Construction Glass Market Size Expected to Surge with Increased Adoption by 2033

The global construction glass market is predicted to be valued at $52.7 billion in 2023, growing at a 7.0% CAGR to $103.6 billion by the end of 2033.

The growing demand for energy-efficient and sustainable buildings is driving up the adoption of high-performance construction glass with low-E coatings and other energy-efficient features, generating enormous potential opportunities for construction glass market players.

Construction glass products such as low-e glass and electrochromic glass help to reduce energy consumption and improve indoor comfort while also providing a clear view of the outside environment. As smart cities continue to develop coupled with favorable government initiatives, the demand for construction glass is likely to increase as more buildings are constructed to meet energy efficiency and sustainability standards.

Other considerations include government rules and standards to encourage the use of sustainable construction materials and reduce carbon emissions, as well as an increased need for building safety and security. Tempered glass, laminated glass, and bullet-resistant glass are increasingly utilised to safeguard business and residential structures from break-ins and natural calamities.

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Key Takeaways from Market Study:

• The global construction glass market is projected to grow and reach a valuation of US$ 103.6 billion by 2033
• The market is estimated to create an opportunity of US$ 54.4 billion growing at a CAGR of 7.0% between 2023 to 2033
• Predominating market players include AGC Co, Saint Gobain, Fuyao Glass Industry Group, Guardian Industries, and Vitro Glass
• Europe is a prominent region that is estimated to hold a market share of 29.8% in 2023
• By manufacturing process, the float process accounts for the prominent share of the market

“Surging Demand for Energy-efficient Buildings is Likely to Drive Construction Glass Market During the Assessment Period” says a Fact.MR analyst.

Market Growth Stratagems:
Product innovation, strategic collaborations, and expansion into new areas are among the primary growth tactics used by building glass industry participants.
Companies are increasing their global presence by entering new areas, either organically or through acquisitions, in order to capitalise on rising demand in emerging economies. Furthermore, corporations are spending in R&D to create new and innovative products that match the changing market expectations.

In January 2022, Vitro Architectural Glass, a top maker of high-performance glass, introduced the Vitro Solarban R77 low-e glass. This product offers improved energy performance and solar control.

In December 2021, Guardian Glass, a major producer of flat glass and other high-performance materials, unveiled a new Guardian ClimaGuard SLE product, which provides superior thermal insulation and energy efficiency.

• In November 2021, Saint-Gobain, a French multinational corporation that specializes in construction materials, launched a new SageGlass Harmony product, which provides dynamic shading.
• In September 2021, AGC Inc., a global leader in glass and other high-performance materials, launched a solar control glass product, Stopray Ultra-70T.
• In March 2021, NSG Group, a leading manufacturer of glass and glazing products, launched a new ultra-clear, low-iron glass product called Pilkington Optiwhite OW.

Old Source: https://www.globenewswire.com/news-release/2023/04/26/2654759/0/en/Construction-Glass-Demand-is-Rising-at-a-CAGR-of-7-0-to-Top-US-103-6-Billion-by-2033-Fact-MR-Research.html