Advanced Glass Market Share

North American Market Forecast

Since advanced glass is widely utilized in the North America, it is predicted that the region will have the biggest market share of 45% by the end of 2037. Since the region's expanding building sector and increasing consumption of solar energy are dynamically accelerating the utilization of solar panels which is further anticipated to fuel the market in the region over the forecast period. For instance, more than 20 million solar panels were deployed in the USA in 2022, and around 1.5 million American houses used solar energy. Whereas, it was anticipated that the construction sector, would expand at a rate of more than 8% in the United States. A total of 1,337,800 dwelling units were constructed in the US in 2021 and had a growth of 4% from 2020. Moreover, the development of energy-efficient construction works, strong R&D spending, greater consumer awareness, and technological improvements all contribute to the further propulsion of the advanced glass market in the region.