September 2024
Construction Glass Market (By Product Type: Special Glass, Low-e Glass; By Chemical Composition: Soda-lime, Potash-lime, Potash-lead; By Manufacturing Process: Float Process, Rolled/Sheet Process; By Application: Non-residential, Residential) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global construction glass market size was valued at USD 110.25 billion in 2023 and is anticipated to reach around USD 187.25 billion by 2033, growing at a CAGR of 5.44% from 2024 to 2033. The rising demand for construction glass due to its application results in the growth of the construction glass market.
Construction Glass Market Overview
The construction glass market refers to glass, which is a hard material that can be brittle, clear, or translucent. The glass-making methods involve fusing. The sand, soda, and a few additional admixtures fused together during this process, and the mixture quickly cooled. The glasses are used in engineering for architectural and building applications.
There are many different types of construction glass, including float glass, shatterproof glass, laminated glass, extra clean glass, chromatic glass, tinted glass, toughened glass, glass blocks, glass wool, and insulated glazed units. The construction glass market is driven by the rising popularity of glass properties and the rising demand for construction glass due to its application.
The construction glass market is fragmented with multiple small-scale and large-scale players, such as AGC Inc., Central Glass Co. Ltd., Compagnie de Saint-Gobain S.A., Corning Incorporated, CSG Holding Co. Ltd., Guardian Industries (Koch Industries Inc.), Nippon Electric Glass Co. Ltd., PPG Industries Inc., Schott AG, Sisecam, Xinyi Glass Holdings Limited.
Report Coverage | Details |
Growth Rate from 2024 to 2033 | CAGR of 5.44% |
Construction Glass Market Size in 2023 | USD 110.25 Billion |
Construction Glass Market Size in 2024 | USD 116.25 Billion |
Construction Glass Market Size by 2033 | USD 187.25 Billion |
Largest Market | Asia Pacific |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | By Product Type, By Chemical Composition, By Manufacturing Process, and By Application |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Drivers
Rising popularity of properties of construction glass
The rising popularity of glass properties can boost the construction glass market. The properties of construction glass include transparency, strength, workability, transmittance, U value of glass, and recycling property. Due to these properties, the construction glass industry is driving the glass market.
Rising building construction
The rising building construction can grow the construction glass market. As more buildings go up, the need for construction glass also increases because the application of construction glass includes windows, skylights, floors, aquariums, bridges, stain-proof, aesthetics, ICUs, meeting rooms, insulation, wall constructions, and fire-resistant doors. So, the rising demand for construction glass due to its application resulted in the growth of the market.
Restraint
Unsafe for earthquakes in prone areas
The construction glasses are unsafe for earthquakes in prone areas, which may slow down the construction glass market. The use of construction glasses in earthquake-prone areas is very dangerous because the construction glasses are brittle; hence, the chances of breaking down or collapsing are higher. There is no advanced technology that can make construction glass earthquake-resistant material, which slows down the market.
Opportunity
Growing production of smart construction glass
The growing production of smart construction glass is an opportunity to grow the construction glass market. Smart construction glasses are also known as switchable glasses. The glasses that, with the application of an electric current to another stimulus, can change its characteristics related to light transmission. Over the next five years, smart construction glasses are anticipated to grow more advanced and popular, which is an opportunity to grow the market.
The special glass segment dominated the construction glass market by product type, in 2023. The distinctive characteristics of special glass, which are suited for architectural requirements and include energy efficiency, safety, and aesthetics, are responsible for its domination in the construction glass industry. Specialized varieties, such as insulated glass, tempered glass, and low-emissivity glass, are more common in the industry because they provide answers to a variety of problems in contemporary building design.
The flat glass segment is expected to grow at the highest CAGR in the construction glass market by product type during the forecast period. The growing need for large-scale architectural projects, such as skyscrapers and commercial buildings, which call for significant use of flat glass for facades, windows, and partitions, is likely to drive growth in the flat glass segment of the market. Furthermore, technological developments have resulted in enhanced production procedures, rendering flat glass more economical and adaptable for an extensive array of building uses.
The soda-lime segment dominated the construction glass market by chemical composition in 2023. The limestone, soda ash, and silica (sand) combine to form soda-lime glass. When compared to other forms of glass, soda-lime glass is a more affordable and easily obtainable alternative for building applications because of these raw ingredients. Because of its extreme versatility, the soda-lime glass may be used for a wide range of construction-related applications, including doors, windows, facades, and partitions; because of its adaptability, architects, and builders are looking for a material that can satisfy a variety of functional and design criteria like. Soda-lime glass is robust enough for many building purposes, even if it isn't as tough as other specialist glasses like tempered or laminated glass. It is appropriate for long-term usage in structures since it can resist chemical corrosion and regular environmental stressors.
