Glass Market Growth Transparent

The growth in the global construction market, technological advancement in glass, and need for energy savings are the major factors driving the expansion of the global construction glass sector. The increasing middle-class population with high disposable income, and demand for sustainable construction have boosted construction, which in turn is propelling the demand for construction glass.

The global construction glass market was valued at $81.9 billion in 2015, and it is expected to rise at a CAGR (compound annual growth rate) of 7.6% between 2016 and 2022.

The reason behind consumption of construction glass in the commercial segment is because of numerous solutions, such as solar protection and temperature control, high resistance to electricity and chemicals, and flexible in molding.

Some of the barriers are increasing cost of raw materials. This is also affecting the manufacturing cost, as the profit margin of the retailers is reducing, due to increasing cost.

Opportunities in the global construction glass market include a demand for green buildings and value-added glass products on projects. The factors slowing growth of the market are environmental and government regulations and the uncertain global economic conditions. The glass market will aid the growth of the construction industry as a whole.

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