Insulating Glass Window Market Size is projected to reach USD 21.16 Billion by 2030, growing at a CAGR of 6.9%: Straits Research

New York, United States, July 26, 2022 (GLOBE NEWSWIRE) — An insulating glass window consists of two or more glass window panes separated by a gas-filled space or vacuum to reduce heat transfer in the residential or non-residential areas. Factors such decrease in energy & air conditioning costs, an increase in awareness about sustainability, and the surge in global energy demand drive the growth of the global insulating glass window. Furthermore, an increase in the installation of the insulating glass window to restrict the loss of energy and contribute to reducing energy bills notably contributes to the growth of the global market. For instance, double glazing or triple glazing windows can save up to 50% of the temperature loss compared to normal windows.

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Improving Awareness of Environmental Sustainability Spurs the Global Insulating Glass Window Market 

Leaks and drafts in windows result in heat loss during winters and cool air during summer, which eventually increases the electric bills. For instance, according to the Environmental Defense of Canada, the total greenhouse gas registered in Ontario consisted of almost 25% contribution from the equipment used for cooling, heating, and lighting of the buildings. This increases the carbon footprint and contributes to climate change. However, improving awareness about environmental sustainability and solutions to minimize climate change has replaced existing windows. This, in turn, has augmented the demand for insulating glass windows, thus contributing to the market growth.

Increasing Government Initiatives for Energy-Efficient Buildings Create New Opportunities for the Global Insulating Glass Window Market

There is a growing demand for the installation of energy-efficient solutions due to a surge in the requirement for energy. However, the installation of these energy-efficient solutions is supposedly costly. Consequently, the government has taken several initiatives to boost the adoption of energy-efficient solutions. Depending on the state or operating areas, authorized government bodies have started to give tax incentives, rebates, and loans for certified products. This encourages the purchase of qualified windows by customers. For instance, the Environmental Defense of Canada offered an incentive of USD 500 per window up to USD 5000 to customers installing completely new windows with the Energy Star symbol. Moreover, such initiatives by the government are expected to create remunerative growth opportunities for the insulating glass window market expansion during the forecast period.

Report Scope

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Regional Insights

North America is the largest shareholder and is expected to grow at a CAGR of 6.5% during the forecast period. Since insulating glass windows are widely used in North America, leading manufacturers of those windows concentrate their efforts there. Many businesses, including Andersen Corporation, Jeld-Wen Holding, Inc., Marvin, Masco Corporation, PGT Innovation, Inc., and Cornerstone Building Brands, manufacture insulating glass windows in the United States. For various end customers in North America, these producers seek to offer a wide selection of insulating glass windows and service & sales support, which helps the market expand.

Europe is the second-largest shareholder and is expected to be worth USD 6,560 million, growing at a CAGR of 7.3% during the forecast period. Governments have enforced stringent laws in Europe regarding environmental conservation. Hence, companies are innovating equipment to reduce the usage of nonrenewable energy resources. Furthermore, highly efficient equipment is being developed to restrict the expenditure on the operation of the building spaces. Hence, insulating glass windows have increased, as it has become more efficient in terms of durability and performance-oriented.

Asia-Pacific is the fastest-growing region. Australia holds a significant share of the insulating glass window market in terms of consumption and manufacturing. Due to the rapid development of technology, developing nations like Taiwan, Singapore, Hong Kong, and India have been identified as potential markets. AGC Inc., Central Glass Co. Ltd., and YKK Corporation are a few of the major companies active in the Asian market. These players are working to establish manufacturing facilities in the insulating glass window market to increase production rates and supply the Asian construction sectors, both residential and commercial. This influences the overall growth of construction and manufacturing facilities in the region. 

Key Highlights

• The global insulating glass window market Size was worth USD 11,871 million in 2021. It is expected to reach USD 21,160 million by 2030, growing at a CAGR of 6.9% during the forecast period (2022–2030). 
• By type, the global insulating glass window market is categorized into Double Glazing, Triple Glazing, and Others. Double Glazing is the highest shareholder and is estimated to grow at a CAGR of 7.5% during the forecast period.
• By sealant type, the global insulating glass window market is categorized into Hot Melt, PIB Primary Sealants, Polysulfide, and Silicone. Silicone Sealant is the highest shareholder and is estimated to grow at a CAGR of 6.6% during the forecast period.
• By end-user, the global insulating glass window market is categorized into Residential and Non-Residential. The Residential segment dominates the market and is estimated to grow at a CAGR of 6.6% during the forecast period.
• By region, the global insulating glass window market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is predicted to grow at a CAGR of 6.5% during the forecast period.

