DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Construction Glass Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global construction glass market was valued at $81.9 billion in 2015, and it is expected to grow at a CAGR of 7.6% during 2016 - 2022.
The growth in the global construction market, technological advancement in glass industry and need for energy saving are the major factors driving the growth of global construction glass market. The increasing middle-class population with high disposable income, and demand for sustainable construction has boosted construction industry, which in turn is propelling the demand for construction glass.
The reason behind huge consumption of construction glass in commercial segment is due to its ability of offering numerous solutions, such as solar protection and temperature control, high resistance to electricity and chemicals, least affected by changing climatic conditions, and flexible in moulding.
Some of the barriers for the manufacturers is 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
- Demand For Green Buildings
- Value Added Glass Products
Factor Driving Growth Of The Market And Its Impact On Market Forecast
- Technological Advancement In Glass Industry
- Growth In Construction Industry
- Need For Energy Saving
- Impact Analysis Of Drivers On Market Forecast
Factors Hindering Growth Of The Market And Its Impact On Market Forecast
- Environmental And Government Regulations
- Uncertain Global Economic Conditions
- Impact Analysis Of Restraints On Market Forecast
Company Profiles And Strategic Developments
- Asahi Glass Co. Ltd.
- Guardian Industries Corporation
- Ppg Industries Inc.
- Schott Ag
- Central Glass Co. Ltd.
- J E Berkowitz Lp
- Nippon Sheet Glass Co. Ltd
- Sisecam Group
- Xinyi Glass Holdings Limited
For more information about this report visit http://www.researchandmarkets.com/research/qmm5hx/global