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.

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.