North America Architectural Flat Glass Market Analysis

North America Architectural Flat Glass Market Analysis

The North America tempered architectural flat glass market was estimated to be around USD 2.2 billion in 2021 and is expected to grow at a CAGR of over 7% during the forecast period 2022-2028. Unprecedented growth in residential and commercial building construction in recent years for living and business activities have attributed to the rise in usage of tempered glass.
 

Additionally, the safety and strength factor associated with tempered glass makes it a key component for application in the construction industry. The processing of tempered glass involves thermal & chemical treatments which increases its strength. The glass also breaks into granular pieces instead of sharp edges, thus minimizing the chances of injury which should boost product demand.
 

New construction applications segment was USD 3.4 billion in 2021 and is projected to grow at a CAGR of over 8% through 2028. Rising corporate business activities in both manufacturing & service sectors, government initiatives on public spending and defence works, increased investment on educational and healthcare infrastructure are some of the major factors attributing to the growing construction spending in the region.
 

The rising focus of various governments on development work has attributed to increasing infrastructure development activities across North America. Favourable government policies have also forced private entities to boost their current infrastructure and invest in new ones. These factors are fuelling the new construction activities across the region and boosting the growth of architectural flat glass market.
 

The North America architectural flat glass market with respect to residential end-use was estimated at around USD 2.75 billion in 2021 and is projected to grow at a CAGR of over 7.5% during the forecast period. The growing population of North America should lead to the rise in residential constructions in the region. The rising migration of people in North America for education and career opportunities is also boosting the demand for residential complexes in the region.
 

Additionally, low borrowing costs is attributing towards an increase in the demand for residential homes which is a key factor fuelling the market growth of architectural flat glass from new construction applications across the region.
 

The North America architectural flat glass market for manufacturing facilities end-use is projected to surpass USD 405 million by 2028 at a CAGR of over 6.5% from 2022 to 2028. Factors such as capacity expansion and new product developments in the chemical, electronic products, food & beverage, tobacco, and other industries has attributed to rise in manufacturing facilities.
 

Changing technological landscape, increasing consumer demands, and rising income levels are key factors driving the growth of the manufacturing industry across North America. The rise in population coupled with technological changes and advancements have increased the needs & wants of customers drastically. This has led companies to invest heavily on R&D infrastructure to cater the rising consumer demands which in turn is driving the manufacturing industry across North America.
 

The U.S. architectural flat glass market was projected at USD 5.8 billion in 2021 and is expected to grow at a CAGR of over 7% during the forecast period. Significant growth in population has attributed to increase in public and private investments in the manufacturing, transportation, power, and communication sectors.
 

Increased prevalence of global manufacturing & service-based companies, rising consumer demand for new products & services, and government spending on infrastructural projects should augment the US architectural flat glass market during the projected timeframe. The high per capita income of consumers along with favourable industrial policies makes the U.S. a favourable market for all major global manufacturing & service companies.