Dublin, May 20, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/22bgw4/construction) has announced the addition of the "Construction Glass Market by Type (Low-E, Special), Application (Residential, Commercial, Others), Manufacturing Process (Float, Rolled/Sheet), Chemical Composition (Soda-Lime, Potash-Lime, Potash-Lead) & by Geography - Global Forecast to 2020" report to their offering.
The global market for construction glass is projected to grow at a CAGR of 7.08% from 2015, to reach $1,15,083.65 Million by 2020.
Construction glass includes flat glass. Flat glass is widely used for glass doors, glass windows, and transparent walls. Construction glass has high strength, excellent insulation, is chemical-resistant, soundproof, has a cost advantage, saves energy, and is fire-resistant. These properties make construction glass the most viable option for the construction industry.
The construction glass market has expanded owing to the developments in the building construction industry. The demand for construction glass products is growing at a significant pace and is projected to grow at an even higher rate in the near future. With the rising population and increased incomes of people, the building construction industry is booming, and consequently, so is the construction glass market. The market can be classified into three main categories based on application: residential, commercial, and others.
The market for construction glass is observed to be mature in developing economies, such as Europe and North America. The reason behind this is the rapid growth in the construction sector. The Asia-Pacific region formed the largest market for construction glass, in terms of volume, having accounted for 43.5 Million tons in 2014. Europe formed the second-largest market, with a share of 20%. The Asia-Pacific region is projected to be the fastest-growing market for construction glass from 2015 to 2020.
The market for construction glass is driven by the demand from the construction industry. The rising population has encouraged construction of new buildings. High disposable income has enabled end users to spend more on new constructions. Most importantly, the changing mindset of residential consumers has given a boost to the construction glass industry.
The global market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market.
Companies such as Asahi Glass (Japan), Guardian Industries (U.S.), PPG Industries (U.S.), and Saint-Gobain S.A. (France), are some of the prominent companies in the construction glass market, comprising 70% of the total market share.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Construction Glass Market, By Type
8 Construction Glass Market, By Manufacturing Process
9 Construction Glass Market, By Application
10 Construction Glass Market, By Chemical Composition
11 Construction Glass Market, By Region
12 Competitive Landscape
13 Company Profiles
- Asahi Glass
- Central Glass Co. Ltd.
- China Glass Holdings Limited
- Guardian Industries
- Nippon Sheet Glass (NSG)
- PPG Industries
- Saint-Gobain
- Schott AG
- Sisecam Group
- Xinyi Glass Holdings Limited
For more information visit http://www.researchandmarkets.com/research/22bgw4/construction