The Glass Façade Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Glass Façade Global Market Report 2024, The glass façade market size has grown steadily in recent years. It will grow from $167.25 billion in 2023 to $174.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to architectural aesthetics, urbanization and high-rise construction, energy efficiency regulations, natural light and view, economic growth.
The glass façade market size is expected to see steady growth in the next few years. It will grow to $210.52 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to urban heat island mitigation, net-zero energy buildings, building renovation and retrofit, climate-resilient designs, building information modeling (bim). Major trends in the forecast period include building-integrated photovoltaics (bipv), transparent solar technologies, smart façade systems, smart glass and sensors, digital fabrication and 3d printing.
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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The glass façade market covered in this report is segmented –
1) By Product: Tempered, Insulated, Laminated, Other Products
2) By Shape: Flat Tempered Glass, Bent Tempered Glass
3) By Application: Residential, Non-Residential
New technological advancements are gaining popularity in the glass facade market. These include technologies such as smart windows, which is an electrochromic glass that can, under a low-voltage current, change its tint and reflective properties depending on the external temperature. The innumerable sensors installed in the glass are sensitive to the sunlight falling on the exterior face and the occupancy of the room inside. The glass then employs combinatorial logic and decides what mode each pane of glass should be in, based on its position and direction. The possible modes are Glare Mode, Daylight Mode, Clear Mode, and Tinted Mode. For instance, sageglass from Saint-Gobain, a France-based company, provides smart glasses that save energy by lowering electricity consumption.
The glass façade market report table of contents includes:
1. Executive Summary
2. Glass Façade Market Characteristics
3. Glass Façade Market Trends And Strategies
4. Glass Façade Market - Macro Economic Scenario
5. Global Glass Façade Market Size and Growth
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31. Global Glass Façade Market Competitive Benchmarking
32. Global Glass Façade Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Glass Façade Market
34. Glass Façade Market Future Outlook and Potential Analysis
35. Appendix
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