Market Analysis of v glasses in Building Glass Industry and Conjecture of Brand Development

March 7,2022
Updated 01:46 pm

Market Analysis of v glasses in Building Glass Industry and Conjecture of Brand Development

It has always been difficult to count the Chinese architectural glass market except for flat glass. It is especially difficult to count the production and sales of deep-processed glass, such as v glasses, tempered glass, insulating glass, coated glass, laminated glass, and colored glazed glass.

The market size of China\'s architectural glass market total capacity estimation

In 2003, China’s newly built building area was 1.8 billion m2, and it is estimated that the use area of window glass is about 360 million m2. Calculating statistics based on the output of flat glass: The area of the original glass used for construction in 2003 was about 520 million m2, including the use of old house renovation, and considering that the v glasses and other composite glass products must be doubled, It can also be roughly concluded that the total capacity is about 360 million m2.

Domestic high-end v glasses consumption statistics in recent years

In the past five years, the average annual growth rate of the usage of v glasses is greater than 40%, and the average annual growth rate of the usage of coated glass (including Low-E glass) is greater than 13%, that is, the growth rate of v glasses is much greater than that of coated glass. It is speculated that the use of transparent insulating glass or colored insulating glass is increasing rapidly.

Distribution of glass consumption of each grade

According to the total market capacity and the usage of high-grade glass, the distribution of the usage of different grades of glass is obtained after analysis.

The analysis results show that the use of v glasses only accounts for 12% of the total use of architectural glass, and most buildings still use a large number of low-grade glass with extremely poor energy-saving properties.

Market demand for v glasses in 2007

Due to the restrictions of the national standard "Energy-saving Design Standards for Public Buildings" promulgated on July 1, 2005, public building projects will restrict the use of this glass except for remote areas and areas that are difficult to monitor. At that time, the new v glasses (including Low-E glass) will consume about 6 million m2, which will be mainly used in public construction projects, and part of it will be used in civil residential buildings. This amount will be the output of 4 to 5 large-scale coated glass production lines.

The development trend of my country\'s architectural glass v glasses market

The user\'s demand for comfort and the cognition of energy-saving v glasses; the support of national energy-saving policies, standards, and regulations; the purchasing power support provided by the development level of the national economy; the price of high-end v glasses have been reduced to the level that the market can generally accept.

The v glasses user demand trends

Due to the improvement of living standards, users\' requirements for buildings have also increased. Their requirements and expectations can be summarized as follows: Good energy saving-the glass used can save heating and air-conditioning expenses; strong comfort-the glass used Good sound insulation performance, sufficient indoor lighting, solar radiant heat in summer, and adequate heat preservation performance in winter; reliable quality-regular appearance, stable performance, and safety; reasonable price-reasonable price and affordable. Comfort is more important to the wealthy, but low prices are still extremely important to the general public.

National energy-saving policies related to v glasses

The state’s goal of building energy efficiency is that by 2010, one-third of the country’s new buildings will reach the goal of 50% energy saving; by 2020, all of the country’s new buildings will reach the goal of 65% energy saving. Calculated according to the 2010 target, in the next 5 years, there will be about 3 billion m2 of new energy-saving building area, involving about 600 million m2 of energy-saving glass, and an average of about 120 million m2 of new energy-saving glass each year. Insulating glass and Low-E glass will increase. The rate will be pulled up. The trend of future use of insulating glass that has been pushed up due to policy factors.

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The valuation of the global v glasses architectural glass market is expected to surge to US$3.3 billion in 2022

China Glass News reported that the global v glasses architectural glass market is experiencing a significant growth trend. Most companies focus on new product strategies, followed by product development and the energy efficiency of v glasses architectural glass technology. Due to the rising demand for v glasses architectural glass in commercial buildings, industrial sectors, and residential buildings, overall market competition may intensify.

In the past few years, the global v glasses architectural glass market has been a collaboration between glass manufacturers and construction companies. It is expected that the v glasses architectural glass market will continue to establish alliances with a number of construction companies to expand their revenue.

It is expected that from 2017 to 2022, the global v glasses architectural glass market will boost demand as its investment in product R&D activities increases and the demand for new technologies introduction increases.

The global v glasses architectural glass market is estimated to thrive at a strong compound annual growth rate of 13.1% during the forecast period. The global v glasses architectural glass market was valued at US$1.78 billion in 2017 and is expected to surge to US$3.3 billion by 2022.

By region, the global v glasses architectural glass market is divided into North America, Asia Pacific, Europe, Middle East, and Africa. Among them, Europe is expected to drive the demand for the v glasses architectural glass market from 2017 to 2022. It is expected that during the forecast period, its compound annual growth rate will reach 14.8%. This increase is the result of supporting the adoption of environmentally friendly building solutions and sustainable energy production guidelines.

During this period, North America and the Asia-Pacific region (excluding Japan) are also expected to provide fruitful growth opportunities for existing major companies. This increase is mainly due to the increasing awareness of renewable energy and its advantages, as well as the strong momentum of industrialization. These factors may have a positive impact on the global v glasses architectural glass market.

The global v glasses architectural glass market demand is mainly due to the increasing awareness of carbon emissions reduction. The population in all regions is turning to renewable and traditional energy sources for low-cost power generation. This in turn has a positive impact on the v glasses architectural glass market.

The rapid adoption of v glasses technology is expected to drive a surge in demand for v glasses architectural glass in various regions (especially North America). As far as the field is concerned, the market growth potential of the construction field is huge, and it occupies most of the global photovoltaic architectural glass market.

The v glasses architectural glass is used in construction, such as education, residential, hospital, retail, and enterprises, which will drive the demand for the v glasses architectural glass market. Due to the increase in R&D investment, the construction sector is also expected to grow.

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