Monday, August 13, 2018

Global Construction Glass Market is projected to reach valuation in USD million by 2024



Axiom MRC added a Construction Glass Market Report, By Source, Formulation, Crop Type, Mode of Application and Geography – Global Market Share, Trend Analysis & Forecast Up To 2024

The global market of construction glass is booming and expected to gain prominence over the forecast period. Registering a CAGR of between 6.9% to 7.9% during the period 2019-2024. The market is forecasted to view a stunning growth by 2024, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2019 – 2024). The global construction glass market is expected to grow at a highest CAGR by 2020.

This glass possesses various physical and chemical properties such as corrosion resistance, radiation resistance properties, flexibility, and is unaffected to changes in climatic conditions, which as a result increases the growth of the construction glass market. Also, new buildings, educational institutes, and industrial buildings have started using solar control low-e glass, which accelerated the market growth. The main factors driving the global construction glass industry is the rising population which encourages construction of new buildings. Also, high disposable income has allowed the end users to spend more on new constructions. Most importantly, the changing mindset of residential consumers has given a boost to the construction glass industry. However, high costs associated with raw materials and economic slowdown restrain the market growth.

Global Construction Glass Industry Is Segmented Based On Type:
The global construction glass industry is segmented based on type, chemical composition, application and geography. Based on type, the construction glass is segmented into low e-glass and special glass. Low-emissivity property of glass is used in advanced glazing solutions to significantly reduce the need of heating and cooling in the buildings, thus reducing energy consumption and associated CO2 emissions. Special glass accounted the highest market share and is estimated to grow rapidly due to the increase in construction activities of green buildings and various government regulations related to energy efficient buildings.
Global Construction Glass Industry Based On Chemical Composition
Based on chemical composition, the construction glass industry is segmented into soda-lime glass, potash lime glass and potash lead-glass. Soda-lime glass is mainly a mixture of sodium silicate and calcium silicate. It is the most prevalent type of glass that is used in residential and non-residential buildings. Also, potash-lead glass segment is also expected to grow at a highest CAGR. It is a mixture of potassium silicate and calcium silicate.
Global Construction Glass Industry Application
The global construction glass industry finds application in residential and non-residential buildings. Non-residential construction segment accounted for the largest share of more than 64% in 2017. Rapid increase in adoption of energy-saving products with new infrastructural and construction projects in the developed and developing regions has added an extra element to the growth of construction glass market.
Global Construction Glass Industry By Geography
The global construction glass industry is segmented into APAC, North America, Latin America, Europe and Middle East & Africa. Consumer preference in developing countries such as Brazil, China, India, and South Africa are gradually shifing from traditional building structures to innovative and technologically advanced infrastructure. The United States and China are expected to observe the highest demand for construction glass during the forecast period. The demand of factories, manufacturing plants, stadiums, and offices has grown sharply due to rapid industrialization. Latin America & MEA is projected to spectate a significant growth in the construction glass industry during the forecast period.
Key Competitors Of Global Construction Glass Industry
The key competitors of Global Construction Glass Industry are S.A. Bendheim, Asahi Glass, Schott, Central Glass, PPG Industries, Saint Gobain, Nippon Sheet, JE Berkowitz LP, Agnora, Guardian etc.
Why to Buy:
·        The report offers changing market dynamics in the Construction Glass Market, presenting historical, current and projected market size in terms of value (USD million).

·     It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Construction Glass Market performance.

·       The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Construction Glass Market.

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Axiom Market Research & Consulting™ (also known as Axiom MRC), is a full-service market research and data analytics firm, driven by a simple aim of providing key market intelligence to companies to assist them in taking informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc.
Axiom Market Research & Consulting™ offers market research and data analytics services such as syndicated market research reports, custom market research reports, business consulting, consumer/end user survey, data processing & analytical services, social media analytics across various industry verticals such as, Life Science, Chemicals & Materials, Food & Beverages, Packaging Agriculture, power & Energy.

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