Asahi Glass, & Guardian Industries are top two players of Construction Glass Market 2020

The ****** 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.

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 – ****** Forecast to 2020″.

 

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Construction glass includes flat glass. Flat glass is widely used for glass doors, glass windows, and transparent walls. Construction glass has high strength, excellent insulation, is chemical-resistant, soundproof, has a cost advantage, saves energy, and is fire-resistant. These properties make construction glass the most viable option for the construction industry.

The ****** market has expanded owing to the 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 market can be classified into three main categories based on application: residential, commercial, and others.

The ****** market is observed to be mature in developing economies, such as Europe and North America. The reason behind this is the rapid growth in the construction sector. The Asia-Pacific region formed the largest market, in terms of volume, having accounted for 43.5 Million tons in 2014.

 

Europe formed the second-largest market, with a share of 20%. The Asia-Pacific region is projected to be the fastest-growing market from 2015 to 2020. The ****** market for construction glass is projected to grow at a CAGR of 7.08% from 2015, to reach $1,15,083.65 Million by 2020.

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. Consumer preference in emerging economies such as China, India, Brazil, and South Africa are gradually transitioning from traditional building structures to new innovative infrastructure. The movement of rural population to urban areas in developing countries has also increased, due to which the demand for new construction is on the rise.

The U.S. and China are projected to witness the highest demand for construction glass construction in the coming years. The demand of factories, manufacturing plants, stadiums, and offices has increased sharply due to rapid industrialization. The demand for industrial construction is projected to rise in developing countries, such as China, Brazil, and some other Asia-Pacific countries including India and Thailand.

 

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The ****** 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.), and 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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