Major players in the glass facade market are 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.
The global glass facade market 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 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 market is expected to reach $211.32 billion in 2026 at a CAGR of 6.38%.
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.
The main product types of glass facade are tempered, insulated, laminated, and others.Tempered glass facades, also referred to as toughened glass, usually break into small blunt pieces instead of big shards, which makes them less likely to cause injury.
These glass facades are used in residential and non-residential applications.
Asia-Pacific was the largest region in the glass facade market in 2021 and is also expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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.
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.
In December 2021, Soltech Energy Sweden AB, a Sweden-based provider of solar energy solutions, acquired ESSA Glas & Aluminum AB for an undisclosed amount.This acquisition will help to integrate solar energy into the product range, increase both sales and earnings, and strengthen Soltech’s facade segment.
ESSA Glas & Aluminum AB is a Sweden-based company that performs all types of exterior and interior glass solutions, with an emphasis on facade construction of commercial properties.
The countries covered in the Glass Facade market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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