The global Glass Facade market size is expected to be worth around US$ 100.6 billion by 2030, according to a new report by Vision Research Reports.
The global Glass Facade market size was valued at US$ 68.9 billion in 2020 and is anticipated to grow at a CAGR of 5.9% during forecast period 2021 to 2030.
|Market Size||US$ 100.6 billion by 2030|
|Growth Rate||CAGR of 5.9% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||AGC Inc.; GUARDIAN INDUSTRIES; Nippon Sheet Glass Co., Ltd.; Saint-Gobain;sisecam Group; Vitro|
Growing investments in green building construction projects are anticipated to propel product usage over the forecast period. The adoption of glass is rising as a preferred construction material. Factors such as plenty of natural daylight, good ambiance, and energy efficiency are propelling the use of glass in Facade architecture. Other advantages include the strength to withstand harsh weather elements, flexibility in terms of transparency or translucency, aesthetic benefits, and cost-effectiveness.
The principal front of a building facing a street or open space is known as facade. Different types of glass such as tempered, laminated, and insulated are used in the exterior facade of both residential and non-residential buildings. Increasing investments in construction activities are expected to boost market growth over the forecast period.
By Product Analysis
Based on product, the insulated segment dominated the market for glass Facade and held the largest revenue share of over 54.0% in 2020. The major factor driving the insulated glass segment is high energy efficiency in buildings as it reduces the energy power consumption needed for cooling or heating the area.
IGUs are extensively preferred in green buildings as it minimizes ecological footprint and is made from multiple glass panes, which reduces the heat transfer. The space between the panes is filled with inert gases such as argon, which is mostly used owing to its low thermal insulation. The thermal insulation offered by IGUs reduces artificial heating and minimizes the overall cost.
Tempered, also referred to as toughened glass usually breaks into small blunt pieces instead of big shards, which makes it less likely to injure a person. These properties make it applicable for use as a safety glass.
By Application Analysis
Based on application, the non-residential segment dominated the market for glass Facade and accounted for the largest revenue share of more than 66.0% in 2020. The high share is attributable to the scope of the segment, which includes commercial space, hotels, restaurants, shopping centers, and other such huge buildings.
Growing investments in commercial construction are anticipated to propel the consumption of glass Facades over the forecast period. Increasing emphasis on energy efficiency and offering a comfortable workspace to employees with natural daylight is being observed in the commercial sector.
The penetration of glass Facade is propelling in the residential segment as well. Glazing helps in bringing daylight for a longer period, saving on the cost of external lighting. Furthermore, technological advancements have made glass a high-strength material.
By Regional Analysis
Asia Pacific dominated the glass Facade market and accounted for the largest revenue share of 56.1% in 2020. The segment is anticipated to register the fastest growth rate over the forecast period. Rising construction activities in the region.
In North America, the market for glass Facade is anticipated to register a CAGR of 3.9%, in terms of revenue, over the forecast period. Increasing infrastructural developments coupled with rising demand for multifamily housing projects is anticipated to fuel product demand in the region.
Europe holds vital significance in the global market. The region is anticipated to witness investments in businesses as well as infrastructure in order to meet its climate goals and push economic recovery.
Asahi India Glass Limited
Nippon Sheet Glass Co., Ltd.
Middle East & Africa
The Glass Facade market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Glass Facade market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Glass Facade market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Glass Facade market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Glass Facade market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Glass Facade capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Glass Facade by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Glass Facade market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Glass Facade market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Glass Facade market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Glass Facade industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Glass Facade market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Glass Facade market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Glass Facade market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Glass Facade market. These factors have benefited the growth of the global market for Glass Facade. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Glass Facade. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Glass Facade are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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