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Insulated Glass Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

 

Global Insulated Glass Market Introduction

·         Glass is an ideal material for packaging of products, as it reduces the risk of contamination and protects products from damage. Glass insulation improves thermal performance by providing a thermal break between the glasses. Glass insulation units keep heat in during cold weather and keep heat out during the hot weather.

·         In glass insulation, two or more glass window planes are separated by a vacuum or gas-filled space to reduce heat transfer across building envelopes. Glass insulation helps in reducing energy losses and carbon emissions, which is currently a priority in the building & construction sector.

·         Depending upon the number of panes of glass used in construction, insulated glass can be segmented into various products such as double glazing, triple glazing, and quadruple glazing. The double glazing segment is expected to expand at a significant pace during the forecast period. Double glazed insulated glass provides several benefits such as superior insulation, UV protection, reduced outside noise, and enhanced security and acoustics.

 

Global Insulated Glass Market Drivers

 

·         Rise in demand for cost-effective solutions to lower carbon dioxide (CO2) emissions in buildings is expected to augment the insulated glass market during the forecast period. The number of legislations and regulatory guidelines are increasing every year across the globe for more efficient forms of energy conservation. This is boosting the demand for cost effective solutions such as insulated glass during the forecast period.

·         Rapid expansion in the building & construction sector in emerging countries and energy saving characteristics of insulated glass are driving the global insulated glass market. Insulated glass is designed to reduce heat loss in a building, while reducing visible light transmittance. It improves thermal performance and reduces energy costs. Insulated glass can be fabricated to meet sound control requirements, seismic requirements, bullet resistance, hurricane and blast resistance requirements, impact resistance, and state energy codes.

·         Growth in investments in research & development activities by major market players to develop sustainable and advanced glass insulation materials; and rise in demand for green buildings are estimated to propel the insulated glass market during the forecast period. Increase in number of legislations across the globe for more efficient forms of energy conservation is prompting manufacturers to develop new and sustainable methods and products of glass insulation.

 

Global Insulated Glass Market Restraints

 

·         High cost of raw materials is anticipated to hamper the global insulated glass market. Raw materials used in glass insulation are desiccants, spacers, silicone foams, glazing sealants, inert gases, soda ash, glass, and various adsorbents. The prices of these raw materials are high. This increases the overall cost of insulated glass. This is estimated to restrain the global insulated glass market in the near future. Companies are investing significantly in the development of alternative low-cost raw materials to address this issue.

·         Dearth of universal directives pertaining to applications of insulated glass, and lack of awareness and low adoption of this type of glass in many underdeveloped countries are also likely to hamper the market in the near future. Every country has different directives and legislations pertaining to use of insulated glass, as climate and energy savings and building code conditions differ from one country to another. Companies find it difficult to meet these country-wise directives and legislations.

 

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Covid-19 Impact on Insulated Glass Market

 

·         The COVID-19 pandemic has had a severe impact on end-use industries of insulated glass. The insulated glass market has been facing supply-demand shortages due to the industrial shutdown triggered by the COVID-19 outbreak.

·         China, the epicenter of the COVID-19 outbreak, is a major link in the supply chain of raw materials of insulated glass. The main constituent of glass is soda ash. It is primarily found in China.

·         The COVID-19 pandemic is likely to compel players in Europe and North America to consider alternative sourcing options. This is estimated to have important tax, transfer-pricing, and customs implications.

 

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Asia Pacific to Hold Major Share of Global Insulated Glass Market

 

·         In terms of region, the global insulated glass market can be split into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. Asia Pacific dominated the global insulated glass market in 2019. Rapid expansion in residential and non- residential construction activities in China, India, Japan, and ASEAN; growth in industrialization and urbanization; supportive regulatory and economic policies; availability of skilled labor at low cost; and increase in presence of major market players are driving the insulated glass market in the region.

·         North America is projected to account for key share of the global insulated glass market during the forecast period owing to rise in recreational and renovation activities of old buildings in the U.S. and Canada. The U.S. dominated the market in the region in 2019.

·         Stringent regulations about climate change and cold climatic conditions in Europe are expected to boost the market in the region in the near future

 

Key Players in Insulated Glass Market:

 

·         SAINT-GOBAIN

·         Viracon  

·         GUARDIAN GLASS LLC.

·         Nippon Sheet Glass Co., Ltd.

·         Vitro Architectural Glass

·         Strathclyde Insulating Glass Ltd

·         ECO Insulating Glass Inc.

·         JE Berkowitz

·         Ittihad Insulating Glass Company

·         BYSTRONIC GLASS

·         Cardinal Glass Industries, Inc.

·         NSG (Pilkington)

·         Tower Insulating Glass Inc

·         Strathclyde Insulating Glass

·         JE Berkowitz

·         United Plate Glass Company

·         Fuso Glass

·         Ann Arbor Glass

 

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