The global insulated glass market is projected to be valued at US$ 13.4 Billion in 2022. Future Market Insights (FMI), in its upcoming report mentions that it is set to reach US$ 22.8 Billion in 2032 and exhibit rapid growth at a CAGR of 7.5% in the forecast period from 2022 to 2032. The ever-increasing demand for energy-efficient buildings to reduce the carbon footprint is likely to bolster the sales of insulated glass in future years.
| Report Attribute | Details |
|---|---|
| Insulated Glass Market Estimated Base Year Value (2021) | US$ 12.1 Billion |
| Insulated Glass Market Expected Market Value (2022) | US$ 13.4 Billion |
| Insulated Glass Market Anticipated Forecast Value (2032) | US$ 22.8 Billion |
| Insulated Glass Market Projected Growth Rate (2022 to 2032) | 7.5% CAGR |
Insulated glass, also known as Insulated Glass Unit (IGU), is not an individual glass, but contain two panes of glass separated by an inert gas. Most of its parts are dependent on another for better performance.
Insulated glass panes are considered to be a part of a sealed system that cannot be replaced individually, unlike single-pane glass. These are commonly called double-pane glass windows and double glazing.
The inert gas used between each pane differs with each manufacturer. These panes help in lowering the energy bill by keeping the ambient indoor air temperature insulated from the outside.
The increasing demand for insulated glass in the residential construction sector owing to stringent government norms revolving around the development of energy-efficient buildings in emerging economies is anticipated to augur well for the market.
Besides, the ability of these glass panes to lower cooling and heating loads on the air conditioning system is estimated to drive the growth in this market. Increasing concerns regarding environmental pollution are expected to compel manufacturers to promote the usage of energy-efficient materials, which would aid growth in this market.
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The increasing demand for high performance insulation products and rapid urbanization across the globe are creating pressure on manufacturers to meet the surging unmet demand. These are further set to accelerate new developments in the insulated glass industry.
In addition to that, governments of both developed and developing countries are projected to take various initiatives to save energy. The ongoing development of state-of-the-art products, such as insulation composites, coatings, and foams is likely to expand the insulated glass market size in the upcoming years.
Insulated glass involves high initial cost spending. But, over a certain period of time, it becomes affordable as it helps in lowering electricity costs drastically. Insulated glass units have to be carefully sealed with a silicon sealant for preventing leakage of air that is usually present between the glass panes.
Leakages can lead to damage and condensation of the unit. If damage occurs, the entire window will have to be replaced. These aforementioned factors are expected to hinder the insulated glass market growth.
Principal Consultant
North America is estimated to generate the largest insulated glass market share in future years. This growth is attributable to the increasing demand for non-residential buildings across Canada and the U.S.
Besides, rising government efforts to tackle challenges associated with surging carbon emissions from buildings is anticipated to augur well for the regional market. The growing number of office spaces and the increasing cases of hurricanes across North America are also set to drive the market.
Asia Pacific is likely to remain in the second position, followed by North America. Various upcoming construction projects in Indonesia, China, Japan, Thailand, India, and Vietnam are projected to boost the demand for insulated glass in Asia Pacific.
Moreover, changing climatic conditions in this region is likely to push the need for sustainable window panes. The ever-increasing population and the presence of numerous reputed manufacturers across Asia Pacific are also likely to spur the growth in this market.
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Some of the prominent companies operating in the global insulated glass market include Technical Glass Products, AGC Glass Company North America, sedak GmbH & Co. KG, CIG Glass, Innovative Glass Products, Fuso Glass India Pvt. Ltd, Collins-Toker, Hartung Glass Industries, Glass Insulators Inc., Intertek Group plc, Wojan Window & Door Corporation, Ramapo, and Clearvue Insulating Glass among others.
Majority of the key players are increasingly focusing on the North American and European markets owing to the rising adoption rate of insulated glass windows in these regions. Some of the other manufacturers are aiming to deliver a broad range of insulated glass windows, as well as better sales and service support to their customers worldwide.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Application, End User, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Technical Glass Products; AGC Glass Company North America; sedak GmbH & Co. KG; CIG Glass; Innovative Glass Products; Fuso Glass India Pvt. Ltd.; Collins-Toker; Hartung Glass Industries; Glass Insulators Inc.; Intertek Group plc; Wojan Window & Door Corporation; Ramapo; Clearvue Insulating Glass |
| Customization | Available Upon Request |
The global insulated glass market is anticipated to surpass US$ 22.8 Billion in 2032.
North America is set to lead the insulated glass market in the forecast period.
Technical Glass Products, AGC Glass Company North America, sedak GmbH & Co. KG, CIG Glass, Innovative Glass Products, and Fuso Glass India Pvt. Ltd. are some of the renowned companies in the insulated glass market.
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