The global insulating glass window market size is expected to grow from $11.29 billion in 2021 to $12.56 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The insulating glass window market is expected to reach $16.26 billion in 2026 at a CAGR of 6.7%.
What is the Global Insulating Glass Window Market?
The insulating glass window market consists of sales of insulating glass windows by entities (organizations, sole traders, and partnerships) that are used to prevent significant heat transfer inside or out of a home or a building. Insulating glass is made up of two or more glass window panes divided by a vacuum or gas-filled cavity, which helps to limit heat transmission over a section of the building environment. IGUs, or insulating glass units, are used to keep buildings warm in the winter and cool in the summer.
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What drives the Global Insulating Glass Window Market?
Increasing demand for energy-efficient buildings is expected to propel the growth of the insulating glass window market over coming years. Energy-efficient buildings reduce the amount of energy required for heating and cooling, regardless of the type of energy used or the equipment used to heat or cool the structure. Insulating glass windows are used in energy-efficient buildings to prevent heat from escaping or entering a home or office. For instance, according to EnergyStar, a government-backed labeling program run by the U.S. Environmental Protection Agency and U.S. Department of Energy that promotes energy efficiency, in the year 2020, nearly 6,500 commercial buildings earned the ENERGY STAR, saving $1.6 billion and and avoiding more than 5 million metric tonnes of greenhouse gas emissions. Therefore, the increasing demand for energy-efficient buildings is driving the growth of the insulating glass window market.
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Global Insulating Glass Window Market Segments
The global insulating glass window market is segmented:
By Product Type: Vacuum Insulating Glass (VIG), Gas Filled Insulating Glass, Air Filled Insulating Glass
By Sealant Type: Silicone, Polysulfide, Hot Melt Butyl, Polyurethane, Others
By Spacer Type: Thermoplastic, Aluminum Box, Galvanized Steel, Intercept, Stainless Steel Box
By End-Use Industry: Residential, Commercial
By Geography: The regions covered in the insulating glass window market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Insulating Glass Window Global Market Report 2022provides market size and growth forecasts for the global insulating glass window market, global insulating glass window market share, insulating glass window market segments and geographies, insulating glass window market competitive landscape including leading competitors’ revenues, profiles and market shares. The insulating glass window market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Insulating Glass Window Industry Playersinclude AGC Inc., Cardinal Glass Industries Inc., Central Glass Co. Ltd., Saint-Gobain, Dymax Corporation, Glaston Corporation, Guardian Glass, H.B. Fuller Company, Vitro Architectural Glass, Internorm International GmbH, Ittihad Insulating Glass Co., Migo Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Shandong OYADE Sealant Industry Co. Ltd, Scheuten, Sika Industry, and 3M. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
