June 22, 2024

Construction Glass Market Size to Worth USD 187.25 Bn by 2033

The global construction glass market size accounted for USD 110.25 billion in 2023 and is predicted to grow around USD 187.25 billion by 2033, growing at a CAGR of 5.44% from 2024 to 2033.

Key Points

  • Asia Pacific dominated the construction glass market by region in 2023.
  • North America is expected to grow at the highest CAGR in the market by region during the forecast period.
  • The special glass segment dominated the market by product type in 2023.
  • The flat glass segment is expected to grow at the highest CAGR in the market by product type during the forecast period.
  • The soda-lime segment dominated the market by chemical composition in 2023.
  • The potash-lime segment is expected to grow at the highest CAGR in the market by chemical composition during the forecast period.
  • The float process segment dominated the market by manufacturing process in 2023.
  • The rolled/sheet process segment is expected to grow to the highest CAGR in the market through the manufacturing process during the forecast period.
  • The non-residential segment dominated the market by application in 2023.
  • The residential segment is expected to grow to the highest CAGR in the market by application during the forecast period.

Construction Glass Market Size 2024 to 2033

The construction glass market encompasses the production and utilization of glass materials in various construction applications such as windows, facades, doors, and skylights. Glass is a versatile material in construction, offering properties like transparency, durability, and thermal insulation. The market includes different types of construction glass, such as float glass, tempered glass, laminated glass, and coated glass, each tailored to specific architectural and functional requirements.

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Growth Factors

Several key factors drive the growth of the construction glass market. One significant factor is the expanding construction industry worldwide, particularly in emerging economies experiencing rapid urbanization and infrastructure development. Additionally, increasing demand for energy-efficient and sustainable building materials has fueled the adoption of specialized glass products that enhance thermal performance and reduce energy consumption. Technological advancements in glass manufacturing processes have also contributed to the growth by enabling the production of larger, stronger, and more innovative glass designs.

Region Insights

Regionally, the construction glass market exhibits varying dynamics. Developed regions like North America and Europe have a mature market characterized by a high level of technological sophistication and stringent building regulations emphasizing energy efficiency and safety. In contrast, emerging economies in Asia-Pacific, Latin America, and the Middle East are witnessing robust growth due to rapid urbanization, infrastructure investments, and a shift towards modern construction practices.

Construction Glass Market Scope

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

 

Construction Glass Market Dynamics

Drivers

The construction glass market is driven by several key drivers, including the growing demand for sustainable building materials to reduce carbon footprint. Glass is favored for its recyclability and potential to enhance natural lighting, reducing reliance on artificial lighting and improving indoor environments. Moreover, rising awareness about energy efficiency and stringent building codes mandating the use of energy-efficient materials propel the demand for specialized glass solutions that contribute to overall building performance.

Opportunities

Amidst evolving architectural trends and technological innovations, the construction glass market offers significant opportunities. There is a rising demand for smart glass technologies that can dynamically adjust transparency or tint based on environmental conditions, enhancing comfort and energy efficiency. Furthermore, the increasing popularity of green buildings and the emphasis on sustainable urban development present avenues for glass manufacturers to innovate and develop eco-friendly products tailored to market needs.

Challenges

Despite the positive outlook, the construction glass market faces challenges, including fluctuating raw material costs and energy-intensive manufacturing processes. Additionally, concerns related to glass’s vulnerability to breakage and maintenance requirements pose challenges, especially in high-rise constructions and extreme weather conditions. Adhering to stringent safety and performance standards while balancing cost considerations remains a persistent challenge for industry players aiming to capture market opportunities effectively.

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Construction Glass Market Recent Developments

  • In October 2023, Pilkington United Kingdom Limited, part of the NSG Group, pioneered a new glass range with 50% less embodied carbon when compared to standard float glass* ‒ representing the lowest carbon product of its kind on the market.
  • In July 2023, HeatCure, a transparent nanotechnology coating, launched its operations in India. The primary function of this nanotechnology-based coating is to block heat gain from glass doors, windows, and facades.
  • In June 2023, Saint-Gobain Glass launched the production of India’s first low-carbon glass. Saint-Gobain India launched the first production of a new glass with a low carbon footprint. The product should have an estimated carbon footprint reduction of approximately 40% compared to the existing Saint-Gobain Glass India products. Such environmental performances could be reached thanks to the use of 2/3rd of recycled content as raw material, natural gas, and electricity from renewable energy sources.

Construction Glass Market Companies

  • 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

Segment Covered in the Report

By Product Type

  • Special Glass
    • Flat Glass
    • Laminated Glass
    • Toughened Glass
    • Others
  • Low-e Glass
    • Hard Coat low-e Glass
    • Soft Coat 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

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

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