The Future is Bright For Construction Glass Market

3
science-technology

Summary

The construction glass industry has a positive outlook due to high growth in the construction industry. Rising per capita income and the rising trend of safe and sustainable construction are accelerating the demand for low-e glass and special glass.

Press Release

The global market for construction glass witnessed rapid growth from 2012, and is projected to grow at a CAGR of 7.08% during the review period, to reach $115.08 Billion by 2020. Asia-Pacific region dominated the construction glass market, with a share of 62% in 2013 and is projected to grow at the highest CAGR from 2015 to 2020, in terms of volume. The rising middle-class population of this region, with high disposable income, and demand for sustainable construction, are driving the growth of the market. Another factor is the densely populated areas of the region that require better infrastructure facilities.

Browse 83 market data tables and 62 figures spread through 176 pages and in-depth TOC on “Construction Glass Market by Type (Low-E, Special), Application (Residential, Commercial, Others), Manufacturing Process (Float, Rolled/Sheet), Chemical Composition (Soda-Lime, Potash-Lime, Potash-Lead) & Geography – Global Forecast to 2020″

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The construction glass market has expanded with developments in the building construction industry. The demand for construction glass products is growing at a significant pace and is projected to grow at an even higher rate in the near future. With the rising population and increased incomes of people, the building construction industry is booming, and consequently, so is the construction glass market. The construction glass market can be classified into two main categories based on application: residential and non-residential.

The global construction glass market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. Companies such as Asahi Glass (Japan), Guardian Industries (U.S.), PPG Industries (U.S.), Saint-Gobain S.A. (France), are some of the prominent companies in the construction glass market, comprising 70% of the total market share.

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