Increasing demand for energy-efficient buildings in various regions will drive the Insulating Glass Window Market

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. The commercial segment accounted for the largest share of the insulating glass window market in 2020, owing to the increasing rate of commercial building construction in the countries such as the US, Germany, China, and India.

North America is projected to be the largest regional market for insulating glass windows. The market in North America is driven by moderate growth in the construction industry. Glass insulation is considered a viable option for making buildings energy-efficient. Also, factors such as the high quality of infrastructural construction, reduced environmental impact, climatic conditions, and government regulations are fueling the growth of energy-efficient windows in North America.

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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).

Recent Developments

1. In December 2020, 3M launched 2480 3M Hi-Tack silicone adhesive tapes. The products provide sheer performance, stronger adhesion, and longer-wear time.
2. In July 2020, Guardian Glass has launched a new glass coater in Czestochowa Poland, which transforms normal float glass into high-performance, value-added glass using modern technology. This will help to increase the production of low-emissivity (low-E) solar control glass for both residential and commercial applications.

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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Insulating Glass Window Market Driver: Optimal energy-saving performance

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. The increasing demand for energy-efficient buildings in various regions is expected to drive the growth of this market. The commercial segment accounted for the largest share of the insulating glass window market in 2020, owing to the increasing rate of commercial building construction in the countries such as the US, Germany, China, and India.

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The high energy consumption in buildings is propelling the demand for energy-efficient building materials such as insulating glass windows. The usage of insulating glass windows can help reduce energy losses and result in lower energy consumption, which is a crucial requirement. The heat and light transferred through the glass directly impact the comfort level of the people in the room, apart from affecting the energy costs. Switching to insulating glass windows makes a huge difference in the overall energy consumption. The use of insulating glass windows in residential and commercial buildings can reduce power consumption by almost 50%, thereby proving to be an effective technology for power optimization. Also, the growing trend of rating systems in various countries, such as LEED (Leadership in Energy & Environmental Design) in the US, IGBC Green Ratings in India, and others are likely to contribute to the growth of the insulating glass window market.

North America is expected to dominate the insulating glass window market from 2021 to 2026

North America is projected to be the largest regional market for insulating glass windows. The market in North America is driven by moderate growth in the construction industry. Glass insulation is considered a viable option for making buildings energy-efficient. Also, factors such as the high quality of infrastructural construction, reduced environmental impact, climatic conditions, and government regulations are fueling the growth of energy-efficient windows in North America.

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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Insulating Glass Window Market worth $17.2 billion by 2026

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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Growing trend of lightweight vehicles to drive market growth of Insulating Glass Windows

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. The increasing demand for energy-efficient buildings in various regions is expected to drive the growth of this market. The commercial segment accounted for the largest share of the insulating glass window market in 2020, owing to the increasing rate of commercial building construction in the countries such as the US, Germany, China, and India.

With the increasing global concern on climate change and energy security, automobile manufacturers are facing increasing pressure to improve fuel efficiency on their fleet. Automobile manufacturers are turning to aluminum and composite materials as a building platform for vehicles. Both aluminum and composite materials are more expensive than steel. Therefore, the automobile industry are also looking at areas where they can use adhesive tapes instead of rivets and bolts to reduce costs. Structural adhesive tapes are engineered for multi-material bonding and joining and are the excellent adhesive solution for lightweight and high-performance designs.

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By sealant type, silicone segment is expected to lead the insulating glass window market during 2021 to 2026

Silicone sealants are widely used for glass bonding in insulating glass windows as they have the ability to bond materials together with enormous power or exceptional lightness and are designed for both permanent and temporary adhesion applications. Various properties of silicone, such as high elongation, high-temperature resistance, durability, and others are expected to drive this segment.

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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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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Optimal energy saving performance of insulating glass windows driving the 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.

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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..

Don’t miss out on business opportunities in Insulating Glass Window Market. Speak to our analyst and gain crucial industry insights that will help your business grow.