Construction Glass Market To Witness Rapid Growth In Demand During 2022 – 2031 : FactMR

Fact.MR’s report predicts that the global construction glass market will surpass market revenue of US$ 90 Bn by registering a CAGR of 7% in the assessment period 2021-2031. Increasing urbanization has led to the rapid construction of buildings in major cities. This, in turn, has escalated the sales of construction glass.

For the last five years, between 2016-2020, the construction glass industry garnered a market value of US$ 46 Bn by the end of the aforementioned period. Owing to the COVID-19 pandemic, the construction industry suffered a major setback due to restrictions on movement. As the impositions on movement are being lifted, the construction glass industry is expected to regain sales.

Companies are largely focusing on environmentally- friendly construction glass. In addition, the demand from the residential and commercial sector is boosting the sales of construction glass. Furthermore, construction stakeholders are vying to achieve energy efficiency with regards to electricity consumption, encouraging the usage of glass which can absorb sunlight, reducing the load on lighting systems across key countries.

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Key Segments

• Type

  • Low-e Glass
  • Special Glass

• Chemical Composition

  • Soda-Lime
  • Potash-Lime
  • Potash-Lead

• Manufacturing Process

  • Float Process
  • Rolled/Sheet Process

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Key Takeaways from the Market Study

• Float glass expected to hold highest share, expanding at over 4% CAGR
• Demand for special glass to surge substantially, accounting for a market share worth 40%
• Europe to generate around 30% of market revenue for construction glass industry.
• Construction glass industry is expected to register a CAGR around 5% throughout Europe
• China, India and Germany are the top three countries driving demand for construction glass.
• Asia Pacific is the most lucrative region and will generate over 40% revenue until 2031

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global construction glass market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study indulges essential insights on the market on the basis of type (low-e glass and special glass), chemical composition (Soda-Lime, Potash-Lime, Potash-Lead), manufacturing process (float process and rolled/sheet process) and across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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