Market Research Report
North America Architectural Flat Glass Market Size, Share and Industry Analysis Report by Product, Application and End-use, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028
|North America Architectural Flat Glass Market Size, Share and Industry Analysis Report by Product, Application and End-use, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028|
Published: May 23, 2022
Global Market Insights Inc.
Content info: 310 Pages
Delivery time: 2-3 business days
The North America architectural flat glass market is poised to observe drastic growth by 2028 due to mounting penetration of solar panels in the region. In addition, growing acceptance of smart home technology is also likely to impel market growth over the forecast duration.
Notably, major layers in the market have been engaging in launching new products, enhancing production ability to create breakthrough innovation, and forming strategic partnerships and mergers to enhance their business standing. For instance, in June 2021, AGC Inc., a leading manufacturer of glass-related products, announced the transfer of its North American architectural glass business to Cardinal Glass Industries, a glass manufacturer. The acquisition was set to benefit both companies by increasing the business reach in their target regions.
The North America architectural flat glass market has been bifurcated based on end-use, product, application, and region.
In terms of product, the industry has been split into insulating, tempered, laminated, and basic float. The basic float segment is anticipated to grow at above 6.5% CAGR through the review period.
With regards to application, the industry has been segmented into interior construction, new construction, and refurbishment. The North America architectural flat glass industry share from the refurbishment segment is foreseen to exceed approximately $5 billion in revenue by the end of the study timeframe.
From the end-use perspective, the North America architectural flat glass market has been categorized into non-residential, residential, institutional, and industrial. The non-residential segment has been further divided into hospitality, offices, and retail spaces.
The North America architectural flat glass market size from the offices segment is speculated to expand at around 7.5% CAGR over the estimated period. Moreover, the hospitality segment is set to reach a valuation of more than $1.15 billion by 2028.
Furthermore, the institutional segment has been classified into entertainment facilities, healthcare facilities, transport facilities, educational facilities, and others. The transport facilities segment is expected to hold over $450 million valuation by the end of the review period.
Meanwhile, the entertainment facilities end-use segment is slated to expand at a CAGR of nearly 7.5% through the study timeframe. On the other hand, the North America architectural flat glass market size from the others segment is likely to progress at around 7.0% CAGR over the analysis timespan.
The industrial segment has been further sub-divided into warehouses, flex space buildings, and manufacturing facilities. The flex space buildings segment is primed to attain a valuation of approximately $150 million by the end of 2028.
In the regional framework, the U.S. architectural flat glass industry has been segregated into Northeast U.S., Midwest U.S., West U.S., and South U.S. The Northeast U.S. and Midwest U.S. architectural flat glass markets are foreseen to advance at about 6.5% CAGR through the forecast period. Furthermore, the South U.S. is set to observe significant growth at around 8% CAGR through the review timeline. The West U.S. region is speculated to grow at over 7.5% CAGR by 2028.