PUNE, India, Jan. 6, 2021
PUNE, India, Jan. 6, 2021 /PRNewswire/ -- The global demand for construction glass market, in terms of revenue, was worth of USD 45.04 billion in 2019 and is expected to reach USD 66.83 billion in 2026, growing at a CAGR of 6.15% from 2020 to 2026. The global construction glass market is expected to grow at significant growth rate due to number of driving factor.
Construction glass is one of the most widely used construction materials owing to its broad spectrum of properties. Construction glass is typically translucent glazing material used for external walls and windows. It offers numerous physical and chemical properties. For instance; it is electric resistant, chemical resistant and flexible in molding and remains unaffected to changes in climatic conditions. It is most typically used as transparent glazing material in the building envelope, including windows in the external walls. Glass is also used for internal partitions and as an architectural feature. When used in buildings, glass is often of a safety type, which includes reinforced, toughened, and laminated glasses.
The study provides a crucial view of global construction glass market by segmenting the market based on type, application and region. On the basis of type, global construction glass market is segmented as Low-E glass, special glass and others. On the basis of application, global construction glass market is segmented as residential, commercial and others. The regions covered in global construction glass market are North America, Europe, Asia-pacific and rest of the world. on the basis of country level, global construction glass market sub-divided into U.S., Canada, U.K., France, Germany, Italy, china, japan, India, south east Asia, brazil, Mexico, GCC, Africa, etc.
Request a Sample Report:@ https://brandessenceresearch.com/requestSample/PostId/1361
The growth of the global construction glass market is driven by several factors such as increasing growth of construction industry, advancement in the glass industry and rising need for energy efficient temperature management. The construction industry in the arid zones is one of the main investment sectors, especially after the trend towards building new cities in these areas. Construction has always been one of the top revenue-generating industries in the world, the United States construction market is one of the largest. According to Construction Industry Facts, 11.2 million people worked in the construction industry in 2018. Excellent physical and chemical properties of construction glass like thermal insulation, strength and recyclability further add to their popularity. However, a fluctuation in prices of raw materials is one of the major factors which are hampering the growth of global construction glass industry. Moreover, evolving trends, which have a direct impact on the dynamics of flat glass industry, include increasing usage of advanced nanotechnology in flat glass, solar control glazing for automotive and building glasses, and also lightweight glazing glass and increasing use of hybrid guide plate. These technological advancements in the manufacturing process can provide growth opportunity for construction glass market.
Request for Methodology of this report:
However, since the World Health Organization (WHO) announced the coronavirus 2019 outbreak as a pandemic, many countries have declared a complete national lockdown after a remarkable spike in COVID-19 cases. It is impacting the global construction industry with projects facing labor shortages, supply chain issues and financing pressures. The effects are rippling across the sector from the initial crisis in China to construction sites around the world.
Rising population means need for construction of new buildings and high disposable income has enabled end users to spend more on new construction, which is positively influencing the construction glass market in North America. According to Construction Industry Facts, Over USD 81.2 billion in new contracts were awarded to the top 10 construction companies in the U.S. in 2017. In addition, rapid urbanization & industrialization, rising infrastructure spending, and rise in demand for green buildings are also expected to fuel the product demand in this region over the forecast period.
The product type segment of construction glass market is dominated by float glass by capturing the largest market share 72.22% in year 2019. The application segment of construction glass market is dominated by residential by capturing the largest market share 59.31% in year 2019.
Get instant access of full report @ https://brandessenceresearch.com/Checkout?report_id=1361
Major trends of construction glass market are as follows:
To Check Complete Overview of Report@ https://brandessenceresearch.com/construction/construction-glass-market-industry
Trending report to read in 2021 :
At 7.91% CAGR, Online Gambling Market Size Worth $77.42 Billion By 2026 says Brandessence Market Research
Construction Equipment Rental Market is valued at USD 117.24 Billion in 2018 and expected to reach USD 162.23 Billion by 2025 with the CAGR of 4.75% over the forecast period.
Smart Building Market is valued at 8.66 Billion in 2018 and expected to reach USD 59.21 Billion by 2025 with a CAGR of 31.6% over the forecast period.
Global Home Improvement Market is valued at USD 849.31 Billion in 2019 and expected to reach USD 1155.79 Billion by 2026 with the CAGR of 4.5% over the forecast period.
Self-Leveling Concrete Market 2020 By Type (Underlayment, Toppings), By End-Use Industry (Residential, Commercial) Forecast To 2025
About Brandessence Market Research & Consulting Pvt ltd
Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London. Email : firstname.lastname@example.org Corporate Sales: +44-2038074155