In 2021, the construction glass market generated $93.96 billion, which is set to touch $161.46 billion by 2030, advancing at a compound annual growth rate of 6.20%. This is owing to the economic development in various countries, rise in the number of government-led infrastructure projects, and increase in the requirement for houses owing to the skyrocketing population and rapid urbanization.
Growing Application of Flat Glass Propels Special Category
The special category holds the larger share of the industry. This is because of the surging usage of flat glass in residential and commercial buildings, as this product offers protection from UV rays and provides insulation.
Moreover, the float process category will have the higher CAGR in the coming years. In the manufacturing industry, float glass is frequently used due to its excellent chemical inertness, high light transmissibility, and capacity to be formulated in a variety of opacities and colors.
Download sample copy of this report: https://www.psmarketresearch.com/market-analysis/construction-glass-market/report-sample
Product Demand for Commercial Applications Will Grow Rapidly
The commercial category had the larger share in 2021, and it is predicted to have the higher CAGR, of 7.3%, over the projection period. Glass is increasingly being used in skyscrapers because of its versatility and adaptability.
Additionally, the material provides innovative interior design options that enhance space utilization, create the impression of light, and amplify the color of the building interiors.
Soda-Lime Glass Consumption Boosts Market Growth
The market for construction glass is dominated by products made from soda lime, and this trend is expected to continue in the future. Soda-lime glass is economical and easy to manufacture, has a low melting point, and is resistant to de-vitrification and moisture.
Where chemical stability and high temperature resistance are required in construction, glass made form soda lime is utilized in various applications, including plate glass, windows, and exteriors.
Browse detailed report on Construction Glass Market Trends, Development and Demand Forecast to 2030
APAC Is Major Revenue Generator
APAC accounts for an over 40% share, and it is predicted that this region will maintain its dominance in the future. The key drivers for the growth of the regional industry are the rapid industrialization, snowballing construction in China and India, and growing demand for environment-friendly materials.
In the long run, Europe will grow at a substantial rate, which is attributable to the industry’s technical development and the launch of new products in the region.
Furthermore, moderate growth is expected in North America during the next few years. The residential sector is boosted by the low mortgage rates, strong desire for larger houses, and growth in the inventory of housing units.
Construction Glass Market Size Breakdown by Segment
By Type
By Chemical Composition
By Manufacturing Process
By Application
Regional Analysis
Browse More Reports Published by P&S
Construction Equipment Market Size and Share Analysis by Product, Propulsion Type, Application, Power Output – Global Industry Demand Forecast to 2030
Building and Construction Plastics Market Analysis by Type, Application – Global Industry Demand and Growth Forecast to 2030
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Media ContactCompany Name: P&S IntelligenceContact Person: AbhishekEmail: Send EmailPhone: +918887787886Address:Noida Sector 2 City: NoidaState: UPCountry: IndiaWebsite: https://www.psmarketresearch.com/market-analysis/construction-glass-market
