Construction Glass Market Is Expected to Reach $115.08 Billion by 2020
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.
Dallas, TX -- (SBWire) -- 05/22/2015 --The report Construction Glass Market - Global Forecast to 2020, Defines and segments the global construction glass market with analysis and forecasting of the global revenue for construction glass. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.
Browse 83 market data tables and 62 figures spread through 176 pages and in-depth TOC on Construction Glass Market - Global Forecast to 2020.
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The market is segmented and revenues are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of applications.
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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.
The global market for construction glass witnessed rapid growth in 2012, and is projected to grow at a CAGR of 7.08% during the review period, to reach $115,083.65 Million by 2020. The Asia-Pacific region dominated the market for construction glass, with a share of 62% in 2013; this market is driven by increase in demand for value-added products, competition, aggressive pricing, and rising consumer spending. The Asia-Pacific region is projected to become the fastest-growing market for construction glass.
The construction glass market has expanded with 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 construction glass market can be classified into two main categories based on application: residential and non-residential.
The market for construction glass is driven by demand from the construction industry. The rising population has encouraged construction of new buildings. High disposable income has enabled 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.
The global construction glass 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.), 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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