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Architectural Flat Glass Market Size

Report ID: GMI5423
Published Date: Jan 2023
Report Format: PDF

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Architectural Flat Glass Market Size

Architectural Flat Glass Market size valued at USD 122 billion in 2022 and is poised to exhibit over 14.5% CAGR from 2023 to 2032. The healthy growth of the building & construction sector, supported by the commendable rise in demand for commercial and residential properties, will favor industry progression.

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The favorable economic outlook, coupled with the consistent expansion of the global population and escalating urban migration, has propelled the need for adequate housing and industrial facilities. According to United Nations (UN), 55% of the world population lives in cities and urban areas. The share is projected to reach 68%, with 2.5 billion more people living in urban areas by 2050. In addition, a noticeable surge in renovation, refurbishment, and retrofit projects has created optimistic scenarios for the global construction sector. Thus, driving substantial growth for the architectural flat glass market.

Architectural Flat Glass Market Report Attributes
Report Attribute	Details
Base Year:	2022
Architectural Flat Glass Market Size in 2022:	USD 122.60 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	14.7%
2032 Value Projection:	USD 231.5 Billion
Historical Data for:	2018 to 2021
No. of Pages:	731
Tables, Charts & Figures:	1,022
Segments covered:	Product, Sales Channel, Application, End-user and Region
Growth Drivers:	Booming building & construction sector Increasing demand for solar panels Rising adoption of smart home technology
Pitfalls & Challenges:	Growing availability of alternatives

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The involvement of high temperatures during glass manufacturing makes it a highly energy-consuming process and leads to high prices for the end product. Besides, glass materials are increasingly brittle, heat absorbent, have low impact resistance and heat transparency, and require high maintenance. All these factors, in tandem with the availability of several low-cost product alternatives, may impede the market growth. However, favorable regulatory norms and increasing emphasis on building smart and energy-efficient infrastructure will augment product sales.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of architectural flat glass exceeded USD 122 billion in 2022 and is set to depict more than 14.5% CAGR from 2023 to 2032 attributed to the flourishing building & construction sector.

The tempered tile segment valued at USD 29 billion in 2022, owing to exceptional attributes of tempered flat glass, including superior hardness, versatility, and optical distortion.

The non-residential segment is projected to expand around 6.5% growth rate between 2023 and 2032, driven by the extensive utilization of flat glass in a variety of non-residential construction applications, including offices, schools, industrial, and healthcare.

The interior construction application segment is expected to register gains at nearly 5.5% through 2032, aided by the increasing infrastructural investments and a commendable rise in residential and commercial construction projects.

Asia Pacific architectural flat glass market is poised to showcase over 6% CAGR from 2023 to 2032, attributed to the supportive policy framework and improving residential and commercial infrastructure across major regional economies.