Construction glass is usually a translucent coating material employed for glass doors, transparent walls, and glass windows. The glass owns properties, including water proofing, thermal insulation, and energy conservation, which makes it a viable option as a building material in the construction businesses. Construction glass delivers numerous physical as well as chemical properties. For instance, it is chemical resistant, flexible in molding, electric resistant, and remains unaffected to adverse climatic conditions. This makes glass as the most viable option for construction sector. In addition, advancement in technologies has further made it possible to produce construction glass lighter than a cork and also stronger than steel.
The "Global Construction Glass Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the construction glass market with detailed market segmentation by product type, chemical composition, application, and geography. The report provides key statistics on the market status of the leading construction glass market players and offers key trends and opportunities in the market.
- Based on product type, the global construction glass market is segmented into special glass and low-E glass.
- On the basis of chemical composition, the market is segmented into potash-lime, soda-lime, and potash-lead.
- Based on application, the market is bifurcated into residential and non-residential.
- The increasing middle-class population in Asia Pacific region, with high per capita disposable income and growing demand for sustainable construction.
- Steady growth in the construction sector across the world.
- Glass is a profitable alternative to most of the universal building materials, including brick, wood, and polycarbonate. Glass also increases the influx of natural light in a building, which is the biggest advantage of utilizing glass as a building material. This is further driving the market growth.
- Security, safety, along with environmental sustainability offered by glass in construction of building.
- High cost of raw materials may restrict the market growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The construction glass market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the construction glass market in these regions.
IMPACT OF COVID-19 ON CONSTRUCTION GLASS MARKET
As of May 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting the business collaborations as well as partnerships opportunities.
Due to Covid-19 pandemic, construction industries are facing huge losses, which is further impacting on world economy. It has further disrupted the transportation system and also disrupted the supply of raw materials. Many construction companies worldwide are going through a financial recession, due to which they are laying off a lot of their employees and workers. Overall, construction industry across the globe has taken a terrible turn due to this pandemic. According to report published by IOP Publishing Economy of U.S.A. has been diminished 4.8% in the 1st quarter of 2020 owing to Corona Virus pandemic. In 2019, the value of the construction industry in the US contributed 4.1% of GDP. Over 11.2 million people work in this construction sector. 45% of contractors are terribly facing destruction related to the out breaks. This pandemic raises unemployment by 14.7% in April 2020 and job losses has reach 20.5 million. However, on the upside, construction industry holds much potential to stimulate recovery and recovery measures can further support the sector's transformation towards sustainability as well as digitalization.
The report covers key developments in the construction glass market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from construction glass market are anticipated to lucrative growth opportunities in the future with the rising demand for construction glass in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the construction glass market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- China Glass Holdings Limited
- Asahi Glass
- Schott AG
- Xinyi Glass Holdings Limited
- Central Glass Co. Ltd.
- PPG Industries, Inc.
- Sisecam Group
- Nippon Sheet Glass Co. LTD.
- Bendheim Glass
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.