Architectural Flat Glass Market size to value $230 Bn by 2032

Architectural Flat Glass Market size is set to cross USD 230 billion by 2032, as per a recent research report announced by Global Market Insights Inc.

Rising demand for solar panels fueled by the increasing deployment of renewable energy sources will foster an architectural flat glass industry outlook. The accelerating climate change and growing concerns about limiting carbon and GHG emission levels have prompted governments and authorities globally to fasten their clean energy transition. In addition, the looming market uncertainties and energy security concerns caused as a result of sanctions imposed on Russia have triggered the requirement to enhance energy efficiency and boost the adoption of renewables.
 

According to the International Energy Agency, the annual renewable capacity additions, including wind and solar PV, exhibited unparalleled growth in 2021, rising 6% to almost 295 GW, despite pandemic-driven supply chain constraints, mounting commodity prices for raw materials as well as construction delays. These optimistic scenarios are expected to bolster solar panel sales, which, in consequence, will strengthen the architectural flat glass market share.
 

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Exceptional attributes to impact the adoption of laminated flat glass

With regard to the product category, the laminated segment valued at USD 30 billion in 2022. Laminated glass finds extensive usage across the building sector owing to its improved safety and security, decreased emissions and noise pollution, and protection from natural calamities. Besides, these glasses can efficiently reduce solar heating, thus, keeping the interiors of buildings cool and using less energy. Furthermore, their ability to remain intact in the event of natural disasters like hurricanes or earthquakes and limit the rate of deaths and injuries will further accelerate laminated flat glass market.
 

Surging smartphone users to create huge opportunities for online sales channel

Architectural flat glass market value from the online sales channel to reach USD 15 billion in 2022. The segment growth can be attributed to the mounting popularity of e-commerce platforms among customers as well as businesses & service providers. Additionally, the increasing internet and smartphone penetration, coupled with several technological improvements and the introduction of numerous user-friendly features, such as rich product descriptions, real-time tracking, and hassle-free return and cancellation policies, will augment segment development.
 

Browse key industry insights spread across 731 pages with 992  market data tables and 30 figures & charts from the report “Architectural Flat Glass Market Size By Product (Laminated, Tempered, Basic Float, Insulating), By Sales Channel (Wholesalers, Online, Retailer), By Application (New Construction, Refurbishment, Interior Construction), By End-use (Residential, Non-Residential [Offices, Retail Spaces, Hospitality, Institutional {Healthcare Facilities, Educational Institutes, Transport Facilities, Entertainment Facilities}], Industrial [Manufacturing Facilities, Warehouses, Flex Space Buildings]), COVID-19 Impact Analysis Report, Regional Outlook Application Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/architectural-flat-glass-market
 

Accelerating urban development to drive product demand in new construction projects

Regarding the application, the new construction segment amassed nearly USD 54 billion in 2022. The rapid urbanization in developed and developing economies has resulted in the expansion of existing commercial and residential infrastructure, contributing to segment share. The deployment of flat glass enables the entry of natural light into a structure, thereby lowering the demand for artificial lighting and raising energy efficiency. The stringent energy-efficiency norms across numerous countries will further foster product adoption.
 

Escalating energy security concerns to increase product penetration in the industrial sector

The industrial end-use segment of the architectural flat glass market is poised to exhibit gains at nearly 5.5% between 2023 and 2032. The popularity of flat glass in industrial applications can be credited to the fast-paced industrial growth in high and middle-income economies. The frequent product usage in the production of tailored energy-efficient and environmentally friendly solutions due to its compatibility with insulation and temperature control coatings will benefit the market expansion.
 

Increasing waste management practices to boost North America market

North America architectural flat glass market is estimated to observe over 6% CAGR between 2023 and 2032. On account of the increasing government investments in residential construction projects in major regional economies such as the U.S. and Canada. Moreover, the rising environmental concerns regarding waste management associated with the use of conventional construction materials, coupled with the ability of flat glass to be recycled, will further open untapped growth opportunities for flat glass from the construction sector.
 

Adoption of sustainable approach to define the competitive landscape

AGC Inc, Vitro Architectural Glass, Guardian Glass LLC, Dillmeier Glass Company, Saint Gobain North America, Syracuse Glass Company, Trulite Glass and Aluminum Solutions, Cardinal Glass Industries, Corning Incorporated, Schott AG, and Paragon Tempered Glass, LLC are some of the notable players in the architectural flat glass market These companies have been actively working on leveraging novel technologies to introduce sustainable and eco-friendly products and strengthen their global foothold.