Report : Asia Pacific Architectural Glass Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Tempered Glass, Annealed Glass, Laminated Glass, and Others), Application (Hurricane Impact, Ballustrades/Glass Railings, Overhead and Canopies, Security/Bullet Resistant Glass, Acoustics, Decorative/Colored Glass, Structural Facades, and Others)
At 6.0% CAGR, the Asia Pacific Architectural Glass Market is speculated to be worth US$ 35,039.27 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific architectural glass market was valued at US$ 24,695.32 million in 2022 and is expected to reach US$ 35,039.27 million by 2028, registering a CAGR of 6.0% from 2022 to 2028. Increase in construction and infrastructural redevelopment activities and adoption of growth strategies by manufacturers are the critical factors attributed to the Asia Pacific architectural glass market expansion.
Architectural glass is one of the major components of various infrastructure and building construction projects. Glass can transmit daylight and is not affected by the weather. In addition, changes in the environment do not change the color of the glass, making it appear aesthetically pleasant for a more extended period. Due to these factors, glass is majorly used for construction redevelopment activities. The scale of the construction market across the world is constantly expanding, which aids to the Asia Pacific architectural glass market. Moreover, the growing investment in modernized infrastructure is propelling the market growth as glass gives a modern finish to construction. Additionally, increasing population and rising construction spending are major factors for the growth of construction and infrastructure redevelopment activities. Governments in different countries are also giving a massive push to the construction and infrastructure sector. Such government initiatives to enhance the construction and infrastructure sector are fueling the demand for architectural glass, which is further expected to drive the Asia Pacific architectural glass market.
On the contrary, pollution caused during glass manufacturing hurdles the growth of Asia Pacific architectural glass market.
Based on type, the Asia Pacific architectural glass market is segmented into tempered glass, annealed glass, laminated glass, and others. The laminated glass segment held 45.1% share of Asia Pacific Architectural Glass Market in 2022, amassing US$ 11,142.06 million. It is projected to garner US$ 16,269.97 million by 2028 to expand at 6.5% CAGR during 2022–2028.
Based on application, the Asia Pacific architectural glass market is segmented into hurricane impact, ballustrades/glass railings, overhead and canopies, security/bullet resistant glass, acoustics, decorative/colored glass, structural facades, and others. The structural facades segment held 38.5% share of Asia Pacific Architectural Glass Market in 2022, amassing US$ 9,496.05 million. It is projected to garner US$ 13,704.59 million by 2028 to expand at 6.3% CAGR during 2022–2028.
Based on country, the Asia Pacific architectural glass market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 37.7% share of Asia Pacific architectural glass market in 2022. It was assessed at US$ 9,300.86 million in 2022 and is likely to hit US$ 13,606.89 million by 2028, exhibiting a CAGR of 6.5% during the forecast period.
Key players profiles in the Asia Pacific architectural glass market report are AGC Inc; Asahi India Glass Ltd; Compagnie de Saint-Gobain SA; Guardian Industries Holdings LLC; Jinjing (Group) Co Ltd, Nippon Sheet Glass Co Ltd; Qingdao Morn Building Materials Co Ltd; Schott AG; Turkiye Sise ve Cam Fabrikalari AS; and Vitro SAB de CV, among others.
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