Construction Glass Market Research Report 2019 published By Market Research Future, provides information on Global Construction Glass Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Application (Commercial, Residential, and others), By Type (Flat Glass, and Special Glass) and Region - Global Forecast To 2022 —
Global construction glass market report, published by Market Research Future, forecasts that the global market is expected to garner a higher CAGR by 2022. Some prominent regions are earning highest revenues since many years and is expected to maintain its lead in the coming years as well.
Glass covering in any building strongly influences modern architectural design. The creative use of glass such as large windows, glass doors, roof lights, and many other applications, makes buildings and houses look modern, energy efficient, and inviting as well. Glass is one of the sophisticated and versatile materials that are being used heavily in the recent construction industry. Extensive use of glass helps in creating a hi-tech look to the buildings.
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Looking at the broad spectrum of construction materials, construction glass is one of the most widely used construction material. It is typically translucent glazing material which is preferred for external walls and windows, having numerous properties such as electric resistant, flexible in molding, resistant to climatic conditions, and sustainable. With the technological advancements in construction glass, these are comparatively lighter and tougher than the traditional ones.
The key players of the global construction glass market are-
• S.A. Bendheim Ltd. (U.S.)
• AGC Glass Company North America, Inc.(U.S.)
• Schott AG (Germany)
• Central Glass Co. Ltd. (Japan)
• PPG Industries, Inc. (U.S.)
• Saint-Gobain S.A. (France)
• Nippon Sheet Glass Co. Ltd. (Japan)
• JE Berkowitz LP (U.S.)
• AGNORA (U.S.)
• Guardian Industries Corp Ltd (U.S.).
March 09, 2019: Fairfax County, Va., is on a verge of repurposing glass for construction project. The news continues as, Fairfax County, Va., officials are eyeing new uses for old, nonrecyclable glass materials. The county has turned to using crushed glass for a construction project for the first time.
In 2017, PPG agreed with Nippon Electric Glass for sale of remaining fiberglass operations
In 2016, PPG agreed with Vitro for sale of flat glass operations
February 27, 2017, Saint-Gobain’s flat glass segment increased sales by 6.5 percent in 2016, according to the company’s latest financial release.
Dec 6, 2016, French group Saint-Gobain takes over Romania's Pietta Glass Working
Global Construction Glass Market Drivers & Trends
The current time has observed the rising adoption of energy saving construction materials coupled with demand for advances infrastructural projects, mainly in developing regions. This factor has broadly augmented the construction glass market growth with positive attributes. Also, the need for natural light influx in buildings for gaining energy has increased with time, which is turn has helped the market to grow consistently through the forecast period. This results in reduced carbon emissions and energy consumptions that has bolster the market for construction glass in splendid ways.
Construction glass, further, is considered as the most profitable alternative for most of the traditional building materials such as brick, wood, and polycarbonate. The global construction glass market is also expected to witness a substantial growth in the forecast period over the factors such as safety, security, and environmental sustainability, which are offered by the technologically advanced construction glass. Some of the glasses become rigid and resistant to breakage, when thermally treated, while some other glass type offer sun protection, reduced reflection, low heat emissivity, temperature control, and self-cleaning properties.
Furthermore, in the recent scenario, many construction companies and owners are coming up with creative ways of using construction glass materials for designing both the exterior and the interior of buildings. Most of all, the growing investment are being made in the global residential sector, which is also adding tremendous growth of the market.
However, on the flip side, factors such as high raw material costs and economic downturn of certain regions can restrain the construction glass demand in the forecast period.
Global Construction Glass Market Segmentation
Market Research Future Report offers a comprehensive segmental analysis of the global construction glass market that is listed on the basis of applications, type, and regions.
By the mode of applications, this market segment includes commercial, residential, and others. Construction glass is used extensively in residential construction, which accounts for the largest share of the market, owing to increase in construction activities for residential purposes.
By the mode of type, the market segment includes flat glass and special glass. Among these, special glass tops in the market share attributing to enhanced features such as safety of home from external protection from UV rays and noise pollution.
Region wise, Asia-Pacific is expected to lead the global construction glass market, owing to several developments in the building construction industry in the latest. The rise in population and the increase in disposable income of the people is also multiplying, hence, booming in the construction industry and directly the global construction glass market. Moreover, increased adoption of construction glass is highly observed in countries such as India, Thailand, and Malaysia, which has supplemented the market growth in broader ways.
Whereas, North America is observing maturity in the global construction glass market due to extensive varieties are being implemented in construction of buildings and homes. The overall construction industry is projected to grow with public and educational buildings and non-residential sector thriving. Also, positive construction scenario in the U.S. will support the growth of the region during the forecast period.
In Europe, construction glass market growth has reached to its highest-level owing to European norms that are regulating greenhouse and carbon emissions. The robust economic growth of the region has also positively influenced public finances, corporate profits and household incomes that have resulted in favourable construction demand and are supporting the growth of the industry.
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