Global Construction Glass Market Will Reach USD 138.3 Billion by 2023: Zion Market Research

New York, NY, April 17, 2018 (GLOBE NEWSWIRE) — Zion Market Research  has published a new report titled “Construction Glass Market by Type (Insulated glaze units, Glass wool, Glass blocks, Toughened glass, Tinted glass, Chromatic glass, Extra clean glass, Laminated glass, Shatterproof glass, Float glass) by Structure (Roof, Partitions & walls, Staircase, Beams, Floors) by Manufacturing Process (Float, Rolled/Sheet) By Chemical Composition (Soda-lime, Potash-lime, Potash-lead) for Residential and Non-residential applications by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023”. According to the report, global construction glass market was valued at around USD 91.7 Billion in 2017 and is expected to reach approximately USD 138.3 Billion in 2023, growing at a CAGR of slightly above 7.0% between 2017 and 2023.

The glass contains certain components that are present in minor quantities to achieve desired properties such as color, heat resistance, abrasion resistance, and strength. Properties of glass can even be adjusted by regulating the temperature of glass melting furnace during its manufacturing. Common glasses are soda lime glass that has applications for producing bottles and windows. Other forms of glasses include metallic glasses, halide, phosphate, lead, borate, aluminosilicate, and borosilicate. 

Browse through 173 Tables & 43 Figures spread over 130 Pages and in-depth TOC on “Global Construction Glass Market: Industry Type, Size, Share, Growth, Segments Analysis and Forecast, 2017 – 2023”.

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Construction glass is characterized by numerous chemical and physical properties that include molding flexibility, chemical resistance, and electric resistance. It remains unaffected to climatic changes that have increased its usage in residential buildings. Rising adoption of energy saving construction materials coupled with advanced infrastructural projects in developing regions has augmented construction glass market growth. Additionally, the glass increases natural light influx in buildings that suffice energy efficient temperature management. Low emissivity of glass helps advanced glazing solution that curtails the need for cooling and heating of buildings. This resulted in reduced carbon emissions and energy consumptions, that has bolster construction glass market. However, high raw material costs and economic downturn of certain countries can restrain the product demand in the forecast period. 

The glass is a cost-effective and attractive alternative for conventional building materials including wood, polycarbonate, and bricks. Further, environmental sustainability, safety, and security are other basic factors projected to foster construction glass market till 2023. Trending …

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