The insulating glass window market is projected to grow from USD 12.8 billion in 2020 to USD 16.2 billion by 2025, at a CAGR of 4.8% from 2020 to 2025. The major reasons for the growth of the insulating glass window market include the optimal energy saving performance of insulating glass windows, the growing construction industry in regions like the Middle East and Asia Pacific, and the rising demand for value added glass products. These factors are responsible for driving the demand for insulating glass window market.
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Global energy demand continues to grow despite the historical high prices and mounting concerns over energy security. In order to address the issue of energy supply and demand, improving the energy efficiency of homes, businesses, schools, government buildings, and industries is imperative and inevitable. According to the U.S. Department of Energy (DOE), heating, cooling, and lighting of buildings account for 25% of the country’s total energy costs. This is expected to enhance the use of insulating glass windows for building insulation applications.
Commercial constructions that use insulating glass windows include commercial buildings, offices, hotels, hospitals, educational institutes, stadiums, and airports. Insulation helps reduce the heating and cooling loads of commercial buildings, manages indoor climate temperature, and reduces noise pollution, thus resulting in a more environmentally sustainable building. Furthermore, the increasing demand for Green Buildings in the commercial construction segment has been observed globally. These factors are expected to enhance the insulating glass window market during the forecast period.
Asia Pacific is projected to be the fastest-growing market during the forecast period. Growing demand for insulating glass window due to the increasing investments in the commercial construction sector, as well as government initiatives that support the use of insulating glass windows in commercial buildings. Furthermore, the presence of leading insulating glass window manufacturers is expected to drive the insulating glass window market in the region.
Compagnie de Saint-Gobain SA (France), AGC Inc. (Japan), Guardian Glass (US), Nippon Sheet Glass Co. Ltd. (Japan), and Central Glass Co., Ltd. (Japan) are some of the leading players operating in the insulating glass window market.
Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), and H.B. Fuller (US) are the key players in the adhesives & sealants for insulating glass window market..
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