Global Glass Blocks Market 2018-2022
About Glass Blocks
Glass blocks, also called as glass bricks, are solid or hollow translucent architectural elements made from glass. They are manufactured in varied dimensions; and their appearance varies in size, style, opacity, and color. They are majorly composed of silica, sodium, and lime. They are used in different construction structures — commercial, industrial, or residential.
Technavio’s analysts forecast the global glass blocks market to grow at a CAGR of 7.49% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global glass blocks market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Glass Blocks Market 2018-2022
Technavio recognizes the following companies as the key players in the global glass blocks market: Bormioli Rocco, Corning, Mulia Industrindo, Nippon Electric Glass, SCHOTT, and Seves.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is glass blocks to generate electricity from solar heat. Electricity production is an important issue across the globe. For instance, the total indigenous production of electricity for IEA was 10,116 TWh for the Y2016. International Energy Agency (IEA), is a Paris-based autonomous intergovernmental organization established under the framework of Organization of Economic Co-operation and Development (OECD). IEA consists of 29-member countries.”
According to the report, one driver in the market is usage of glass blocks in windows. The glass blocks have been using in windows since the 19th century. Earlier it was used only in the factories, which later was adopted by the commercial and residential buildings. The foremost advantages of glass blocks are light and privacy. This makes them useful in residential, commercial, and industrial end-user segments.
Further, the report states that one challenge in the market is cost of raw materials. Glass blocks have been popular in terms of reducing the energy cost, but its manufacturing process involves consumption of energy. Natural gas and few oil products are predominantly used in manufacturing glass. The maximum energy is used in the furnaces.
Bormioli Rocco, Corning, Mulia Industrindo, Nippon Electric Glass, SCHOTT, and Seves.
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