Compagnie de Saint-Gobain SA (France) and AGC Inc. (Japan) are Leading Players in the Insulating Glass Window Market

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.

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), Central Glass Co., Ltd. (Japan), Glaston Corporation (Finland), Guardian Glass (US), Internorm International GmbH (Austria), JE Berkowitz (JEB) (US), Nippon Sheet Glass Co. Ltd. (Japan), Viracon (US), H.B. Fuller (US), Henkel AG & Co. KGaA (Germany), Dymax Corporation (US), Sika AG (Switzerland), and The 3M Company (US). These are leading players in the insulating glass window market, globally. These players have adopted the strategies of new product launches, acquisitions, expansions, agreements, contracts, partnerships, investments, joint ventures, and divestments, to increase their presence in the global market.

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Compagnie de Saint-Gobain SA is the leading player in the global insulating glass window market and is estimated to have the highest share in the market. In October 2019, Saint-Gobain Glass France, a subsidiary of Saint-Gobain, entered into several contracts with its waste collecting partners located in France. The purpose of this contract is to recycle glass from end-of-life windows to save energy and raw materials. Saint-Gobain Glass France’s waste collecting partners have committed to guaranteeing cullet quality compatible with that needed to manufacture new flat glass. The purpose of the contract is to reduce the procurement cost of raw glass materials, thereby minimizing the manufacturing costs of glass, either flat, insulated, or float glass.

Another important player in the global insulating glass window market is AGC Inc. In October 2018, AGC Inc. entered into a partnership with Panasonic Corporation (Japan) to develop a vacuum insulated glass with the highest class of insulation performance for the European market. Total value of USD 11 million was invested in this development. The new vacuum insulated glass was launched in the European market by March 2019 for application in the residential sector of the region. The partnership would help AGC Inc. in catering to the growing need for soundly insulated residential replacement windows in Europe due to the common practice of homeowners renovating older houses to live in for several years or even decades.

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COVID-19 Impact on the Global Insulating Glass Window Market

The pandemic is estimated to have huge impact on various factors of the value chain of insulating glass windows, which is expected to reflect during the forecast period, especially in the year 2020-2021. The various impact of COVID-19 are as follows:

• Impact on components of insulating glass windows: The imposition of COVID-19 lockdowns across the world, leading to a decrease in the production of float glass. Hence the insulating glass window market is estimated to witness severe impact during 2020-2021. On March 30, 2020, Phoenicia, the only float glass manufacturer based in Israel, announced its decision to switch from being a glass manufacturer to be a glass trading company. Factors such as the COVID-19 outbreak, a lack of demand for float and laminated glass, and a drop in glass prices resulted in this decision. This could increase the dependence of Israel on the import of float glass for the manufacture of insulating glass windows in the future.
• Impact on raw materials used for manufacturing insulating glass window: Due to the impact of COVID-19, the raw materials required for glass manufacturing, which are mostly supplied from Europe to other economies, are seeing their supply impeded because of the multiplication of health checks inside European borders. This is expected to temporarily impact the production of insulating glass windows globally.
• Impact on end-use industries: The impact of the COVID-19 on the construction industry is estimated to vary in different regions across the world. The impact of COVID-19 on the construction industry is projected to vary in different regions across the world. IMF has predicted that there will be heavy layoffs in the construction sector and other industries in the US. In Europe, the building & construction industry is anticipated to contract by 60%–70% in 2020.

The global 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 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 are driving factors for growth of insulating glass window market.

Browse 116 market data Tables and 41 Figures spread through 187 Pages and in-depth TOC on “Insulating Glass Window Market by End Use (Residential & Commercial), Spacer Type (Aluminum, Stainless Steel, Intercept, 4SG Thermoplastic, & Others), Sealant (Silicone, Polysulfide, Polyurethane, Hot-melt Butyl, Others) and Region – Global Forecast to 2025”

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