The latest research study “Construction Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global construction glass market reached a value of US$ 96.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 142.15 Billion by 2027 exhibiting a CAGR of 6.30% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Construction glass represents a translucent, solid, and glazing material that is widely used for numerous structural applications in buildings. Some of the commonly available variants include shatterproof, laminated, float, sheet, chromatic, tinted, wired, toughened, etc. Construction glass offers several beneficial properties, such as transparency, excellent thermal insulation, superior workability, recyclability, resistance to electricity, chemicals and water, etc. Consequently, it finds extensive applications in construction activities across the residential, commercial, and industrial sectors.
Global Construction Glass Market Trends and Drivers:
The inflating need for energy-efficient temperature management is primarily driving the construction glass market. In addition to this, the widespread product adoption as a sustainable alternative to traditional building materials, including bricks, wood, and polycarbonate (PC), owing to its various advantages, such as light weight, cost-effectiveness, high strength, environmental friendliness, etc., is further catalyzing the market growth. Moreover, the launch of several favorable policies by government bodies to promote green construction practices for reducing carbon emissions and energy consumption is acting as another significant growth-inducing factor. Besides this, the growing investments in the renovation or modernization of the existing infrastructures are also bolstering the global market. Furthermore, the introduction of advanced product variants for increasing the influx of natural light in the building and enhancing the aesthetic appeal of the interiors is projected to fuel the construction glass market in the coming years.
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The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are 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., Nippon Sheet Glass Co. Ltd., PPG Industries Inc., Schott AG, Sisecam and Xinyi Glass Holdings Limited.
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