Construction Glass Market To Generate $161.4 Billion Revenue by 2030

The global construction glass market revenue is expected to be $161.4 Billion in 2030, exhibiting a compound annual growth rate of 6.20% during 2021–2030. This can be attributed to the rising requirement for energy saving, government regulations on energy efficiency, and increasing awareness about the benefits associated with these materials among builders. Moreover, technical advancements, including self-cleaning, sound reduction, and solar control, boost the use of these materials.

Glass is extensively used as a construction material in exterior and interior building applications for functionality and aesthetics. Apart from the sophisticated exterior, glass facades make the buildings lighter, dwindling the weight on the foundation. Additionally, it provides natural day lighting and unobstructed views of the exterior, thus offering the building occupants a sense of space.

Moreover, in buildings, glass offers thermal insulation, solar control, safety and security, noise control, and fire resistance. Moreover, the key advantage of these materials is energy saving, which is achieved via a reduction in the load on the cooling and heating systems in the building, which, in turn, reduces CO2 emissions. Their ability to control light, heat, and sound transmission enables architects to design architectural buildings, which has a favorable impact on the environment and helps create dwellings that are safe, comfortable, and quiet.

Moreover, the demand for digitally printed glass in the construction industry is growing rapidly owing to its multipurpose application, such as aesthetics, security, and internal partition. The printed decorative material allows architects to creatively design the interior and exterior of the building, without undermining their primary properties and applications. Some examples and uses of such value-added products are low-emissivity (or low-e) glass that is being increasingly used in residential window systems, particularly in double-pane insulated glass units (IGU).

Low-e Category To Register Faster Growth

Among the product types, low-e category is expected to witness the faster growth in the construction glass market during the forecast period. These materials are gaining traction among commercial and residential builders and developers, architects, and green building contractors. This variant offers stronger insulation than standard, uncoated glass, due to its low-emissivity film, thereby making winters warmer for inhabitants. Moreover, it makes homes more energy-efficient, thus potentially helping save money on electricity bills, and performs better than standard double glazing.

Based on end use, the commercial industry registered the largest share in the market in 2021. Commercial office buildings operate at heavy energy loads, which inflates the electricity cost. Using these materials tamps down these costs by maximizing natural daylight and maintaining the temperature inside the room, which eases the compression load on air conditioners.

Geographically, APAC dominated the market in 2021, and it will be the fastest-growing region during the forecast period. This growth is propelled by the urbanization and infrastructure development in various countries, including China, India, Thailand, and Malaysia. Further, the increasing awareness about the advantages of glass over conventional construction materials, such as bricks and wood, has boosted the demand for these products. Moreover, due to these reasons, the refurbished buildings market is also switching to these products, thereby resulting in reducing the carbon emissions and the cost associated with the maintenance of the buildings.

Europe recorded a considerable market share in 2021, and its value contribution is expected to increase at a moderate rate in the coming years. The growth is imputable to the technological advancements in the industry and further value addition in the products. The European Union aims to be climate-neutral by 2050—an economy with net-zero greenhouse gas emissions— and to accomplish this, real estate developers are shifting to triple-glazing products from double-glazing products for reduced heat loss and improved thermal characteristics. Further, various developed countries have made it mandatory to use these products in new construction projects, which has a positive influence on the growth.

Key players in the market include Asahi India Glass Ltd., Guardian Industries, Saint-Gobain, Schott AG, Central Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Sisecam Group, Xinyi Glass Holdings Limited, China Glass Holdings Limited, and Bendheim.