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.

To know about the assumptions considered for the study download the pdf brochure

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

To know about the assumptions considered for the study download the pdf brochure

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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