San Francisco, 24 April 2028: The Report Glass Facade Market Size, Share & Trends Analysis Report By Product (Insulated, Tempered, Laminated), By Application (Residential, Non-Residential), By Region, And Segment Forecasts, 2021 - 2028

The global glass facade market size is expected to reach USD 92.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.9% from 2021 to 2028. The market growth is attributable to the rising penetration of glass as a construction material owing to benefits such as aesthetics, cost-effectiveness, and energy efficiency.

The principal front of a building facing a street or open space is known as facade. Different types of glass such as tempered, laminated, and insulated are used in the exterior facade of both residential and non-residential buildings. Increasing investments in construction activities are expected to boost market growth over the forecast period.

Based on product, the market is segmented into tempered, insulated, laminated, and others. Insulated is anticipated to dominate the global market across the forecast period. IGUs are extensively preferred in green buildings as it minimizes ecological footprint and is made from multiple glass panes, which reduces the heat transfer.

Increasing environmental concerns have resulted in the rising number of green building projects, which is anticipated to boost product demand over the forecast period. For instance, in 2021, Nestle’s headquarter buildings decided to incorporate smart glass from Sage Glass company to give its structures an energy upgrade. The new glazing offers a beautiful outdoor view to employees, plenty of natural light, and regulates the influx of heat from the sun.

In terms of application, the residential segment is anticipated to register a higher growth rate over the forecast period. The benefits of glass as a facade material and increasing investments in housing construction are anticipated to augment the segment growth. For instance, in India, as per the 2021 - 22 budget allocation, total expenditure in the Ministry of Housing and Urban Affairs is estimated at INR 54,581 crore (~USD 7,366.7 million), which is 14% higher than the previous FY.

Region-wise, Asia Pacific is anticipated to register a CAGR of 4.5%, in terms of revenue, across the forecast period. The increasing infrastructural developments and manufacturing growth are factors propelling the demand for glass facades in Asia Pacific. Large investment projects in developing regions like Southeast Asia are further anticipated to boost the market growth. Furthermore, the market is dominated by key manufacturers with high competition for market share acquisition. The market players are keen on overcoming their losses made in 2020 owing to the COVID-19 pandemic. The year 2021 brought a slight relief from the pandemic impact, as the players are now reporting positive sales.

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Growing investments in green building construction projects are anticipated to propel product usage over the forecast period. The adoption of glass is rising as a preferred construction material. Factors such as plenty of natural daylight, good ambiance, and energy efficiency are propelling the use of glass in Facade architecture. Other advantages include the strength to withstand harsh weather elements, flexibility in terms of transparency or translucency, aesthetic benefits, and cost-effectiveness.

The U.S. was a major market for glass Facade in 2020. The increasing popularity of the green building concept, growing awareness regarding environmental protection, and supporting government policies related to sustainable energy usage are expected to augment the use of glass facades in the country.

Furthermore, the growing demand for high-rise buildings owing to rapid urbanization is anticipated to positively influence market growth. The application of glass as a material in Facade is becoming popular owing to its lightweight, which reduces the dead load of the buildings. Most of the tallest buildings in the world have glass facades, for example, Jeddah Tower in Dubai, Merdeka 118 in Malaysia, and DeKALB in Brooklyn.

Glass in the exteriors brings out the aesthetic appeal of commercial buildings, thus, positively impacting the brand value. Growing commercial construction activities owing to the increasing demand for office space and corporate hubs are positively impacting market growth. For instance, in July 2021, My Home Constructions, an Indian real-estate builder, announced to invest USD 2 billion to construct a hub of IT companies.

Despite its advantages, glass is not suitable for use in places with hot climates as it traps heat and acts as a greenhouse. Buildings with glass Facade have high temperatures inside, resulting in increased usage of air-conditioners and fans. Higher usage of air-conditioners lead to an increase in electricity cost and also impact carbon footprint. Glass Facade is suitable for places with a temperate climate and not apt for cities with hot climates.