Insulating Glass Window Market Expected to Reach $21.1 Billion by 2030

According to a new report published by Allied Market Research, titled, “Insulating Glass Window Market by Type and EndUser: Global Opportunity Analysis and Industry Forecast, 2021–2030,”the global insulating glass window market size was valued at $11.1 billion in 2020, and is projected to reach $21.1 billion by 2030, registering a CAGR of 6.9% from 2021 to 2030.

The insulating glass window helps in minimizing the use of artificial heating and cooling in a building by providing substantial protection from heat loss and heat gain from the outer atmosphere. These windows consist of three majorcomponents, including glass or the glazing, frame, and other hardware. Each energy-efficient window product is certified on the basis of solar heat gain coefficient (SHGC) and U-factor, which qualify it for the Energy Star Rating by the National Fenestration Rating Council (NFRC) of the U.S. The SHGC factor measures the amount of solar heat entering through the window, whereas the U-factor measures the insulation capacity of the window.However, high initial costs of insulating glass window as compared to normal windows and fluctuation in raw material prices restrainthe insulating glass window market growth.

Region wise, the insulating glass window market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2020, North America dominated the market, in terms of revenue share, accounting for 33.6% share of the insulating glass window industry.However, Asia-Pacific is expected to grow significantly with high CAGR during the forecast period. For instance, according to the report publish in 2018 by Overseas Development Institute (ODI), the Asian economy is projected to grow significantly until 2025. This influences the overall growth of construction and manufacturing facilities in in this region. North America is expected to hold the highestinsulating glass window market share of the, owing to increase in demand for energy-efficient windows.

The insulating glass window in Europe is expected a rapid pace during the forecast period,as major countries in the region such as Germany, the UK, and France are major developmental hubs for large nonresidential building spaces such as offices and indoor public spaces.

However, during the pandemic, various manufacturers in the insulating glass windowmarket analysishad to stop their business in the countries such as China, the U.S., and India.In addition, lack of technologyconstrictedsupply of machines of insulating glass window. Conversely, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of insulating glass windowcompanies.

The key players profiled in the market report includeAGC 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, and Scheuten.

Key Findings of The Study

• By glazing type, the double glazing segment accounted for largest share of the insulating glass window  market in 2020.
• Depending onsealant type, the hot melt segment is anticipated to grow with the highest CAGR throughout the forecast period.
• On the basis of enduser, the residential segment garnered the largest share of the insulating glass window markettrends in 2020.
• Asia-Pacific is projected to register highest growth rate in the coming years.