Press Release

Asia Pacific Construction Glass Market growth to Grow with a robust CAGR through to 2028

Advancements in the glass industry and need for energy-efficient temperature management is expected to drive the Asia Pacific Construction Glass Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Asia Pacific Construction Glass Market - By Country, Competition, Forecast and Opportunities, 2018-2028”, the Asia Pacific Construction Glass Market is expected to register a robust during the forecast period, 2024-2028. Architects and designers are increasingly integrating glass into contemporary building designs, thanks to its aesthetic appeal and versatility. Glass is utilized for expansive windows, curtain walls, glass roofs, and other architectural elements, which fuels the demand for construction glass.

The Asia Pacific region is currently witnessing substantial urbanization, as millions of individuals migrate from rural areas to cities. This ongoing trend is fueling a significant demand for both residential and commercial construction. Within the realm of modern architecture, construction glass plays a crucial role as a vital component. The market for construction glass is presented with a remarkable growth opportunity due to the increasing need for energy-efficient, aesthetically pleasing, and sustainable building solutions.

 

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Based on application, Residential segment has emerged as the predominant market leader. The construction of residential properties, including apartments, condominiums, and single-family homes, is currently experiencing a significant upsurge across various countries in the Asia Pacific region. This surge is driven by a combination of factors, such as increasing incomes, evolving lifestyles, and government incentives for housing development. The integration of smart home technologies is witnessing a notable rise in residential construction. Smart glass, which has the ability to switch between transparent and opaque states, is being increasingly utilized for privacy applications and the regulation of natural light. Moreover, smart glass can be seamlessly integrated with home automation systems to enhance convenience and energy efficiency. Sustainable construction practices are gaining momentum in the residential segment as well. Many countries in the Asia Pacific region are implementing green building codes and certifications, leading to an augmented demand for sustainable construction materials. This includes eco-friendly glass products that are manufactured from recycled materials and contribute to energy efficiency. Government policies and incentives hold significant influence over the residential construction market. Subsidies, tax benefits, and favorable financing options for homebuyers and builders can stimulate residential construction activities. Conversely, regulatory changes and restrictions can impact the dynamics of the market. The affordability of housing continues to remain a critical factor in the residential segment. Government initiatives to promote affordable housing can influence the choice of construction materials, including construction glass. Cost-effective, yet high-quality glass products are often the preferred choice for residential projects.

Based on manufacturing process, Float segment is expected to grow during the forecast period. The availability of essential raw materials, such as silica sand, soda ash, and limestone, plays a crucial role in the production of float glass. The Asia Pacific region benefits from abundant access to these resources, which contributes to the growth of the float glass industry. Manufacturers in Asia Pacific often export their products to international markets, leveraging competitive pricing and high production volumes. The region's float glass exports serve the construction and automotive industries worldwide. Continuous technological advancements in float glass production have led to the development of specialized glass products, including solar control glass, sound-insulating glass, and fire-resistant glass. These products cater to specific needs within the construction sector, presenting opportunities for innovation and market expansion. The demand for safety and security in buildings has also driven the need for tempered glass and laminated glass products, commonly used in windows and doors. These glass types enhance impact resistance and provide protection against breakage. Economic factors, such as currency fluctuations, inflation rates, and interest rates, can influence the cost of float glass production and pricing, thereby impacting the competitive landscape within the industry. In conclusion, the float glass segment of the Asia Pacific Construction Glass Market is deeply intertwined with the region's construction industry, urbanization trends, architectural preferences, and sustainability goals. This segment plays a pivotal role in providing the fundamental material for a wide range of construction and architectural applications, making it a key driver of growth and innovation within the construction glass industry in the Asia Pacific region.

 

Major companies operating in Asia Pacific Construction Glass Market are:

  • Asahi Glass Co., Ltd.
  • Nippon Sheet Glass Co., Ltd.
  • China Glass Holdings Limited
  • Xinyi Glass Holdings Limited
  • Sisecam Group
  • Central Glass Co., Ltd.
  • Taiwan Glass Industry Corporation
  • Saint-Gobain S.A.
  • Guardian Industries
  • PT Asahimas Flat Glass Tbk

 

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“China is expected to dominate the market during the forecast period. China has been actively promoting green building practices and sustainability in the construction industry. Government initiatives and regulations are driving the adoption of eco-friendly materials, such as energy-efficient glass products, in construction projects. As a result, there is a growing market for sustainable construction glass solutions in China.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Asia Pacific Construction Glass Market By Type (Low-Emissivity and Special), By Application (Residential, Commercial and Others), By Manufacturing Process (Float and Rolled/Sheet), By Chemical Composition (Soda-Lime, Potash-Lime and Potash-Lead), By Country, By Competition Forecast & Opportunities, 2018-2028, By Country, By Competition Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of Asia Pacific Construction Glass Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Asia Pacific Construction Glass Market.

 

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