The architectural glass market size is projected to grow from US$ 52,608.27 million in 2022 to US$ 75,837.41 million by 2028; it is expected to grow at a CAGR of 5.6% from 2022 to 2028.
Architectural glass is a building material used as a transparent glazing material in windows, home & office doors, external walls, among others. The rising urbanization is contributing to the growing construction activities across the globe. Increasing population growth, migration of people from rural to urban areas for career opportunities, and strategic business investments are boosting the construction sector, driving the architectural glass market growth.
Impact of COVID-19 Pandemic on Architectural Glass Market
In 2020, various industries had to slow down their operations due to disruptions in value and supply chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic adversely affected economies and industries due to lockdowns, travel bans, and business shutdowns. Disruptions in the supply chains of key raw materials and irregularities in manufacturing processes due to restrictions imposed by government authorities had a direct impact on the chemicals & materials industry, which hampered construction material production and demand. These factors negatively impacted the architectural glass market during the COVID-19 pandemic. However, in 2021, the marketplace witnessed a positive recovery as the governments announced the relaxation of previously imposed restrictions. The manufacturers were permitted to work at full capacity, leveraging their profitability. This factor is expected to drive the market in the coming years. For instance, according to Eurostat, after an unprecedented decline in March and April (-25.9%), construction activity in the European Union increased by 20.4% in May 2020. It recovered some of the losses of the crisis. Since then, construction activity has increased in most months but not very dynamically. In January 2022, the production level was only 1.9% higher than in February 2020.
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Market Insights
Growing Demand for Colored and Printed Glass
With growing economy, increasing living standards and modernization among the population globally, the use of decorative glass, such as printed and colored glass, in designing the interiors of residential and commercial buildings is increasing. The demand for screen printing glass in the construction industry is growing as it offers various aesthetic advantages over traditional building materials. Screen printing glass expands its uses in industrial, commercial, and architectural applications such as display windows, building exterior landscaping, architectural space partitions, mosaic glass, furniture decoration, and other 3D objects. Such advancement in glass manufacturing varieties is further expected to boost the demand for architectural glass.
Type Insights
Based on type, the architectural glass market is segmented into tempered glass, annealed glass, laminated glass, and others. The laminated segment is projected to register the highest CAGR during the forecast period. Laminated glass is a good alternative to traditional glass, as it offers a rigid, robust, and durable structure and provides a solid, transparent layer. It is used in buildings that are at high risk of hurricanes or other natural disasters, in windows of residential and commercial buildings at higher risk of break-ins, in display cabinets for valuables such as jewelry, aquariums or animal enclosures, glass floors, glass stairs, skylights, and glass roofs. Additionally, owing to the rising demand for security, sound reduction, shatter resistance, and protection from adverse weather conditions, the market is expected to witness steady growth during the forecast period.
Application Insights
Based on application, the architectural glass market is segmented into hurricane impact, balustrades/glass railings, overhead and canopies, security/bullet resistant glass, acoustics, decorative/colored glass, structural facades, and others. The structural facades segment held the largest share of the market in 2021. In structural facades, architectural glass is widely used in glass wall cladding and glass wall partitions. Wall cladding is used to provide a degree of thermal insulation and weather resistance, and to improve the appearance of buildings. Glass cladding is a widely used technique in architecture where glass panes are used on the exterior surface of buildings. Toughened glass is the most common type of glass used in wall partitioning. This glass is toughened by heating it, which makes the glass four to five times stronger and more durable than annealed glass. These factors are expected to drive the segment.
The key players operating in the architectural glass market include AGC Inc, Compagnie de Saint-Gobain SA, Guardian Industries Holdings LLC, Nippon Sheet Glass Co Ltd, Qingdao Morn Building Materials Co Ltd, Asahi India Glass Ltd, Turkiye Sise ve Cam Fabrikalari AS, Schott AG, Jinjing (Group) Co Ltd, and Vitro SAB de CV. These players focus on providing high-quality products to fulfill customer demands. They also focus on strategies such as investments in research and development activities, and new product launches.
Architectural Glass Market Regional Insights
Architectural Glass Market Regional Insights
The regional trends and factors influencing the Architectural Glass Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Architectural Glass Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Architectural Glass Market Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 52.61 Billion |
Market Size by 2028 | US$ 75.84 Billion |
Global CAGR (2022 - 2028) | 5.6% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Architectural Glass Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Architectural Glass Market are:
- AGC Inc
- Compagnie de Saint-Gobain SA
- Guardian Industries Holdings LLC
- Nippon Sheet Glass Co Ltd
- Qingdao Morn Building Materials Co Ltd
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Architectural Glass Market top key players overview
Report Spotlights
- Progressive industry trends in the architectural glass market to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the architectural glass market from 2020 to 2028
- Estimation of global demand for architectural glass
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers of architectural glass
- Recent developments to understand the competitive market scenario
- Market trend and outlook, along with factors driving and restraining the architectural glass market growth
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- The size of the architectural glass market at various nodes
- Detailed overview and segmentation of the market, as well as the construction industry dynamics
- Size of the architectural glass market in various regions with promising growth opportunities
Company Profiles
- AGC Inc
- Compagnie de Saint-Gobain SA
- Guardian Industries Holdings LLC
- Nippon Sheet Glass Co Ltd
- Qingdao Morn Building Materials Co Ltd
- Asahi India Glass Ltd
- Turkiye Sise ve Cam Fabrikalari AS
- Schott AG
- Jinjing (Group) Co Ltd
- Vitro SAB de CV
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Based on application, acoustics is the fastest-growing segment in the architectural glass market.
The increase in construction and infrastructural redevelopment activities and rise in consumer expenditure on interior designing are some of the key driving factors for the architectural glass market.
Asia Pacific accounted for the largest share of the global architectural glass market owing to the growing expansion of the real estate industry, rising investments in the construction sector, and rise in sustainable construction in the region.
Based on the type, the laminated glass segment accounted for the largest revenue share as it is often used as hurricane-resistant walls, intrusion cover in houses, and damage intolerance in vehicle windshields.
The global architectural glass market is growing with an upward trend, and manufacturers are making significant investments in research & development, partnerships, and collaborations to launch innovative products to tap into emerging market opportunities.
The major players operating in the global architectural glass market are AGC Inc, Compagnie de Saint-Gobain SA, Guardian Industries Holdings LLC, Nippon Sheet Glass Co Ltd, Qingdao Morn Building Materials Co Ltd, Asahi India Glass Ltd, Turkiye Sise ve Cam Fabrikalari AS, Schott AG, Jinjing (Group) Co Ltd, and Vitro SAB de CV among few others.
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The List of Companies - Architectural Glass Market
- AGC Inc
- Compagnie de Saint-Gobain SA
- Guardian Industries Holdings LLC
- Nippon Sheet Glass Co Ltd
- Qingdao Morn Building Materials Co Ltd
- Asahi India Glass Ltd
- Turkiye Sise ve Cam Fabrikalari AS
- Schott AG
- Jinjing (Group) Co Ltd
- Vitro SAB de CV