Glass is considered one of the most versatile materials to be used in the construction industry. This is due to its ability to be moulded easily into any shape. In addition to this, it is mainly used for allowing more natural light to enter a building. This help in drastically cutting down on energy and reduces carbon emissions. As a result of this, its application is increased in the construction of the green city projects. It is increasingly being used in the preservation or modernization of existing infrastructure. It improves the beauty of infrastructures as it offers versatility in terms of design. Apart from that, the growing disposable income in middle-class population sections has created greater demand for better infrastructure facilities. Against this backdrop, the building construction glass market is expected to gain significant momentum in the forecast period.
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Flourishing Construction Industry to Stimulate Building Construction Glass Market Growth
The global construction industry has witnessed increased investment, especially in the residential and construction sectors. Additionally, there have been several technical breakthroughs in infrastructure development in the recent years. That said, global warming is increasingly creating adverse circumstances. This is pushing the construction industry to adopt eco-friendly construction techniques. Owing to the recyclability properties of construction glass, its employment across the construction sector is set to soar. Moreover, improving socioeconomic conditions in several developing economies have resulted in increased government investment in public infrastructure. Such developments in the construction industry are set to create ample growth possibilities in the global building construction glass market.
Numerous Applications of Low–E Glass to Create Tremendous Tailwinds for Building Construction Glass Market
Low-E glass or Low emissivity glass is mainly used for thermal insulation and management. It absorbs and emits heat radiation which helps in prohibiting the heat from entering or escaping an enclosure. This aids in maintaining the desired room temperature in all seasons. Due to this ability, its demand in commercial sectors has increased, particularly for regulating the temperature inside manufacturing facilities. Low-E glass has also found its applications in the automotive sector since it decreases the overall vehicle weight and improves fuel economy. These trends are, in turn, boosting the demand for Low-E glass in the construction industry. Consequently, this is making tremendous contributions toward holistically expanding the building construction glass market.
Asia Pacific to Sustain Dominance in Building Construction Glass Market amid Growing Industrialization and Urbanisation
Asia Pacific is expected to hold a prominent share in the global building construction glass market. This is owing to the rapidly growing industrialisation and urbanisation. Against this backdrop, the adoption of building glass is rising in developing economies. Moreover, it is experiencing demand from industries and commercial spaces such as offices, malls, and manufacturing plants. Besides, the Indian market is experiencing a rise in the number of glass manufacturers. The regional market is further augmented by favourable government incentives.
Leading Players in Building Construction Glass Market
Some of the major players in the global building construction glass market include Saint-Gobain, AGC Glass, Asahi India Glass Limited, S.A. BENDHEIM CO. INC, Central Glass Co. Ltd., Schott AG, PPG Industries Limited,Sejal Glass Ltd., DB Glass, Sisecam Group, RHI Magnesita GmbH, Fuso Glass India Pvt. Ltd., Central Glass Co. Ltd., CSG Holding Ltd., Guardian Industries, Nippon Sheet Glass Co. Ltd., JE Berkowitz, Bendheim, AGNORA, Gulf Glass Industries Co. LLC., and Holdings Limited.
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