The growth in both commercial and residential construction sectors, coupled with evolving architectural trends and design preferences, is driving significant demand for interior glass solutions. Interior glass elements such as floor-to-ceiling windows, glass staircases, and glass balustrades, play a crucial role in realizing these architectural visions, creating homes that feel expansive, inviting, and connected to nature.
WILMINGTON, Del., Aug. 23, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Interior Glass Market by Product Type (Movable Partition Glass, Sliding Doors Glass, Demountable Glass, Acoustical Glass, and Others) and Application (Commercial Buildings, Institutional Buildings, Industrial Buildings, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the interior glass market was valued at $0.8 billion in 2023, and is estimated to reach $1.3 billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
Prime determinants of growth
The global interior glass market is experiencing growth due to several factors such as surge in commercial and residential construction and architectural trends and design preferences. However, installation challenges and labor costs hinder market growth to some extent. Moreover, sustainable interior design solutions present additional opportunities for interior glass market. As environmental concerns become more prominent, both consumers and businesses are seeking eco-friendly solutions for their spaces. Interior glass offers a sustainable alternative to traditional building materials such as wood and metal due to its energy-efficient properties and recyclability. Moreover, interior glass offers versatility in design, allowing for the creation of visually stunning and functional spaces that align with sustainable principles.
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Report coverage & details:
Report Coverage
| Details
|
Forecast Period
| 2024-2030
|
Base Year
| 2023
|
Market Size in 2023
| $0.8 billion
|
Market Size in 2033
| $1.3 billion
|
CAGR
| 7.1 %
|
No. of Pages in Report
| 320
|
Segments Covered
| Product Type, Application, and Region.
|
Regional Scope
| North America, Europe, Asia Pacific, LAMEA
|
Country Scope
| U.S., Canada; Mexico; Germany; UK; France; Italy; Spain; China; Japan; India; South Korea; Australia; Brazil; Saudi Arabia; South Africa
|
Drivers
| Growth in commercial and residential construction Architectural trends and design preferences
|
Opportunity
| Sustainable interior design solutions
|
Restraint
| Installation challenges and labor costs
|
Movable partition glass segment maintains its dominance by 2033
By product type, the movable partition glass segment held the highest market share in 2023 and is estimated to maintain its leadership status throughout the forecast period. The trend towards open-plan layouts in both commercial and residential settings has heightened the demand for movable partition glass. Open layouts offer benefits such as improved communication, collaboration, and natural light penetration. Movable partition glass provides a flexible solution for dividing large spaces into smaller, more intimate areas without sacrificing the benefits of an open floor plan. These partitions are easily maneuvered to create temporary enclosures for meetings, presentations, or private discussions, enhancing the functionality and usability of the space.
Commercial buildings segment is expected to lead the trail by 2033
Based on the application, commercial buildings segment held the highest market share in 2023 and is estimated to dominate during the forecast period. Sustainability has become a significant concern in commercial construction, with businesses seeking eco-friendly solutions to reduce their carbon footprint and operating costs. Interior glass contributes to green building initiatives by maximizing daylighting, which reduces the need for artificial lighting and decreases energy consumption. In addition, glass is recycled and reused that makes it a more sustainable alternative to traditional building materials such as concrete or wood.
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Asia-Pacific is expected to grow faster throughout the forecast period
Based on region, Asia-Pacific was the fastest growing region in terms of revenue in 2023. rapid urbanization and population growth across Asia-Pacific have spurred a surge in construction activities, particularly in urban centers where space is limited, and vertical expansion is the norm. As a result, there's a growing need for innovative building materials and design solutions that maximize space efficiency while maintaining aesthetic appeal. Interior glass, with its ability to create open, light-filled environments, is increasingly favored by architects and developers seeking to optimize interior layouts and enhance the overall user experience in residential, commercial, and institutional buildings. Furthermore, the rise of smart building technologies and digitalization in the construction industry is reshaping the way interior glass is utilized and integrated into building designs. All these factors are anticipated to offer new growth opportunities for the global interior glass market in Asia-Pacific.
Leading Market Players: -
- AGC Inc.
- Saint-Gobain
- Nippon Sheet Glass Co., Ltd.
- PPG Industries
- Asahi Glass Co., Ltd.
- Viracon
- Guardian Industries
- Nana Wall Systems, Inc.
- Lizzanno
- CARVART
Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/interior-glass-market/purchase-options
The report provides a detailed analysis of these key players in the global interior glass market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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