Global Construction Glass Market – Overview
The need for economical raw materials for the construction sector are driving the growth pace of the market favorably. Market Research Future, a firm which specializes in market reports related to the construction sector among others, published in its recent report on Global Construction Glass Market Research Report – Forecast to 2022, that the sector is expected to develop with a rewarding CAGR percentage which will result in rise in the level of revenue generated by the sector.
Increase in the rates of urbanization in many countries have driven the growth of this sector significantly. Due to construction glass’s properties of molding flexibility, chemical resistance and resistance to wear and tear have made it a popular option to be incorporated in building design especially as a part of building facades. Glass used in construction has a lot of benefits in terms of energy saving and long term maintenance of the exterior of the buildings as compared to building with a cement built exterior. Additionally as construction glass enables the increase in the level of natural light thereby saving energy costs, has led to the achievement of a high level of demand globally.
The versatility in the level of applications has further prompted increase in its demand from various sectors. Development of new types of construction glass like tinted glass and smart glass have considerably contributed to the growth of the industry. The restraints that can be felt by industry players are those associated with the factors like high costs of raw material and the economic downturn of the construction in this sector.
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Global Construction Glass Market – Competitive Analysis
With the entry of new industry players in the construction glass segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players of the global construction glass market are
- S.A. Bendheim Ltd. (U.S.),
- AGC Glass Company North America, Inc.(U.S.),
- Schott AG (Germany),
- Central Glass Co. Ltd. (Japan).
Few of the other important market players are
- PPG Industries, Inc. (U.S.),
- Saint-Gobain S.A. (France),
- Nippon Sheet Glass Co., Ltd. (Japan),
- JE Berkowitz, LP (U.S.),
- AGNORA (U.S.),
- Guardian Industries Corp Ltd .(U.S.).
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Construction Glass Market Research Report – Forecast to 2022”
Latest Industry Updates:
Dec 2017 AGC Asahi Glass, a world-leading manufacturer of glass, chemicals, and high-tech materials, and Kinestral Technologies, maker of Halio smart-tinting glass have announced recently the creation of three joint venture companies that will sell, distribute, and service Halio to the global market. With the primary aim to accelerate the adoption of Halio, the new ventures namely Halio North America, Halio International, and Halio China will be the exclusive sales and marketing agents for Halio smart-tinting glass in the commercial and residential housing industries.
June 2017 AGC Asahi Glass has announced its decision to sell all (100%) shares of AGC Flat Glass Philippines, Inc. to TQMP Glass Manufacturing Corp. by the end of December 2017.The sale is subject to approval by Philippine antitrust authorities. With the sale of this stock, the AGC Group withdraws from the manufacture of architectural glass in the Philippines. Nevertheless, they are focusing on strengthening sales of high value-added products such as solar control glass and mirrors produced at other bases.
Jan 2017 Kinestral Technologies, Inc., developer of Halio, announced recently that the company has closed a $65 million Series C equity funding round. The funding will be used to launch Halio into North America beginning later this year and into the global marketplace in 2018.
Dec 2017 Cladtech International LLC (CTI) has been awarded a contract by Al Saad General Contracting Company for the manufacture and installation of curtain wall facades for the Sail Tower project in Jeddah, Saudi Arabia. Cladtech International is highly regarded as one of the region’s leading curtain wall experts and a world class manufacturer of aluminum and glass facades, and curtain walls. The scope of work includes the façade of the entire 60-storey building, which will house a 242-room luxury hotel, 104 serviced apartments and parking spaces for 600 cars.
Nov 2017 The country’s integrated glass company Asahi India Glass (AIS) is all set to commence production at its Taloja plant. This move will further strengthen the position of the company. Along with the company’s fifth auto glass plant in Gujarat, the AIS Taloja plant will further add to the scale and flexibility of AIS in providing seamless supplies to customers. Highly modernized new float glass plant equipped with the latest in glass manufacturing technology, the Taloja Plant will have the capability to produce high-quality value-added glass for both, the architectural and the automotive glass segments, with an installed capacity to manufacture 550 tonnes of glass per day.
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Global Construction Glass Market – Segments
The market for global construction glass market is segmented on the basis of application, type and region.
On the Basis of Application: Commercial, Residential, and others
On the Basis of Type: Flat Glass, and Special Glass
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
Global Construction Glass Market – Regional Analysis
Geographically, the global construction glass market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Rest of the World. Asia-Pacific is expected to dominate the global construction glass market, owing to the developments in the building construction industry. The rise in population and the increase in disposable income of the people are leading to the boom in the construction industry and thereby the construction glass market. The regions of North America and Europe are considered to be mature markets because of construction industry, so the growth in the construction glass market, here is very low.
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