“The construction glass market value was US$ 111.7 billion in 2024 and is likely to grow at an impressive CAGR of 5.4% in the long run to reach US$ 153.1 billion in 2030.”
Market Dynamics
Introduction
Construction glass is an all-inclusive term that mainly refers to any kind of glass that has been specially manufactured for construction purposes. It is different from normal glass in that it focuses on factors such as strength, safety in aspects such as shattering, and insulating properties for the purpose of regulating temperatures. Rather, this focus on functionality extends well beyond tallow and oil, and that is why modern construction glass plays a critically important role in both architectural design and buildings’ performance.
Recent Market JVs and Acquisitions:
A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
- In March 2024, the Guardian Glass Business announced a strategic partnership with one of the key tech companies for providing smart hands-on glass products in building construction.
- In February 2024, AGC Inc. divested its Russian companies; AGC Bor Glassworks and AGC Flat Glass Klin LLC to Igor Mikhailovich.
- In June 2023, Corning Incorporated recently completed the share purchase of a European specialty glass maker that would improve Corning’s ability to manufacture specialty architectural glasses.
- In May 2023, Kaycan will make exterior settings, and the acquisition is aimed at beefing up SG’s presence in North America. This was one of their market moves to increase their product portfolio within sustainable construction products.
- In January 2023, the production facilities of the Chinese joint venture SCHOTT Xinkang were brought fully under SCHOTT AG control by purchasing the remaining shares and increasing its market share in Asia.
Recent Product Development:
- In February 2023, AGC and Saint-Gobain joined to create a low-carbon glass production line to try to decrease carbon dioxide emissions.
- In February 2023, Saint-Gobain collaborated with AGC to develop the flat glass production to be environmentally friendly conforming to the carbon neutrality plan.
- In January 2023, a Company called NSG Group applied their energy-saving electrochromic glass into “Kudan Kaikan Terrace” in Japan to improve the energy effectiveness of buildings.
- In January 2023, Guardian Industries launched SunGuard SNX 51/23, solar control glass for buildings & consisting of high thermal insulation for efficient energy utilization.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Type Analysis
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Low-E Glass, Special Glass (Double Glazing Glass, Laminated Glass, and Other Special Glass.
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Low-E glass is said to be dominating by type of the market for construction glass.
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Manufacturing Process Analysis
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Float Glass Process and Rolled/Sheet Process.
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The float glass process is said to be the largest of the market for construction glass.
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Chemical Composition Analysis
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Soda-Lime, Potash-Lime, and Potash-Lead.
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Soda-lime holds the largest share in the chemical composition of the market for construction glass.
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Application Analysis
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Residential, Commercial, and Other Applications.
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The commercial is said to be dominated by the application of the market for construction glass.
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Region Analysis
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Asia-Pacific, Europe, North America, and The Rest of the World.
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Asia-Pacific is the largest and the fastest-growing region of the market for construction glass.
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By Type
“Low-E Glass is said to be dominating by type of the market during the forecast period”.
- The market is segmented into Low-E Glass and Special Glass (Double Glazing Glass, Laminated Glass, and Other Special Glass).
- Due to the thermal break and balance, Low-E glass stands for the majority of the overall market since this type of glass has a thin layer of metallic coating to reflect the heat in the infrared range while passing the light visible to the human eye. This helps to reduce heating and cooling costs at a time when costs are high and environmental legislation is stringently implemented hence increasing demand.
- Also, the embracing of Low-E glass improves comfort due to low glare and capabilities of blocking up to 99% of UV rays hence safeguarding the interior and occupants. Such qualities as energy efficiency and protection from UV radiation make it more popular compared to other special glass types like double glazing and laminated glass.
By Manufacturing Process Type
“?Float Glass Process is said to be the largest of the market during the forecast period”.
- The market is segmented into Float Glass Process and Rolled/Sheet Process.
- The float glass process is widely used because it is capable of churning out flat glass that is of good quality, free from distortions at a cheap price. Float glass is produced by placing the molten glass on the molten tin creating large flattened sheets with excellent optical properties suitable for contemporary architectural and automotive use.
- Low-E glass expansions and the potential of incorporating other adequate coatings also place it in a dominant frontier. These factors of flexibility and economy place the float glass process in a better position compared to other methods such as rolled or sheet glass production.
By Chemical Composition Type
“Soda-Lime holds the largest share in the chemical composition of the market during the forecast period”.
- The market is segmented into Soda-Lime, Potash-Lime and Potash-Lead.
- Soda-lime glass has gained popularity due to its being cheap and easy to make as compared to the other types of glass. Made from silica, soda ash, and lime it is cheap to manufacture and apply in almost every field from windows to kitchenware because of its clear nature and strength.
- They add to it by its ‘recyclability’ feature, as well as availability and easy accessibility of the raw materials. These factors make soda-lime glass more common than potash-lime or potash-lead glass although the latter is more expensive and less general in use.
By Application Type
“Commercial segment is said to be dominating by Application of the market during the forecast period”.
- The market is segmented into Residential, Commercial, and Other Applications.
- The major application lies in the residential application due to increasing customer requirements for comfortable living and energy-efficient housing solutions. New constructions and particularly housing developments that have been realized by the expansion of cities are the main drivers for window systems like Low-E glass that enhance energy efficiency and interior comfort.
- Also, the growth of the awareness of the sustainable lifestyle and the governmental initiatives encouraging the consumption of energy increases the demand for accommodations. Such trends make residential applications to be the most dominant over commercial and other uses.
Regional Analysis
“Asia-Pacific is the largest and the fastest-growing region of the market for construction glass during the forecast period”.
- As a result of the growth in urbanization and industrialization, especially in countries such as China, India, and Southeast Asian countries, the demand for real estate especially in residential buildings and commercial space has never been faster. This dramatic construction upsurge necessarily entails a large demand for glass specifically in windows, façade, and interior applications, and thus fuels the market. Furthermore, the development of infrastructures, smart city projects, and affordable housing also helps consumers to order construction glasses in the regions.
- Due to increasing costs of energy and the growing concern on the environment, Low-E glass, and any glass with efficient heat and light transmitting features are in high demand. Technological advancement and the availability of cheap processes of production in the Asia Pacific are other reasons why the region leads in the market. It shows that local manufacturers have the ability to manufacture high-quality glass at relatively cheap prices to meet the local as well as international markets.
Key Players
The market is partially fragmented across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the construction glass market:
Here is the list of the Top Players (Based on Dominance)
- AGC Inc.
- NSG Group
- Saint-Gobain
- Guardian Industries
- Sisecam
- SCHOTT AG
- Central Glass Co.
- Vitro
- China Glass Holdings Limited
- Corning Incorporated
- Xinyi Glass Holdings Limited
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global construction glass market is segmented into the following categories.
Construction Glass Market, by Type
- Low-E Glass (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Special Glass (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Double Glazing Glass (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Laminated Glass (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Other Special Glass Types (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Construction Glass Market, by Manufacturing Process Type
- Float Glass Process (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Rolled/Sheet Process (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Construction Glass Market, by Chemical Composition Type
- Soda-Lime Glass (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Potash-Lime Glass (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Potash-Lead Glass (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Construction Glass Market, by Application Type
- Residential Applications (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Commercial Applications (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
- Other Applications (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
Construction Glass Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s construction glass market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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