Asia Pacific Construction Glass Market to Witness Significant Growth until 2025
Growing requirement for
better infrastructure facilities to drive Asia Pacific construction glass
market
According
to TechSci Research report, “Asia
Pacific Construction Glass Market By Product Type (Low- Emissivity Glass
and Special Glass), By Application (Residential and Commercial), By
Manufacturing Process (Float Glass Process and Rolled/Sheet Process), By
Coating Type (Hard Coat, Soft Coat), By Country, Competition, Forecast &
Opportunities, 2025”, Asia Pacific construction glass market is expected
to witness a significant CAGR over the forecast period. Construction glass has
various properties & applications such as excellent insulation, high
strength, soundproof, saves energy, and is fire-resistant, these properties
make construction glass the most feasible option for the construction industry,
thereby is one of the major
factors accounting for the growth of Asia Pacific construction glass market.
Moreover, rising population in the region means need for construction of new
buildings, which is further expected to bode well for the growth of Asia
Pacific construction glass market during the forecast period. In addition to
this, high disposable income has enabled end users to spend more on new
constructions, which is positively influencing the growth of Asia Pacific construction
glass market. Also, expanding construction industry is further making headway
for the growth of Asia Pacific construction glass market. Along with this, high
demand for sustainable construction is forecast to positively contribute to the
market growth in the next 5 years.
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Asia
Pacific construction glass market can be segmented based product type, application, manufacturing
process, coating type product type, application, manufacturing process, coating
type, company, and region. Considering the product type, the market is
fragmented into low-emissivity glass and special glass. Here, the low-emissivity
glass type segment is expected to grow at the highest CAGR during the forecast
period. This growth can be attributed to certain benefit it offers such as low-emissivity
glasses reflects heat back to its source which helps your home stay cooler in
the summer and warmer in the winter. Along with this, such glasses do not require
special cleaning, which further contributes to the high demand of these
glasses, thereby driving the growth of construction glass market during the
forecast period. In terms of
manufacturing process, the market is segregated into float glass process and
rolled/sheet process. Among these, the float glass process is estimated to grow
at a high pace during the next 5 years, as this process helps in giving a good
shape to glass.
Asahi Glass, Central Glass Co. Ltd.,
China Glass Holdings Limited, Guardian Industries, Nippon Sheet Glass (NSG),
PPG Industries, Saint-Gobain, Schott AG, Sisecam Group, Xinyi Glass Holdings
Limited, are among others are the leading players operating in
Asia Pacific construction glass market. The leading players are adopting several
growth strategies to enhance the market scenario of construction glass. Other
competitive strategies include new product developments; mergers &
acquisitions; agreements, partnerships, and collaborations; and expansions to
diverse their product portfolio in order to strengthen their market position.
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“Asia Pacific is expected to witness formidable growth during the next five
years on account of growing disposable income of the regional consumers. In
addition to this, growing construction & infrastructure sector is further
contributing to the growth of construction glass market. Besides, rise in
standard of living is anticipated to drive the market growth during the
forecast period.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Asia Pacific Construction Glass Market, By Product
Type (Low- Emissivity Glass and Special Glass), By Application (Residential and
Commercial), By Manufacturing Process (Float Glass Process and Rolled/Sheet
Process), By Coating Type (Hard Coat, Soft Coat), By Country, Competition,
Forecast & Opportunities, 2025” 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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