Glass Facade Market Key Industry Opportunities and Trends Report by 2028

Glass Facade Industry Overview

The global glass Facade market size was valued at USD 67.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2021 to 2028.

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.

Gather more insights about the market drivers, restrains and growth of the Global Glass Facade Market

The U.S. was a major market for glass Facade in 2020. The increasing popularity of the green building concept, growing awareness regarding environmental protection, and supporting government policies related to sustainable energy usage are expected to augment the use of glass facades in the country.

Furthermore, the growing demand for high-rise buildings owing to rapid urbanization is anticipated to positively influence market growth. The application of glass as a material in Facade is becoming popular owing to its lightweight, which reduces the dead load of the buildings. Most of the tallest buildings in the world have glass facades, for example, Jeddah Tower in Dubai, Merdeka 118 in Malaysia, and DeKALB in Brooklyn.

Glass in the exteriors brings out the aesthetic appeal of commercial buildings, thus, positively impacting the brand value. Growing commercial construction activities owing to the increasing demand for office space and corporate hubs are positively impacting market growth.

Despite its advantages, glass is not suitable for use in places with hot climates as it traps heat and acts as a greenhouse. Buildings with glass Facade have high temperatures inside, resulting in increased usage of air-conditioners and fans. Higher usage of air-conditioners lead to an increase in electricity cost and also impact carbon footprint. Glass Facade is suitable for places with a temperate climate and not apt for cities with hot climates.

Browse through Grand View Research’s Specialty Glass, Ceramic & Fiber Industry Research Reports.

• Automotive Glass Market: The global automotive glass market size was valued at USD 30.2 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2027.
• Active Insulation Market: The global active insulation market size was valued at USD 254.5 million in 2019 on account of increased demand from the building and construction industry and is anticipated to ascend at a revenue-based CAGR of 5.9% over the forecast period.

Market Share Insights

• July 2021: My Home Constructions, an Indian real-estate builder, announced to invest USD 2 billion to construct a hub of IT companies.
• March 2021: KGC announced to invest around EUR 10 million (~USD 11.6 million) in a new plant in MoletuPlentas in Vilnius. The new plant will be region’s first aluminum-glass structure plant, which is expected to commence in 2022.
• December 2020: Skanska AB, completed the Prisma Project with 592 unitized glass Facades in Helsingborg.

Key Companies profiled:

Some of the prominent players in the global glass facade market include:

• AGC Inc.
• Asahi India Glass Limited
• Euroglas GmbH
• GUARDIAN INDUSTRIES
• Nippon Sheet Glass Co., Ltd.
• Saint-Gobain
• Sisecam Group
• Vitro

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