North American architectural flat glass market size
Selbyville, November 30, 2021 (GLOBE NEWSWIRE) - According to the latest research report of Global Market Insights Inc., the North American architectural flat custom tempered glass market is estimated to be USD 7.5 billion in 2020 and is expected to exceed USD valuation by 2027 It will reach 12.5 billion, with a compound annual growth rate of 7.5% from 2021 to 2027. The report provides a detailed assessment of top winning strategies, market size and estimates, competitive scenarios, driving factors and opportunities, volatile market trends, and major investment areas.
In terms of products, the toughened custom tempered glass market is worth US$2 billion in 2020 and is expected to maintain steady growth from 2021 to 2027. Increasing investment in residential and commercial construction activities, coupled with widespread safety issues, will boost product prospects. In addition, the lower production costs and environmental benefits associated with the use of tempered glass facilitate its adoption in various applications, which is expected to support segmented demand within the research time frame.
In terms of application, by 2027, the market share of North American architectural flat custom tempered glass renovation is expected to exceed US$4.5 billion. Government support for various construction activities, coupled with increasing private sector investment, is expected to drive market segment growth in the next few years. It is expected that emerging trends in modern decoration and significant changes in traditional materials such as brick and wood will drive the adoption of products throughout the review period.
According to end use, by 2027, the market size of architectural flat custom tempered glass in the North American industrial sector is expected to exceed US$920 million. Rapid urbanization and the surge in demand for high-performance building materials in industrial buildings may promote the development of market segments. Outlook for the next few years. In addition, reflective flat glass is also used in industrial applications, where light transmittance is a key design aspect. In addition, flat glass solar panels and insulating flat products also support industrial energy conservation, which may promote product absorption in the industrial sector during the analysis period.
After the COVID-19 outbreak, the government's lockdown restrictions to curb the spread of the new coronavirus basically prompted all industries to cease operations, including the construction industry. This adversely affected the growth of the North American architectural flat glass industry during the pandemic. However, the widespread global vaccination efforts and the government's increasing emphasis on accelerating economic recovery are helping the North American construction industry regain its pre-COVID momentum, which has promoted the popularity of products in recent years.
Global Market Insights Inc., headquartered in Delaware, is a global market research and consulting service provider. Global custom tempered glass Market Insights, Inc. provides joint and customized research reports, growth consulting and business intelligence services to help clients obtain in-depth insights and actionable market data that help strategic decision-making.