Building and Construction Glass Market Size, Share, Revenue, Trends And Drivers For 2024-2033
The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033
LONDON, GREATER LONDON, UK, August 23, 2024 /EINPresswire.com/ -- The global building and construction glass market is projected to grow from $105.07 billion in 2023 to $114.75 billion in 2024, at a CAGR of 9.2%. The market is anticipated to reach $156.83 billion by 2028 at a compound annual growth rate (CAGR) of 8.1%. driven by factors such as sustainable building practices, stringent energy efficiency regulations, and the expansion of urban development projects.
Green Buildings Fuel Growth in the Building and Construction Glass Market
The development of green buildings is a significant factor contributing to the growth of the building and construction glass market. Green buildings focus on environmental responsibility, resource efficiency, and the use of sustainable materials, where building and construction glass plays a pivotal role. This glass enhances energy efficiency by reducing consumption and costs. According to the US Green Building Council, over 36,835 projects totaling 4.63 billion gross square feet received LEED certification between 2017 and 2021. The trend is expected to continue, driving demand for building and construction glass.
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Key Players and Market Trends
Key players such as AGC Inc., Guardian Industries, and Saint-Gobain S.A. are focusing on product innovations to meet the growing demand for energy-efficient and aesthetically appealing glass. For instance, Vitro Architectural Glass launched Solarban R77 in February 2021, a low-emissivity glass that offers solar control with a silver-blue aesthetic, catering to increasingly stringent building codes.
Segments:
Type: Low-E Glass, Special Glass
Manufacturing Process: Float Glass Process, Rolled Or Sheet Process
Chemical Composition: Soda-Lime, Potash-Lime, Potash-Lead
Application: Residential, Non-Residential
Geographical Insights: Asia-Pacific Leading the Market
Asia-Pacific was the largest region in the building and construction glass market in 2023 and is expected to continue leading during the forecast period. The region's growth is fueled by rapid urbanization, infrastructure development, and stringent energy efficiency regulations.
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Building and Construction Glass Global Market Report 2024 from The Business Research Company covers the following information:
•Market size data for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Building and Construction Glass Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on building and construction glass market size, building and construction glass market drivers and trends, building and construction glass market major players, building and construction glass competitors' revenues, building and construction glass market positioning, and building and construction glass market growth across geographies. The building and construction glass market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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