Construction Glass Market
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2014-2022
Introduction • Global Construction Glass Market is expected to reach $121,877 million by 2022, growing at a CAGR of 7.1% during the forecast period. • The glass possesses properties such as thermal insulation, water proofing, and energy conservation, thus making it a viable option as a building material in construction businesses • Rise in construction industry, advancements in the glass industry, and need for energy-efficient temperature management are the key factors that drive the growth of the market. • Asia-Pacific dominates the construction glass market throughout the forecast period due to growth in regulations and infrastructure development in emerging countries such as India, China, Indonesia, and others.
Key Factors of the Market • Advancements such as solar control glass, self-cleaning glass, sound reducing glass, and insulated glazing glass have increased the demand for construction glass products in residential and nonresidential constructions. • Low-e construction glass is widely used in the construction of residential and nonresidential buildings due to their physical and chemical properties •
Increase in adoption of energy-saving products with new infrastructural and construction projects in the developed and developing regions has supplemented the market growth of low-e glass market.
• The special glass segment is projected to dominate the global construction glass industry throughout the analysis period, owing to the growing desire for convenience, comfort, and aesthetics and increased focus on energy conservation & safety.
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Key Benefits of the Market • In 2015, special glass accounted for the maximum revenue, and is projected to grow at a CAGR of 6.8% during the forecast period. • Nonresidential application segment is expected to grow at a highest CAGR of 7.4% during the forecast period. • China is the major shareholder in the Asia-Pacific construction glass market, accounting for around 44% share in 2015. • In 2015, soda-lime glass accounted for the highest market share, accounting for over 89%, and is projected to grow at a CAGR of 7.0% during the forecast period. • U.S. possessed the largest customer base in North America construction glass market in 2015, and is anticipated to dominate the market throughout the forecast period.
Market Segmentation
Key Players of the Market • • • • • • • • • •
Compagnie de Saint-Gobain S.A. Asahi Glass Co., Ltd. PPG Industries, Inc. Nippon Sheet Glass Co. Ltd. Xinyl Gas Holdings Limited. Central Glass Co., Ltd. China Glass Holdings Limited Guardian Industries Corp. Schott AG Sisecam Group
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