Construction glass: Key market research findings
- Growing focus on energy-saving glass
- Increase in glass applications in buildings
Technavio has released a new market research report on the global construction glass market, which is expected to grow at a CAGR of around 7% between 2016 and 2020. Construction glass is gaining importance in buildings because of the growing demand for high-end buildings and home interiors, which is leading to huge investment in terms of customized design, size, and advanced features. APAC leads the global construction glass market, accounting for 58% of the total market share. The growth of the market can be attributed to factors like the rising investment in the residential and commercial real estate sector.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The building owners and construction companies are focusing on energy saving glass, which acts as an excellent insulator to buildings. Solar controlled glass, and double and triple glazed glass are now increasingly being used by architects, particularly in developed countries. For instance, low-e glass has a transparent coating on its surface which enables it to reduce heat loss through the window, but allowing solar energy to enter the building,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research
Glass has gained popularity as a key building element for several building owners. Various construction companies are opting for alternative ways of using glass both in the exterior and interior of buildings. For instance, use of double-gazed glass especially in modern buildings, as it acts as excellent insulators, and offers a good aesthetic appeal to buildings.
The key players in the global construction glass market include AGS, NSG, PPG, and Saint-Gobain. The global construction glass market is highly fragmented with presence of well-established and small players. Vendors are coming up with new product features in terms of usage of glass in buildings
A more detailed analysis is available in the Technavio report, Global Construction Glass Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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