The global construction glass market size was US$ 133.1 billion in 2021. The global construction glass market is forecast to grow to US$ 281.6 billion by 2030, registering a compound annual growth rate (CAGR) of 7.8% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The glass allows more natural light into the building. Thus, it is considered the most cost-effective option for renovating a traditional structure. The global construction glass market is forecast to grow due to these factors.
Advancements in construction glass, such as sun control glass, self-cleaning glass, and insulated glazing glass, are likely to boost the market growth in the coming years. In addition, increasing urbanization and growing standards of living will surge the construction glass market growth during the forecast period.
The increasing number of smart city initiatives in emerging economies and rising construction spending will propel the growth of the construction glass market.
The unavailability of raw resources may limit the growth of the construction glass industry during the forecast period.
COVID-19 Impact Analysis
The outbreak of COVID-19 has wreaked havoc on the worldwide economy, causing financial losses in the global construction glass industry as well. Due to the widespread cancellation of construction projects, the construction glass market experienced a significant drop. In addition, the construction of high-rise buildings was also suspended in developed and emerging economies, resulting in a drop in demand for construction materials. Furthermore, a large gap in supply chains, as well as the closure of manufacturing units during the crisis, has resulted in a decrease in the market value.
Regional Analysis
Asia-Pacific, followed by Europe, is forecast to hold the highest market share due to the increasing number of construction activities. In addition, the market is forecast to witness tremendous growth due to rising smart city initiatives and growing urbanization. In addition, the growing living standards of the population and increasing employment rate will benefit the Asia-Pacific construction glass market during the forecast period.
Competitors in the Market
AGC Glass Company North America, Inc.
AGNORA
Central Glass Co. Ltd.
China Glass Holdings Limited
Compagnie de Saint-Gobain S.A.
Guardian Industries Corp Ltd.
JE Berkowitz, LP
Nippon Sheet Glass Co. Ltd.
PPG Industries, Inc.
S.A. Bendheim Ltd.
Saint-Gobain S.A.
Schott AG
Sisecam Group
Xinyl Gas Holdings Limited
Other Prominent Players
Market Segmentation
The global construction glass market segmentation focuses on Type, Chemical Composition, Manufacturing Process, Application, and Region.
Based On Type
Low-E glass
Hard Coat Low-e Glass
Soft Coat Low-e Glass
Solar Control Low-e Glass
Special glass
Flat Glass
Laminated Glass
Toughened Glass
Others
Based on Chemical Composition
Soda-Lime Glass
Potash-Lime Glass
Potash-Lead Glass
Based on Manufacturing Process
Float Glass Process
Rolled/Sheet Process
Based on application
Residential
Commercial
Based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America