Global construction glass market was valued at US$ 110.9 Bn in 2022 and is projected to reach a valuation of US$ 190.3 Bn by 2030 at a CAGR of 6.98% during the forecast period 2023–2030.
Construction glass is a versatile material that finds use in various applications, such as windows, doors, facades, partitions, and others. These glass products are designed to deliver a range of benefits, including energy efficiency, noise reduction, safety and security, and aesthetic appeal. The use of construction glass in the construction industry is widespread, with residential, commercial, and industrial buildings all utilizing these products.
Windows, doors, skylights, partitions, curtain walls, and glass facades are some of the most common applications of construction glass. These glass products are essential in creating modern buildings that prioritize energy efficiency, safety, security, and noise reduction. In addition, construction glass is a popular choice for its aesthetic appeal, as it allows architects and designers to create unique and visually appealing structures.
The growth of the global construction glass market is driven by various factors, including the need for energy-efficient and eco-friendly building materials, safety, security, and noise reduction. As the construction industry continues to evolve, new innovations in construction glass are being developed to meet the changing needs of the industry. Some of these innovations include electrochromic glass, which can switch between clear and opaque states, and smart glass, which can change transparency in response to external factors.
To Get more Insights, Request A Free Sample
Market Dynamics:
Drivers:
Increasing Demand for Energy-Efficient Buildings
The demand for energy-efficient buildings has been growing steadily in the global construction glass market over the past few years, driven by concerns about climate change and the need to reduce greenhouse gas emissions. Energy-efficient buildings are designed to use less energy for heating and cooling, which not only reduces the environmental impact but also leads to lower energy bills for the building owner.
One of the key components of energy-efficient buildings is construction glass. Glass is often used in windows, doors, facades, and skylights, and its energy performance is critical to the overall energy efficiency of the building. By using construction glass products with high insulation properties, building owners can reduce the amount of heat loss or gain through windows and other glazed areas, which in turn leads to lower heating and cooling costs.
In addition to the demand from building owners, there are also regulatory factors driving the growth of the construction glass market. Governments around the world are increasingly implementing building codes and regulations that require the use of energy-efficient building materials, including construction glass. For example, the European Union has established the Energy Performance of Buildings Directive, which requires all new buildings to be nearly zero-energy by 2021. This has led to increased demand for construction glass products that meet these energy performance requirements.
Advancements in Glass Technology
Advancements in glass technology have greatly impacted the demand for construction glass in recent years, resulting in the development of new construction glass products with improved safety, durability, energy efficiency, and aesthetic appeal. The most significant advancements include tempered glass, which is stronger and more durable than regular glass and is commonly used in applications where safety is a concern. Laminated glass is another important type of construction glass in the global construction glass market that provides improved safety and security, as well as sound insulation and UV protection. Insulated glass, consisting of two or more panes of glass separated by a sealed air space, provides improved thermal insulation, reducing energy consumption and heating/cooling costs. Lastly, smart glass is a new type of construction glass that can change its properties in response to external stimuli, which reduces energy consumption and improves occupant comfort. Smart glass is often used in applications where energy efficiency and occupant comfort are a priority.
These advancements have revolutionized the construction industry by providing architects and builders with more options for their projects. Improved safety, energy efficiency, and aesthetic appeal have become crucial considerations in modern construction, and these new glass technologies provide solutions for these concerns. As the demand for eco-friendly, energy-efficient, and sustainable building materials continues to grow, it is likely that advancements in glass technology will continue to play an important role in shaping the future of construction.
Restraints:
High Cost
The higher cost of some types of construction glass, such as low-emissivity glass and insulated glass, can be a significant restraint on the growth of the global construction glass market. While these products offer improved energy efficiency and other benefits, the higher cost can make them less accessible to builders and homeowners, particularly in regions with lower income levels or stricter budget constraints. As a result, there may be limited demand for these products, which could hinder the growth of the construction glass market. However, as energy efficiency standards become more stringent and the focus on sustainability increases, there may be increased demand for these products, which could offset the impact of the higher cost.
Segmentation Analysis:
By Type:
Based on type, the market is segmented into annealed glass, toughened glass, heat-strengthened glass, energy-efficient glass, extra-clean/ self-cleaning glass, sheet glass, laminated glass, chromatic glass, patterned glass, tinted glass, insulated glazed units and others. The energy-efficient glass segment held the highest segmental share in 2022 based on type in the global construction glass market. This is because there is a growing demand for energy-efficient buildings, which has led to increased adoption of energy-efficient glass products such as low-emissivity glass, insulated glass, and smart glass. These products offer improved thermal insulation, reduced energy consumption, and increased occupant comfort, which are becoming increasingly important considerations in the construction industry. Additionally, there is increasing government and regulatory pressure to adopt sustainable building practices, which is driving demand for energy-efficient construction materials, including glass. As a result, the energy-efficient glass segment is expected to continue to hold the highest segmental share in the global construction glass market in the coming years.
By Composition
The composition of the construction glass market is segmented into various types such as borosilicate, glass fiber, silica, sodium potassium carbonate, lead, and others. Among these, borosilicate glass held the highest segmental share in 2022.
