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Market Scope
As per an Extensive Research Report by Market Research Future (MRFR), Low E-Glass Market Information By Glazing, Coating Type, End Use, and Region – Forecast till 2032” The low e-glass industry shall make significant progress from USD 13.74 Billion in 2023 to USD 22.74 Billion by 2032, at a rate of 6.50% from 2023 to 2032.
A type of coating that provides low emissivity is low-E glass coatings. On glass surfaces, they are applied. These coatings also aid in reducing heat loss by reflecting infrared energy that hits the surface. In order to improve the glass’s energy efficiency, low-E coatings also contribute to a decrease in the U value.
In both residential and commercial structures, Low-E (low emissivity) materials are widely employed. It is coated with a low-emissivity material that deflects long-wave infrared energy, hence minimizing heat gain or loss. For buildings in various climates, it offers a unique and affordable solution to energy conservation. Generally speaking, windows are one of a building’s least energy-efficient features. Energy-efficient windows are currently a well-liked idea due to this new technology. Numerous attempts are being undertaken to create energy-efficient homes and vehicles as a result of growing efforts to reduce energy use on a personal level.
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Market Competitive Landscape:
Market USP Covered:
Market Drivers:
The global low-E glass market is moving towards energy efficiency in residential and non-residential structures as a result of building activity and public awareness. The recent growth of the low-E glass market may be attributed to the rising use of Low-E glass for lightweight glazing in automobiles to decrease vehicle weight and improve fuel efficiency. The market for low-E glass is booming, and it is used in both residential and commercial construction. By reflecting long-wave infrared radiation that enters the structure, low-E glass is a special and affordable choice for decreasing excessive heat gain loss and conserving energy in buildings under varied climatic conditions. Despite the fact that windows are traditionally the least energy-efficient part of a building, technological advancements have recently made energy-efficient windows the most well-liked idea. The expanding technological advancements in the automotive sector have also contributed to the achievement of the highest levels of fuel efficiency and passenger safety.
This encouraged producers to make R&D investments, which is anticipated to boost the expansion of the automotive glass market. The glass and coatings used to make car window panes are low-E. The market for low-E glass is anticipated to grow over the projected period because to the recent increase in demand for automobiles. Low-E glass is used to boost the efficiency of air cooling, increase the driving range of electric vehicles, and reduce CO2 emissions, leading to an increase in eco-credits and a decrease in overall fuel consumption.
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Among the major players’ growth strategies are product launches, acquisitions, and collaborations, all of which support the global market for Low-E glass. On the other hand, major players who concentrate on Low-E glass use product launch as a growth strategy to increase their market share. For instance, Vitro unveiled a brand-new Advanced Low-E Glass Sample Kit in June 2023 that includes a variety of the company’s high-performance Solarban sun control, low-e glass products for practical, hands-on comparison. Each item in the Advanced Low-E Glass Sample Kit has a solar heat gain coefficient (SHGC) of 0.25 or less, indicating a superior capacity to minimize the transmittance of heat energy from the sun.
Market Segmentation
The Low E-glass glazing types are Single Glazing, Double Glazing, and Triple Glazing.
The major coating types in the market are Solar control low-e coating, Passive low-E coating, and others.
The low e-glass market end users are Building and Construction, Automotive, and others.
Market Restraints:
Cost is the main barrier for manufacturers of low-E glass; the product’s smaller global market is caused by low-E glass’ greater price when compared to regular glasses.
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Regional Insights
The North American Low E-glass market is leading because to the region’s developing investment potential in residential and commercial construction projects and the end users’ growing awareness of the advantages of using energy-efficient glass window panes.
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