The global Insulated Glass Market is on the brink of a significant transformation, poised to witness remarkable growth in the coming years. According to the latest projections from Future Market Insights (FMI), the market’s value is set to surge from US$ 13.4 billion in 2022 to an impressive US$ 22.8 billion by 2032. This anticipated growth, with a compounded annual growth rate (CAGR) of 7.5% from 2022 to 2032, underscores the increasing importance of energy-efficient solutions and sustainable building practices in today’s world.
Insulated glass is also known as insulated glass unit (IGU), as it is not an individual glass but a combined structure of two glasses separated by a space which is filled by a gas and a desiccant for absorbing moisture. Insulated glass is a sealed structure which is used for insulating spaces from heat transfer. The insulated glass unit consists of various components such as tempered or laminated glass, a spacer, inert gas, and a frame.
Various types of glasses are used for fabrication of insulated glass depending upon the requirement and priority of the user. Insulated glass units are majorly used in windows to save the electricity for cooling or heating the houses or the commercial buildings. Insulated avoids the transfer heat from inside out and to inside from outer environment. Ample of energy is spent on cooling or heating the building spaces, whether it may be commercial building or a household. This energy can be effectively saved by using insulated glass. The major applications of insulated glass includes panels, doors, sliding doors, bent and curved panels, and amongst others.
Gain a market overview from industry experts and unlock valuable insights to drive your business growth. Download our sample now! https://www.futuremarketinsights.com/reports/sample/rep-gb-9316
Market Dynamics of Insulated glass Market
Growing urbanization and increasing demand for high performance insulation products, all over the world, is putting pressure on the manufacturers to meet the demand, which is pushing new developments in the insulated glass market. Increasing infrastructure projects in the emerging countries is pushing the demand for insulated glass.
Moreover, the initiatives for energy saving from developed as well as developing countries e.g. LEED certification is boosting the demand for insulated glass in the market. Today, major portion of the total energy consumed is shared by space heating and cooling application in building interiors. Therefore use of insulated glass can reduce the energy consumption to a great extent.
Increasing focus on energy saving is driving the demand for various alternatives for energy saving. Insulated glass plays a vital role in the energy saving through insulating spaces from external environment. This is driving global market for insulated glass.
Alternative products for insulation of spaces can be a restraining factor for the growth of the insulated glass market
Increasing energy saving initiatives is pushing new developments of products for insulation, which includes insulation coatings, insulation composites, foams, and others. Development of new alternative products for insulations can impact potentially on the growth of the insulated glass market. Insulated glass is an expensive product compared to other insulation products. The cost of insulated glass also increases with the increase in strength and other safety features of the glass. Therefore it is a challenging for the manufacturers to reduce cost of glass and provide innovative insulated glass products.
Insulated glass market trends: Innovation and new product developments
Good transparency and durability of the insulated glass, is at the center of focus by the manufacturers. High performance materials are being used in insulated glass, for improving the strength and performance of the glass. Continuous research and development in the field of insulation technology is bolstering the new product developments in this market. Increasing demand for durable and highly transparent and efficient insulation windows and doors is expected to boost the growth of the global insulated glass market.
Insulated glass Market: Regional Outlook
Large population and increasing infrastructure developments in India, China, Saudi Arabia and other countries in the world are the emerging markets driving the insulated glass market over the globe. Asia Pacific region is considered as the major consumer base of the global insulated glass market where the region witnessed high growth in last decade.
North America and Europe followed Asia Pacific in terms of demand for insulated glass, however insulated glass market in Europe and North America is expected to grow at a moderate rate. Latin America is also identified with a notable share in the global insulated glass market. Middle East and Africa is also creating lots of opportunities for insulated glass market players as the construction market is growing at a significant growth rate, in the region.
Global Insulated glass Market Participants
Some of the market participants identified across the value chain of global insulated glass market are:
- AGC Glass Company North America
- CIG Glass
- Fuso Glass India Pvt. Ltd
- sedak GmbH & Co. KG
- Hartung Glass Industries
- Intertek Group plc
- Ramapo
- Innovative Glass Products
- Technical Glass Products
- Wojan Window & Door Corporation
- Collins-Toker
- Clearvue Insulating Glass
- Glass Insulators Inc.
Key Segments Profiled in the Insulated Glass Industry Survey
By Type:
- Heated Insulating Glass
- Tempering Insulating Glass
- Custom Insulated Glass
- Other Glasses
By Application:
- Doors & Partitions
- Kitchen Appliances & Cabinets
- Floors & Ceilings
- Furniture & Curtain Walls
- Railings & Bolted Structures
- Automotive Glasses
By End User:
- Residential Buildings
- Commercial & Institutional Buildings
- Industrial Users
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
