Axiom Market Research & Consulting™ added a report on global construction glass market. The global construction glass market was projected to grow at a CAGR of 7.60% for the forecast period 2019 to 2024. The global market is estimated and forecasted in terms of revenue (USD million) generated by the construction glass market. The market was studied for construction glass types such as sports low e-glass and special glass. Based on chemical composition, the construction glass industry is segmented into soda-lime glass, potash lime glass and potash lead-glass. The major applications considered in the study are residential and non-residential buildings. Moreover, the key regions considered for the study were North America, Europe, Asia-Pacific and Rest of the World.
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High disposable income and construction of new buildings are driving the market
The main factor driving the global construction glass market is the rising population, which encourages construction of new buildings. Also, high disposable income has allowed the end users to spend more on new constructions. Most importantly, the changing mindset of residential consumers has given a boost to the construction glass industry. However, high costs associated with raw materials and economic slowdown restrain the market growth.
Special glass type dominated the construction glass market
Amongst various types, the special glass accounted the highest market share in 2017 and is estimated to grow rapidly, due to the increase in construction activities of green buildings and various government regulations related to energy efficient buildings.
Potash-lead glass projected to be the fastest growing segment over the forecast period
Based on chemical composition, the soda-lime glass dominated the market in 2017, due to extensive usage in residential and non-residential buildings. Also, potash-lead glass segment is expected to grow at a highest CAGR during the forecast period 2019 to 2024.
Non-residential constructions hold the largest share of construction glass application
The non-residential construction segment accounted for the largest share in 2017. Rapid increase in adoption of energy-saving products with new infrastructural and construction projects in the developed and developing regions has added an extra element to the growth of construction glass market.
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Innovative and technologically advanced infrastructure led to the growth of North America
In 2017, North America accounted for the largest market share for construction glass products, dominated by the U.S. The growth in this region is supported by innovative and technologically advanced infrastructure.
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The market is extensively studied for important countries of key regions such as North America, Europe, Asia Pacific and Rest of the World.
The leading players of the global construction glass market are S.A. Bendheim, Asahi Glass, Schott, Central Glass, PPG Industries, Saint Gobain, Nippon Sheet, JE Berkowitz LP and Agnora, Guardian etc. among others. These companies have established their position in the market by offering competent construction glasses.
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