Global Insulating Glass Window Market Size Expands to Cross USD 20.2 Billion by 2029.
Global insulating glass window market is flourishing due to the strong demand for insulated glass in the architecture and construction industry owing to its several benefits, including temperature management, reduced reflection, and sun protection.
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Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated the global insulating glass window market size at USD 13.31 billion in 2022. During the forecast period between 2023 and 2029, Report Ocean expects the global insulating glass window market size to grow at a CAGR of 6.26% reaching a value of USD 20.24 billion by 2029. The growing number of activities and initiatives in the global construction sector is driving the insulating glass window market. Currently, the industry is expected to expand due to an increase in sales of low-E coated insulating glass windows for newly constructed commercial structures to meet national environmental and energy challenges and reduce energy consumption even further. The growing desire to improve energy efficiency and lower electricity bills, particularly in cold and hot climates, will drive demand for insulating glass windows.
Global Insulating Glass Window Market – Overview:
An insulating glass window lowers heat transfer over a segment of the building envelope by joining several panes of glass into a single piece. The flow of heat and cold is also impeded by gas and numerous glass panes. It reduces the need for artificial air conditioning by regulating the temperature of the space and preventing air from escaping through windows.
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Global Insulating Glass Window Market – By Sealant Type
Global insulating glass window market is segmented into Silicone, Polysulfide, Hot melt butyl, Polyurethane, and Others. The silicone segment holds a significant market share in the global market by sealant type. Silicone sealants are used to seal the joints and insulate panes to prevent air leakage between the windows. The increasing use of insulating glass windows is expected to propel the segment’s growth. Silicone sealants are becoming more popular in the construction industry due to their numerous advantages, including extremely low-temperature flexibility, excellent electrical properties, oxidation and ozone resistance, excellent thermal and weather stability, high gas permeability, and physiological inertness.
Impact of COVID-19 on Global Insulating Glass Window Market
The coronavirus outbreak adversely affected the global insulated glass market. Because of the pandemic, governments across the countries have enacted stringent regulations, which have had an impact on the development of the insulated glass market. The main markets for insulated glass, such as the construction industry, have also ceased operations, resulting in a drop in global glass demand. Furthermore, the vast majority of raw materials suppliers in this industry were forced to close their doors, and the large suppliers shifted their focus to pandemic assistance.
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Competitive Landscape:
Global insulating glass window market is fiercely competitive. Prominent players in the market include 3M, AGC Inc., Compagnie De Saint-Gobain S.A., Dymax, Glaston Corporation, Guardian Industries, H.B. Fuller Company, Henkel AG & Co. KGaA, Internorm, Nippon Sheet Glass Co., Ltd., Scheuten, Viracon, and Yongan Adhesive Industry Co., Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the global insulating glass window market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Insulating Glass Window Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Insulating Glass Window Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
What is the goal of the report?
- The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
- During the forecast period, the report analyzes the growth rate, market size, and market valuation.
- The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
- The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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