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List of Top Global Insulating Glass Window Market Suppliers

• AGC Inc
• Central Glass Co., Ltd
• Glaston Corporation
• Saint Gobain SA
• Internorm International GmbH
• Sika Industry
• Nippon Sheet Glass Co. Ltd
• Viracon (US)
• H.B. Fuller
• Scheuten

Global Insulating Glass Window Market: Segmentation 

By Glazing Type

• Double Glazing
• Triple Glazing
• Others

By Sealant Type

• Hot Melt
• PIB Primary Sealants
• Polysulfide
• Silicone

By End-user 

• Residential
• Non-residential

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA

TABLE OF CONTENT

1. Introduction
   1. Market Definition
   2. Market Scope
2. Research Methodology
   1. Primary Research
   2. Research Methodology
   3. Assumptions & Exclusions
   4. Secondary Data Sources
3. Market Overview
   1. Report Segmentation & Scope
   2. Value Chain Analysis: Insulating Glass Window Market
   3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
   5. Market Share Analysis
4. Glazing Type Overview
   1. Introduction
      1. Market Size & Forecast
   2. Double Glazing
      1. Market Size & Forecast
   3. Triple Glazing
      1. Market Size & Forecast
5. Sealant Type Overview
   1. Introduction
      1. Market Size & Forecast
   2. Hot Melt
      1. Market Size & Forecast
   3. PIB Primary Sealants
      1. Market Size & Forecast
6. Regional Overview
   1. Introduction
      1. Market Size & Forecast
   2. America
      1. North America
      2. U.S.
         1. By Glazing Type
         2. By Sealant Type
      3. Canada
         1. By Glazing Type
         2. By Sealant Type
      4. Mexico
         1. By Glazing Type
         2. By Sealant Type
      5. Latin America
         1. By Glazing Type
         2. By Sealant Type
   3. Europe
      1. Market Size & Forecast
      2. Germany
         1. By Glazing Type
         2. By Sealant Type
      3. France
         1. By Glazing Type
         2. By Sealant Type
      4. U.K.
         1. By Glazing Type
         2. By Sealant Type
      5. Italy
         1. By Glazing Type
         2. By Sealant Type
      6. Spain
         1. By Glazing Type
         2. By Sealant Type
      7. Rest of Europe
         1. By Glazing Type
         2. By Sealant Type
   4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
         1. By Glazing Type
         2. By Sealant Type
      3. China
         1. By Glazing Type
         2. By Sealant Type
      4. Australia
         1. By Glazing Type
         2. By Sealant Type
      5. India
         1. By Glazing Type
         2. By Sealant Type
      6. South Korea
         1. By Glazing Type
         2. By Sealant Type
      7. Rest of Asia-Pacific
         1. By Glazing Type
         2. By Sealant Type
   5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
         1. By Glazing Type
         2. By Sealant Type
      3. South Africa
         1. By Glazing Type
         2. By Sealant Type
      4. Kuwait
         1. By Glazing Type
         2. By Sealant Type
      5. Rest of Middle East & Africa
         1. By Glazing Type
         2. By Sealant Type
7. Company Profile
   1. AGC Inc
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
   2. Central Glass Co Ltd
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
   3. Glaston Corporation
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
8. Conclusion & Recommendation
9. Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/insulating-glass-window-market/toc

Market News

• In May 2022, NSG Group announced a 1.4 MW photovoltaic solar array at its Rossford, Ohio facility, which is fully operational and will supply about 2.5 million kWh of renewable energy annually. The new collection, owned and operated by AEP OnSite Partners, a subsidiary of American Electric Power, will provide energy to the facility for the next 20+ years under a power purchase agreement.
• In May 2022, NSG Group announced that they have set an increased target of carbon emission reduction by 2030 and have committed to achieving Carbon Neutrality by 2050.

News Media

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