Construction glass market Size to depict appreciable growth prospects over 2020-2027

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construction glass market was valued at USD 45.04 billion in 2019. It’s expected to be valued at USD 66.83 billion in 2028

Market overview

The global construction glass market was valued at USD 45.04 billion in 2019. It’s expected to be valued at USD 66.83 billion in 2028. The industry itself is expected to register a CAGR of 6.15% from now until 2028. 

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Most construction companies like to use construction glass because it’s translucent. Therefore, it’s not easy to see through. It’s also durable and not prone to breaking easily. These properties and more make it a great candidate to be used in the outside walls and doors of buildings.

Segment overview

The global construction industry is expanding at a breakneck pace. This is creating enormous demand for construction glass. The global construction industry can be segmented as follows:

By type

This segment can be grouped into the following sub-segments:

  • Low E-glass
  • Special construction glass
  • Others

By market application

This segment can be grouped into the following sub-segments:

  • Residential market
  • Commercial market
  • Domestic market
  • International market

Regional analysis

The global construction glass market size can be grouped into the following geographic regions:

  • Asia-Pacific
  • The European Union
  • North America
  • The Rest of the World

The global construction glass market is growing by leaps and bounds. It’s caused by dramatic and rapid growth in the global construction industry. The global construction industry is being buoyed by rapid growth in the global economy. As a result, many nations and corporations in many nations are channeling resources towards the global construction glass market. 

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The North American region, in particular, is witnessing rapid and dramatic growth in its regional construction glass market. It has largely been driven by rapid economic growth in the post-pandemic period. That said, the cost of raw materials needed for construction has been skyrocketing in the post-pandemic period. It’s putting a real damper on future construction efforts. Also, public and private investment in this industry has stalled mainly because of this reason.

The North American region is rapidly urbanizing. This is especially true in America and Canada, but it’s equally true in Mexico. The rise of smart cities and the rapid and increased construction of smart homes have also created greater demand for construction glass in this region.

The nations of America, Canada, and Mexico have all seen a rapid proliferation in smart cities, sister cities, and smart homes in recent years. All of this has created greater and rapid demand for all types of public and private infrastructure and commercial buildings throughout North America.

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Industry news

Flat glass is becoming the material of choice to put in new residential and commercial buildings around the world. It’s also increasingly being used when remodeling and renovating older buildings - both residential and commercial. Flat glass is being used in windows, doors, windscreens, side and rear glazing, sunroofs, and more. Flat glass is also used in solar panels which are finding themselves on various buildings throughout the world.

Guardian Glass company recently marketed jumbo glass. It’s being used in new and old buildings around the world. It primarily operates in North America but exports its products to the rest of the world. The company is constantly investing in research and development to develop and market new and improved products with innovative new applications.

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