Glass Alternative Materials Market Size

Glass Alternative Materials Market size was valued at USD 9.98 Billion in 2023 and is projected to exceed USD 20.76 Billion by the end of 2036, registering over 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of glass alternative materials is evaluated at USD 10.5 Billion. The primary growth factor for the glass alternative materials market is the rising construction industry across the world. According to a recent report, the construction industry in the United States generated approximately USD 2 trillion in revenue in 2019.

The burgeoning population has increased the demand for real estate properties worldwide. There has been a rise in the construction of commercial and residential materials, which brings the need for glass alternative materials for varied purposes. Thus, the high involvement of the population in the construction sector is expected to fuel the utilization of glass alternative materials in the construction industry in the forecast period. As of 2021, there were almost 10 million construction workers in the United States, approximately 8% of the total working population.