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North America Architectural Flat Glass Market size worth over USD 13 billion by 2028

  • Published Date: May 30, 2022

According to a new research report by Global Market Insights Inc., the North America Architectural Flat Glass Market size is set to surpass USD 13 billion by 2028.

Architectural glass is made of natural materials and is mainly used in the construction and architecture industry. The key application areas include windows, windscreens, glass doors, transparent walls, and many others. Rising population, increasing workforce, and higher income levels have attributed to the demand for new houses to accommodate the people.

Technological advancements and increasing demand for new products have forced industries to set up new plants, offices, R&D labs to cater the consumers. This has also fueled the growth of the construction sector which in turn is driving the architectural flat glass market across North America during the predicted timeframe. Rising development of infrastructural projects including both private (residential & non-residential) and public (state & local and federal) have attributed to a significant growth in the North America construction industry.

Rising demand for residential & commercial spaces for homes & offices should augment the market growth

The North America architectural laminated glass market surpassed USD 2.7 billion by the end of 2028 with a projected growth of over 8% CAGR from 2022 to 2028. The growing working population in North America owing to rising technological advancements in industries and immense growth of various service industries such as foodservice, retail, & food chain are boosting the demand for residential houses & commercial spaces. Increasing investments in business activities should lead to a surge in the workforce which has led to significant growth in construction of residential & non-residential complexes.

Strengthening of economy post pandemic and rise in consumer income levels should augment the market for refurbishment applications

The North America architectural flat glass market for refurbishment applications exceeded USD 3. billion and is expected to witness about 7.5% gains during the projected timeframe. The rise of economic activities post the pandemic era, increased disposable income levels, and growth in the demand for residential accommodations are factors driving the market. Additionally, restructuring of government and private organization setups post the impact of Covid-19 is also expected to fuel the refurbishment industry across the U.S. and Canada.

Browse key industry insights spread across 310 pages with 274 market data tables and 56 figures & charts from the report, “North America Architectural Flat Glass Market Size By Product (Laminated, Tempered, Basic Float, Insulating), 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]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2028in detail along with the table of contents:

Significant growth in the North American retail industry is likely to accelerate the architectural flat glass market from retail spaces

The North America architectural flat glass market from retail spaces is predicted to reach over USD 1.35 billion by 2028 indicating gains of over 7%.  Rising prevalence of branded outlets owing to increased customer demand for quality products & services should boost the retail industry.  The growing organized sector in the U.S. & Canada, strong expansion initiatives by top retail brands such as Walmart, rising purchasing power of consumers are likely to drive the architectural flat glass market with regards to retail spaces. Retail giants such as Walmart are investing heavily on infrastructure and technology to support the company’s business expansion plans in North America.

The growing e-commerce industry is anticipated to bolster the North American architectural flat glass market in warehouses

The North America architectural flat glass market for warehouse end use was estimated at over USD 260 million in 2021 with projected growth a CAGR above 6.5% by 2028. The growing e-commerce industry in North America has contributed to the increase in the construction of warehouses which should fuel the market. The rising consumer income levels and changing lifestyles have attributed to a significant growth in the e-commerce industry.  

Technological advancement in construction sector and growth of other industries (IT, retail, healthcare) are driving the market

The Canada architectural flat glass market should register over 8% CAGR during the predicted period. Rising technological developments, strategic investments in retail, healthcare, and IT consulting industries are major factors accelerating the market share. Increase in business activities, rising migration of people from other regions for job opportunities, and government investment on infrastructure have attributed to a rise in construction spending across Canada.

Authors: Kunal Ahuja, Sarita Bayas