Architectural Flat Glass Market Estimated At USD 5.14 Billion By 2030


 San Francisco, 4 June 2024: The Report Architectural Flat Glass Market Size, Share & Trends Analysis Report By Product (Tempered, Laminated, Insulated), By Application (Residential leading industry Players., Non-residential, Industrial), By Region, And Segment Forecasts, 2024 - 2030

The global architectural flat glass market size is anticipated to reach USD 285.31 billion by 2030 and is projected to grow at a CAGR of 3.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for architectural flat glass in the residential building is driving market growth.

Architectural flat glass is a popular material in residential buildings, used for windows, doors, railings, patio covers, sunrooms, and partitions. It is valued for its eco-friendliness, durability, and aesthetic appeal, and allows natural light to illuminate interior spaces, enhancing the overall appearance of buildings. The growing investment in building construction and renovation is expected to drive demand for this product in the forecast period.

In 2023, the insulated glass segment held the largest revenue share. Insulated glass is known for its ability to enhance energy efficiency in buildings by minimizing heat transfer, resulting in reduced electricity consumption for heating or cooling purposes. As a result, there is an expected rise in product demand due to building codes and regulations that prioritize energy efficiency.

North America contributed to a revenue share of over 16% over the forecast period. The demand for this product is mainly driven by new residential construction, repair, and remodeling activities, as well as commercial and industrial construction activities in the U.S., Canada, and Mexico.For instance, in 2023, construction spending in the U.S. was around USD 1,978.7 billion, which is 7.0% higher than the previous year.

The global market is highly competitive. Companies in the industry are pursuing capacity, expansion, mergers, and acquisitions to grow their businesses. For instance, in September 2023, Press Glass announced a USD 155.2 million investment to expand its glass manufacturing site located in Ridgeway, Virginia.

Access Research Report of Architectural Flat Glass Market @ https://www.grandviewresearch.com/industry-analysis/architectural-flat-glass-market-report

Architectural Flat Glass Market Report Highlights

  • Based on application, the industrial segment led the market with the largest revenue share of 4.95% in 2023. The rising industrialization in emerging countries such as China, India, and Vietnam is driving the market growth of the segment
  • The tempered segment is anticipated to register at the fastest CAGR of 3.8% during the forecast period. Tempered glass is commonly employed in structural glass applications where there is a risk of wind, snow, thermal, or seismic loads
  • Asia Pacific dominated the market with the revenue share of 58.71% in 2023. The demand for architectural flat glass is increasing in Asia due to rapid urbanization and construction activities stemming from population growth and economic development, which necessitate modern infrastructure and buildings
  • China's market held a revenue share of approximately 60.96% in Asia Pacific in 2023. Rising investment in the construction of high-rise office and commercial buildings is propelling the demand for the product

Architectural Flat Glass Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 227.70 billion

Revenue forecast in 2030

USD 285.31 billion

Growth rate

CAGR of 3.8% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in the Architectural Flat Glass Market

  • AGC Inc.
  • Guardian Industrie
  • Saint-Gobain
  • ?i?ecam
  • Vitro Architectural Glass
  • CARDINAL GLASS INDUSTRIES, INC
  • Schott AG,
  • Paragon Tempered Glass, LLC
  • Xinyi Glass Holdings Limited.
  • Vitrum Glass Group

Access Press Release of Architectural Flat Glass Market @ https://www.grandviewresearch.com/press-release/global-architectural-flat-glass-market

 

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more