Architectural Flat Glass Market Size Projected To Reach USD 5.14 Billion By 2030Posted by Neha Bora on June 4th, 2024 San Francisco, 4 June 2024: The Report Architectural Flat Glass Market Size, Share & Trends Analysis Report By Product (Tempered, Laminated, Insulated), By Application (Residential leading industry Players., Non-residential, Industrial), By Region, And Segment Forecasts, 2024 - 2030 The global architectural flat glass market size is anticipated to reach USD 285.31 billion by 2030 and is projected to grow at a CAGR of 3.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for architectural flat glass in the residential building is driving market growth. Architectural flat glass is a popular material in residential buildings, used for windows, doors, railings, patio covers, sunrooms, and partitions. It is valued for its eco-friendliness, durability, and aesthetic appeal, and allows natural light to illuminate interior spaces, enhancing the overall appearance of buildings. The growing investment in building construction and renovation is expected to drive demand for this product in the forecast period. In 2023, the insulated glass segment held the largest revenue share. Insulated glass is known for its ability to enhance energy efficiency in buildings by minimizing heat transfer, resulting in reduced electricity consumption for heating or cooling purposes. As a result, there is an expected rise in product demand due to building codes and regulations that prioritize energy efficiency. North America contributed to a revenue share of over 16% over the forecast period. The demand for this product is mainly driven by new residential construction, repair, and remodeling activities, as well as commercial and industrial construction activities in the U.S., Canada, and Mexico.For instance, in 2023, construction spending in the U.S. was around USD 1,978.7 billion, which is 7.0% higher than the previous year. The global market is highly competitive. Companies in the industry are pursuing capacity, expansion, mergers, and acquisitions to grow their businesses. For instance, in September 2023, Press Glass announced a USD 155.2 million investment to expand its glass manufacturing site located in Ridgeway, Virginia. Access Research Report of Architectural Flat Glass Market @ https://www.grandviewresearch.com/industry-analysis/architectural-flat-glass-market-report Architectural Flat Glass Market Report Highlights
Architectural Flat Glass Market Report Scope
List of Key Players in the Architectural Flat Glass Market
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