The global glass facade market size is expected to grow from $155.16 billion in 2021 to $165.01 billion in 2022 at a compound annual growth rate (CAGR) of 6.35%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global glass facade market size is expected to reach $211.32 billion in 2026 at a CAGR of 6.38%.
What is the Global Glass Façade Market?
The glass facade market consists of sales of glass facades by entities (organizations, sole traders, and partnerships) that are used for balustrades, railings, and barriers in a building, bringing natural light into open spaces. A facade is defined as the principal front of a building facing a street or open space and is generally strong enough to withstand some of the harshest weather elements. The glass facade is an excellent way to get natural light into the structure while also allowing the occupants to enjoy the view.
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What drives the Global Glass Façade Market?
Increasing investments in construction activities are a major factor contributing to the growth of the market. The increasing penetration of glass-based architecture in residential and non-residential applications helps in bringing daylight for a longer period, saving on the cost of external lighting. For instance, in India, the total expenditure on the Ministry of Housing and Urban Affairs for 2021-22 is estimated at Rs 54,581 crore ($718.03 million). This is an annual increase of 14% over the actual expenditure for 2019–20. So, the increasing investments in construction, which fuel the demand for glass facades, are driving the glass facade market.
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Global Glass Façade Market Segments
The global glass façade market is segmented:
By Product: Tempered, Insulated, Laminated, Others
By Application: Residential, Non-Residential
By Geography: The regions covered in the glass façade market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Glass Façade Global Market Report 2022provides market size and growth forecasts for the global glass façade market, global glass façade market share, glass façade market segments and geographies, glass façade market competitive landscape including leading competitors’ revenues, profiles and market shares. The glass façade market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Glass Façade Industry Playersinclude Saint-Gobain, AGC Inc., GUARDIAN INDUSTRIES, Nippon Sheet Glass Co. Ltd., Sisecam Group, Kawneer Company Inc., YKK AP Inc., Rockwool International A/S, EOS Framing Limited, Harmon Inc., Xinyi Glass Holdings Limited, Schüco International KG, and Asahi India Glass Limited. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
