The advanced glazing glass market to show substantial demand growth
The advanced glass is changing the face of construction. Today we have a variety of advanced glass used for glazing which are performing various functions in addition to providing a nice look to the building. The market has been grown very fast recently and now account for a considerable share in the total construction glass. Indeed developed markets such as North America and Europe are leading players, though demand pattern in emerging markets is also changing. Commodity Inside anticipates that advanced glazing glass market in the construction industry is set to reach 32 million tonnes by 2028.
Energy efficient glazing glass is playing a pivotal role in keeping the energy consumption low and resulting less pollution in the environment. It accounts for the largest share in the advanced glazing glass market. The increasing regulations for a sustainable environment and green buildings are playing a significant role in driving demand for energy efficient glass.
The increasing population and urbanisation, as well as the trend of high rise buildings, are expected to drive demand for advanced glazing glass market. Most of the growth is expected to generate from commercial buildings followed by residential construction. We are not expecting any significant demand growth for advanced glazing glass in the infrastructure sector, though some types of advanced glazing glass will flourish more in the infrastructure markets due to their special attributes.
The high price margin over the standard glass prices will remain a serious drawback which will restrain demand. We are not expecting any significant squeeze in margins. The impact of high price will be more severe in the developing markets where both regulations and building architecture is not supportive of advanced glass in construction.
This article is based on our recently publish report “Global Advanced Construction Glazing Glass Market out to 2028”. To learn more about the report please contact us at info@commodityinside.com