Construction glass market Overview
Construction glass is one of the most important construction materials due to its wide range of features. The construction glass is mainly used in exterior walls and windows. It provides many physical and chemical properties, such as its chemical and electric resistance, it doesn’t get affected by the climate condition, flexible in molding, and that is why it is the preferable option for businesses. Nowadays, the construction glass has evolved to a lighter and stronger than steel. And the low price also makes it suitable for construction businesses. And it is driving the construction glass market growth.
In construction businesses, glass is used as an alternative for other construction materials such as wood, brick, and polycarbonate. Light can only pass through the glass, and that gives the glasses more advantages. Natural light can come through the window easily. Other factors such as security, safety, great visibility driving the construction glass market . Apart from its application of glass in residential properties, the Increasing demand for glass in the interior due to its light-passing nature has boosted the growth of the construction glass market size. Due to the increasing demand for better and economical materials in the construction industry, the construction glass market size is expected to grow more.
Construction glass has two types, Such as fast glass and special glass. The flat glass looks flat, and it is used in the automotive and construction sectors. Flat glasses are used in many areas because it is very strong, and it doesn’t break easily. The glass offers temperature control, protection from UV rays, reduced reflection, and these features are expected to blast the glass market Industry. The global construction glass market saw rapid market growth in 2012, and it was valued at USD 76,036 million in the year 2915, and it is expected to reach USD 122,877 million by 2022 with a CAGR rate of 7.1% during the forecast period.
Market segmentation
The construction glass market is divided on the basis of type, application, manufacturing process, chemical composition, and region. The type segment of the construction market includes flat glass and special glass. The application segment of the construction glass industry is further divided into residential and commercial buildings. The chemical composition of the construction glass industry includes potash-lime glass, potash-lead glass, Soda-lime glass. According to the manufacturing process segment, the construction glass industry is divided into float process and rolled process. The region segment of the construction glass market includes regions such as North America, Europe, Asia Pacific, and other regions in the world.
Regional analysis
The major regions of the construction glass industry are North America, Asia Pacific, Europe, and other regions. North America holds the highest construction glass market share due to the growth in population, developed economy, urbanization, and government plan to improve residential and commercial properties. Europe has the second highest construction glass market share due to the demand for glasses in automotive sectors and houses. Asia Pacific region is growing at a faster CAGR rate, and it is expected that the market will be dominated by this region due to the expansion of the construction industry in this region. Due to so many properties of glass, it will boost the construction glass market trends in the coming years.
Industry news
The covid-19 pandemic has impacted most businesses around the world. And it has severely affected the construction glass market size. Due to the lockdown rules in countries around the world, construction work was at a halt. And due to this, the pandemic had a negative impact on the construction glass market. Also, the construction glass production was very low due to the lockdown. The automotive sector also stopped production. Due to that, the market demand decreased. Due to covid-19 fear, people stayed at home. Due to these factors, there was no growth in construction glass market trends.
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