Building and Construction Glass Global Market Report 2024

The building and construction glass market has grown strongly in recent years. It will grow from $105.07 billion in 2023 to $114.75 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth observed in the historic period can be attributed to several key factors. Primarily, urbanization and population growth played a significant role, alongside evolving architectural trends that emphasized the use of building and construction glass. Concerns regarding energy efficiency, driven by environmental awareness, also contributed to this growth. Additionally, economic conditions, globalization, and increased trade activities influenced the demand and utilization of building and construction glass during this period.

The building and construction glass market is expected to see strong growth in the next few years. It will grow to $156.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. In the forecast period, the anticipated growth is fueled by various factors. Notably, the adoption of sustainable building practices is a significant contributor, alongside the impact of population density and ongoing urban development. Stringent regulations promoting energy efficiency further drive the demand for building and construction glass. Infrastructure development projects and the influence of global economic trends also play pivotal roles in this anticipated growth.

The trajectory of the building and construction glass market is significantly influenced by the proliferation of green building initiatives. Green building practices emphasize environmentally responsible construction, focusing on sustainable materials, resource efficiency, and energy conservation. Notably, building and construction glass plays a pivotal role in this landscape, offering energy-efficient solutions that curtail energy consumption and costs. The US Green Building Council's data from 2017 to 2021 revealed over 36,835 projects, encompassing 4.63 billion gross square feet, secured LEED certification, with an additional 5,000 projects certified in the initial three quarters of 2022. The prevalence of LEED-certified projects primarily in the United States, Canada, East Asia, and Europe underscores the symbiotic relationship between green building initiatives and the burgeoning demand for building and construction glass.

The burgeoning demand for enhancing home aesthetics augments the growth trajectory of the building and construction glass market. Homeowners increasingly seek aesthetic enhancements, leveraging building and construction glass as a functional material to elevate the visual appeal of residences. This endeavor aims to create an impression of expansiveness and modern sophistication while harnessing natural light. In May 2023, A survey conducted on 2,000 US homeowners highlighted a substantial trend, with 69% expressing embarrassment about their home's aesthetics and 78% planning home improvement projects. On average, homeowners intend to allocate around $1753 toward such enhancements. This surge in demand substantiates the pivotal role of building and construction glass in catering to the evolving aesthetic aspirations of homeowners.

Innovation stands as a pivotal trend driving advancements within the building and construction glass market. Key industry players are focused on technological breakthroughs to fortify their market position. For instance, Vitro Architectural Glass introduced Solarban R77 in February 2021, a cutting-edge low-emissivity glass technology offering solar control and a visually appealing silver-blue aesthetic. With a magnetron-sputtered vacuum deposition coating, this glass boasts a solar heat gain coefficient of 0.25 and visible light transmittance of 47% in a clear 1-inch insulating glass unit. This innovation caters to evolving building code mandates while ensuring an aesthetically pleasing appearance.

Technological innovation, exemplified by the advent of digital glass simulators, signifies a competitive edge sought by major players in the building and construction glass market. Digital glass simulators, such as VitroSphere launched by Vitro Architectural Glass in April 2021, serve as software tools enabling users to visualize and compare Solarban glass products across diverse architectural contexts. This digital tool facilitates a comprehensive understanding of glass properties such as color, transparency, and reflectance at different times of day and from various vantage points, catering to both architectural professionals and non-experts alike. The deployment of such user-friendly digital tools underscores the industry's commitment to technological advancements for heightened market penetration and customer engagement.

In February 2023, Modular Group Investments Ltd (MGI), a UK-based modular construction company acquired Oakland Glass Ltd for an undisclosed amount. With this acquisition, Modular Group Investments Ltd (MGI) focuses on diversifying its product portfolio and strengthening customer relationships by offering more products and services in the construction market. Oakland Glass Ltd is a UK-based glass manufacturing company that specializes in insulated glass, toughened glass, and laminated glass.

Major companies operating in the building and construction glass market report are AGC Inc., Central Glass Co. Ltd., Guardian Industries, Nippon Sheet Glass Co. Ltd., PPG Industries Inc., Compagnie de Saint-Gobain S.A., Schott AG, China Glass Holdings Ltd., Xinyl Gas Holdings Limited, Dellner Glass Solutions, Fuyaogroup.com, Guangzhou Topo Glass Co. Ltd., arcon Flach- und Sicherheitsglas GmbH and Co. KG, Beijing Northglass Technologies Co. Ltd., Cardinal Glass Industries Inc., Asahi India Glass Limited, Şişecam, Euroglas GmbH, GSC Glass Private Limited, HNG Float Glass Limited, Jinjing Group Co. Ltd., KIBING Group, Luoyang Glass Company Limited, Shanghai Yaohua Pilkington Glass Group Co. Ltd., Taiwan Glass Industry Corporation, Vitro, S.A.B. de C.V., China Yaohua Glass Group Co. Ltd., Fuso Glass India Pvt. Ltd., Glaston Corporation, Oldcastle BuildingEnvelope, Sangalli Group.

Asia-Pacific was the largest region in the building and construction glass market in 2023. The regions covered in the building and construction glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the building and construction glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of building and construction glass include low-e glass and special glass. Low-E glass is characterized by a transparent, ultra-thin coating designed to reflect UV rays and infrared light. These glasses are manufactured through processes such as the float glass process or the rolled/sheet process, utilizing different chemical compositions such as soda-lime, potash-lime, and potash-lead. They find extensive use in both residential and non-residential construction purposes.

The building and construction glass market research report provides building and construction glass market statistics, including building and construction glass industry global market size, regional shares, competitors with a building and construction glass market share, detailed building and construction glass market segments, market trends and opportunities, and any further data you may need to thrive in the building and construction glass industry. This building and construction glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The building and construction glass market consists of the sale of laminated glass, tempered glass, insulating glass, and shatterproof glass. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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