The potash-lime segment is expected to grow at the highest CAGR in the construction glass market by chemical composition during the forecast period. Potash-lime glass, often referred to as potassium-lime glass, has certain qualities that make it appropriate for niche uses in the building sector. The potash, or potassium oxide, is usually present combined with silica and lime. These extra ingredients may provide the glass with special properties like stronger chemical resistance and heightened resistance to heat shock. The growing need for high-performance building materials and the evolution of construction processes have led to a growing interest in glass compositions that offer greater utility. Because of its unique qualities, potash-lime glass fits nicely with these new trends by meeting certain needs in terms of architecture and design. In order to reduce heat transmission via windows and facades, potash-lime glass compositions may include coatings or additives.
The float process segment dominated the construction glass market by manufacturing process in 2023. Potash-lime glass, often referred to as potassium-lime glass, has certain qualities that make it appropriate for niche uses in the building sector. Potash, or potassium oxide, is usually present when combined with silica and lime. These extra ingredients may provide the glass with special properties like stronger chemical resistance and heightened resistance to heat shock.
The growing need for high-performance building materials and the evolution of construction processes have led to a growing interest in glass compositions that offer greater utility. Because of its unique qualities, potash-lime glass fits nicely with these new trends by meeting certain needs in terms of architecture and design. Additives or coatings intended to increase energy efficiency by lowering heat transmission through windows and facades may be used in potash-lime glass compositions.
The rolled/sheet process segment is expected to grow at the highest CAGR in the construction glass market by manufacturing process during the forecast period. The applications used in the building sector. This includes items like low-iron, wired, and patterned glass, which are frequently used as privacy screens, ornamental elements, or in locations where security and safety are top priorities.
The industry for rolled/sheet process glass is expected to develop as demand for these specialist goods rises. The thickness, texture, and other characteristics of rolled or sheet glass may be readily altered to satisfy the particular needs of architectural projects. There is a growing trend among architects and designers to look for glass solutions that combine aesthetic appeal with practical functionality. The flexibility required to produce bespoke glass items that complement current design trends is made possible by the rolled/sheet technique.
The non-residential segment dominated the construction glass market by application in 2023. Construction glass is frequently used extensively in non-residential structures, including offices, retail establishments, hotels, and industrial facilities, for aesthetic reasons, natural illumination, and energy efficiency. The glass is frequently used in modern architecture because of its clean, modern look and capacity to create spacious, welcoming areas. This tendency is especially noticeable in public and commercial spaces.
The utilization of high-performance glass materials can help non-residential buildings satisfy the energy efficiency criteria that are frequently mandated by building codes and regulations. The technology advancements in the glass industry have produced stronger, lighter, and more energy-efficient glass products, enhancing their appeal for use in non-residential settings.
The residential segment is expected to grow at the highest CAGR in the construction glass market by application during the forecast period. There is an increasing tendency toward infrastructural development and urbanization, which is driving up demand for residential real estate. Second, as technology advances, more and more energy-efficient and smart glass solutions are being used in residential buildings, which is raising the cost of these products. Great-quality glass is in great demand in residential buildings due to aesthetic preferences and the need for natural light, which raises its market value even more.
Asia Pacific dominated the construction glass market by region in 2023. Increasing economic growth in several Asia Pacific nations, including China, India, and Indonesia, has raised investments in infrastructure and building projects. With millions of people relocating to cities annually, Asia Pacific is seeing a major increase in urbanization. This fuels the need for new structures for commercial, industrial, and residential use, as well as new infrastructure. Infrastructure development is frequently given top priority by regional governments as a component of their plans for economic expansion. They fund large-scale initiatives like smart cities, power plants, and transportation networks. Due to the region's huge and expanding population, there is a need for homes, hospitals, schools, and other critical institutions.
North America is expected to grow at the highest CAGR in the construction glass market by region during the forecast period. The population of North America is continuing to rise, which is driving up demand for both residential and commercial development, including structures requiring glass for facades, windows, and interior design. As a result of North American urbanization trends, there is a greater emphasis on the construction of high-rises and skyscrapers, many of which make considerable use of glass for both energy efficiency and aesthetic appeal. Environmental concerns and government requirements are driving an increasing trend toward the renovation and retrofitting of older buildings with energy-efficient glass solutions.
Segment Covered in the Report
By Product Type
By Chemical Composition
By Manufacturing Process
By Application
By Geography
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