The insulating glass window market size was USD 12.0 billion in 2020 and is projected to reach USD 17.2 billion by 2026; it is expected to grow at a CAGR of 6.1% from 2021 to 2026, owing to the increasing demand for energy-efficient buildings in various regions.
Insulating Glass Window Market by Product Type, Glazing Type (double glazed, triple glazed), Spacer Type, Sealant Type (silicone, polysulfide, hot melt butyl, polyurethane), End-Use Industry, and Region – Global Forecast to 2026
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By product type, the gas-filled insulating glass segment is projected to grow at the highest CAGR during the forecast period
Gas-filled insulating glass segment is expected to grow at a faster rate during 2021 to 2026. The growth is due to the better insulation properties offered by gas-filled insulating glass compared to air-filled and vacuum insulating glass (VIG). Also, the performance of an insulating glass unit can be enhanced by filling the space with a noble gas such as argon or krypton between the panes.
By glazing type, triple glazed segment is projected to grow at the highest CAGR during the forecast period
Triple galzed segment is expected to grow at a faster rate during 2021 to 2026, owing to their high demand from countries having cold climates. Triple glazing is prominently used in Scandinavian countries due to the cold climate there. Moreover, the additional layer of glass in a triple-glazed window reduces heat loss, thus making it a lot harder for heat to escape.
By end-use industry, residential segment is expected to register the highest CAGR during the forecast period
The residential segment is expected to register the highest CAGR during 2021 to 2026, due to the growing demand for green buildings. One of the key roles of insulating glass windows in the residential construction segment is to keep homes warmer in the winter and cooler in the summers. Also, these insulating glass windows are used as a replacement for other building materials, such as wood and brick, to boost the aesthetic appeal of residential constructions.
Middle East & Africa is projected to grow at the highest CAGR during the forecast period
Middle East & Africa region is projected to show positive growth, especially in the commercial construction industry, due to factors such as government initiatives (Saudi Arabia’s Vision 2030), increasing urbanization, and industrialization. Also, the Middle East & African insulating glass window market is projected to witness high growth till 2022, mainly because of the upcoming infrastructural projects such as Expo 2020 (UAE) and the 2022 FIFA World Cup (Qatar).
The key market players include AGC Inc. (Japan), Central Glass Co., Ltd. (Japan), Compagnie de Saint-Gobain SA (France), Dymax (US), Glaston Corporation (Finland), Guardian Glass (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Internorm (Austria), Scheuten (Netherlands), Nippon Sheet Glass Co., Ltd. (Japan), Sika AG (Switzerland), 3M (US), Viracon (US). These players have adopted product launches, acquisitions, expansions, agreements, contracts, partnerships, investments, collaborations, and divestments as their growth strategies.
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