In terms of revenue, the Global Curved Glass Panel Market is expected to reach USD 89.7 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.1% from 2022 to 2028.
Key Highlights from Report:
- The Single-Glazed sub-segment held a significant share in 2021. This is attributable to the increasing use in commercial projects to create a floor-to-ceiling divide between meeting rooms in the office or to provide safety on a building's rooftop extension using glass balustrades.
- The Architectural sub-segment is projected to grow at a considerable Compound Annual Growth Rate (CAGR) during the forecast period. This surge is attributable to its increasing application due to its nature as an extremely durable, safe, and easy-to-maintain component. In addition, it offers an exciting range of uses in buildings.
- Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. The Middle East and Africa are expected to be among the fastest-growing regions of the market. North America faced obstacles in its construction activities, especially in the first half of 2020. Nevertheless, the market in the U.S. glimpsed moderate recovery in the second half of 2020 on account of acceleration in residential construction activities.
Curved glass has been around for a long time. Modern architecture, which incorporates more glass and organic forms, constantly pushes the boundaries of what is possible. In the last several years, new technology advancements in glass have taken curved glass manufacture to new levels of complexity and performance, while design continues to push into new territory. However, when it comes to curved glass, keeping up with the most recent aesthetics, structural, safety, and performance criteria has proven to be quite difficult. The new architecture movement, on the other hand, continues to demand glass in all forms and shapes, resulting in a surge in architectural curved glass buildings. Also, the development of computer applications enabled the easier generation of geometrically complex forms, and regress focus on research and development in Curved Glass Panel market has led to new opportunities.
North America held the largest shares in 2021. Infrastructural developments in developing economies of the region are expected to augment market growth over the forecast period. Southeast Asia is also among the emerging regional markets, and countries including China and Japan have started investing in this region.