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Construction Glass Market Size Forecast to Reach $163.56 Billion by 2025


Construction Glass M

iCrowdNewswire   Jan 28, 2021  5:00 AM ET

Construction Glass Market size is forecast to reach $163.56 billion by 2025 after growing at a CAGR of 7.3% during 2020-2025. Construction glass is one of the most widely used construction materials owing to its broad spectrum of properties. Construction glass is typically translucent glazing material used for external walls and windows. The growth of the market of construction glass is expected to be driven by the high demand from the building and construction industry.

Construction Glass Market Segment Analysis – By Type

Float Glass segment held the largest share in the construction glass market in 2019. Float glass is sometimes called soda-lime or transparent glass. This is created by the melting of the molten glass and is clear and smooth. The rupture module is 5000-6000 psi. It is available in normal thicknesses from 2 mm to 20 mm. And has a weight range of 6-26kg / m2. It has too much openness and can give rise to glare. It is used in the manufacture of canopies, shop fronts, glass blocks, railing partitions, and others.

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Construction Glass Market Segment Analysis – By Manufacturing Process

Float glass process held the largest share in the construction glass market in 2019. The Float Glass Process is used to make high-quality, flat glass for the construction and automotive industry. In the float glass process, a continuous strip of molten glass, heated to more than 1000 degrees Centigrade is poured from a furnace on to a large shallow bath of molten metal, usually tin. The glass floats and cools on the tin and spreads out to form a flat surface. The speed at which the controlling glass ribbon is drawn determines the thickness of the glass. The glass is now perfectly flat and parallel. Rollers are used across the top of the glass, pulling or stretching it out to achieve a thinner finished product. This factor will drive the growth of construction glass market in the forecast period.

Construction Glass Market Segment Analysis – By Glass type

Potash-Lead glass held the largest share in the construction glass market in 2019. It is mainly a mixture of potassium silicate and lead silicate. It possesses bright luster and great refractive power. It is very hard and have high melting point. It is also more resistant to action of acids. It is used in the manufacture of artificial gems, electric bulbs, lenses, prisms, and others.
Soda-lime glass held the second-largest share in the construction glass market. It is mainly a mixture of sodium silicate and calcium silicate. It is fusible at low temperature. In the fusion condition it can be blown or welded easily. It is colorless. It is used as window panes and for the laboratory tubes and apparatus. Soda lime glass, also known as soda-lime-silica glass or window glass, is the most common and least expensive type of glass. It contains about 70% silica, along with soda, lime, and small amounts of other compounds. The soda lowers the temperature at which the silica melts, while the lime stabilizes the silica. About 90% of glass manufactured is soda-lime. It’s chemically stable, often inexpensive, and is very workable because it can be softened multiple times during the fabrication of a product. It is a softer glass, which is an asset because it makes fabrication via cutting easier, but this does mean it is less scratch-resistant than other types of glass, such as borosilicate. These factor will drive the growth of market in the forecast period.

Construction Glass Market Segment Analysis – By End Use

Residential segment held the largest share in the construction glass market in 2019 growing at a CAGR of 8%. Rising in the disposable income with increase in standard will driving the residential segment. By 2020, construction output is estimated to grow by 70% to $12.7 trillion and will account for 14.6% of the world output with some of the larger emerging markets such as China, India, Russia, Brazil and Poland driving growth, along with U.S. Global GDP growth of 3.5% and 3.6% is expected in 2017 and 2018 respectively however the meteoric growth that outpaces global GDP will be concentrated in countries like China, India and U.S. India will overtake Japan as the third-largest construction market with annual growth averaging 7.4% annually in construction. These factors will drive the growth of market in the forecast period.
The coronavirus pandemic has had far-reaching consequences beyond the spread of the disease and efforts to quarantine it. Supply Chain Will Be Affected. Many factories worldwide have been shut down during this pandemic which will cause shortages or delays in building material and equipment resulting in delays in construction. Project owners may get nervous and postpone new construction or slow down planned projects. Uncertainty in the economy will result in projects being on hold. This will the market of construction sector for the year 2020. But after situation became normal it will grow with a steady rate in the forecast period.

Construction Glass Market Segment Analysis – By Geography

APAC dominates the construction glass market with a share of 40% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the advancements in the glass industry, and need for energy-efficient temperature management are the key factors that drive the construction glass market growth. Construction glass helps to increase the influx of natural light in the building. This property of glass is used in advanced glazing solutions to significantly reduce the need for heating and cooling in the buildings, consequently reducing energy consumption and associated CO2 emissions. In addition, advancements such as solar control glass, self-cleaning glass, sound-reducing glass, and insulated glazing glass have increased the demand for construction glass products in residential and non-residential constructions.

Construction Glass Market Drivers

Rise in the use of low-e glass reduces energy costs, will drive the growth of market

Low-e glass when applied on the windows helps to block UV light from penetrating the glass from the outside. Therefore the temperature inside the room is maintained. So, there is no requirement of frequent Cooling, which limit the energy needs and reduces the expenditure on energy. Low-e glass are much more energy-efficient, helping you save on heating and cooling costs. The current scenario of world, is mainly focused in the conservation of energy. The commercial building were offices operate have heavy energy load which raises the electricity cost, using these glass can reduce the temperature inside the room which save the air condition uses. These factor will drive the growth of market in the forecast period.

Security, safety, and environmental sustainability will drive the growth of market in the forecast period

Security, safety, and environmental sustainability are expected to drive the market for construction glass in the construction industry. In addition to residential applications, architects are increasingly using natural environmental factors in the interior of buildings by maximizing natural daylight for commercial buildings. This can be primarily accomplished using larger glazed areas in roofs and facades, wherein glass can be used as the main structural component of the building. These factor will drive the growth of market in the forecast period.

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Construction Glass Market Challenges

High Manufacturing Cost can restrict the Growth of the Market

The limitations of using these construction glasses in all commercial buildings lie in the higher costing which builders are most often reluctant to pay. Conversely, using these glasses as mentioned earlier reduces the utility as well as maintenance costs due to which the cost savings over the life of the building will suffice the initial extra investment made on the façade. This factor will hinder the growth of market in the forecast period.

Lack of awareness regarding construction glass among architects will hinder the growth of market

There is also a certain lack of awareness related to the advantages of construction glass which needs to be bridged down by consultants, architects, and designers and promote the use of smart technologies and glasses such as low-e which will end up promoting sustainable practices throughout the Indian building construction sector. This factor will hinder the growth of market in the forecast period.

Construction Glass Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the construction glass materials. In 2019 the market of construction glass has been consolidated by the top five players accounting for xx% of the share. Major players in the construction glass market are S.A. BENDHEIM, LTD., AGC Glass Company North America, Inc., SCHOTT AG, Central Glass Co. Ltd., PPG Industries, Inc., and Others.

Acquisitions/Technology Launches /Product launches

In December 2016, Saint-Gobain acquired Pietta Glass Working, a Romanian firm engaged in manufacturing insulating glazing systems & glass processing for industrial and construction market. The acquisition helped Saint-Gobain to strengthen its manufacturing capacity in Eastern Europe and diversify flat glass product portfolio.

Key Takeaways

Asia-Pacific dominates the construction glass market owing to increasing demand from residential sector.

Advancements in the glass industry and need for energy-efficient temperature management will drive the growth of market in the forecast period.

High prices of these construction glasses will hinder the growth of the market.

Related Reports :

A. Stained Glass Market 

https://www.industryarc.com/Research/Stained-Glass-Market-Research-501451

B. Storefront Glass Market

https://www.industryarc.com/Report/15095/storefront-glass-market.html

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