Double Glazing Glass Market Expected to Reach $22.3 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Double Glazing Glass Market," The double glazing glass market was valued at $11.7 billion in 2021, and is estimated to reach $22.3 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.

A double-glazed window has double separate and parallel sheets of glass, which is used in ultimate harsh conditions such as cold or hot and for other security purposes as well. It is an insulated glass unit that sits in a frame of timber, aluminum, or PVC. The demand for double-glazing glass is anticipated to increase with the rise in the number of construction activities.   

An essential component of a double-glazing unit is glass, and many types of glass, including toughened, laminated, and extremely transparent varieties, are utilized in the construction of double-glazed glass units. The materials which are used on windows to transmit light and enable partial thermal radiation to pass through are known as advanced glazing materials.  

An increase in demand for double-glazing glass in the building & infrastructure sector owing to enhanced energy-efficient qualities, which result in an overall decrease of energy consumption and is expected to drive the double-glazing glass market over the projection period. Double-glazing glass is currently gaining popularity in sustainable green buildings to increase energy efficiency and reduce energy consumption with improved aesthetic structures due to its excellent features. In every way, green buildings are energy-efficient structures that consume less water, maximize their use of energy, protect the environment, and generate significantly less waste. These buildings cut operational cost and substantially enhance the quality of life. Glass plays a major role in the devising and construction of green buildings and is used in building to boost the aesthetics of the building and develop thermal performance.  

The other factor boosting the double-glazing glass market’s growth is increasing infrastructural development across the globe. Foreign investments and urbanization triggered infrastructural development. Good infrastructure accounts for the growth of the economy of a nation. For instance, the Indian government pays a lot of emphasis on the infrastructure sector since it is essential to India's overall prosperity and helps to guarantee that world-class infrastructure is created in the country on time.

The infrastructure sector includes the construction of highways, bridges, dams, power plants, and other types of infrastructure. In order to give India its new identity, the Indian government is making a strong push with its policies to ensure that India has top-notch infrastructure. In India, for instance, significant industrial and infrastructure projects totaling about $1.3 trillion are currently being implemented. These infrastructure projects also include the construction of various commercial and residential buildings and others that make use of double-glazing glass due to its energy-efficiency properties.  

However, the major factors acting as restraints, however, include a lack of awareness, reluctance to adopt, and an increase in decline in the construction sector due to COVID-19. Rising new product development will also pose a challenge to the expansion of the double-glazing glass market during the forecast period.  

The double-glazing glass market is segmented on the basis of thickness, application, end-use industry, and region. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. By thickness, the market is categorized into less than 10mm, 10mm to 12mm, and more than 12mm. On the basis of thickness, the More than 12mm segment was the largest revenue contributor in 2021 and is anticipated to register the highest CAGR of 6.9% during the forecast period owing to Double glazing slowing this heat flow. The thicker glass makes it more difficult for heat to pass through it, and the air gap provides a barrier to block it. 

On the basis of application, the market is categorized into window & door, and façade. On the basis of application, the window & door segment was the largest revenue contributor, in 2021 and is anticipated to register a highest CAGR of 6.9% during the forecast period owing to double-glazed windows are gaining popularity with each passing day.  

On the basis of end-use industry, the market is categorized into residential, commercial and industrial. On the basis of end-use industry, the residential segment was the largest revenue contributor, in 2021 and is anticipated to register a highest CAGR of 7% during the forecast period owing to double-glazing glass maintains the attractive appearance of glass while offering benefits such as durability, excellent performance, and multi-functionality.  

Region-wise, the Europe double-glazing glass market size is projected to grow at the highest CAGR of 7.1% during the forecast period owing to manufacturers in Europe are expanding their network to meet the supply-demand owing to the high demand for double-glazing glass in residential and commercial sectors..  

The major players operating in the industry include Abbey & Burton Glass, CN Glass Limited, Clayton Glass Ltd, Shenzhen Sun Global Glass Co., Ltd., TAMCO Gulf Ltd, Weatherbeater Windows, Metro Performance Glass, Glass & Glazing Systems Pvt. Ltd, Royal Tough Glass Works, Chevron Glass Pty. Ltd. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.

KEY FINDINGS OF THE STUDY

• On the basis of thickness, the more than 12mm segment is projected to grow at the highest CAGR of approximately 6.9%, in terms of revenue, during the forecast period.
• On the basis of application, the window and door segment is projected to grow at the CAGR of approximately 6.9% in terms of revenue, during the forecast period.
• On the basis of end-use industry, the residential segment is projected to grow at the CAGR of approximately 7% in terms of revenue, during the forecast period.
• On the basis of region, Europe is projected to grow at the highest CAGR of approximately 7.1%, in terms of revenue, during the forecast period.

IMPACT OF COVID-19 ON THE GLOBAL DOUBLE GLAZING GLASS MARKET

Double-glazing glass is widely used in construction, residential and other sectors. Construction industries have gained momentum and begun started their production process smoothly. Hence, the demand for double-glazing glass has increased post covid.