Global Construction Glass Industry Worth USD 120 Billion By 2024: Asia Pacific To Generate Highest Demand

By Goldstein Market Intelligence || 2019-01-03 10:29:41 AM

Global Construction Glass Industry Worth USD 120 Billion By 2024: Asia Pacific To Generate Highest Demand

The Global Construction Glass Market is anticipated to be driven by growth in the construction industry and rising popularity of green buildings, according to our research report

Construction Glass Industry Outlook

The global construction glass market is segmented by application into residential and commercial, with the latter commanding a larger market share in terms of revenue. The market of construction glass is projected to reach USD 120 Billion by 2024 and further the market is predicted to register a modest CAGR over the forecast period i.e. 2016-2024.

Regionally, Asia-Pacific generates maximum revenue share of 38.5% in 2015 in global construction glass industry. Further, Asia-Pacific construction glass market is expected to maintain its dominance over the forecast period owing to rapid industrialization and rising infrastructure spending in the region.

Rising popularity of sustainable infrastructure: Major Boost

Safe, sustainable and green buildings have gained popularity worldwide in recent years. This has given a major boost to the market for construction glass. Excellent physical and chemical properties of construction glass like thermal insulation, strength and recyclability further add to their popularity. Technological advancements in the manufacturing process further bolster demand for construction glass. However, a fluctuation in prices of raw materials is one of the major factors which are hampering the growth of global construction glass industry. Likewise, rising competitiveness among the construction glass manufacturers is also a major factor which is decreasing the profit margin of key market players and creates hindrance among the players to retain their growth.

Construction Glass Market  report contains detailed overview of the global construction glass market in terms of market segmentation by glass type, application and geography.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market report also includes provides competitive outlook of some of the major players of the global construction glass market which includes profiling of companies like PPG, ACG, Saint Gobain etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global construction glass market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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