Borosilicate glass is widely used in the manufacturing of laboratory glassware and in the construction industry due to its high strength and durability. This type of glass is resistant to thermal shock and has a low coefficient of thermal expansion, which makes it suitable for applications where high temperatures are involved, such as in oven windows and laboratory equipment. It is also commonly used in lighting applications due to its ability to withstand high temperatures.
Glass fiber is another type of construction glass that is commonly used in the manufacturing of insulation materials for the construction industry. This type of glass is made from fine fibers of glass and is used to reinforce materials such as plastics and concrete, making them stronger and more durable.
By Manufacturing Process
In terms of manufacturing process, the market is segmented into rolled process and float process. The float process manufacturing process held the highest segmental share in the construction glass market based on the manufacturing process in 2022. The float process is a common method used to manufacture flat glass and involves pouring molten glass onto a bath of molten tin, which then cools and solidifies into a flat sheet of glass. This process offers several advantages over other methods of glass production, including the ability to produce large, high-quality glass sheets with consistent thickness and optical quality.
To Understand More About this Research: Request A Free Sample
By Application:
Based on application the construction glass market is segmented into walls, shop fronts, public places, skylights, aquariums, bridges, ICUs, meeting rooms, fire-resistant doors, others. Walls (Facades) held the highest segmental share in 20222. Facades and curtain walls are exterior building components that are made primarily of glass and are used to provide insulation and weather protection while allowing natural light to enter the building. Glass used in facades and curtain walls may be clear or tinted and may include additional features such as low-e coatings or laminated glass for improved energy efficiency and safety.
By Region
As of 2022, the Asia Pacific region continues to dominate the global construction glass market. The region is home to some of the world's largest economies, including China, India, and Japan, which have experienced significant growth in construction activities over the past decade. The increasing demand for residential and commercial buildings, coupled with government initiatives aimed at promoting energy efficiency in buildings, has driven the growth of the construction glass market in the Asia Pacific region.
Moreover, the Asia Pacific region houses many of the world's largest manufacturers of construction glass. Leading companies such as China National Building Material Company (CNBM), Asahi Glass Co., Ltd., Nippon Sheet Glass Co., Ltd., and Central Glass Co., Ltd. have established a strong presence in the region and are well-positioned to meet the growing demand for construction glass in the Asia Pacific market.
The growth of the Asia Pacific construction glass market is also driven by technological advancements in the production of high-performance glass products that offer improved safety, energy efficiency, and aesthetic appeal. For example, the development of tempered glass, laminated glass, insulated glass, and smart glass has significantly expanded the application of construction glass in various industries such as construction, automotive, and electronics. The growing demand for these products in the Asia Pacific region is expected to further drive the growth of the construction glass market in the coming years.
Competitive Landscape:
The global construction glass industry is a highly competitive and consolidated market, with the top 10 players accounting for more than 65% of the industry's revenue. This indicates that the market is dominated by a few major players, which have a significant impact on the industry's growth and direction.
List of Key Companies Profiled:
Segmentation Overview:
By Type
By Composition
By Manufacturing Process
By Application
By Region
Report Attribute | Details |
---|---|
Market Size Value in 2022 | US$ 110.9 Billion |
Expected Revenue in 2030 | US$ 190.3 Billion |
Historic Data | 2018-2021 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Unit | Value (USD Bn) |
CAGR | 6.98% (2023-2030) |
Segments covered | By Type, By Composition, By Manufacturing Process, By Application, By Region |
Key Companies | AGNORA, Asahi Glass Co. Ltd., Bendheim Glass, Central Glass Co., Ltd., China Glass Holdings Limited, Compagnie de Saint-Gobain S.A., Fuso Glass India Pvt. Ltd., Guardian Industries Corp., Gulf Glass Industries., Nippon Sheet Glass Co. Ltd., PPG Industries, Inc., Schott AG, Other Prominent Players |
Customization Scope | Get your customized report as per your preference. Ask for customization |
The Global Construction Glass Market was valued at US$ 110.9 Bn in 2022.
The market is estimated to register a CAGR of 6.98% during the forecast period 2023-2030.
Growing demand from construction industry is the factor driving the market.
Regulations for carbon dioxide emissions is acting as a restraint for market growth.
The various segmentations considered to analyze market growth are based on type, composition, manufacturing process, application, and region.
Increasing demand for glass in construction industry is expected to provide an opportunity for market growth.
Energy efficient glass segment held the highest segmental share in 2022, based on type.
Borosilicate held the highest segmental share in 2022.
Walls (Facades) is the highest application segment of 2022.
Manufacturers is the highest Sales channels segment of the Construction Glass Market.
Asia-pacific dominates the global Construction Glass Market in 2022.
The key players in the Construction Glass Market are AGNORA, Asahi Glass Co. Ltd., Bendheim Glass, Central Glass Co., Ltd., China Glass Holdings Limited, Compagnie de Saint-Gobain S.A., Fuso Glass India Pvt. Ltd., Guardian Industries Corp., Gulf Glass Industries., Nippon Sheet Glass Co. Ltd., PPG Industries, Inc., Schott AG among others.
LOOKING FOR COMPREHENSIVE MARKET KNOWLEDGE? ENGAGE OUR EXPERT SPECIALISTS.
SPEAK TO AN ANALYST