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2020-09-01
700
Global
Glass is a non-crystalline translucent material has found usage in the construction industry for centuries. Excellent physical and chemical qualities of glass like its U value, insulation properties, and workability into any shape, strength, light transmittance and recyclability make it a preferred material for construction purposes, compared to conventional building materials like brick or wood. Construction is one of the major end use industries of glass materials. The market for construction glass has witnessed growth in recent years owing to a rising construction industry and inclination towards energy efficient infrastructure worldwide. Glass is used in windows, canopies, roofs, walls or partitions, staircases and even floors of buildings both residential and commercial. Glasses of different chemical compositions are used in construction of buildings like soda lime, potash lime, potash lead, common and special glass. There are a variety of special glasses available, like foam, fiber, toughened and chromatic, providing a lot of benefits to buildings like heat insulation, UV protection, noise control, aesthetic appearance etc.
Key trends of construction glass market are: demand for value added products is growing for basic glass, investment and capacity expansion and decorative glasses with digital print technology. Growing use in packaging industry for better packaging quality, real estate sector, production of solar products and automobile sector enhances the market. However, rise in price of soda ash, growing alternatives of glass, competition from Chinese products and reusable nature of glass are responsible for the decline in global construction glass market.
The commercial sector accounts the major market share than the residential segment, owing to greater demand of construction glass in commercial buildings and rapid industrial and commercial infrastructure development. Geographically, Asia Pacific holds the largest market for construction glass in terms of revenue. This can be attributed to the rapid urbanization in the region leading to rampant infrastructure development, giving a major spur to demand for construction glass.
Growth in the construction industry and rising focus on safe, sustainable and energy efficient buildings are the key reasons driving the growth of global construction glass market. Benefits of this glass in terms of thermal insulation or heat resistance, temperature control, strength, fire protection and sound insulation, among others, are the key reasons for their rising popularity in recent times. Rising urbanization, complemented by increased purchasing power has leaded to increased spending on construction activities.
Rising popularity of green buildings further bolsters the demand for construction glass. Economic viability of glass, combined with lightweight and impressive strength, also boosts demand in the market. Technological developments leading to even better properties for construction glass which help the global market to sustain the growth over the forecast period. However, high cost of raw materials and high competition in the market reduces profit margins of manufacturers and act as hindrances to market growth.
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Construction Glass Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Market Synopsis
Market Segmentation
The global construction glass market is segmented as follows:
By Regions
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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