lifecycle of buildings while offering additional features, such as enhanced natural light and thermal comfort for inhabitants. The production of this product is driven by inventive methods, incorporating two-thirds of recycled matter and renewable sources of energy, like natural gas and electricity.

Who Are The Most Influential Companies In The Construction Glass Market?

Major companies operating in the construction glass market are 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

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Which Region Is Forecasted To Lead The Construction Glass Market In The Coming Years?

Asia Pacific was the largest region in the construction glass market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the construction glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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