According to the new market research report “Insulating Glass Window Market by End Use (Residential & Commercial), Spacer Type (Aluminum, Stainless Steel, Intercept, 4SG Thermoplastic, & Others), Sealant (Silicone, Polysulfide, Polyurethane, Hot-melt Butyl, Others) and Region – Global Forecast to 2025″, 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 market is witnessing average growth across the world due to factors such as, 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.
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By end-use industry, residential segment is projected to record a higher growth in the global insulating glass window market, during the forecast period. Nowadays, a triple-paned window system or IGU is being used in residential construction, which is estimated to have an R-value of about 5. There are also other variants in insulating glass windows that are incorporated in residential construction, such as Low-E insulating glass windows and dual-seal silicone insulating glass windows. These factors are expected to drive the insulating glass window growth in the residential end use segment.
By spacer type, other spacers are estimated to be the largest segment in insulating glass window market in 2020. The other spacers considered in this report are silicone spacers, structural foam spacers, composite spacers, and warm edge spacers. These spacers fall under the non-metal spacers category and offer the primary benefit of thermal efficiency for insulating glass windows. This factor is estimated to drive the growth of other spacer segment in the insulating glass window market during the forecast period.
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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.
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.
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