Architectural Flat Glass Market To Reach $285.31 Billion By 2030

Architectural Flat Glass Market Growth & Trends

The global architectural flat glass market size is anticipated to reach USD 285.31 billion by 2030 and is projected to grow at a CAGR of 3.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for architectural flat glass in the residential building is driving market growth.

Architectural flat glass is a popular material in residential buildings, used for windows, doors, railings, patio covers, sunrooms, and partitions. It is valued for its eco-friendliness, durability, and aesthetic appeal, and allows natural light to illuminate interior spaces, enhancing the overall appearance of buildings. The growing investment in building construction and renovation is expected to drive demand for this product in the forecast period.

In 2023, the insulated glass segment held the largest revenue share. Insulated glass is known for its ability to enhance energy efficiency in buildings by minimizing heat transfer, resulting in reduced electricity consumption for heating or cooling purposes. As a result, there is an expected rise in product demand due to building codes and regulations that prioritize energy efficiency.

North America contributed to a revenue share of over 16% over the forecast period. The demand for this product is mainly driven by new residential construction, repair, and remodeling activities, as well as commercial and industrial construction activities in the U.S., Canada, and Mexico.For instance, in 2023, construction spending in the U.S. was around USD 1,978.7 billion, which is 7.0% higher than the previous year.

The global market is highly competitive. Companies in the industry are pursuing capacity, expansion, mergers, and acquisitions to grow their businesses. For instance, in September 2023, Press Glass announced a USD 155.2 million investment to expand its glass manufacturing site located in Ridgeway, Virginia.

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Architectural Flat Glass Market Report Highlights

• Based on application, the industrial segment led the market with the largest revenue share of 4.95% in 2023. The rising industrialization in emerging countries such as China, India, and Vietnam is driving the market growth of the segment

• The tempered segment is anticipated to register at the fastest CAGR of 3.8% during the forecast period.Temperedglass is commonly employed in structural glass applications where there is a risk of wind, snow, thermal, or seismic loads

• Asia Pacific dominated the market with the revenue share of 58.71% in 2023. The demand for architectural flat glass is increasing in Asia due to rapid urbanization and construction activities stemming from population growth and economic development, which necessitate modern infrastructure and buildings

• China's market held a revenue share of approximately 60.96% in Asia Pacific in 2023. Rising investment in the construction of high-rise office and commercial buildings is propelling the demand for the product

Architectural Flat Glass Market Segmentation

Grand View Research has segmented the architectural flat glass market report based on product, application, and region:

Architectural Flat Glass Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Basic

• Tempered

• Laminated

• Insulated

• Others

Architectural Flat Glass Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Residential

• Non-residential

• Industrial

Architectural Flat Glass Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Central & South America

  • Brazil

• Middle East and Africa

  • Saudi Arabia

List of Key Players in the Architectural Flat Glass Market

• AGC Inc.

• Guardian Industrie

• Saint-Gobain

• ?i?ecam

• Vitro Architectural Glass

• CARDINAL GLASS INDUSTRIES, INC

• Schott AG,

• Paragon Tempered Glass, LLC

• Xinyi Glass Holdings Limited.

• Vitrum Glass Group