The architectural glass market size is projected to reach at US$ 75,837.41 million by 2028; registering at a CAGR of 5.6% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Rise in Consumer Expenditure on Interior Designing
The report highlights key factors driving the market and prominent players along with their developments in the market.
Consumer spending on interior designing is increasing due to the rising income levels, increasing urbanization, and growing population. Other factors leading to a surge in demand for interior designing services include the influence of social media, smart homes, and changes in the lifestyle of the people and living standards. The growth in interior design is correlated with the growing global real estate market. Houzz—the online platform that connects home renovators with interior designers, professional tradespeople, and home decor suppliers—reported that home renovation pros received 102% more enquires in August 2020 than in the same month in 2019. Many product categories also saw huge increases. Thus, the increasing consumer spending on interior design is further expected to boost the demand for architectural glass. All these factors are boosting the architectural glass market growth.
Global Architectural Glass Market Breakdown – by Region
Architectural Glass Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Tempered Glass, Annealed Glass, Laminated Glass, and Others) and Application (Hurricane Impact, Balustrades/Glass Railings, Overhead and Canopies, Security/Bullet Resistant Glass, Acoustics, Decorative/Colored Glass, Structural Facades, and Others)
Architectural Glass Market Size, Share, Growth | Report 2028
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AGC Inc, Compagnie de Saint-Gobain SA, Guardian Industries Holdings LLC, Nippon Sheet Glass Co Ltd, Qingdao Morn Building Materials Co Ltd, Asahi India Glass Ltd, Turkiye Sise ve Cam Fabrikalari AS, Schott AG, Jinjing (Group) Co Ltd, and Vitro SAB de CV are among the major players operating in the global architectural glass market. Market players are highly focused on developing high-quality and innovative product offerings to fulfill the varied requirements of their customers.
Impact of COVID-19 Pandemic on Architectural Glass Market
Chemicals & material is one of the industries that suffered serious disruptions due to disturbances in supply chains and shutdowns of production plants amid the COVID-19 pandemic. The shutdown of various banks, manufacturing plants, and factories in regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa had further ill effects on supply chains, manufacturing, delivery schedules, and sales. Moreover, the pandemic severely impacted the construction industry, as many ongoing residential construction projects were suspended. The contractors and builders struggled to obtain permits for new and in-process construction projects. These factors restrained the architectural glass market growth during the pandemic. However, during the lockdowns, residents invested both time and money in rebuilding or remodeling their homes, which increased the demand for materials.
The report includes the segmentation of the global architectural glass market as follows:
Based on type, the architectural glass market is segmented into tempered glass, annealed glass, laminated glass, and others. Based on application, the architectural glass market is segmented into hurricane impact, balustrades/glass railings, overhead and canopies, security/bullet resistant glass, acoustics, decorative/colored glass, structural facades, and others. Based on geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The architectural glass market in North America is further segmented into the US, Canada, and Mexico. The European market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The architectural glass market in Asia Pacific is divided into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The architectural glass market in South & Central America market is categorized into Brazil, Argentina, and the Rest of South & Central America.
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