According to a new research report by Global Market Insights Inc., the North America Architectural Flat Glass Market size is set to surpass USD 12.5 billion by 2027.
Flat glass comprises of glass manufactured in flat shape with different chemical make-up for individual applications. It is manufactured using natural materials and is widely utilized in construction applications. Investments in the residential construction industry showed huge growth opportunities. Increasing demand for high quality coupled with durability among glasses for construction and interiors is increasing the demand for architectural flat glass market growth. Moreover, flat glasses are cost-effective and affordable with many useful characteristics this factor is attracting builders and architects to use them for new constructions.
Increasing concern of consumers towards energy consumption should augment insulating architectural flat glass market growth
The insulating glass product segment surpassed USD 1.2 billion in 2020 and is estimated to record a CAGR of over 7.5% over the forecasted period. Insulating products helps to reduce winter season bills by avoiding heat to pass by windows this factor also reduces energy consumption. This factor helps to reduces electricity bills of consumers and have a monetary gain. Insulated flat glasses also used in offices and industries to maintain the temperature as well as helps to provide a professional, sharp, and minimal aesthetics. Furthermore, it also insulates the room by lowering heat loss as well as heat gain by addition of several layers of gas filled glasses. Furthermore, the architectural flat glass market is expected to propel in the forecast period as the insulted flat glasses raises the energy proficiency in buildings thus helping to meet the strict energy preservation regulations of architectural flat glass sector in the region.
Browse key industry insights spread across 195 pages with 144 market data tables and 42 figures & charts from the report, “North America Architectural Flat Glass Market Size By Product (Tempered Glass, Laminated Glass, Basic Float Glass, Insulating Glass), By Application (New construction, Refurbishment, Interior construction), By End-use (Residential, Non-residential, Industrial), Regional Outlook, Industry Analysis Report, Price Trend, Competitive Market Share & Forecast, 2021– 2027 ” in detail along with the table of contents:
Increase in renovation projects and rising demand for high-quality interiors should stimulate product demand from interior construction application
The architectural flat glass market demand from interior construction applications is estimated to reach USD 2.2 billion in 2027. The rapid pace of infrastructural developments along with renovation projects owing to high per capita income is increasing the demand for flat glass in this segment. The rising demand for high-quality interior and infrastructures to maintain a high standard of living has resulted in the need for decorative glasses with useful properties this factor is accelerating the architectural flat glass market in the foreseeable timeframe.
Increase in development of high-quality residential buildings with premium interiors should stimulate product demand
The architectural flat glass market demand from residential end-use was valued over USD 2.5 billion in 2020. Increasing urbanization has also increased the demand for high quality residential building with premium interiors to give stylish and decorative look to the home this factor is propelling the market growth. Moreover, high per capita income has also influenced time to time renovation of home to maintain status and standard of living this factor is further propelling the architectural flat glass market.
Increasing immigrants and rising technological advancement in Canada should drive architectural flat glass demand
The new construction application market in Canada is expected to reach to a market value of around USD 860 million by the end of 2027. This is due to rising immigrants in Canada which resulted into rising demand of new residential buildings. Increasing immigrants and corporate personnel also increased the demand for office buildings this factor is rising the demand for architectural flat glass market. The Canadian construction industry is rising after the COVID-19 preventive measures, which will create business opportunities. New trends and technologies are emerging in the construction sector as the sector continues to reopen. The rising prices of raw materials, overall increase in prices, and labor shortages have however affected the construction sector in the region. The Canadian government is investing in infrastructure and green energy projects. Also, the government is investing in growth plans for the country’s infrastructure to attract investments from the private and institutional sectors. Technological developments in the construction sector along with government initiatives, such as advocacy campaigns and growth plans for the infrastructure and construction sectors, are driving the construction industry, which will positively impact the architectural flat glass business growth.
The global architectural flat glass market share is competitive and comprises various companies such as Vitro Architectural Glass, AGC Glass North America, Dillmeier Glass Company, Xinyi Auto Glass, Guardian Glass, Oldcastle Building Envelope, Saint-Gobain Glass, Schott AG, GrayGlass Company, Corning, Syracuse Glass Company, NSG Group, Paragon Tempered Glass, Scheuten Flas netherland B,V, and Trulite Glass.
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